Global Banking Monitor

Thursday, May 2, 2024

Stripe employees get to sell $1bn of shares

It's good news for the Stripe employees...

Strategies for Upskilling Your Workforce in an AI-Driven Economy

In an era where artificial intelligence (AI)...

Five Strategies for Enhancing Internal Communications in Banks

In the fast-paced world of banking, effective...

Tag: suisse

Swiss Regulator Warns of Full-Scale Bank Run if Credit Suisse Goes Bankrupt

Allowing the bankruptcy of troubled lender Credit Suissewould have crippled Switzerland’s economy and financial center and likely resulted in deposit runs at other banks,...

UBS Chair Expects Credit Suisse Integration to Last Up to Four Years

UBS Group AG Chairman Colm Kelleher said the integration of Credit Suisse Group AG will take three to four years, excluding the wind down...

How Credit Suisse Won and Lost the Saudi Crown Prince as a Client

When Credit Suisse opened its first office in Saudi Arabia in early 2021, Bruno Daher, the cigar-smoking head of Credit Suisse’s Middle East business,...

Credit Suisse Accused by Senate Panel of Aiding Ultra-Wealthy Americans in Tax Evasion

Credit Suisse is complicit in ongoing tax evasion by ultra-wealthy Americans, including a potentially criminal conspiracy involving the failure to disclose nearly $100 million...

Sergio Ermotti appointed as new CEO of UBS to spearhead Credit Suisse turnaround

UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and risky task of completing the bank’s emergency takeover...

UBS’s Kelleher Claims Credit Suisse Integration More Complex Than 2008 Crisis Deals

UBS Group AG Chairman Colm Kelleher said that the task of integrating Credit Suisse Group AG is bigger than any deal that was executed...

Saudi National Bank chair steps down days after Credit Suisse comments prompt sell-off

Saudi National Bank Chairman Ammar al-Khudairy resigned his post on Monday, days after his comments exacerbated the share collapse of troubled bank Credit Suisse. He...

Swiss finance minister reveals Credit Suisse accessed billions in liquidity last weekend

Credit Suisse (CSGN.S) tapped the Swiss National Bank for "a large multi-billion amount" last weekend to secure its liquidity, the country's finance minister Karin...

China’s 5% GDP Target at Risk Due to Credit Suisse Scandal

The trauma from the 2008 “Lehman shock” still looms large in the psyches of Asian policymakers. This can be seen by how quickly Credit...

Sources claim UBS rushing to finalize Credit Suisse deal by late April

The Swiss authorities and UBS Group AG are racing to close the takeover of Credit Suisse Group AG within as little as a month,...

European Bank Capital Bonds Tumble as Credit Suisse Write-Off Hits Market

Switzerland’s move to wipe out $17 billion of Credit Suisse Group AG bonds has prompted investors to reassess a market integral to the safety...

Report: Credit Suisse Bankers Flock to Recruiters in Search of New Jobs During UBS Takeover

Credit Suisse employees have inundated recruiters across the world with calls to find a new job as UBS struck a $3.25 billion deal to...

Credit Suisse AT1 Bond holders Possibly Pursuing Legal Action, Says Law Firm

Lawyers from Switzerland, the United States and UK are talking to a number of Credit Suisse (CSGN.S) Additional Tier 1 (AT1) bond holders about...

Credit Suisse AT1 Bond Write-Off Results in $340 Million Loss for PIMCO – Source

Bond giant PIMCO lost about $340 million on a category of Credit Suisse bonds that were wiped out by the takeover by UBS (UBSG.S),...

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