UBS brings back Ermotti to fix Credit Suisse takeover
UBS Group announced that Sergio Ermotti is returning to the Swiss bank as chief executive officer to oversee the complicated acquisition of Credit Suisse Group….
March 2023
Swiss regulator defends $17bn bond wipeout
By Mark McSherry Switzerland’s financial market regulator FINMA has defended its decision to impose huge losses on some of Credit Suisse bondholders — arguing that the decision…
Brookfield buys out KKR at X-ELIO, Spanish solar firm
By Mark McSherry Investment firm KKR said it agreed to sell its 50% stake in Spanish renewable energy company X-ELIO to its joint venture partner…
Central banks act as UBS buys Credit Suisse
Central banks took collective action on Sunday to prevent a banking crisis from spreading as Swiss authorities persuaded UBS to buy Credit Suisse for about…
Credit Suisse borrows up to $54bn to avert crisis
By Mark McSherry Credit Suisse said on Thursday it will borrow up to $54 billion from Switzerland’s central bank to shore up liquidity and investor confidence…
Volkswagen to invest €180bn in electric push
By Mark McSherry Volkswagen said it plans to invest €180 billion over five years — with 68% of the money injected into the “future fields” of…
£581m pulled from equity funds in February
The latest Fund Flow Index from Calastone showed that outflows from global equity funds accelerated in February. The index showed the global mutual funds industry…
Guy Hands: Brexit threatens peace, damages UK
Veteran private equity boss Guy Hands of Terra Firma Capital Partners Limited has warned that Brexit has not only damaged the UK’s financial services industries…