Swiss regulator defends $17bn bond wipeout
Switzerland’s financial market regulator FINMA has defended its decision to impose huge losses on some of Credit Suisse bondholders — arguing that the decision was legally…
March 2023
Brookfield buys out KKR at X-ELIO, Spanish solar firm
Investment firm KKR said it agreed to sell its 50% stake in Spanish renewable energy company X-ELIO to its joint venture partner Brookfield Renewable of…
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
Credit Suisse said on Thursday it will borrow up to $54 billion from Switzerland’s central bank to shore up liquidity and investor confidence — and help…
Volkswagen to invest €180bn in electric push
Volkswagen said it plans to invest €180 billion over five years — with 68% of the money injected into the “future fields” of digitization and electrification….
£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…