There’s little point asking anyone in Sydney and Melbourne - and we doubt anyone in Zurich has thought too much about it.
Fortunately - or unfortunately - Credit Suisse’s local top brass, headed by country head for the past 3½ years Richard Gibb, were already booked to head to Hong Kong this week for the bank’s annual Asia Investment Conference. The conference should give the bankers a chance to eyeball their offshore bosses, and try to fill the information vacuum back home. They’ll have talking points about the Australian team’s performance ready to go, and why it’s historically been a happy hunting ground for the global bank.
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UBS in talks to buy embattled Credit Suisse, FT saysUBS Group is in discussions to take over all or part of Credit Suisse after an emergency funding lifeline failed to restore investor confidence in the smaller Swiss bank.
Source: FinancialReview - 🏆 2. / 90 Read more »
UBS explores takeover of embattled Credit SuisseSwiss officials are pushing UBS Group to consider an acquisition of all or parts of Credit Suisse, after a rout in its smaller rival sent shock waves across the global financial system this week.
Source: FinancialReview - 🏆 2. / 90 Read more »
Why the Credit Suisse-UBS deal simply must get doneGlobal markets can’t afford for the takeover talks between UBS and stricken Swiss rival Credit Suisse to fail. i kNoW! lEts cReaTe aN eVeN biGgEr gLoBaL mOnStEr tHaT iS tOo biG tO fAiL! gEniUs!
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Credit Suisse: Societe General, Deutsche Bank among banks limiting trades with Credit SuisseThe restrictions add to the Swiss bank’s problems as it tries to restructure operations and find its footing after a series of costly scandals. Hmm..time to call in Fred Goodwin to turn this beast around.
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Credit Suisse: BlackRock dealmaker joins talks for UBS to buy rival as it seeks $9 billion in guaranteesPhilipp Hildebrand, a former head of the Swiss central bank, is involved in the talks; the Swiss government wants to fast-track the UBS takeover of Credit Suisse, the Financial Times says; the bank’s investment arm is said to be the sticking point in talks so far. Follow the latest here. Deutsche...lol.
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‘Credit is the lifeline of the financial system’: Professor WuUniversity of Sydney's Head of Business and Finance Professor Eliza Wu says “credit is the lifeline” of the financial system and providing reliable credit throughout the economy fuels innovation and business performance. “Credit is the lifeline of the financial system so, of course, we want banks to be safe and sound and to be able to do their special job of providing credit throughout the economy,” Ms Wu told Sky News Business Editor Ross Greenwood. “That can fuel innovation, business activity and strong economic performance.” It was Jesus who expelled the Jewish money lenders from the temples..... One person's investment is another person's debt. Better to self-credit through your own savings. Having skin in the game will also make you better at what you do.
Source: SkyNewsAust - 🏆 7. / 78 Read more »