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CS
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CoinShares Announces Q1 2024 Results: Achieving Its Most Successful Quarter in Company History
Q1 2024 Earnings Highlights: Revenue, gains, and other income increased by 216% YoY Over 4x YoY increase in adjusted EBITDA Total comprehensive income for the quarter ending 31st March 2024 increased by over 11x. The performance for Q1 marks the Group's strongest quarter ever. In March 2024, CoinShares completed the acquisition of Valkyrie's ETF business.
PR Newswire · 05/14 05:00
Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the "ETNs")
Credit Suisse announced expected coupon payments for the following ETNs on May 1, 2024. The Expected Current Yield is not indicative of future coupon payments on the ETNs. You are not guaranteed any coupon payment or distribution. The ETNs may not be suitable for all investors.
PR Newswire · 05/08 12:30
Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the "ETNs")
Credit Suisse announced expected coupon payments for the following ETNs on April 1, 2024. The Expected Current Yield is not indicative of future coupon payments on the ETNs. You are not guaranteed any coupon payment or distribution. The ETNs may not be suitable for all investors.
PR Newswire · 04/05 12:30
Credit Suisse Announces Expected Coupon Payments on Credit Suisse X-Links® Exchange Traded Notes (the "ETNs")
Credit Suisse announced expected coupon payments for the following ETNs on March 1, 2024. The Expected Current Yield is not indicative of future coupon payments on the ETNs. You are not guaranteed any coupon payment or distribution. The ETNs may not be suitable for all investors.
PR Newswire · 03/06 13:30
UPDATE 1-German ECB supervisor to head Swiss financial regulator
German Stefan Walter appointed chief executive of Swiss financial regulator FINMA. Walter has been with the ECB for a decade. He will take up his role on April 1. Walter held positions in risk supervision of euro zone banks and systemic bank supervision at the ECB. He takes on the role at a crucial time for the regulator.
Reuters · 01/24 12:07
Climate tech venture firm ArcTern raises $335 mln for third fund
Climate tech venture firm ArcTern raises $335 mln for third fund. Backers include TD Bank, Church Pension to focus on areas including clean energy, transport. Toronto-basedArcTern Ventures aims to back renewable energy, clean transport and other industries addressing climate change. Climate tech demand to invest fell 40% in 12 months to September.
Reuters · 01/22 12:30
UPDATE 1-UBS chairman sees possible 'upside' to bank's return on equity target
UBS chairman sees possible 'upside' to bank's return on equity target of 15% exit ROE at end of 2026. Colm Kelleher says bank has given a 15% target for its merger with Credit Suisse. Switzerland's largest bank says it will announce three year strategic plan in February.
Reuters · 01/17 09:05
MOVES-Alantra hires former Credit Suisse banker for financial institution coverage -memo
Spanish investment bank and asset manager Alantra hires former Credit Suisse banker for financial institution coverage. Patrick Porritt will be based in London. Spanish company moved its investment bank headquarters from Madrid to London last year to get better access to top talent. Also hires Pierre-Alain Rikkers from Teneo to cover technology deals.
Reuters · 01/16 16:17
UPDATE 2-UBS picks Australian banking executive to help steer Credit Suisse merger
UBS picks Australian banking executive Gail Kelly to help steer Credit Suisse merger. Kelly was previously chief executive at St George Bank and Westpac Bank Corporation in Australia. The appointment could help UBS as it integrates the two banks following its takeover last year. Kelly's experience in the Asia-Pacific region could also be helpful to UBS.
Reuters · 01/12 10:05
UPDATE 1-UBS nominates Australian banking executive to board
UBS appoints Australian banking executive Gail Kelly to its board. Kelly was previously chief executive at St George Bank and Westpac Bank Corporation in Australia. UBS is currently integrating Credit Suisse following its takeover last year. Longest serving UBS director to stand down after eight years on board.
Reuters · 01/12 06:14
UPDATE 1-Archegos founder Hwang seeks sanctions over prosecutors' 'grave failure' on data
Archegos founder Bill Hwang seeks sanctions over prosecutors' 'grave failure' on data. He says prosecutors failed to produce 14 gigabytes of trading data for 17 months. Hwang is the founder of the once-$36 billion private investment firm that collapsed in 2021. Prosecutors call Hwang's motion an attempt at gamesmanship.
Reuters · 01/09 00:07
Archegos founder Hwang seeks sanctions over prosecutors' 'grave failure' on data
Archegos founder Hwang seeks sanctions over prosecutors' 'grave failure' on data. Bill Hwang is the founder of the once-$36 billion private investment firm that collapsed in 2021. He says prosecutors failed to produce huge quantities of trading data for 17 months.
Reuters · 01/08 21:08
Swiss financial watchdog wants to examine clawing back bankers' bonuses
Swiss financial watchdog wants to examine clawing back bankers' bonuses. Switzerland's financial regulator wants to discuss the ability to claw back bonuses from bankers. FINMA has demanded stronger powers following the fall of Credit Suisse and sale to UBS. The regulator has previously said it wants stronger powers to oversee lenders.
Reuters · 12/30/2023 12:49
UPDATE 1-European shares rise on last trading day of the year, set for annual gain
European shares rise on last trading day of the year, set for annual gain. Pan-European STOXX 600 up 0.3% on Friday, on track for its seventh straight weekly gain. The index is set for a 13% rise for the year. Media and energy companies among the top gainers. Spain's 12-month inflation rate at 3.1% in Dec.
Reuters · 12/29/2023 09:34
BREAKINGVIEWS-Mega-bank M&A goes from impossible to imaginable
UBS will prove otherwise if it safely and profitably absorbs Credit Suisse. Imitators will get the same sweet deal, but targets like SocGen and Barclays at least come cheap. After 2008, CEOs saw investment-bank deals as risky, but now they are possible.
Reuters · 12/28/2023 08:36
UPDATE 1-Morgan Stanley's outgoing CEO says markets will take off after rate cuts- FT
Morgan Stanley's outgoing CEO James Gorman says markets will take off after rate cuts, says FT. Gorman will step down as CEO of the company on Jan. 1. He says financial markets will "take off" once investors are sure Federal Reserve has finished raising interest rates.
Reuters · 12/22/2023 06:04
PRESS DIGEST- Financial Times - Dec 21
Warner Bros Discovery and Paramount in early talks to merge. Orsted to press ahead with world's largest offshore wind farm in North Sea. UK to sign post-Brexit financial services deal with Switzerland. Warburg Pincus teams up with Horta-Osorio on 6 bln euros bid for telecoms assets.
Reuters · 12/21/2023 00:34
BREAKINGVIEWS-Cevian’s ‘relaxivism’ can succeed at UBS
Cevian Capital has bought shares worth 1.2 billion euros in Swiss wealth manager UBS. The activist investor is happy to let UBS’s management team execute its strategy. Cevian started investing in UBS following its state-sponsored acquisition of rival Credit Suisse. The Swiss bank's scale merits a valuation equivalent to Morgan Stanley or Julius Baer.
Reuters · 12/19/2023 12:55
UPDATE 3-Activist Cevian takes 1.3% stake in UBS, bets shares may double in value
Activist investor Cevian Capital takes 1.3% stake in UBS, bets shares may double in value. UBS shares have risen by 47% this year after takeover of Credit Suisse. The stock has the potential to reach 50 francs, Cevan says. The activist is seeking a board seat at UBS.
Reuters · 12/19/2023 06:30
MOVES-Wells Fargo names Terrell as investment banking vice chairman of CIB unit
Frederick Terrell will join the lender's corporate and investment bank as vice chairman of investment banking. Terrell joins from Centerbridge Partners. He will be based in Los Angeles and focus on West Coast clients. He has 40 years of experience at Credit Suisse and Wells Fargo.
Reuters · 12/14/2023 15:03
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About CS
Credit Suisse Group AG (Credit Suisse) is a financial services company. The Company's segments include Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, Investment Banking & Capital Markets, Strategic Resolution Unit and Corporate Center. It offers a range of private banking and wealth management solutions to its clients in its Swiss Universal Bank, International Wealth Management and Asia Pacific divisions. It offers a range of investment advice and discretionary asset management services. It offers a range of investment services, including macroeconomic, equity, bond, commodity and foreign-exchange analysis, as well as research on the economy. Its investment advice covers a range of services from portfolio consulting to advising on individual investments. The Company offers its clients portfolio and risk management solutions, including managed investment products.