Posts tagged: Credit Suisse

UBS in talks to merge with Credit Suisse, reveals the Financial Times - Part 2

Monday, 20 March 2023, 7:55 am

The formal details of UBS's takeunder of Credit Suisse are below:

https://www.ubs.com/global/en/media/display-page-ndp/en-20230319-tree.html

Hat tip to hacks at the Financial Times who led the reporting of the merger talks over the weekend with a series of scoops.

Will this be enough to stem the fear ripping through the banking sector in Europe and the US?..

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BlackRock working on rival Credit Suisse takeover bid, reveals the Financial Times - Part 2

Sunday, 19 March 2023, 10:15 am

So, BlackRock denied yesterday it is looking at Credit Suisse following the report from the Financial Times.

As usual the denial is mealy mouthed because up until the venerable FT revealed BlackRock's interest the giant investment house was looking at some or all of Credit Suisse (BlackRock was "informally" working with bankers from Perella Weinberg to advise on the transaction, according to the Financial Times)...

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BlackRock working on rival Credit Suisse takeover bid, reveals the Financial Times

Saturday, 18 March 2023, 10:42 am

Hacks at the FT are on a hot streak.

The reporting team have just revealed another twist in the Credit Suisse takeover tale - the mammorth money manager BlackRock, led by Larry Fink, is working a rival takeover bid for the Swiss bank. Below is the link to the mega scoop:

https://www.ft.com/content/6319e205-d688-4521-b048-8d69a2c40847..

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UBS in talks to merge with Credit Suisse, reveals the Financial Times

Saturday, 18 March 2023, 9:27 am

At least Bill Ackman was kind enough to keep his mouth shout long enough for the Financial Times to publish their mega scoop about UBS holding talks about merger with Credit Suisse.

Hat tip to the reporting team at the venerable Financial Times for landing that scoop. Below is a link to it:

https://www.ft.com/content/17892f24-4ca0-417f-9093-289b019a0852..

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Bob Diamond said to eye Credit Suisse banking bid, reveals The Sunday Times - Part 2

Monday, 5 December 2022, 11:46 pm

Buccaneering Bob Diamond is facing some stiff competition for Credit Suisse's new (or old) CS First Boston unit.

According to hacks at the Wall Street Journal, Crown Prince Mohammed bin Salman is considering an investment of around $500 million to back the new Credit Suisse unit and its boss Michael Klein, the veteran dealmaker. Below is a link to the WSJ tale:..

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Bob Diamond said to eye Credit Suisse, reveal GlobalCapital and The Sunday Times

Sunday, 4 December 2022, 9:43 am

It's been quite a while since Betaville has seen David Rothnie's by-line appear on the front pages of the business section of a British national newspaper.

But today Rothnie - former investment banking editor at Financial News - turned up with a stunning tale about Bob Diamond weighing an offer for Credit Suisse's dealmaking advisory unit, which is now called CS First Boston...

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State Street said to eye Credit Suisse takeover bid, reports Inside Paradeplatz - Part 3

Friday, 10 June 2022, 5:21 pm

Some mixed messages coming through from one of Credit Suisse's largest shareholders - veteran American investor David Herro of Harris Associates.

Yesterday, he told hacks at Financial News asked Herro, who is third largest shareholder in Credit Suisse, if he would support a State Street takeover. He told the newspaper backing any bid “all depends on price. For the right buyer [or] price, we would be supportive”. Below is the link to the piece:..

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State Street said to eye Credit Suisse takeover bid, reports Inside Paradeplatz - Part 2

Thursday, 9 June 2022, 2:50 pm

The boss of Credit Suisse is pouring a large bucket of cold water on Inside Paradeplatz's tale about a sale to State Street, the US-listed custody giant.

And the powerful media organisations are eating up. Indeed, the Wall Street Journal is reporting that Thomas Gottstein effectively called the Inside Paradeplatz story "stupid" at a Goldman Sachs conference today. Below is a link to the story with the full quotes:..

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