Posts tagged: Credit Suisse

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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Bears circle HSBC - Part 2

Friday, 9 April 2021, 8:22 pm

For those of you who read Betaville's recent story about HSBC and began thinking about switching bank (I have to admit I was one of them) you can rest easy - for now.

According to people following the bear tale, there isn't much of a tale after all despite some rather fruity allegations being aired.

So, that's one bank the market doesn't have to worry about for the moment.

Meanwhile, over at Credit Suisse.....

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Credit Suisse or is it UBS Credit? - Part 2

Saturday, 5 December 2020, 3:44 pm

Rumours about a merger of the two Swiss investment banking giants - Credit Suisse and UBS - rumble on thanks to, er, the banks' top executives.

You might recall in late Summer a little known 'Inside Paradeplatz' revealed UBS and Credit Suisse held taks about a mega merger. The story was then swiftly followed by the venerable Financial Times...

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Credit UBS or is it UBS Credit?

Wednesday, 23 September 2020, 2:27 pm

Two weeks ago 'Inside Paradeplatz' revealed UBS and Credit Suisse held taks about a mega merger. That story was then swiftly followed up by the likes of the venerable Financial Times, suggesting there was something to it. ..

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Blair banker poised to depart from Credit Suisse - sources

Thursday, 21 May 2020, 4:56 pm

Betaville understands Russell Chambers, the rainmaker once dubbed "Tony Blair's favourite banker", is set to finally leave Credit Suisse.

Chambers - who hit the headlines in 2004 inviting Blair onto his yacht off Barbados in 2004 and lending the former British PM his swimming truncks - is preparing to leave the Swiss bank in June, said people with knowledge of the situation...

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