Posts tagged: Credit Suisse
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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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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Wednesday, 8 June 2022, 2:57 pm
State Street is planning a takeover bid to buy ailing Credit Suisse.
Well, that's according to Swiss title Inside Paradeplatz, which claims State Street is willing to pay 9 Swiss Francs a share for Credit Suisse. That's a whopping 40pc premium. Below is a link to the piece from Inside Paradeplatz:..
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Tuesday, 25 January 2022, 10:23 pm
Matthew Lynn, business commentator at Betaville's former employer The Sunday Telegraph, was at it again this weekend: making audacious predictions about potential megadeals this year...
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Saturday, 26 June 2021, 10:57 am
Hacks at Reuters are giving the Credit Suisse UBS merger rumours a fresh airing.
Yesterday the newswire wrote a piece suggesting the combination of the two Swiss banks is being studied, again. Below is the link:
https://www.reuters.com/business/fearing-predators-credit-suisse-seeks-new-look-or-even-merger-sources-2021-06-25/..
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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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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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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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Monday, 14 September 2020, 8:56 am
And one I forgot to add to today's Merger Monday list: a combination of rival Swiss banks UBS and Credit Suisse.
That's according to 'Inside Paradeplatz', a Swiss website I have never heard of...
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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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