Reuters (December 29)
“Big bank mergers are no longer taboo. Ever since the 2008 crisis bosses have considered consolidation between large lenders unworkable, while regulators deemed it undesirable. UBS (UBSG.S) Chief Executive Sergio Ermotti may change that if he safely and profitably absorbs local rival Credit Suisse.”
Tags: 2008 crisis, Big bank, Consolidation, Credit Suisse, Ermotti, Lenders, Mergers, Profitably, Regulators, Taboo, UBS, Undesirable, Unworkable
Investment Week (April 21)
“Following the collapse of Silicon Valley Bank and other US regional banks, as well as the turmoil around Credit Suisse, the banking sector has sat on wobbly ground in investors’ minds.” Depositors have “moved into treasuries and money market funds to avoid the risk that their bank could be next to fall.” As a result, the S&P Banks Select Industry index dropped 22.5% during March.
Tags: Banking sector, Collapse, Credit Suisse, Depositors, Investors, Money market funds, Regional banks, Risk, SVB, Treasuries, Turmoil, U.S., Wobbly
Mortgage News Daily (March 15)
“As of Tuesday, the global financial market was able to say it had gone ‘2’ days without a systemic banking contagion flare up. But that number dropped to ‘0’ in the overnight trading session as investors aggressively sold Credit Suisse stock.”
Tags: Aggressively, Banking contagion, Credit Suisse, Financial market, Flare up, Global, Investors, Overnight, Stock, Systemic, Trading session
Fortune (March 20)
“More than 30 companies are ‘digging in,’ defying public demands to exit Russia or reduce their activities in the pariah state.” The list compiled by Yale’s Jeffrey Sonnenfeld has been revised with five categories to better capture corporate presence in Russia: “withdrawal,” “suspension,” “scaling back,” “buying time,” and “digging in.” Included in the final category are “AstraZeneca, Credit Suisse, Emirates Airlines, Koch Industries, SC Johnson, and Subway, which has nearly 450 franchise locations in the country.”
Tags: 30 companies, AstraZeneca, Credit Suisse, Digging in, Emirates Airlines, Exit, Koch Industries, Pariah state, Public demands, Reduce, Russia, SC Johnson, Sonnenfeld, Subway, Yale
LA Times (September 11)
“America’s malls are dying. Owners are hoping virtual reality and fitness centers will save them.” As merchants increasingly withdraw in the face of e-tailers, Credit Suisse “recently predicted 20% to 25% of U.S. malls will shut down within five years…. To survive, malls need to set aside long-established models that rely on two or more anchor tenants to draw customers and, instead, develop a mixture of retail, entertainment and housing.”
Tags: Anchor tenants, Credit Suisse, Customers, Dying, e-tailers, Entertainment, Fitness, Housing, Malls, Retail, U.S., Virtual reality
Institutional Investor (February Issue)
“Over the past five years, as Barclays and Royal Bank of Scotland in the U.K., UBS and Credit Suisse in Switzerland and even Deutsche Bank have pared back their investment banking activities, U.S. banks have powered ahead in the European arena in just about every sector, including the all-important FICC and M&A advisory categories.”
Tags: Barclays, Credit Suisse, Deutsche Bank, FICC, Investment banking, M&A, RBS, Switzerland, U.K., U.S. Europe, UBS
