Benzinga

APRIL 5, 2023

When UBS AG (NYSE: UBS ) agreed to acquire Credit Suisse Group AG (NYSE: CS ) for $3.2 Related: Hefty Credit Suisse Bailout Costs $13,500 Per Person In Switzerland. UBS executives told shareholders. billion , the deal angered shareholders and many in Switzerland.

Marketability 98

Marketability 98

Benzinga

MARCH 20, 2023

UBS Group AG (NYSE: UBS ) shares jumped Monday morning after the bank's Sunday agreement to buy Credit Suisse Group AG (NYSE: CS ) for $3.25 On Monday, one analyst said the Credit Suisse acquisition makes UBS an attractive investment.

Banking 97

Banking 97

Financial Times M&A

OCTOBER 10, 2023

Plus, Warburg Pincus sticks to its buyout roots and the UBS/Credit Suisse lawsuits pile up

95

95

Law 360 M&A

MARCH 20, 2024

The Swiss financial markets regulator said Wednesday it plans 40 on-site supervisory reviews at UBS AG in Switzerland and abroad and two in-depth stress tests in 2024 to assess the result of the bank's merger with Credit Suisse last year.

Banking 52

Banking Marketability 52

The Guardian M&A

APRIL 2, 2023

Inquiry to focus on whether emergency state-backed UBS takeover breached criminal law Switzerland’s federal prosecutor has launched an investigation into whether last month’s state-backed takeover of the stricken bank Credit Suisse by its bigger rival UBS broke Swiss criminal law. Continue reading.

Banking 71

Banking 71

Benzinga

MARCH 20, 2023

Saudi National Bank has reportedly confirmed significant losses amid Credit Suisse Group Inc (NYSE: CS ) failure, and UBS AG (NYSE: UBS ) stepped into buying the Swiss bank for $3.2 stake in Credit Suisse, having invested CHF 1.4 The Riyadh-based bank holds a 9.9% billion ($1.5 per share.

Banking 52

Banking Marketability 52

Law 360 M&A

JUNE 4, 2023

UBS Group AG said Monday that it expects to complete its 3 billion Swiss francs ($3.3 billion) takeover of Credit Suisse as early as June 12, as criticism and lawsuits against the deal mount.

52

52

Law 360 M&A

JUNE 11, 2023

UBS Group AG said on Monday that it has completed its 3 billion Swiss francs ($3.3 billion) takeover of Credit Suisse Group AG, creating a combined entity that could take a $17 billion financial hit and will inherit a growing number of lawsuits.

52

52

Business Wire M&A

MAY 16, 2023

UBS filed today Amendment 1 to the registration statement, which inc

52

52

Valutico

MARCH 28, 2023

UBS Group AG Weekly Valuation – Valutico | 28 March 2023 Link to the valuation Context In recent days, the financial markets have experienced increased turmoil, causing growing concerns about financial stability. However, this has put pressure on banks, including Credit Suisse, a globally systemically important bank.

Banking 52

Banking Dividends Equity Marketability 52

Business Wire M&A

MARCH 19, 2023

ZURICH & BASEL, Switzerland--(BUSINESS WIRE)--Regulatory News: Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules UBS (NYSE:UBS) (SWX:UBSN) plans to acquire Credit Suisse. It will further strengthen UBS’s position as the leading Swiss-based global wealth manager with more than USD 3.4

52

52

Law 360 M&A

MAY 17, 2023

UBS Group AG said in a securities filing it was pressured into buying Credit Suisse Group AG with limited due diligence in a bid to calm markets in March, and warned the deal could result in significant litigation.

Marketability 40

Marketability 40

Law 360 M&A

JULY 6, 2023

Saudi Arabia plans to launch a multibillion-dollar investment company to expand its sports interests, UBS plans to avoid using a $10 billion tax-funded backstop to support its rescue of Credit Suisse, and fashion retailer Shein has tapped investment banks to explore an IPO.

Banking 40

Banking 40

Brian DeChesare

MARCH 22, 2023

Before delving in, though, I want to start with the elephant in the room: I was partially wrong ~5 months ago when I wrote about Credit Suisse, UBS, and Deutsche Bank, and whether they would become Lehman Brothers 2.0. Why did UBS just acquire CS for less than $1.00 UBS and Credit Suisse: What Happened?

Banking 85

Banking Start-ups Corporate Finance Marketability 85

Reynolds Holding

MAY 11, 2023

Credit Suisse (CS) was sold to UBS on March 19, 2023, to avoid its further deterioration from long-lasting distress and widespread distrust, especially after the collapse of Silicon Valley Bank. They also argue that the actions of the Swiss authorities with regards to the sale of CS to UBS can be qualified as a bail-out.

Banking 59

Banking Equity Book Value Treasury 59

Brian DeChesare

NOVEMBER 22, 2023

But the events of 2023, including the UBS acquisition of Credit Suisse and the rise of firms like Wells Fargo, Jefferies, and RBC, have shaken up the traditional list. What About Deutsche Bank and UBS? The end of Credit Suisse in 2023 means that it’s no longer on this list. What is a “Bulge Bracket Bank”?

Banking 97

Banking Start-ups Finance Equity 97

Reynolds Holding

APRIL 16, 2023

Against this background, one would have expected that the write-down of the Additional Tier 1, or AT1, bonds in the Credit Suisse (CS) bailout would not have happened without its shareholders also being wiped out. [1] 1] But the unexpected did happen: The bonds were written down, and CS’ shareholders received UBS shares worth $3.25

Banking 75

Banking Equity Finance Marketability 75

Audit Board

JULY 5, 2023

The collapse of Silicon Valley Bank in the United States followed by the emergency takeover of Credit Suisse by UBS in Europe earlier this year are reminders that economic disruption is not going away anytime soon. Resilience in Times of Crisis: How has the Past Shaped the Present?

Banking 52

Banking Finance Marketability 52

Brian DeChesare

DECEMBER 21, 2022

Q: Now that the Credit Suisse investment banking division is being spun off , will CS no longer be considered a bulge bracket? A: Once the spin-off is complete, I expect that Credit Suisse (or “First Boston”) will be classified as an elite boutique rather than a bulge bracket bank. Bank, School, Dragon, and TV Rankings.

Banking 80

Banking Start-ups Finance EBITDA 80

NYT M&A

AUGUST 31, 2023

The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.

Mergers & Acquisitions 82

Mergers & Acquisitions Banking 82

Benzinga

APRIL 3, 2023

Bloomberg UBS Prepping For Massive Layoffs Amid Credit Suisse Takeover UBS Group AG (NYSE: UBS ), which agreed to buy peer Credit Suisse AG (NYSE: CS ) in a central-bank-brokered deal, is preparing to eliminate about 20 to 30% of jobs worldwide. as the burger chain prepares for corporate layoffs.

Marketability 52

Marketability Banking 52

NYT M&A

AUGUST 31, 2023

The Swiss bank’s sharply discounted takeover of Credit Suisse led to a paper gain that gave it the biggest quarterly profit by a bank in history.

Banking 76

Banking Mergers & Acquisitions 76

Brian DeChesare

DECEMBER 7, 2022

Others, such as Citi, Credit Suisse (or whatever it is spun off into…), and Bank of America, also perform well but tend to rank below GS/MS/JPM in terms of pure deal volume. For example, UBS is still quite strong in Hong Kong and greater Asia, while it has faded elsewhere; the same applies to firms like CS and HSBC.

Banking 52

Banking Equity Start-ups Finance 52

Brian DeChesare

MARCH 2, 2022

. – many students “miss” the process or start too late to have a good chance. And in other regions, timing differences for degrees and gap years mean that not everyone can complete internships in the traditional time frame. Unfortunately, this topic is tricky to discuss because “off-cycle” means something different in Europe vs. the U.S.

Banking 59

Banking Start-ups Finance Equity 59

NYT M&A

MARCH 19, 2023

In a deal brokered by the Swiss government, Switzerland’s largest bank will buy its smaller rival for about $3.2 billion.

Banking 98

Banking Marketability Mergers & Acquisitions 98

Brian DeChesare

JANUARY 19, 2022

If you want a complete list of firm types covered by FSG, Houlihan Lokey’s page has a nice summary: private equity, credit managers, family offices, general partners, hedge funds, pension funds, sovereign wealth funds, and special situation investors. What Do You Do as an Analyst or Associate in the Financial Sponsors Group?

Private Equity Firm 72

Private Equity Firm Banking Equity Finance 72

Reynolds Holding

NOVEMBER 3, 2022

My thanks to the Practising Law Institute and the 54 th Annual Institute on Securities Regulation. As is customary, I’d like to note that my views are my own, and I am not speaking on behalf of my fellow Commissioners or the SEC staff. Today, I am going to focus on that final pillar: enforcement. We obtained judgments and orders totaling $6.4

Marketability 49

Marketability Banking Compliance 49

The Guardian M&A

MARCH 19, 2023

The Bank of England will not object to UBS taking over fellow Swiss lender Credit Suisse as soon as this weekend, according to reports, amid a frantic race to stave off a crisis with echoes of the 2008 global banking crash.

Banking 75

Banking 75

NYT M&A

MARCH 29, 2023

Sergio Ermotti, who left in 2020, will rejoin UBS as it absorbs Credit Suisse, which faces new accusations that it violated a tax evasion plea agreement.

Mergers & Acquisitions 57

Mergers & Acquisitions Banking 57

NYT M&A

MARCH 19, 2023

Among the funds to bet on the rescue deal were two that specialize in buying the bonds of companies on the brink of bankruptcy.

Mergers & Acquisitions 63

Mergers & Acquisitions Banking 63

NYT M&A

APRIL 24, 2023

It was eventually forced to sell itself to a rival, UBS. Clients hurried to withdraw money as the Swiss bank faced collapse last month.

Banking 63

Banking Mergers & Acquisitions 63

Brian DeChesare

AUGUST 10, 2022

With the possible exception of FIG , oil & gas investment banking generates the highest number of panicked emails and questions. Historically, these panicked questions were usually variations of: “Will I get pigeonholed? I don’t want to be stuck in oil & gas forever. How do I move around? petroleum or geophysical engineering).

Banking 82

Banking EBITDA Dividends Equity 82

The Guardian M&A

MARCH 29, 2023

Sergio Ermotti, who stepped down in 2020, will rejoin Swiss bank as it prepares to absorb troubled rival The Swiss bank UBS has announced the surprise return of Sergio Ermotti to oversee the takeover of its rival Credit Suisse, amid global concerns over the stability of the banking industry. Continue reading.

Banking 52

Banking 52

Reynolds Holding

JUNE 8, 2023

problems and the failure of Credit Suisse in Switzerland are forcing a reevaluation of banking regulation and resolution processes in Europe, as well. The runs on Silicon Valley Bank (SVB) and Signature Bank in March 2023 created a “very high” risk of contagion in the U.S. banking system, according to Treasury Department officials.

Banking 40

Banking Equity Private Equity Firm Marketability 40

Brian DeChesare

MAY 10, 2023

If you look at the M&A league table for Southeast Asia, you’ll see the expected names: Morgan Stanley, Citi, BofA, JP Morgan, Credit Suisse (now acquired by UBS), and so on. People who want to work in Asia but have no chance of winning an offer in Hong Kong and see Singapore as their “Plan B” option.

Banking 94

Banking Start-ups Equity Marketability 94

Brian DeChesare

OCTOBER 5, 2022

Over the past week, there has been a ton of speculation on social media that Credit Suisse – and possibly also Deutsche Bank or UBS – is about to have its “Lehman Brothers” moment. Credit default spreads have hit record highs. Credit default spreads have hit record highs. There are also bank-specific factors.

Banking 128

Banking Start-ups Equity Compliance 128

Reynolds Holding

NOVEMBER 15, 2022

The Securities and Exchange Commission today [November 15] announced that it filed 760 total enforcement actions in fiscal year 2022, a 9 percent increase over the prior year. These included 462 new, or “stand alone,” enforcement actions, a 6.5 These included 462 new, or “stand alone,” enforcement actions, a 6.5

Compliance 45

Compliance Marketability Technology Alpha 45