Credit suisse investment banking

Account icon An icon in the shape of a person's head and shoulders. It often indicates a user profile. • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • All • A-Z • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • Featured • • About • • • • • • • • Follow • • • • • • • • Subscriptions • • • UBS just reshuffled its leadership ranks after completing its rescue takeover of Credit Suisse. • Only six CS execs were tapped for IB and wealth leadership roles at the newly combined bank. • Insider breaks down the top leaders of Switzerland's biggest bank and their new roles. Credit Suisse may be gone, but some of the investment bank's highest-ranking executives will continue to make deals and pull levers at the top of Switzerland's biggest bank. On Monday, UBS completed its UBS executives continue to reign supreme at the top of the newly combined firm — but some Credit Suisse veterans were tapped for high-profile roles, including Yves-Alain Sommerhalder, who was once Credit Suisse's high-ranking wealth management exec, and Michael Ebert, former co-head of markets. More than a fifth of the 160 leadership positions in the combined bank now hail from Credit Suisse, a person familiar with the transition told Insider. The merger between Credit Suisse and UBS creates a new Swiss banking behemoth with $1.7 trillion in assets. It's the banking industry's largest tie-up since the 2008 financial crisis and marks the end of C...

Credit Suisse bosses hope investors will green-light plans to raise 4bn Swiss francs (£3.5bn), including 1.5bn Swiss francs from the Saudi National Bank (SNB), next month. The move would give the Saudi bank a 9.9% shareholding, making it the second-largest investor behind US investment group Harris Associates. Credit Suisse’s share price fell 12% after the announcement. Read more Switzerland’s second-largest bank said it was shedding 2,700 full-time staff, accounting for about a third of its planned cuts and a fifth of its 52,000 global employees. It expects the total staff base to shrink to 43,000 by the end of 2025, through a mix of further job cuts and natural attrition, meaning it will not replace staff when they leave the bank. The lender did not confirm how many of its 5,500 UK staff could be affected. “This is a historic moment for Credit Suisse,” Körner said. “We are radically restructuring the investment bank to help create a new bank that is simpler, more stable and with a more focused business model built around client needs.” The restructuring plans – which will put more focus on the bank’s asset management division for wealthy clients – are expected to cost about 2.9bn Swiss francs over the next three years. That will be funded by dumping some of its investments, selling portions of its business, and raising fresh money from investors. The Saudi National Bank said it planned to take part in the fundraising to “support the establishment of an independent invest...

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Credit Suisse Group AG rehired health-care mergers and acquisitions banker Nikhil Goel, according to people with knowledge of the matter. Goel, who is based in New York, is set to rejoin the Swiss lender as a managing director, reporting to global co-head of M&A Steve Geller, the people said, asking not to be identified because the hiring isn’t yet public.

• Credit Suisse, the second-largest bank in Switzerland, collapsed in March 2023 and was bought by rival UBS for 3 billion CHF (about $3.3 billion USD). • Credit Suisse faced numerous scandals in recent years, including a spying scandal, the collapse of two investment funds in which the bank was heavily involved, and a rotating group of executives. • Immediately prior to Credit Suisse’s collapse, two U.S. banks—Silicon Valley Bank and Signature Bank—also collapsed, sending shock waves through the global financial system. • UBS plans to sell off parts of Credit Suisse in the coming months and years. • The impact on Switzerland’s reputation as a global banking hub and a stable financial center may be significant. About Credit Suisse As of the end of 2021, Credit Suisse had In 2021, amid the pandemic, the collapse of the U.S. family investment fund Archegos Capital and British finance firm Greensill Capital triggered a pretax loss of close to $1 billion for Credit Suisse. Following the collapse of Archegos, Credit Suisse’s investment bank CEO and chief risk and compliance officer left the company. An independent investigation of Credit Suisse’s role in the Archegos scandal found that the bank had failed to “effectively manage risk,” but suggested that no fraudulent or illegal conduct occurred. One of the final developments prior to UBS’ purchase of Credit Suisse was the collapse of U.S. banks Silicon Valley Bank and Signature Bank in early March 2023. They prompted the U.S. g...

NEW YORK, Oct 28 (Reuters) - Credit Suisse Group's The unit will be carved out of the Swiss lender. "Over time, CS First Boston’s structure will evolve to become an independent standalone investment bank, enabling it to attract third party capital and include employee ownership," Miller wrote. The move to become "an M&A boutique with capital markets expertise" will start immediately, he wrote. The Swiss investment banking and capital markets business will be moved to the company's Swiss Bank to offer services in its home market, according to the memo. Credit Suisse The company's plan to scale back its investment bank and reallocate capital to its global wealth management business will involve substantial execution risk, according to Fitch Ratings. However, if the restructuring is successful, it could make Credit Suisse's earnings less volatile, Fitch said. The bank has traditionally allocated a bigger share of capital to investment banking than its global peers, according to the ratings agency. Ken Hao, chairman and managing partner of private equity firm Silver Lake, said it looks forward to working with CS First Boston. "We have worked with the team at CS First Boston for many years, and they have provided innovative financing solutions for Silver Lake portfolio companies such as Dell, Alibaba and Broadcom," he told Reuters via email. CS First Boston will maintain strong ties to Credit Suisse Group, according to the memo. The unit will work with the Swiss bank's markets ...