Oyster Shed: Jeremy Clarkson’s Hawkstone helps pub chain Young’s to biggest day of takings in 200 years
UBS veteran James Palmer appointed EMEA investment bank vice chairman October 17, 2018 UBS veteran James Palmer has been appointed vice chairman of EMEA investment banking and capital markets at Credit Suisse. Palmer will be based in the Swiss banking giant's London office and focus on revenue generation across all product groups, according to an internal memo seen by City A.M. and confirmed by a company spokesperson. Read more: [...]
Lyft onboards JP Morgan, Credit Suisse and Jefferies to lead its IPO October 17, 2018 US ride-hailing firm Lyft has hired JP Morgan, Credit Suisse and Jefferies as underwriters for its upcoming initial public offering (IPO), slated for an early 2019 debut. A source familiar with the matter told Reuters late last night that the three banks have been brought on board to lead the listing, after Morgan Stanley and Goldman [...]
Supermarket chain announces $300m London float plans in first overseas Belarusian listing October 11, 2018 Grocery chain Eurotorg today announced plans to float on the London Stock Exchange in what would be a first overseas listing for a Belarusian business. Eurotorg is the largest grocery chain in Belarus with a market share of approximately 19 per cent of the food retail market. The float will mark the first overseas listing [...]
Credit Suisse blasted by Swiss watchdog for corruption failings September 17, 2018 Credit Suisse has been slammed by the Swiss banking watchdog for “deficiencies” in its anti-money laundering procedures in connection with suspected corruption at football body FIFA. Swiss Financial Market Supervisory Authority (Finma) said today it had concluded two enforcement procedures against the bank. The first uncovered “deficiencies in the bank’s adherence to anti-money laundering due [...]
Tidjane Thiam points Credit Suisse to private banking as profits jump July 23, 2015 Credit Suisse’s new chief executive Tidjane Thiam said yesterday that the bank would place greater emphasis on private banking and wealth management after it comfortably beat market expectations in the second quarter. “We want to rebalance towards private banking and wealth management… as opposed to the investment bank,” Thiam told CNBC. Switzerland’s second biggest bank [...]
Banks in scramble for Barclays’ coveted broking ticket as Deutsche and Credit Suisse invited to re-pitch May 27, 2015 Barclays, the international London-based bank led by Antony Jenkins, has decided to put its broking mandate up for review after four years. The group is currently served by Deutsche and Credit Suisse as joint brokers. A source close to the bank, which is valued at around £45bn, said yesterday the decision to look for new [...]
Credit Suisse smashes expectations in first quarter April 21, 2015 The figures Credit Suisse smashed forecasts in the first quarter with net profits up 23 per cent to SFr1.054bn (£740m) with its private bank providing a boost to the bottom line. Analysts had expected that to come in at between SFr900m and SFr1bn Swiss francs for the first three months to the end of March. Net [...]
Tidjane Thiam quits Prudential for Credit Suisse: The exit of a chief exec who defied the odds March 10, 2015 Back in 2010, you would never have expected Tidjane Thiam to receive this reaction on his departure from Prudential. An ill-fated acquisition bid left shareholders fuming – the attempt to buy AIA for £21bn saw the insurer lose £373m and Thiam took the blame. On top of that, the Financial Services Authority (FSA) censured him, fining [...]
Credit Suisse faces shake up under new boss Tidjane Thiam March 10, 2015 Credit Suisse is braced for major changes to its investment banking units, as shareholders welcomed the appointment of Prudential boss Tidjane Thiam as chief executive. The incoming boss gave few clues as to his plans at a press conference yesterday, but is expected to cut back investment banking and focus on the traditional core of [...]
Prudential share price slides despite profit rise as Tidjane Thiam prepares move to Credit Suisse March 10, 2015 The numbers Prudential has reported a profit before tax of £2.6bn for 2014 – 60 per cent up from the previous year. Operating profit rose 14 per cent to £3.1bn. The company's full year dividend climbed by 10 per cent to 36p per share. The Pru's capital surplus is estimated to stand at £4.7bn. Why it's [...]