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☆ In Latin America, a New Frontier for Women: Professional Softball in Mexico
▼ + stars: | 2024-02-25 | by ( James Wagner | Marian Carrasquero | ) www.nytimes.com time to read: +1 min

In many parts of Latin America, baseball is a popular and well-established sport with men’s professional leagues in Mexico, the Dominican Republic and Venezuela, among others. But women wanting to play baseball’s cousin — softball — professionally had only one option: to leave. In what is believed to be a first in Latin America — a region where men often have more opportunities than women, particularly in sports — a professional women’s softball league has started in Mexico. On Jan. 25, when the inaugural season began, 120 women on six teams got to call themselves professional softball players, many for the first time. “Before, there wasn’t even a question of, ‘Should there be a professional sport for women?’ It was a given that it didn’t exist.

Persons: ”, Stefania Aradillas Organizations: Diablos Locations: America, Mexico, Dominican Republic, Venezuela, United States, Japan, Mexico City

☆ Milan Fashion Week: This is what men will be wearing next fall
▼ + stars: | 2024-01-17 | by ( Scarlett Conlon | ) edition.cnn.com time to read: +7 min

This yellow coat and matching hat channeled fisherman chic at SS Daley. Giovanni Giannoni/WWD/Getty ImagesA seafaring element was evident in the collection at Emporio Armani too. To complement the sleek lines of suits came long coats in fine wool and leather that were part “Bladerunner,” part “Matrix” and part ode to the 1990s. The brooch is back, pinned to lapels at S.S. Daley, Magliano, Emporio Armani and Dolce & Gabbana. Functional, useful and classic, as above at Emporio Armani, were the key themes of the season in Milan.

Persons: Milan, Miuccia Prada, Raf Simons, Simons, officewear, Victor Virgile, ”, Daley, Giovanni Giannoni, Emporio Armani, Steven Stokey Daley, Harry Styles, Silvia Venturini Fendi, Anne, Britain's Princess Anne, Alessandro Levati, ” Fendi, Princess Royal, “, chunky knitwear, Neil Barrett, British Harris, Brunello, —, JW Anderson, Justin Shin, tailcoats, Stefano Gabbana, Domenico Dolce, Gabbana, Stefania D'Alessandro, Sabato de Sarno, Tom Ford, Sabato de, Gucci, Daniele Venturelli, de Sarno, Magliano, Massimo Giorgetti, Franco Albini, Gabanna, Armani Organizations: Milan CNN, Prada, CNN, Balmoral, Gabbana, Gucci, Dolce, Milan Metro, diamante Locations: Milan, British, Florence, Wellington, S.S, Saltburn, Italy

Its 2022 annual report, filed on January 19, said the deal desk should review any deals greater than $500,000. SUSE sales growth was slowing at the time. Reuters could not determine if the deal was vetted by the deal desk nor how many deals have been going through the unit. SUSE and Reuters parent company, Thomson Reuters, are involved in litigation over the use of SUSE software products. SUSE claims that Thomson Reuters breached the terms that allegedly governed its use of SUSE software products.

Persons: SUSE, Reuters wasn't, EQT, Melissa Di Donato, Di Donato greenlighted, Di Donato, Eskom, BNY, BNY Mellon, Di, Christian Strenger, Di Donato's, Thomson, Karin Strohecker, Stefania Spezzati, Emma, Victoria Farr, Elisa Martinuzzi, Daniel Flynn Organizations: Microsoft, BMW, Sales, Reuters, Bank of New York Mellon, BNY Mellon, BNY, Corporate Governance Institute, Frankfurt School of Finance & Management, Thomson Reuters, Thomson Locations: Frankfurt

☆ Jamala: Russia adds Eurovision-winning Ukrainian singer to wanted list
▼ + stars: | 2023-11-21 | by ( Jack Guy | Mariya Knight | ) edition.cnn.com time to read: +2 min

CNN —Russia has put a Ukrainian singer who won the Eurovision Song Contest in 2016 on a wanted criminal list, according to state media. Jamala, whose full name is Susana Jamaladynova, is “on the wanted list for criminal charges,” Russian state media outlet TASS reported on Monday. Russian state media called it anti-Russian and Moscow said it violated Eurovision rules. In 2022, Ukraine won Eurovision again thanks to folk-rap group Kalush Orchestra’s song “Stefania,” which was written about the frontman’s mother. While the winning nation normally hosts the following year’s contest, Ukraine was unable to do so due to the Russian full-scale invasion.

Persons: Susana Jamaladynova, Jonathan Nackstrand, Jamala, ”, Vladimir Putin’s, Stefania, Sweden’s Loreen Organizations: CNN, TASS, Russian Ministry of Internal Affairs, Russian Federation, Getty, Ukraine, Eurovision, Liverpool Locations: Russia, Ukrainian, Russian, AFP, Crimea, Ukraine, Moscow, United Kingdom, Spain, Italian, Turin

A UBS logo is seen next to Credit Suisse at the Bahnhofstrasse before a news conference of Swiss bank UBS in Zurich Switzerland, August 30, 2023. The court, which also upheld the guilty verdict against the bank, said a new trial would need to take place at the Paris appeals court to determine a new fine, if any. UBS's shares, which were already up on the day, spiked as much as 3% more after news broke that the 1.8 billion-euro fine was struck down. The decision by the Cour de Cassation, France's highest judicial court, means the guilty verdict on UBS is final. France's top court reviewed whether the Paris appeals court ruling had complied with the law, not the facts that underpinned its decision.

Persons: Denis Balibouse, UBS's, " Keefe, Woods, Tassilo Hummel, Mathieu Rosemain, Stefania Spezzati, Silvia Aloisi, Mark Potter Organizations: UBS, Credit Suisse, Swiss, REUTERS, of, Cassation, Thomson Locations: Zurich Switzerland, Paris, PARIS, Cour, Swiss, France, United States, Mozambique

☆ UBS CEO says mergers can help strengthen Europe's banks
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: 1 min

FRANKFURT, Nov 15 (Reuters) - UBS CEO Sergio Ermotti said Europe needs stronger banks and that this could be achieved through mergers. "It’s crystal clear that Europe needs to have stronger banks and the way to achieve that is only possible allowing consolidation in the industry," said Ermotti. Reporting By Stefania Spezatti; editing by John O'DonnellOur Standards: The Thomson Reuters Trust Principles.

Persons: Sergio Ermotti, Stefania Spezatti, John O'Donnell Organizations: UBS, Thomson Locations: FRANKFURT, Europe

The Swiss National Bank and the Swiss Finance Ministry are part of the conversations with lenders, one source said. A representative for the finance ministry said that the issue of bank runs is part of an overall evaluation of the too-big-to-fail regulatory framework in Switzerland. Regulators worldwide have since been grappling with the risk of bank runs, which in the era of digital banking have accelerated in speed. Financial regulators will need to make sure that banks retain adequate financial buffers as advances in technology increase the risk of bank runs, Bank of England executive director for markets, Andrew Hauser, said on Friday at a conference in London. They risk penalizing Swiss banks if they were to be introduced only in Switzerland, one of the sources said.

Persons: SNB, Zürcher, PostFinance, Raiffeisen, Andrew Hauser, Thomas Jordan, Stefania Spezzati, Oliver Hirt, Elisa Martinuzzi, John O'Donnell, Paritosh Bansal, Nick Zieminski Organizations: UBS, Swiss National Bank, Swiss Finance Ministry, Reuters, Swiss, Raiffeisen, Credit Suisse, Regulators, Bank of England, Thomson Locations: ZURICH, Switzerland, Swiss, Zurich, U.S, London, Bern

POZZUOLI, Italy, Oct 27 (Reuters) - The talk in shops and coffee bars in Pozzuoli, a port town outside Naples, is not about soccer or politics, but of the fear that has gripped residents since a supervolcano sparked a swarm of earthquakes. Sulphurous fumes escape from the surface, giving the area a surreal look and making it a magnet for tourists. "Even those small ones (quakes) make us afraid," she said. There are big ones and small ones. Prezzini, 78, said he would defy any evacuation order, while 66-year-old Luigi Ilardi, chimed in: "We are used to it.

Persons: Stefania Briganti, Ciro De, Sophia Loren, Vincenzo Russo, Angelo Prezzini, Luigi Ilardi, I've, Ciro De Luca, Philip Pullella, Deborah Kyvrikosaios Organizations: REUTERS, Thomson Locations: POZZUOLI, Italy, Pozzuoli, Naples, Milan, Castel, Rome

☆ Economists think odds of a recession in the next year have fallen below 50%. This chart shows how consensus has changed over 18 months.
▼ + stars: | 2023-10-18 | by ( Phil Rosen | ) www.businessinsider.com time to read: +4 min

Goldman Sachs' 12-month recession probability is hovering at 15%, about the "historical unconditional average." A WSJ survey showed the consensus probability of a downturn in the next year dipped below 50% for the first time since mid-2022. Here's how recession expectations have changed over the last 18 months. The consensus among Wall Street economists has shifted again, tilting further in favor of the no recession camp, at least in the near to medium-term. AdvertisementAdvertisement"That model implies larger effects of monetary policy and faster policy transmission than other empirical models," the economists explained in September.

Persons: Goldman Sachs, —, That's, Goldman, Stefania D'Amico, Thomas King Organizations: Service, Street, Journal’s, Economic, Goldman Sachs Investment, Chicago, Consumer, Index

After many companies were wrongfooted by the speed and breadth of prohibitions on Russia, banks are drawing up contingency plans in case geopolitical tensions between the West and China escalate, seven finance industry sources said. The U.S. Treasury Department, which runs the Office of Financial Sanctions Implementation, Britain's Foreign Office and Barclays did not respond to requests for comment. Three senior London-based bankers, who declined to be named because they were not authorised to speak publicly, said their boards had discussed the possibility of stronger Western sanctions on China in future. Scenarios from major cyber-attacks through to a military intervention in Taiwan could potentially trigger further prohibitions on China, one lawyer who advises banks said. One of the bankers said sanctions on Russia had "removed naivety" among businesses and prompted the industry to think more deeply about China risks.

Persons: Neil Whiley, Whiley, Xi Jinping, Joe Biden, Leigh Hansson, Reed Smith, Banks, Biden, Sinead Cruise, Stefania Spezzati, Lawrence White, Michelle Price, Catherine Evans Organizations: Banking, UK Finance Bank, British, Reuters, UK Finance, HSBC, Barclays, JPMorgan, U.S . Treasury Department, Office, Communications, Standard Chartered, Standard, London underwriters, Thomson Locations: China, Western, Britain, U.S, Russia, West, Taiwan, Beijing, London, Ukraine, United States, British, Asia, Washington

☆ Global watchdog reveals tensions at heart of Credit Suisse debacle
▼ + stars: | 2023-10-10 | by ( Huw Jones | ) www.reuters.com time to read: +5 min

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. The report, however, exposed tensions and conflicts at the heart of a process that ultimately required Switzerland to initially back the emergency rescue of Credit Suisse by rival UBS (UBSG.S) with public money to avert panic. The officials summed up that the "resolution" rules for shutting a collapsing bank without panicking markets could have worked for Credit Suisse, though public money would still likely have been needed. The FSB report sheds new light on events that led to Credit Suisse's downfall. The FSB said Switzerland's action preserved financial stability, even if it raised questions as to why the resolution was not chosen.

Persons: Denis Balibouse, Karin Keller, Sutter, Switzerland's Keller, FINMA, Andrew Bailey, Arturo Bris, Mayra Rodriguez Valladares, Arthur Wilmarth, it’s, Tatiana Bautzer, Elisa Martinuzzi, Stefania Spezzati, Pete Schroeder, Mark Potter, Nick Zieminski Organizations: Credit Suisse, UBS, REUTERS, UBS Group, Swiss, U.S, Bank of England, IMD, Bank, MRV Associates, Banco, George Washington University Law School, Thomson Locations: Zurich Switzerland, Switzerland, Swiss, U.S

☆ Look of the Week: Chris Pine ushers in sweater weather with a chaotic workout look
▼ + stars: | 2023-10-10 | by ( Leah Dolan | ) edition.cnn.com time to read: +3 min

CNN —A regular fixture in the style press, LA-born actor Chris Pine is a consistently top ranking name across best dressed lists. Stefania D'Alessandro/WireImage/Getty ImagesBut off the red carpet and away from the late night talk show sets, Pine’s sartorial compass doesn’t always point north. At Milan Fashion Week this summer, he was photographed making his way to a show barefoot. “Chris Pine looks like if Lisa Rinna got bitten by a werewolf,” added another in a Tweet liked more than 26,000 times. More than any expertly curated red carpet look, we see ourselves reflected back at us in Pine’s dressed-in-the-dark ensemble.

Persons: Chris Pine, Bode, Jimmy Kimmel, Nicole Ferreira, Jacob Elordi, Seth Rogan —, Stefania D'Alessandro, “, Ruth Bader Ginsberg, —, Pine, ”, Lisa Rinna, Sala Gedu, he’s, Pine’s Organizations: CNN, Party, Milan Fashion, PBS Locations: LA, Venice, Santa Fe, Los Feliz, cardigan

Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. The analyst said higher deposit rates were potentially being used to limit outflows at Credit Suisse and had been weighing on the bank's ability to bolster revenue. Credit Suisse reported net asset outflows of 39 billion francs in the second quarter. However, UBS said the outflows had slowed down and reversed in June, with Credit Suisse reporting net deposit inflows of $18 billion in the second quarter. UBS's Chief Executive Sergio Ermotti has said he aims to get back the Credit Suisse assets.

Persons: Denis Balibouse, Kian Abouhossein, Abouhossein, Sergio Ermotti, Ermotti, Noele Illien, Stefania Spezzati, Oliver Hirt, Elisa Martinuzzi, Mark Potter Organizations: Credit Suisse, UBS, REUTERS, Rights, Suisse, JPMorgan, UBS's, Thomson Locations: Zurich Switzerland, Raiffeisen, Switzerland

☆ Europe and US have number of geopolitical issues in common, says NEWEST CEO Fernando Napolitano
▼ + stars: | 2023-09-22 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEurope and US have number of geopolitical issues in common, says NEWEST CEO Fernando NapolitanoClass CNBC's Stefania Spatti speaks with Fernando Napolitano, CEO of NEWEST, about his conference, X International Business Exchange Conference.

Persons: Fernando Napolitano, Stefania Spatti Organizations: Europe, X International Business Exchange Conference

☆ Venice Film Festival: The best looks from the red carpet
▼ + stars: | 2023-09-09 | by ( Oscar Holland | Christy Choi | ) edition.cnn.com time to read: +4 min

And there have been plenty of elegant looks on display, from Spanish model Eugenia Silva’s dramatic Armani Privé gown to Italian designer Pierpaolo Piccioli’s effortless white suit. Andreas Rentz/Getty ImagesSpanish model Eugenia Silva arrived in a dramatic pink feather coat and a black strapless gown by Armani Privé. Ernesto Ruscio/Getty ImagesDanish actress Amanda Collin wore matching Chanel separates on the red carpet for "Bastarden (The Promised Land)." Pascal Le Segretain/Getty ImagesModel Madisin Rian wowed in an all-white Armani Privé outfit. Luca Carlino/NurPhoto/ShutterstockItalian fashion journalist and former Vogue Japan editor-at-large Anna Dello Russo wore bright pink Armani Privé.

Persons: ’, Eugenia Silva’s, Pierpaolo, listers, Adam Driver, Ferrari ”, Enzo Ferrari, Ferrari, Stefania D'Alessandro, Jonica T, Gibbs, Chanel, Andreas Rentz, Barbara Palvin, Giorgio Armani, Eugenia Silva, Armani Privé, Franco Origlia, Dalle, Ernesto Ruscio, Amanda Collin, Pascal Le Segretain, Rian wowed, Armani, John Phillips, Valentino, Pierpaolo Piccioli, Toni Garrn, Alberta Ferretti, Luca Carlino, Anna Dello, Privé, Georgina Rodriguez, Cristiano Ronaldo, Pasquale Bruni, Alfonso Catalano, Bella Thorne, Dior, Sofia Coppola's, Priscilla, Elvis Presley's, Matteo Rasero, Jacob Elordi, Elvis Presley, Neelam Gill, Armani Privè, David Fisher, Leonie Hanne, Mahboobeh Bolandy, Serena de Ferrari, Stephane Cardinale, Corbis Organizations: CNN, Venice, Writers Guild of America, Screen Actors Guild, American Federation of Television, Radio Artists, SAG, Getty, Italian, Vogue Japan Locations: Venice, Spanish, Australian, Turkish

☆ The Fed's own economists now expect a Goldilocks scenario: No recession, low inflation, and positive growth
▼ + stars: | 2023-09-08 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Economists from the Federal Reserve Bank of Chicago predict inflation will cool without a recession. "That model implies larger effects of monetary policy and faster policy transmission than other empirical models," the economists said. So far, based on the analysis, tighter policy has resulted in 5.4 percentage points in the level of real GDP and 7.1 percentage points in CPI. That represents about 65% and 75% of the total tightening effects on the levels of real GDP and CPI, respectively, that will occur, according to the model. Policy has reduced total hours worked by about 4 percentage points, or about 40% of the total effect that is ultimately projected.

Persons: Stefania D'Amico, Thomas King, D'Amico, King, Henry Blodget Organizations: Federal Reserve Bank of Chicago, Service, Consumer, Index, CPI Locations: Wall, Silicon

REUTERS/Dado Ruvic/Illustration//File Photo Acquire Licensing RightsSTOCKHOLM, Sept 7 (Reuters) - UNESCO on Thursday published its first guidance on use of Generative AI (GenAI) for education, urging governmental agencies to regulate the use of the technology, including protection of data privacy and putting an age limit for users. Students have also taken a liking for GenAI, which can generate anything from essays to mathematical calculations with just a few line of prompts. Among a series of guidelines in a 64-page report, UNESCO stressed on the need for government-sanctioned AI curricula for school education, in technical and vocational education and training. While China has formulated rules on GenAI, the European Union's AI Act is likely to be approved later this year. The Paris-based agency also sought to protect the rights of teachers and researchers and the value of their practices when using GenAI.

Persons: Dado Ruvic, OpenAI, GenAI, ChatGPT, Bard, Stefania Giannini, Supantha Mukherjee, Aurora Ellis Organizations: REUTERS, Rights, UNESCO, Microsoft, Reuters, Thomson Locations: Rights STOCKHOLM, China, Paris, Stockholm

[1/2] AI (Artificial Intelligence) letters are placed on computer motherboard in this illustration taken June 23, 2023. Some have expressed concern that students might similarly rely on AI to produce work and effectively cheat - especially as AI content gets better with time. Passing off GenAI as original work could also raise copyright issues, prompting questions over whether AI should be banned in academia. It has provided that tool free to more than 10,000 education institutions globally, although it plans to charge a fee from January. So far, the AI detection tool has found that only 3% of students used AI for more than 80% of their submissions and that 78% did not use AI at all, Turnitin data shows.

Persons: Dado Ruvic, OpenAI, ChatGPT, Bard, Leif Kari, Rachel Forsyth, Sophie Constant, Stefania Giannini, Kirsten Rulf, Deepa Babington Organizations: REUTERS, Lund, University of Western, University of Hong, Microsoft, Royal Institute of Technology, United Nations Educational, Cultural Organization, UNESCO, Strategic, Lund University, England's University of Oxford, Reuters, European Union, EU, Boston Consulting Group, Thomson Locations: STOCKHOLM, University of Western Australia, Perth, University of Hong Kong, Stockholm, Sweden, Britain, Singapore

☆ Italy's luxury groups set aside rivalries to keep it local
▼ + stars: | 2023-07-14 | by ( Elisa Anzolin | ) www.reuters.com time to read: +5 min

SMALL MANUFACTURERS APLENTYItaly is home to thousands of small manufacturers that cover 50-55% of the global production of luxury clothing and leather goods, consultancy Bain calculates. LVMH announced in May it had taken a majority stake in Nuti Ivo Group, an Italian company that has specialised in making leather products since 1955. Kering managing director Jean-Francois Palus said the luxury group is increasingly looking to bring production in house. "Italy has not created a (major) luxury hub, but we have entrepreneurs who have the ability to activate the right relationships at the right time," said Stefania Lazzaroni, general manager at Italian luxury industry association Altagamma. "Italian groups are now more managerialised, more organised and also stronger, which makes them more open to thinking together," he said.

Persons: Luigi Fedeli e, Zegna, Gildo Zegna, Ermenegildo, Kering, LVMH, Jean, Francois Palus, It's, Chanel, Brunello, Stefania Lazzaroni, Prada, Roberto Costa, Bertelli, Elisa Anzolin, Silvia Aloisi, Keith Weir, Jane Merriman Organizations: France MILAN, Prada, Filati Biagioli Modesto S.p.A, Biagioli, Prada Group, Reuters, Bain, Group, Nazionale della Moda, Global Luxury Investment Banking, Citigroup, Thomson Locations: Italy, France, Italian, Monza, Milan, Filati Biagioli, Bertelli, Nuti

Another source inside Barclays' investment bank, talking anonymously because they are not authorised to speak to the media, said lower staff attrition at its technology and back office operations had started to worry cost-conscious managers. The BCG review could lead to layoffs, the source familiar with the review said, although no decisions have been made. Some top Barclays investors, however, told Reuters they would have misgivings about a plan to prioritise investment over capital distributions. But a recent shake-up at its investment bank has raised concern about Barclays' ability to compete amid a worldwide dealmaking slump. They are not valued properly together," said Alan Beaney, chief executive at RC Brown Investment Management, which has held Barclays shares since 2012.

Persons: C.S, shivers, Richard Marwood, Venkat, Edward Bramson, Richard Buxton, Alan Beaney, Elisa Martinuzzi, Mark Potter Organizations: Barclays, Boston Consulting, Reuters, Royal London Asset Management, Lehman Brothers, Jupiter Asset, RC Brown Investment Management, BNP, HSBC, Reuters Graphics Barclays, Jefferies, Thomson Locations: U.S, Africa

On three-month deposits above $1 million, Credit Suisse will pay 5.88%, the person added. Credit Suisse suffered an exodus of client funds in the first quarter that brought the lender to the brink of collapse. Credit Suisse declined to comment. The rescue, backed by public funds, was designed to prevent Credit Suisse's collapse from triggering a wider banking crisis. Chief Executive Sergio Ermotti said on the day the deal was closed, that around 10% of Credit Suisse employees had left in the run-up to completing the transaction.

Persons: Sergio Ermotti, Stefania Spezzati, Vidya Ranganathan, Elisa Martinuzzi, Tomasz Janowski Organizations: Credit Suisse, UBS, NatWest, Bloomberg News, Credit, Reuters, Thomson Locations: SINGAPORE, LONDON, Asia, Swiss, London, Singapore

LONDON, June 14 (Reuters) - Deutsche Bank (DBKGn.DE) has added three senior dealmakers to its team of bankers advising other financial institutions, such as insurance companies and lenders, according to a memo seen by Reuters on Wednesday and confirmed by a company spokesperson. It has hired Marie-Soazic Geffroy as global co-head of its Financial Institutions Group (FIG) from Perella Weinberg Partners (PWP.O). Based in Paris, she will lead the industry group alongside Jeff Cady, who is set to join the bank in New York from Citigroup (C.N). The bank has also appointed Chris Williams as FIG chairman for Europe, the Middle East and Africa (EMEA). Citigroup's Aaron Saperstein is also set to join Deutsche Bank in New York as head of diversified financials, covering speciality finance companies and financial technology lenders.

Persons: Marie, Soazic, Perella Weinberg, Jeff Cady, Chris Williams, Citigroup's Aaron Saperstein, Pablo Mayo Cerqueiro, Stefania Spezzati, Mark Potter Organizations: Deutsche Bank, Reuters, Group, Citigroup, Credit Suisse, Deutsche, Thomson Locations: Paris, New York, Europe, East, Africa

LONDON, June 7 (Reuters) - Barclays (BARC.L) is studying options for its global payments activities as a part of broader review into how it allocates resources, two people familiar with the matter told Reuters. Barclays has already engaged at least one major consultancy firm and may hire others to split assignments, this person said. "Our three businesses continue to perform well and our business mix is robust - growing our global payments business is a priority for us," a Barclays spokesperson said. The payments study comes as Barclays had also drafted Boston Consulting Group (BCG) to conduct a strategy review of the entire banking group, a person familiar with the matter told Reuters. How the bank should allocate resources between more predictable retail business and volatile returns from the investment bank has attracted investor scrutiny.

Persons: Amy, Jo Crowley, Pablo Mayo, Stefania Spezzati, Lawrence White, Alexander Smith Organizations: Barclays, Reuters, Britain's, Barclaycard, Boston Consulting, Bloomberg, BNP, HSBC, Pablo Mayo Cerqueiro, Thomson Locations: London

Credit Suisse bankers, worried about their future are seeking safer employment at competitors, one person said. Credit Suisse said in April that the bank's "employee attrition has been higher over the last year," and that it had just over 48,000 full-time employees at the end of the first quarter. In an example of competitors poaching Credit Suisse's staff, Santander, Spain’s biggest bank, has hired at least eight bankers from Credit Suisse and was targeting more, Bloomberg News reported this month. UBS management has also said it would set a very high bar when deciding whether to retain any of Credit Suisse's investment banking staff. A banker from Credit Suisse in Zurich told Reuters the lender was in a state of flux, with its investment bank seeing the most staff departures.

Persons: Blick, Colm Kelleher, Noele Illien, Stefania Spezzati, Tomasz Janowski Organizations: Credit Suisse, UBS, . Credit Suisse, Credit Suisse's, Santander, Bloomberg News, Reuters, Swiss Finance Ministry, Thomson Locations: ZURICH, Swiss, Spain’s, Zurich

LONDON, May 18 (Reuters) - Credit Suisse (CSGN.S) came close to falling below minimum levels of cash held at the Swiss central bank days before its forced takeover by UBS (UBSG.S), a regulatory document shows. As of mid-March 2023, Credit Suisse barely reached its internal cash limit at the Swiss National Bank. Credit Suisse was forced into a government orchestrated rescue on March 19. FINMA and Credit Suisse declined to comment. FINMA stated in the decree that a viability event occurred and that Credit Suisse could therefore wipe out the instruments.

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