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Top related persons:
Julius Baer - 1 Signa - 1 Julius Baer's CET1 - 1 DBRS Morningstar - 1 Vitaline Yeterian - 1 Elisabeth Rudman - 1 Julius Baer's - 1
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Zurich Switzerland Swiss
Top related orgs:
Julius Baer Group - 1 Austrian - 1 DBRS - 1 CNBC - 1 European Central Bank - 1 Swiss - 1

Search resuls for: "Elisabeth Rudman"


4 mentions found


☆ What one Swiss bank's troubles can tell us about market vulnerabilities — and social media
  + stars: | 2023-11-30 | by ( Elliot Smith | ) www.cnbc.com   time to read: +2 min
A pedestrian sheltering under an umbrella passes a Julius Baer Group Ltd. branch in Zurich, Switzerland, on Tuesday, July 13, 2021. The share price of Julius Baer plummeted after the Swiss private bank disclosed 606 million Swiss francs ($692.7 million) of loan exposure to a single conglomerate client. The 606 million Swiss franc exposure to one client — via three loans to different entities within a European conglomerate — is collateralized by commercial real estate and luxury retail, the company revealed. The bank last week booked provisions of 70 million Swiss francs to cover the risk of a single borrower in its private loan book. The European Central Bank recently examined the commercial real estate sector and the provisioning methods and capital buffers of European banks.
Persons: Julius Baer, Signa, Julius Baer's CET1, DBRS Morningstar, Vitaline Yeterian, Elisabeth Rudman, Julius Baer's Organizations: Julius Baer Group, Austrian, DBRS, CNBC, European Central Bank, Swiss Locations: Zurich, Switzerland, Swiss
☆ UBS's future AT1 bond sales could come at a big cost
  + stars: | 2023-05-10 | by ( Chiara Elisei | Thomson Reuters | Chiara Reports On The European Credit Markets | ) www.reuters.com   time to read: +4 min
There are some signs that the broader $275 billion AT1 market is recovering. Reuters GraphicsLast month, Japan's Sumitomo Mitsui Financial Group (8316.T) was the first major global bank to sell AT1s since the March rout. With time, analysts expect UBS to sell AT1s aplenty to meet its capital requirements. It has a 700 million Singapore dollar ($755 million) AT1 bond repayable in November followed by a heftier $2.5 billion bond in January. RATINGS GAMEInvestor appetite for a UBS AT1 could also hinge on its future credit profile.
☆ UBS' takeover of Credit Suisse is probably the 'smoothest option,' analyst says
  + stars: | 2023-03-20 | 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 EmailUBS' takeover of Credit Suisse is probably the 'smoothest option,' analyst saysElisabeth Rudman, global head of financial institutions at DBRS Morningstar, says, however, "that doesn't mean that there won't be some volatility in the meantime."
☆ The $17 billion wipeout of Credit Suisse bondholders has not gone down well in Europe
  + stars: | 2023-03-20 | by ( Sophie Kiderlin | ) www.cnbc.com   time to read: +1 min
Credit Suisse's additional tier one bonds are set to be wiped out following the struggling bank's takeover by UBS. One section of Credit Suisse's bondholders is set to be wiped out following the struggling bank's takeover by UBS, causing them to see investments worth 16 billion Swiss Francs ($17 billion) become worthless. The move has angered Credit Suisse AT1 bond holders as their investments have seemingly been lost, while shareholders will receive payouts as part of the takeover. Therefore, the decision "can be interpreted as an effective subordination of AT1 bondholders to shareholders," Goldman Sachs' credit strategists said in a research note published Sunday. "It also represents the largest loss ever inflicted to AT1 investors since the birth of the asset class post-global financial crisis," they added.
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