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Search resuls for: "Credit Suisse’s"


10 mentions found


☆ If Credit Suisse loves its bankers, set them free
  + stars: | 2022-10-21 | by ( Liam Proud | ) www.reuters.com   time to read: +6 min
LONDON, Oct 21 (Reuters Breakingviews) - Credit Suisse (CSGN.S) is a weak bank with some strong bankers. SECOND COMINGImagine, then, that Credit Suisse spins out its advisory and capital-markets business. But Credit Suisse has never quantified the business it wins from intragroup referrals, which suggests it is low. In this case, it will be higher if those people are no longer at Credit Suisse. First Boston was a U.S. investment bank in which Credit Suisse first bought a stake in 1978.
☆ Trustbusters’ metaverse gambit
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, Oct 10 (Reuters Breakingviews) - Mark Zuckerberg isn’t the only one making risky gambits in the metaverse. On Friday, trustbusters at the Federal Trade Commission pared back their arguments against Meta Platforms’ (META.O) acquisition of virtual reality app maker Within. The agency run by Lina Khan stepped back from initial arguments that Meta’s Beat Saber game competes directly against Within’s Supernatural fitness app. That was always an odd stretching of definitions that both limited the market to a thin slice of virtual reality and at the same time included wildly disparate apps. That resembles arguments against the 2015 merger of sterilization companies Steris and Synergy – a case the FTC lost.
☆ BoE’s insurance policy raises question of next act
  + stars: | 2022-10-10 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 10 (Reuters Breakingviews) - The Bank of England is taking out insurance against a market meltdown. On Monday, the central bank said it was ready to double the daily limit of its bond-buying programme from 5 billion pounds to 10 billion pounds. This will cost users just 15 basis points above the base rate, although they face haircuts of up to 42%. (By Aimee Donnellan)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Corporate America may be overstuffed with workers
  + stars: | 2022-10-07 | by ( ) www.reuters.com   time to read: +2 min
NEW YORK, Oct 7 (Reuters Breakingviews) - The U.S. job market is still hot, and that could be a weakness. This shows some strength in the economy, just as Federal Reserve Chairman Jay Powell furiously hikes interest rates to fight inflation. As interest rates have risen rapidly, making people feel less wealthy, consumers have pulled back on their buying. Corporate America was caught off guard with a sudden change in demand. (By Jennifer Saba)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist.
☆ ByteDance might deserve its most-watched status
  + stars: | 2022-10-07 | by ( ) www.reuters.com   time to read: +2 min
It’s a good show despite a stalled initial public offering plan, a global tech rout, and a politically difficult reception for its popular short-video streaming app. The company eked out an operating profit, too, in the first three months this year. ByteDance might be eating its rival’s lunch in more ways than one. (By Yawen Chen)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
☆ Credit Suisse’s wayward debt is a bet for the bold
  + stars: | 2022-10-06 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Oct 6 (Reuters Breakingviews) - Credit Suisse’s (CSGN.S) debt derivatives are still sending spooky signals, even though its equity is not. Yet its credit default swaps (CDS), contracts used to speculate on a company defaulting on its debt, are still bizarrely elevated, despite the absence of any bad news. Five-year swaps were trading at roughly 360 basis points on Thursday, compared with around 200 basis points in mid-September, according to Refinitiv data. Credit Suisse’s one-year CDSs, meanwhile, were quoted at around 600 basis points on Thursday morning, according to one trader. Investors willing to bet that Credit Suisse can survive would make handsome gains.
☆ Peloton races tough economic cycle
  + stars: | 2022-10-06 | by ( ) www.reuters.com   time to read: +2 min
TORONTO, Oct 6 (Reuters Breakingviews) - Peloton Interactive (PTON.O) is pedaling as fast as it can. The maker of connected bikes plans to cut 500 more jobs, or about 12% of its workforce, according to the Wall Street Journal. And even though McCarthy has steadily trimmed the cash burn, free cash flow was a hefty negative $412 million in the three months to June 30. Peloton, whose market value has plummeted 90% in a year, is coming precariously close to the end of a wild ride. (By Sharon Lam)Register now for FREE unlimited access to Reuters.com RegisterFollow @Breakingviews on Twitter(The author is a Reuters Breakingviews columnist.
☆ Investors Put a Price on Credit Suisse’s Salvation
  + stars: | 2022-09-29 | by ( Margot Patrick | Julie Steinberg | ) www.wsj.com   time to read: 1 min
Credit Suisse’s stock fell last week after reports that it was sounding out investors to buy new shares. Years of scandals and executive turnover have driven shares in the once formidable Credit Suisse Group AG to an all-time low. The question is: Can they go even lower? The answer depends on how much capital the bank will need to raise to execute its turnaround plan.
☆ America gained 2.5 million new millionaires last year, according to Credit Suisse report
  + stars: | 2022-09-21 | by ( Michelle Toh | ) edition.cnn.com   time to read: +2 min
As many as 5.2 million people became millionaires last year, with nearly half in the United States alone, according to Credit Suisse’s latest annual wealth report. Worldwide, the total number of millionaires stood at 62.5 million at the end of 2021, Credit Suisse estimated. The report, which was released Tuesday, found that aggregate global wealth totaled $463.6 trillion at the end of last year, jumping 9.8%. Last year, the wealth share of the top 1% “rose for a second year running,” Credit Suisse said in its report. Those individuals accounted for 45.6% of the world’s wealth in 2021.
☆ First Boston deserves a selective revival
  + stars: | 2022-09-20 | by ( John Foley | ) www.reuters.com   time to read: +4 min
The logo of Swiss bank Credit Suisse is seen at an office building in Zurich, Switzerland September 2, 2022. By 2006, Credit Suisse First Boston was once again just Credit Suisse. Register now for FREE unlimited access to Reuters.com RegisterFor today’s Credit Suisse, anything that conveys renewed ambition is worth a try. First Boston was a U.S. investment bank in which Credit Suisse first bought a stake in 1978. The Swiss bank took full control in 1990 after First Boston incurred large losses on loans it had made to clients.
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