And the people who it cost $5.5 billion are gonna try to not repeat the experience.
Whatever could have led it to this insight?
There’s nothing worse than getting hit with an antitrust fine on top of a multi-billion dollar loss.
Jim Justice may really need that $150,000 statehouse salary.
The Justice Department and Prudential Regulation Authority have some questions.
It’s not like the bank’s got other pressing issues it needs to deal with now, right?
The rock of respectability has rolled back down the Alps.
You mean to tell me that SoftBank and the Swiss joined forces to back a loser?
They’re feeling very SPACial.
Thomas Gottstein has an extra $80 million to spend on, uh, other settlements, probably.
You don’t become the bank of choice for Eastern European gangsters by posing too many.
Which is too bad for an astonished Credit Suisse.
The Swiss have, as is their wont, precisely quantified the investment bank’s status.
The financial crisis is still very much ongoing in Zürich.
Not in your toolbox, eh, Urs?
York Capital is going private equity because the hedge fund thing is not working out.
Not a fan of Beijing’s heavy hand? No wealth management services for you!
Alas, the former hedge fund’s not going to like this one as much as the others.
The Kafkaesque conclusions to the Tidjane Thiam and Birgitte Bonnesen sagas.
Nothing else is solid or steadfast in Switzerland but an in-house hedge fund.
There’s something about him that just makes Swiss people uncomfortable, not that we have any idea what….
Credit Suisse’s institutional shareholders have their CEO’s back like Republican senators have the president’s.