Yesterday
- Opinion
- Chanticleer
The good, bad and ugly of business in 2023
Big deals, dud deals, scandals and success stories. In a year of high drama and big market moves, we look back at the winners and losers.
- Updated
- James Thomson
This Month
How to collect a 10pc investment yield from a Brisbane office tower
With office markets battered by falling values and weaker sentiment, fund manager Elanor has seized on a counter-cyclical opportunity for its investors.
- Nick Lenaghan
Deutsche Bank seizes on shaky markets to revive investment bank
The German lender is targeting cross-border, and sponsor-backed M&A, in a strategy that looks a lot like the old Credit Suisse.
- Aaron Weinman
November
Deutsche recruits new investment banking head from rival
And there should be plenty of talent for her to choose from as she builds a team, given the lay-offs at some of the other big banks around town.
- Sarah Thompson, Kanika Sood and Emma Rapaport
UBS posts first loss since 2017 due to Credit Suisse integration
UBS accelerated the wind-down of assets inherited from Credit Suisse, reducing risk-weighted assets by $US6.4 billion in the quarter.
- Myriam Balezou and Marion Halftermeyer
- Exclusive
- Investment banking
LGT Crestone tries to nab nation’s richest families from UBS
LGT Crestone is on the hunt for someone to cover family office clients, and plans to offer mansion mortgages to snare a larger share of Australia’s wealthy.
- Updated
- Primrose Riordan and Aaron Weinman
October
Credit giant Ares hires new partner
Street Talk can reveal Credit Suisse’s head of asset finance for Asia Pacific, Will Farrant, has joined the US investment firm as a partner in its credit group.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Credit Suisse’s head of research pops up at Canaccord Genuity
The mid-cap specialist broker is bulking up its equity research team with two new hires.
- Sarah Thompson, Kanika Sood and Emma Rapaport
MST Financial picks up Credit Suisse energy guru
“Kavonic is an authority in the energy sector, has unparalleled industry insight and track record of successful bold calls”.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Shaw and Partners names two new hires
Abraham Akra and Larry Gandler will join the firm’s research and equity capital markets teams.
- Sarah Thompson, Kanika Sood and Emma Rapaport
September
Sanjeev Gupta returns to the UK after absence since GFG fraud probe
The SFO is investigating suspected fraud, fraudulent trading and money laundering in relation to the financing and conduct of companies within Gupta’s network.
- Jack Farchy, Katharine Gemmell and Jonathan Browning
Deal of the decade: the Irish banker who took out Credit Suisse
Until his bank took over Credit Suisse, UBS chairman Colm Kelleher was best known as the candidate passed over for CEO of Morgan Stanley.
- Laura Noonan and Owen Walker
- Opinion
- Chanticleer
How UBS buried Credit Suisse with a world-record profit
There are growing signs that UBS might have scored a bargain in its hastily arranged takeover of Credit Suisse.
- James Thomson
UBS flags major cost cuts after world record $45b profit
The lender plans to make $15.5 billion in cost savings and job losses after taking over Credit Suisse earlier this year.
- Myriam Balezou and Marion Halftermeyer
August
UBS set for record quarter, plenty of post-takeover questions
The Swiss lender is expected to report one of the biggest windfall profits ever recorded by a bank on Thursday.
- Celia Bergin, Marion Halftermeyer and Demetrios Pogkas
European gas hits two-month high on Woodside workers’ ultimatum
Unions warned on the weekend that industrial action could start as soon as September 2 if no deal is reached in pay talks on Wednesday.
- Elena Mazneva
Gupta claims Greensill assured him loan documents were ‘irrelevant’
Witness statements by the metals magnate say verbal agreements from the founder of the now-defunct financing firm underpinned billions in loans
- Robert Smith
Deutsche Bank snaps up Credit Suisse dealmaker to head M&A
The investment bank has tapped Credit Suisse dealmaker David Geddes to head M&A.
- Sarah Thompson, Kanika Sood and Emma Rapaport
JPMorgan hires two bankers from Credit Suisse’s infra team
Two Credit Suisse infrastructure bankers are following their former boss, Tim Foy, to his new gig at JPMorgan.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Credit Suisse senior sales trader lands at BofA
James Hogan was a sales trader at the investment bank for 16 years.
- Sarah Thompson, Kanika Sood and Emma Rapaport
