Investment Banking

Sergio Ermotti returns as UBS CEO

The UBS board says his experience is ideal to manage the Credit Suisse acquisition.

Singapore reaffirms creditor hierarchy following Credit Suisse AT1 wipeout

Equity holders will absorb losses before AT1 and Tier 2 bondholders, MAS said.

UBS buys Credit Suisse in “emergency rescue”

The $3.2b acquisition has the full support of Swiss financial regulators, UBS said.

Weekly Global News Wrap: Nomura cuts entertainment budget; crypto bank Silvergate closes down

And Bank of America CEO says he and the bank are “capitalist” as anti-ESG critics gain steam.

Citi named sole arranger of CABEI’s 10-year JPY7b and 10-year US$130m ESG bonds

The bonds will be issued to Japanese and Taiwanese investors, respectively.

Natixis CIB names Cécile De Sousa as APAC COO

De Sousa will focus on developing domains of merging tech for the bank.

Banks must amp up management of nature risks in net zero policies: WWF

Science-based decarbonisation targets must be set to improve their energy sector portfolios.

DBS Hong Kong names Wallace Nam as head of institutional banking

Prior to joining DBS, Nam served various leadership roles in HSBC.