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NewsArticles
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| Tuesday, May 26, 2009 |
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Fight for survival threatens company rules
By steve @ 7:46 AM :: 505 Views :: 
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Many Swiss workers would be prepared to turn a blind eye to fraudulent behaviour to keep their firms afloat during the economic storm, a survey has fo...
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| Tuesday, April 29, 2008 |
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Credit Suisse to recover writedowns over time: chairman
By racloaz @ 4:25 PM :: 640 Views :: 
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GENEVA (AFP) — The head of Credit Suisse said on Friday that the bank did not need fresh funds and aimed to recover billions of Swiss francs in subprime-related writedowns on its own.
On Thursday, Credit Suisse said it switched into the red for the first quarter with net loss of 2.148 billion Swiss francs (1.330 billion euros, 2.11 billion dollars) and writedowns of 5.847 billion Swiss francs.
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| Tuesday, April 29, 2008 |
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How not to run an investment bank
By racloaz @ 4:22 PM :: 592 Views ::
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After $37bn of writedowns, a share price collapse of as much as 70%, the departure of its chairman and chief executive, and thousands of job losses, there is not a lot to smile about at UBS. But the Swiss bank’s excoriating report last week into its catastrophic failures in the past three years provides a glimmer of hope – not only to UBS but also to the rest of the financial markets.
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| Tuesday, April 29, 2008 |
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Another Swiss miss at UBS
By racloaz @ 4:14 PM :: 1731 Views :: :: Stock, Internet Financing, China Education, Private Equity, Fund Management, Corporate Finance
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Investors shrug off a $19 billion writedown and other ominous signs as strong demand for a Lehman stock sale boosts Wall Street...
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