Credit Suisse Group’s new-look investment bank, CS First Boston, was supposed to help salvage the lender. Instead, it may have hastened its fall.
, had a choice last year: Raise even billions more in new stock to shut down its scandal-prone investment bank or pull out the best parts and try to make money. It went for the second option, and miscalculated investors’ willingness to give it one more shot.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Bing flaw let hackers alter search results, steal your files | Digital TrendsA serious bug in Microsoft’s Azure platform could have let hackers switch up search results and steal the files of millions of users, a security firm has found.
Lire la suite »
3 dead, 1 charged after fatal crash on I-10 in east Harris CountyJonathan Lazo, 24, has been charged with intoxication manslaughter in connection to the...
Lire la suite »
Swiss economists question UBS takeover of Credit Suisse in pollA poll of Swiss economists found that nearly half think the takeover of Credit Suisse by UBS was not the best solution, warning the saga has dented Switzerland's reputation as a banking centre.
Lire la suite »
EV tax credit rules are about to get a lot more complicatedRules around the sources of EV battery minerals and components will come into effect next month.
Lire la suite »
EV tax credit likely to get updated with proposed battery source requirementsThe electric vehicle tax credit just got a little bit more complicated with the announcement of a highly anticipated proposal which would apply to the battery components of eligible EVs.
Lire la suite »
Many electric vehicles to lose big tax credit with new rulesMore EVs and parts will be manufactured in the U.S. over time, creating a domestic supply chain and more jobs, the Biden administration said.
Lire la suite »