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Paul J Davies

Opinion Columnist

Bloomberg

Libor scandals, Credit Suisse and the value of transparency

BUSINESS

Libor scandals, Credit Suisse and the value of transparency

Financial authorities need to be accountable for their actions

First Republic Bank shows how not to bolster confidence

BUSINESS

First Republic Bank shows how not to bolster confidence

The dive in the Bank's stocks followed after executives declined to answer questions on earning call. This was poor strategy for a company in a tight spot that should have been seeking to reassure shareholders

UBS takeover of Credit Suisse and Swiss government's 100-billion franc backstop should contain the chaos

BUSINESS

UBS takeover of Credit Suisse and Swiss government's 100-billion franc backstop should contain the chaos

The deal has been welcomed by the central banks of the US, UK and Europe – each fretting about the potential for further fallout from a Credit Suisse collapse. A coordinated program to supply dollars to the global financial system has also been announced

Credit Suisse needs friends now more than ever

BUSINESS

Credit Suisse needs friends now more than ever

The firm is hardly Silicon Valley Bank — though it’s not doing much to help anyone understand that

Silicon Valley Bank Aftermath: There is little evidence of a full-scale banking crisis

BUSINESS

Silicon Valley Bank Aftermath: There is little evidence of a full-scale banking crisis

Swift action to backstop the banking sector minimises risks of further bank runs. No other publicly traded US bank appear to have SVB's vulnerabilities: highly concentrated deposit base and very large unrealised losses on Treasuries and mortgage bonds

Credit Suisse needs a cockroach exterminator

BUSINESS

Credit Suisse needs a cockroach exterminator

Every time the troubled bank thinks things have quieted down, a new problem crawls out of its financial woodwork

It’s not just Manchester City. Financial football is becoming more prevalent

TRENDS

It’s not just Manchester City. Financial football is becoming more prevalent

Multi-club ownership is becoming popular among investors and bringing big potential benefits — and pitfalls

The 2 trillion reasons why Fed tightening isn’t so scary

BUSINESS

The 2 trillion reasons why Fed tightening isn’t so scary

Banks and investors have a big cushion to protect them from the end of quantitative easing

Why Goldman Sachs is far, far behind Morgan Stanley

BUSINESS

Why Goldman Sachs is far, far behind Morgan Stanley

Its faltering attempts to develop a stream of steady, repeatable revenue stand in stark contrast to its rival’s resilience in asset management

The bumpy road to JP Morgan’s capture of Cazenove

BUSINESS

The bumpy road to JP Morgan’s capture of Cazenove

A City of London veteran does some finger pointing in a soon-to-be-published memoir

Five steps to stop the nosedive at Credit Suisse

BUSINESS

Five steps to stop the nosedive at Credit Suisse

The troubled financial giant can find a way out of its debacles. Deutsche Bank is proving it can be done

Elon Musk did it his way. Regrets? Banks have a few

BUSINESS

Elon Musk did it his way. Regrets? Banks have a few

The monster deal of 2022 sent the loan market scrambling. And then there’s war, inflation and the spectre of recession

Credit Suisse investors’ choice: a big loss or a bigger loss

BUSINESS

Credit Suisse investors’ choice: a big loss or a bigger loss

Buying into the Swiss lender’s share sale is a bet it’s reached rock bottom

Credit Suisse isn’t the Lehman moment you’re looking for

BUSINESS

Credit Suisse isn’t the Lehman moment you’re looking for

The Swiss lender may be vulnerable, but let's not compare apples and oranges on potential outcomes

No, Credit Suisse isn't on the brink

BUSINESS

No, Credit Suisse isn't on the brink

The Swiss bank has enough capital, but volatile markets have deepened worries and raised the costs of its restructuring

CEOs love to hear ‘Yes’, but need ‘No, No, No’

BUSINESS

CEOs love to hear ‘Yes’, but need ‘No, No, No’

WeWork, Lehman Brothers and EY’s planned split all show how we undervalue naysayers to our peril.

A Royal Mint NFT is a silly bit of political marketing

BUSINESS

A Royal Mint NFT is a silly bit of political marketing

With NFTs, the collector who buys it doesn’t necessarily own the thing they’ve paid for. Typically, they own a record of a web address where they can view the metadata that says they own something

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