Credit Agricole Bank logo is seen in this illustration taken March 12, 2023. REUTERS/Dado Ruvic/Illustration, France's second-biggest listed bank, has become the latest foreign lender to boost its China investment banking operations with the launch of a new unit.
The new unit, Credit Agricole Advisory Services, focuses on cross-border merger and acquisition, encompassing purchases, disposals and capital raising, it said in a statement on Monday. The unit which began operations on March 10 is overseen by Huai Yang as head of the operation, the bank said. The "new strategic set-up will strengthen the bank's capabilities to connect local and international clients to investment opportunities, both inbound and outbound, presented by the world's second-largest economy", said Jean-François Deroche, the bank's senior regional officer for Asia-Pacific.Some global banks are accelerating their expansion in China with the government granting a few major licences since earlier this year.
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UBS's Dargan and Credit Suisse's McDonagh to lead merger -newspaperThe integration team tasked with merging Switzerland's two largest banks is to be headed by UBS's chief technology officer and Credit Suisse's chief operating officer, the Tages-Anzeiger newspaper reported on Saturday. UBS now twice the size of the Swiss economy. Bit scary. The Credit Suisse zombie is dead But a monster rises instead A giant UBS Wades out of the mess Will the Swiss come to view it with dread?
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UBS's Dargan and Credit Suisse's McDonagh to lead merger, Tages-Anzeiger reportsThe integration team tasked with merging Switzerland's two largest banks is to be headed by UBS's chief technology officer and Credit Suisse's chief operating officer, the Tages-Anzeiger newspaper reported on Saturday. Is the owner of CBS Amroman or Amroscandinavian?
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Credit Suisse accessed billions in liquidity last weekend - finance ministerCredit Suisse tapped the Swiss National Bank for 'a large multi-billion amount' last weekend to secure its liquidity, the country's finance minister Karin Keller-Sutter told Swiss broadcaster SRF on Saturday. Since their bailout out from Swiss National and then the merger with UBS one could hope they will fix their negative returns and increasing debt. However, I think now there will be no accountability for the mistakes made within Credit Suisse and the board. Well, add UBS to it. 😳😂
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