![]() The takeover “comes with huge integration risks, but we think once we get through that, the clear value that can be created is very obvious”, he said at the Wall Street Journal’s CEO Council Summit in London. UBS is trying to close the deal shortly, with the European Union’s executive branch signing off on it on Thursday.Ī day earlier, UBS chairman Colm Kelleher said Switzerland’s largest bank is “worried about cultural contamination” and has used what he dubbed a “culture filter” to determine whom to bring over from Credit Suisse. The Swiss government hastily orchestrated a 3.25 billion dollar (£2.64 billion) takeover of Credit Suisse by UBS in March after Credit Suisse’s stock plunged and customers quickly pulled out their money, fearing its collapse could further disturb global financial markets following the failures of two US banks. The once-venerable Swiss lender has seen a string of scandals over the years that hit the heart of its business, ranging from bad bets on hedge funds to failing to prevent money laundering by a Bulgarian cocaine ring and accusations it did not report secret offshore accounts that wealthy Americans used to avoid paying US taxes. Mr Ivanishvili claimed damages of nearly 554 million dollars (£449 million) in that case. The bank has appealed against a decision by the Supreme Court of Bermuda that Credit Suisse failed to prevent “fraudulent mismanagement” of Mr Ivanishvili’s assets in two life insurance policies taken out with Credit Suisse Life, a subsidiary based in the island territory. Con i tempi che corrono, amministrare i soldi in modo giusto può rivelarsi molto. Controlla pagamenti, carte di credito, investimenti, scarica Money Manager Ex gratis. Grazie a Money Manager Ex potremo controllare le nostre finanze. She added that any payout in a related case in Bermuda must be reduced so there is not “double recovery”. 8/10 (19 valutazioni) - Download Money Manager Ex gratis. ![]() “The defendant is liable to compensate the plaintiffs for their loss,” which has been calculated at 926 million dollars (£751 million), minus the amount of the settlement, Judge Patricia Bergin said in a ruling. The bank has previously acknowledged that it did not take reasonable steps to protect the trust’s assets as of the end of 2008 and agreed to pay more than 79.4 million dollars (£64.4 million) last year in a settlement. Details Money Manager Ex is a open-source, free, cross-platform, easy-to-use. “Credit Suisse Trust Limited intends to vigorously pursue an appeal.” MoneyManagerEx for Android is a port of the PC/Desktop personal finance application, currently available for Windows, Mac OSX and LINUX. ![]() “The judgment published today is wrong and poses very significant legal issues,” Credit Suisse said in a statement.
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