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Standing in for my editor to moderate a seminar at this year s St Gallen Forum themed on restoring trust in financial services, I tossed UBS Asia-Pacific president Edmund Koh, a fellow panellist, what in baseball analogy might be called a curveball. The New York-headquartered family office Archegos Capital Management had just collapsed, causing huge losses for UBS and even more for rival Credit Suisse. Incredibly, news reports suggested that the potential fee reward from all the billions in leverage risked with Archegos was in the teen millions. Please subscribe or log in to continue reading the full article. Get unlimited access to all stories at $0.99/month ....
Several CEOs and directors in the mortgage and finance industry will be spending a night without shelter to help change the lives of Australians experiencing homelessness. ....
Laut ATV-Umfrage traut nur ein Viertel der SPÖ-Wähler Pamela Rendi Wagner eine sehr erfolgreiche Oppositionspolitik zu. Sie gelte als staatstragend. ....