The Swiss government has awarded an advisory mandate worth up to 8.7 million Swiss francs ($9.70 million) to Alvarez & Marsal Switzerland, linked to the rescue of Credit Suisse , according to state procurement platform Simap.ch on Monday.
The logo of Credit Suisse is pictured in front of the Swiss Parliament Building, in Bern, Switzerland, March 19, 2023. REUTERS/Denis Balibouse/File PhotoZURICH, April 17 - The Swiss government has awarded an advisory mandate worth up to 8.
A spokesperson for the Ministry of Finance said that Alvarez & Marsal would provide advice to the government during the negotiations to draw up a detailed agreement with UBS and in the liquidation of the assets.Ten days ago, the Ministry of Finance also awarded the law firm Niederer Kraft Frey a contract to advise on the contractual implementation of the granting of the guarantee. The Ministry of Finance will pay up to CHF 10.3 million for this service.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Credit Suisse fund outflows widen to $5.6 billion following UBS tie-upOutflows from Credit Suisse branded investment funds have accelerated in the weeks since its historic merger with Swiss rival UBS, as investors continue to...
Weiterlesen »
15 stocks that will post strong results in a weak Q1: Credit SuisseThese 15 stocks will matter the most to corporate profits during a quarter where earnings will fall again, according to Credit Suisse
Weiterlesen »
Breakingviews - Rivals can feast on Credit Suisse client spoilsRivals are queueing up for a slice of UBS’s enlarged wealth management pie. A government-sponsored takeover of Credit Suisse should on paper allow Switzerland’s largest lender to boost its rich clients’ asset pot to a staggering $3.4 trillion. But new boss Sergio Ermotti should plan for a significantly smaller amount.
Weiterlesen »
Rivals can feast on Credit Suisse client spoilsUBS’s wealth assets may soar to $3.4 trln after buying its main competitor. Yet, smaller challengers are looking to poach private bankers, and clients will diversify away from the new mega-bank. And rival financial hubs have a golden opportunity to dent the Swiss wealth crown.
Weiterlesen »
UBS says buy this 'underappreciated' software stock that can go up 35%The bank initiated coverage on Okta with a buy rating and a price target of $100, which implies 35% upside from Friday's closing price.
Weiterlesen »
Why investors are worried about looming credit crunch, harsh recessionCredit crunch fears are taking hold, fueling concerns of a crippling US recession. Here's why investors are so worried about lending drying up.
Weiterlesen »