Credit Suisse Challenging Court Ruling to Pay Hedge Fund
According to Channel News Asia, Credit Suisse is challenging a court ruling ordering it to pay a U.S. hedge fund $287.5 million in a case linked to the sub-prime housing crisis.
According to Channel News Asia, Credit Suisse is challenging a court ruling ordering it to pay a U.S. hedge fund $287.5 million in a case linked to the sub-prime housing crisis.
Anthem announced it will buy rival health insurer Cigna in a deal valued at $54.2 billion. Anthem said committed financing will be provided by Bank of America, Credit Suisse and UBS Investment Bank to support the acquisition.
A subsidiary of Chinese photvoltaic solutions company JinkoSolar has signed a $150 million loan agreement with Credit Suisse and several other financial institutions.
Bluestem Group said it completed its acquisition of Orchard Brands for $410 million. The deal was funded by a new term loan and a new ABL facility led Credit Suisse and U.S. Bank.
Halcyon Agri said it completed a refinancing of up to $413 million with mandated lead arrangers ABN AMRO, Credit Suisse and DBS.
UBS Group AG and Credit Suisse Group AG would probably suffer substantial losses in a financial crisis, the Swiss National Bank reportedly said, lending weight to a government plan to impose bigger capital buffers.
First Data announced a $1.25 billion revolver, replacing First Data’s existing $1 billion facility which was due to mature in September 2016. Credit Suisse, Cayman Islands Branch acted as administrative agent.
Capitol Acquisition announced Lindblad Expeditions, Capitol’s proposed merger partner, entered into its previously announced new credit agreement with Credit Suisse AG as administrative agent.
UBS reportedly may combine its investment banking arm with that of Credit Suisse to create a top player, Eric Knight, head of activist investor Knight Vinke, was quoted as saying.
The Board of Directors of Credit Suisse Group AG appointed Tidjane Thiam as the new CEO. He will take over this position from Brady W. Dougan, who will step down at the end of June 2015 after eight years as CEO.