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worldspotlightnews · 1 year

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The forgotten rescue plan that could prevent another SVB-like collapse | CNN Business

A version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio version of the newsletter by clicking the same link. New York CNN — After Silicon Valley Bank and Signature Bank failed, the US government stepped in with an extraordinary measure to rescue customers, some of whom held many millions of…

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reportwire · 1 year

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Credit Suisse delays annual report after 'late call' from the SEC | CNN Business

London CNN — Credit Suisse can’t catch a break. In the latest piece of troubling news, the beleaguered Swiss bank has delayed the publication of its 2022 annual report following a “late call” from the US Securities and Exchange Commission on Wednesday evening. The SEC got in touch over revisions the bank had previously made to its cash flow statements for 2019 and 2020, Credit Suisse (CS)…

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watchdogclue · 1 year

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UBS takeover Credit Suisse for $3.25 billion.

Switzerland’s biggest bank, UBS, has agreed to acquire Credit Suisse in an emergency rescue deal for $3.25 billion to curb the impact of financial market instability. It said the rescue would “secure financial stability and protect the Swiss economy". READ MORE

#credit suisse group ag #finanzas #us economy #economic collapse #american bank #financial market news #credit suisse bank #swiss bank #silicon valley #business finance #investment banking

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balineza · 1 year

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so no internet from us το tumblr. no advertisings from tumblr to us >> 50 - 50 like SVB bank - Signature bank - First Republic Bank - credit suisse .. Deutsche Bank if you above the interest rates or you block the tags on tumblr all people is gone to money market products or other platforms see instagram - twitter

#balineza #svb #svb financial group #first republic bank #signature bank #credit suisse #deutsche bank

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mrmarts · 1 year

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Free Credit 💳 Card apply

Apply online for your Lifetime Free IDFC First Bank credit card and enjoy best in class benefits and rewards:

#credit cards #credit suisse group ag #credit to original owner #credit to the person who made this #credit score #banks #loan #financial #corporate #access

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cantinasocial · 1 year

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Cambiamento climatico e Sostenibilità in Cantina!

È quasi dicembre e fino a poche settimane fa si stava tranquillamente in maniche corte, non piove sul serio da mesi e fa sempre più caldo. Serve altro per riconoscere che c’è un problema con l’ambiente?Le cause sono certamente numerose e diverse. Partendo dal presupposto che è improbabile eliminarle perintero e risolvere magicamente il problema, quello che possiamo fare è smussarne i processi di…

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#amor soli #climate change #Credit Suisse e Kon Group #docg #prosecco #Prosecco Docg #valdo #valdo spumanti #Valdobbiadene Superiore DOCG

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creativitytoexplore · 2 years

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European markets bounce as global markets rally; Stoxx 600 up 2.5%

U.S. stocks open higher; Dow jumps 400 points U.S. stocks opened higher Tuesday as Wall Street sought to build on a sharp rally seen in the previous session. The Dow Jones Industrial Average jumped 388 points, or 1.3%, in early trade while the S&P 500 traded 1.9% higher. The Nasdaq Composite was also up 2.4%. — Karen Gilchrist Stocks on the move: Greggs up 9%, Drax down 7% Shares of British…

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#Abb Ltd #Accelleron Industries AG #Breaking News: Europe #business news #Credit Suisse Group AG #Drax Group PLC #France #Germany #Greggs PLC #ICE Brent Crude (Dec&x27;22)#Italy #STOXX 600 #WTI Crude (Nov&x27;22)

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cartierrings · 2 years

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Family offices are a $ 6 trillion behemoth in investments and deals

The post-pandemic wealth boom triggered an explosion in family offices, creating a new gold rush for Wall Street firms, private equity funds and investment advisors to manage the fortunes of the world’s richest families. Family offices now manage more than $ 6 trillion in wealth, according to some estimates, surpassing the estimated $ 4 trillion managed by hedge funds. They quickly became a…

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reportwire · 2 years

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Credit Suisse makes $2.98 billion debt-repurchase offers

Credit Suisse Group AG said Friday that it is offering to repurchase debt securities for a total of close to $3 billion as the troubled lender looks to manage its liabilities ahead of a touted restructuring. The Swiss bank CS, +1.66% CSGN, +3.13% is offering to buy back eight euro- or pound sterling-denominated senior debt securities for a total of up to 1 billion euros ($979.2 million,) it…

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dailyhantnews · 2 years

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Credit Suisse issues profit warning for second quarter, citing Ukraine war and rate hikes

A sign above the entrance to the Credit Suisse Group AG headquarters in Zurich, Switzerland, on Monday, Nov. 1, 2021. Thi My Lien Nguyen | Bloomberg | Getty Images Credit Suisse said on Wednesday that it is likely to post a loss for the second quarter as the war in Ukraine and monetary policy tightening squeeze its investment bank. In a trading update early Wednesday morning, the embattled…

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#Allfunds Group PLC #Banks #business news #Credit Suisse Group AG #Earnings #Markets

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smithleonardo · 2 years

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Les meilleurs PDG prédisent la suite des marchés

Des moniteurs affichent des informations boursières au Nasdaq MarketSite à New York, le vendredi 21 janvier 2022. Michel Nagle | Bloomberg | Getty Images Les principaux PDG et investisseurs ont adopté un ton optimiste sur les récentes ventes mondiales d’actions technologiques, disant à CNBC qu’il est peu probable qu’il se métastase en une crise de marché plus large. L’indice Nasdaq 100, riche en…

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#actualité économique #Amazon.com Inc #Banques #Credit Suisse Group AG #Davos - Forum économique mondial #Dernières nouvelles : Davos #Économie mondiale #États-Unis #Groupe Carlyle Inc #Indice NASDAQ 100 #Netflix inc.#politique #Publicis Groupe SA #Suisse #UBS Groupe SA

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clothinglennyco · 2 years

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Top CEOs predict what's next for markets

Top CEOs predict what’s next for markets

Monitors display stock market information at the Nasdaq MarketSite in New York, on Friday, Jan. 21, 2022. Michael Nagle | Bloomberg | Getty Images Top CEOs and investors have struck an optimistic tone on the recent sell-off global technology stocks, telling CNBC it’s unlikely to metastasize into a broader market crisis. The tech-heavy Nasdaq 100 index closed Monday’s trading down more than 26%…

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#Amazon.com Inc #Banks #Breaking News: Davos #business news #Carlyle Group Inc #Credit Suisse Group AG #Davos - World Economic Forum #NASDAQ 100 Index #Netflix Inc #Politics #Publicis Groupe SA #Switzerland #UBS Group AG #United States #World economy

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watchdogclue · 1 year

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#Credit Suisse share dropped , SWISS bank to provide financial aid

#credit suisse group ag #swiss bank #eurozone #share market #suisse #economy #silicon valley #economic collapse #switzerland

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pronoun-fucker · 2 years

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A researcher who lost her job at a thinktank after tweeting that transgender women could not change their biological sex has won her claim that she was unfairly discriminated against because of her gender-critical beliefs.

Maya Forstater suffered direct discrimination when the Centre for Global Development (CGD), where she was a visiting fellow, did not renew her contract or fellowship, an employment tribunal found on Wednesday.

The tribunal also ruled that Forstater, the executive director of Sex Matters, suffered victimisation with respect to the removal of her profile from CGD’s website.

Its decision comes after Forstater successfully brought a test case to establish that gender-critical views are a protected philosophical belief under the Equality Act. She initially lost that case at an employment tribunal in 2019 but won a landmark decision on appeal last year, with the judge stressing that while gender-critical views might be “profoundly offensive and even distressing to many others … they are beliefs that are and must be tolerated in a pluralist society”.

The case was then sent back to the tribunal to decide whether Forstater’s claim had been proved on the facts. It upheld two complaints of direct discrimination and one of victimisation. Two other complaints of direct discrimination and one of victimisation were unsuccessful.

The judgment stated: “Absent an explanation from the respondents, the facts are such that the tribunal could properly conclude that the tweets were a substantial part of the reason why Ms Forstater was not offered employment; and the respondent’s evidence, far from proving the contrary, supports the finding that they were …

“We reminded ourselves that it would be an error to treat a mere statement of Ms Forstater’s protected belief as inherently unreasonable or inappropriate.”

The tribunal examined a number of tweets by Forstater, including tweets in which she drew an analogy between self-identifying trans women and Rachel Dolezal, a white American woman who misrepresented herself as black, and another in which she said: “A man’s internal feeling that he is a woman has no basis in material reality.” It concluded that the tweets asserted her gender-critical beliefs.

It said the same of one that described self-identification as a woman as “a feeling in their head”, rejecting the suggestion that it equated self-identification with mental illness.

The tribunal also considered tweets in which Forstater said she was surprised people could say they believed that males could be women, and that they are “tying themselves in knots”.

It said they were “fairly mild examples” of mockery, adding: “Mocking or satirising the opposing view is part of the common currency of debate.”

The three-member panel, led by the employment judge Andrew Glennie, said a description of a Credit Suisse executive, Pips Bunce, who identified as a woman for part of the week, as a “part-time cross dresser” could have been put in “more moderate terms”.

But two of the three panel members said it “did not amount to an objectionable or inappropriate manifestation of Ms Forstater’s belief, given the context of a debate on a matter of public interest; the fact that Pips Bunce had put themself forward in public as a person who is gender fluid and who dresses sometimes as a woman and sometimes as a man”.

Responding to the decision, Forstater said: “My case matters for everyone who believes in the importance of truth and free speech. We are all free to believe whatever we wish. What we are not free to do is compel others to believe the same thing, to silence those who disagree with us or to force others to deny reality.”

She also thanked JK Rowling for standing by her. The Harry Potter author tweeted: “Every woman who’s been harassed, silenced, bullied or lost employment because of her gender critical beliefs is freer and safer today, thanks to the warrior that is @MForstater.”

Stonewall, the LGBTQ+ campaign group, said: “Today’s judgment … does not change the reality of trans people’s workplace protection. No one has the right to discriminate against, or harass, trans people simply because they disagree with their existence and participation in society.”

Amanda Glassman, chief executive of CGD, said: “We are reviewing today’s judgment, which found in favour of Ms Forstater on some claims, and dismissed others. CGD’s primary aim has always been to uphold our values and maintain a workplace and an environment that is welcoming, safe, and inclusive to all, including trans people.”

Remedies will be determined at a later date.

Link | Archived Link

#radical feminism #gender critical #transgender #trans activism #Maya Forstater

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mrmarts · 1 year

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#credit to the person who made this #financial #credit suisse group ag #loan

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usafphantom2 · 2 months

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Switzerland Planning To Retire F-5s In 2027

F-5

Credit: Tony Osborne/Aviation Week

Swiss commanders have outlined plans to retire the Northrop F-5 Tiger combat aircraft in 2027, bringing to an end its famous international aerobatic team, the Patrouille Suisse.

As the Swiss Air Force prepares for the arrival of the first Lockheed Martin F-35 Joint Strike Fighter in 2028, commanders have concluded that the service has “neither the need, personnel, finances or infrastructure,” to keep the F-5 Tiger fleet in operation during the transition to the F-35, service chiefs declared on March 15.

But the service’s F/A-18 Hornet fleet will continue to operate until 2030 once the F-35 has been introduced.

Commanders have already concluded that the Tigers cannot be used for air policing because of their outdated sensors and armaments. So the 25-strong fleet has been relegated to secondary duties, including target towing, training and aerobatic displays. Tiger operations, officials say, are currently relieving the F/A-18 Hornet fleet of such secondary tasks, extending Hornet life.

The F-5’s retirement will bring an end to the Patrouille Suisse aerobatic team, which has flown the F-5 since 1994, replacing Hawker Hunters.

Officials say they still want to retain a flight demonstration team “to demonstrate the work, capabilities and importance of the Air Force to a wide audience.” But the most sensible solution is to make the existing Swiss Air Force PC-7 display team—flying the Pilatus PC-7 turboprop trainer—the flagship aerobatic team for the service.

Maintaining the Patrouille Suisse’s operation of the F-5 beyond 2027 would demand investments to be made in ejection seats, aircraft avionics and navigation. At least 12 aircraft would need to be kept operational—10 single-seat and two twin-seat aircraft. Officials say such an investment would cost around 9 million Swiss francs ($10.2 million).

The plans will now be discussed with Security Policy Committees in the Swiss Parliament.

The pensioning off of the Patrouille Suisse could mark the beginning of the end for some of Europe’s best-known aerobatic teams, which are reliant on increasingly older aircraft. The Royal Air Force’s Red Arrows fly Hawks that are around 50 years old—the team is the last operator of the BAE Systems T1 model Hawk in the UK. Spain’s Patrulla Aguila team continues to fly the CASA C-101 Aviojet even though the type has been withdrawn from the training role. Italy had planned to introduce Leonardo’s M345 as the mount for the Frecce Tricolori that flies the Aermacchi MB339, but the transition has yet to take place due to the delayed introduction of the M345 into Italian service.

Based in London, Tony covers European defense programs. Prior to joining Aviation Week in November 2012, Tony was at Shephard Media Group where he was deputy editor for Rotorhub and Defence Helicopter magazines.

@AviationWeek .com via X

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