The End of an Era: Credit Suisse Becomes Debit Suisse
Fact Pattern UBS announced on 19 March 2023 that it would acquire Credit Suisse in an all-share transaction to rein a crisis of confidence that threatened to spread through global financial markets. Analysis Notwithstanding the guarantees encompassing billions in losses and offering unlimited access to funds from the Swiss National Bank (‘SNB’), shareholders are […]
Layoff Contagion: From Finance to Tech
It was perhaps only a matter of time before the next round of layoffs arrived. Two weeks ago, Goldman Sachs laid off approximately 3,200 employees of 6.5% of its workforce. Last week, Microsoft laid off
Trouble on Wall Street: Goldman Sachs’s Disappointing Quarter
On 17 January 2022, Goldman Sachs reported disappointing fourth quarter results with a 69 per cent drop in profit as it struggled with ‘a slump in dealmaking, a drop in asset and wealth management revenue and
Uber Luxe: Rolls-Royce is Seriously Ballin
Whilst 2022 has undoubtedly been a tough year, there was consolation in the fact that everybody was experiencing some form of adversity. Some of us lost our jobs, others worried about rental and mortgage payments, and the super
Looking Forward: Cryptocurrency Investing in 2023 for the True Believers
2022 was a biblically bad year for crypto. With bitcoin and ether shedding approximately two-thirds of its value, stablecoins TerraUSD and LUNA de-pegging, and the collapses of various crypto firms
‘Chief Twit’ Set to Depart Twitter?
On 18 December 2022, Elon Musk polled twitter on whether he should step down as CEO – promising to abide by the results. With over 17 million participants, most of the voters said yes.
Helloes and Goodbyes: HSBC Bids Farewell to Canada
On 29 November 2022, HSBC entered into an agreement to sell its Canadian business to the Royal Bank of Canada (‘RBC’) in a cash deal for USD $10 billion or CAD $13.5 billion. The news should come as little surprise
Out With the Old, In With the New: FAANG 2.0
The original FAANG acronym represented the tech powerhouses (i.e. Facebook, Amazon, Apple, Netflix, and Google) that enjoyed tremendous growth over the last decade as the economy became increasingly digitalised and thrived during the pandemic. But on
Squeeze that GameStop: Power to the Players! Errr, I mean Retail Investors
An issue which has caught my attention in the alternative asset space stems from the recent episode of US video game retailer GameStop. In brief, Citron Research, a high-profile short-selling activist investor submitted