Credit Suisse

Credit Suisse to axe 2,000 more investment banking jobs

By
Posted

Switzerland’s second-biggest bank said it would shave an additional $821 million off costs and cut 2,000 more jobs from its global markets division.

Hitachi ups ante in Italy’s Ansaldo by buying more shares

Hitachi has bought more shares in Ansaldo STS to take its overall stake in the Italian-based rail signalling group to just under 50 percent as it strengthens its grip in a growing row with minority shareholders.


Carlyle steps up Japan deal pace as governance reform kicks in

Carlyle has invested half of the $1 billion in its third fund after buying six Japanese companies since it started investing in 2014


SoftBank returns to Hollywood with $250m investment in talent agency WME-IMG

SoftBank was active in Hollywood entertainment properties a couple of years ago acquiring video site DramaFever and a stake in Legendary Entertainment, a producer of the Batman films.


Japan’s pension fund names Hiroshi Komori as head of new group

The Government Pension Investment Fund (GPIF) of Japan has appointed Hiroshi Komori to lead the newly-established Stewardship Enhancement Group.


British, Australian regulators sign fintech support pact

Some fintech innovations include automated financial advice, crowd-sourced equity funding, digital payments and blockchain business models.


Advent raises $13b private equity fund even as managers struggle to spend

The latest fund will pursue the same strategy as its predecessor funds, investing in buyouts, recapitalizations and growth equity transactions, primarily in Europe and North America and selectively in other regions such as Asia and Latin America.


S Korean biotech firm Sillajen raises $12m from Medivate Partners

Sillajen, a South Korea-based oncolytic immunotherapeutic startup, has raised $12 million funding from Medivate Partners, a private equity and venture capital firm investing in Asia and North America biotech and healthcare industry. Sillajen is currently in Phase III multi-national clinical development in US, Europe and Asia. The firm plans to use the latest round of funding to complete its on-going Phase III study of its… Read more »


Next boss at Australia bourse to face global merger upheaval

The Australian bourse runs Asia’s largest interest-rate derivatives market and the 12th-biggest global equity venue.


Foxconn working towards cutting planned investment into Sharp

Taiwan’s Foxconn is working towards reducing its planned investment into loss-making Japanese electronics firm Sharp Corp by around 100 billion yen ($893 million) from an initial plan of 489 billion yen.