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UBS Group AG has acquired a 6.72% voting rights stake in BBGI Global Infrastructure S.A., signaling its strategic interest in the company and potentially influencing future decisions. Despite a recent analyst rating of Sell with a £1.35 price target, BBGI's overall stock score reflects a balanced view, highlighting strengths like a robust balance sheet and high dividend yield, while also noting challenges such as declining revenue and cash flow issues.
The Federal Supreme Court has denied compensation claims from a couple who lost money on their Credit Suisse shares, purchased shortly before the bank's collapse. They sought CHF 54,601 from the Confederation, arguing they relied on the Federal Council's assurances of the bank's stability. After the UBS takeover announcement, they sold their shares for CHF 30,187, significantly less than their initial investment.
Banco BPM plans to appeal to an administrative court against the suspension of UniCredit's takeover bid, as stated by CEO Giuseppe Castagna. He emphasized that the current impasse is hindering Banco BPM's participation in the active mergers and acquisitions landscape within Italy's banking sector.
The Swiss Confederation is appealing to the Federal Supreme Court against a ruling that annulled the reduction or elimination of bonuses for former Credit Suisse executives. The Federal Department of Finance had ordered these cuts after state aid was provided to the bank, but the Federal Administrative Court deemed the measures unlawful, citing the protection of contractual rights and the lack of evidence linking executives to the bank's financial issues.
Switzerland is embroiled in a dispute over the bonuses and salaries of former Credit Suisse executives, following the bank's takeover by UBS in March 2023. The Federal Department of Finance is appealing a ruling by the Federal Administrative Tribunal that deemed the reduction of these payments illegal, arguing that extraordinary circumstances surrounding the acquisition were not considered. The case will now be decided by the Federal Supreme Court.
Deutsche Bank AG, a leading German banking group, is executing a significant risk transfer on $3 billion in corporate loans. The bank's income is diversified across various sectors, with retail and private banking at 35.1%, investment and market banking at 35.6%, and corporate banking at 24.9%. As of the end of 2024, it managed EUR 666.3 billion in deposits and EUR 478.9 billion in loans through a global network of 1,307 branches.
A couple who purchased 38,000 Credit Suisse shares shortly before its takeover by UBS has had their complaint against the Swiss Confederation dismissed by the Swiss Federal Supreme Court. They sought compensation for their losses, claiming reliance on reassurances from the Federal Council, but the court ruled that the state was not liable as no illegal act was committed. The couple sold their shares at a significant loss after the takeover announcement, resulting in a claim for CHF 54,601 in damages.
The Federal Department of Finance is appealing a Federal Administrative Court ruling that deemed unlawful its cuts to variable remuneration for former Credit Suisse executives, totaling around CHF 60 million. The court found that these bonuses were guaranteed claims protected by ownership rights, and the FDF argued that extraordinary circumstances surrounding UBS's takeover of Credit Suisse were not adequately considered. UBS shares rose 0.64% following the news.
Braime Group PLC has secured a GBP2 million loan from HSBC Holdings PLC to finance the replacement of the roof at its Leeds headquarters. The loan carries an interest rate of 2.5% above the Bank of England base rate and will last for either 18 months or until the project is completed, with plans to convert it into a five-year loan afterward. The company's current stock price is 636.00 pence, reflecting a 29% decline over the past year.
Switzerland's Federal Supreme Court has rejected a couple's claim for 54,600 francs in damages against the government over losses from Credit Suisse shares. The couple argued that they relied on positive government statements about the bank's financial health before its takeover by UBS in March 2023. The court found no grounds for compensation, stating that the government's use of emergency law for the takeover was justified.
Finance Mergers & Acquisitions
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UBS Group AG Acquires 6.72 Percent Stake in BBGI Global Infrastructure
14:57 23.05.2025
Federal Supreme Court Denies Compensation to Credit Suisse Shareholders
14:38 23.05.2025
Banco BPM to Appeal Suspension of UniCredit Takeover Bid
14:24 23.05.2025
Swiss Confederation Appeals Court Ruling on Credit Suisse Executive Bonus Cuts
14:22 23.05.2025
Switzerland Government Appeals Ruling on Credit Suisse Executive Bonuses and Salaries
14:02 23.05.2025
Deutsche Bank Engages in Major Risk Transfer on Three Billion Dollar Loans
13:46 23.05.2025
Swiss Court Dismisses Shareholder Claims Against Federal Council Over Credit Suisse Losses
13:42 23.05.2025
Federal Supreme Court to Review CS Bonus Cuts Amid UBS Merger Controversy
13:42 23.05.2025
Braime Group Secures GBP2 Million Loan for Headquarters Roof Replacement
13:20 23.05.2025
Swiss Supreme Court Denies Compensation for Credit Suisse Shareholder Losses
13:08 23.05.2025
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