This Month
Why Trump tariffs have upped the risk of a private credit GFC
It remains to be seen what risk triggers Trump 2.0 will bring and what contagion might flow within and between the regulated and NBFI sectors.
March
The hidden dangers of booming family offices
Private wealth management companies for the super-rich now manage trillions of dollars globally. Critics say they are open to abuse.
UBS promotes five Australian bankers to coveted top global tier
Last year, just two local staff were given the title of managing director. But the smooth integration of Credit Suisse helped build a case for an increase.
February
Who’s afraid of the big, bad sabbatical?
This leave policy is a deeply misunderstood corporate benefit. Once largely confined to academia, it is still a luxury in many countries, yet also more prevalent than imagined.
January
UBS equities syndicate exec jumps to Morgans
Tim Usasz will report to Morgan’s head of corporate advisory Rob Douglas
Asset managers see opportunities in APRA’s bank hybrid ban
Investors will have to find somewhere to park $43 billion in capital after the prudential regulator decided to phrase them out. Some firms see their chance.
UBS set to settle Credit Suisse US tax case, WSJ reports
A settlement in the hundreds of millions of dollars related to a decade-old tax evasion case could come as soon as this week, The Wall Street Journal reported.
Blackpeak’s Max Billingham joins Bronte crew with $15m villa
Blackpeak’s Max Billingham has paid $14.8 million for a mansion overlooking Bronte Beach, while Darling Point’s historic Babworth House clocks a new high.
Six leadership and investing lessons from cricket
Lifelong cricket fan and seasoned investment executive John Knox reflects on the impact of the game on his career.
October 2024
Wong backs US threat; Mortgage wars return; $1b founder growth tips
Read everything that’s happened in the news so far today.
What about me? UBS, Credit Suisse tech integration misfires with advisers
Street Talk understands wealth advisers are fired up about a global edict that will keep them wedded to the Credit Suisse platform.
Barrenjoey nabs CLSA operative to head up global sales
Street Talk understands CLSA institutional equity salesperson Amy Mallace has jumped across to the “vertical village”.
September 2024
Industry veteran builds ‘better’ model to pick ASX winners
Former Credit Suisse alumni John Birkhold has spent years developing a model that undoes traditional ways of investing – he’s now about to turn it on the ASX.
Why is APRA trying to blow up the hybrid market?
The prudential watchdog wants to boost bank leverage and raise the risks depositors and taxpayers face in the name of ameliorating its regulatory complexity.
July 2024
Archegos founder Hwang found guilty over fund’s $53b collapse
The Archegos meltdown in 2021 sent shock waves across Wall Street and drew regulatory scrutiny on three continents.
Credit Suisse COO set to pop up at Westpac
Street Talk understands chief operating officer Katrina Glover has left the Swiss investment bank after 19 years.
June 2024
Goldman Sachs hires Mark Davis to run equities
The Wall Street firm has tapped the former Credit Suisse operative to run its equities arm after Jefferies Australia raided its top talent.
May 2024
Why this Trump acolyte is key to finding some of Greensill’s billions
The fight to recover funds owed to Credit Suisse clients has landed with West Virginia coal baron and senate hopeful Jim Justice and a small Virginia bank.
April 2024
How government debt could blow up the global financial system
As Western governments shy away from debt reduction and structural reform, investors must reassess their view of “safe” assets.
GFG Alliance drags its heels on paying Greensill Capital debts
Sanjeev Gupta’s global steel group has not yet paid any of the $900 million it owes to the collapsed supply chain finance firm, despite another debt deal in March.