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The Week That Perished - Taki's Magazine

The Week That Perished - Taki's Magazine
takimag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from takimag.com Daily Mail and Mail on Sunday newspapers.

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Barclay Clan's Company to Refinance $200 Million Greensill Loan

Barclay Clan's Company to Refinance $200 Million Greensill Loan
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Weekly Ratings, Targets, Forecast Changes - 14-05-21

By Mark Woodruff
Guide:
The FNArena database tabulates the views of seven major Australian and international stock brokers: Citi, Credit Suisse, Macquarie, Morgan Stanley, Morgans, Ord Minnett and UBS.
For the purpose of broker rating correlation, Outperform and Overweight ratings are grouped as Buy, Neutral is grouped with Hold and Underperform and Underweight are grouped as Sell to provide a Buy/Hold/Sell (B/H/S) ratio.
Ratings, consensus target price and forecast earnings tables are published at the bottom of this report.
Summary
Total Upgrades: 10
Net Ratings Breakdown: Buy 54.77%; Hold 38.50%; Sell 6.73%
For the week ending Friday 14 May, there were ten upgrades and eight downgrades to ASX-listed companies by brokers in the FNArena database. ....

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Credit Suisse Blow-Ups Give Gottstein a Crash Course in Risk

Credit Suisse Blow-Ups Give Gottstein a Crash Course in Risk
Bloomberg
12/14/2020
Patrick Winters, Donal Griffin and Marion Halftermeyer
(Bloomberg) Two months after Thomas Gottstein took over at Credit Suisse Group AG following a damaging spying scandal, the new chief executive found himself defending losses the bank had incurred in one of Asia’s most spectacular accounting frauds: Luckin Coffee Inc.
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It was only the beginning. From questionable deals arranged for SoftBank Group Corp. to a $450 million hit from an investment in hedge fund York Capital, Gottstein has confronted one setback after the next in his short reign atop Switzerland’s second-largest lender. The losses and scandals, many of which he inherited, have compounded the damage inflicted by the global pandemic and now threaten to plunge the bank to a fourth-quarter loss. ....

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