In Terres-Sainville, the Au Lèche Doigts pastry shop has been established since 1972. Created by Henri Sébastien, it was taken over twenty years ago by his son Michael Dellevi, who inherited his father’s passion as well as some of his his recipes that he always offers to his customers.
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March 21, 2023
UBS wants to keep Credit Suisse’s IB as it sees synergies with private
written by Alexandra Hartman Editor-in-Chief
UBS opened negotiations to suspend the transfer of assets from investment bank from Credit Suisse to banker Michael Klein (nothing to do with the Via Varejo shareholder).
The news is from Financial Times.
“The deal was done when the bank had a gun pointed at its head,” a person close to UBS told the FT. “We are not here to enrich Michael Klein at the expense of our shareholders.”
In the midst of CS restructuring, Klein – a protégé of the legendary Sandy Weill, who was even considered for the command of Citi – had closed an agreement with the executives of the Swiss bank in October. But now, UBS is having second thoughts.
Klein, who was previously on the CS board, negotiated the merger of his M&A boutique with Credit Suisse’s investment banking business. The idea was to make a spinoff of that business and listing it on the Stock Exchange, rescuing the First Boston brand, which made Wall Street history in the 1990s. Klein would be a minority shareholder, while CS would maintain control.
To make the deal viable, CS agreed to pay US$ 175 million for M. Klein & Company – a transaction concluded in February, weeks before the purchase by UBS. Klein also took US$ 10 million (in physics) to advise on the restructuring of the investment bank.
Now, UBS wants to give up the spinoff and is willing to break the contract with Klein – paying the lowest break-up fee possible.
According to the FT, the idea of relaunching First Boston will be abandoned because UBS sees parts of CS’s IB business as “complementary” to its own – particularly the US teams and in the technology sectors, where the bank has historically built a large franchise. .
“We know that tech entrepreneurs are the wealth creators of the future,” UBS CEO Ralph Hamers said on a conference call with analysts on Sunday, according to the FT. According to the newspaper, the CEO also wants to retain bankers specialized in pharmaceuticals, media and telecom, sectors that UBS believes can generate good clients for its private bank.
Giuliano Guandalini and Geraldo Samor
BY: FERNANDO VALDIVIA CORREA
In the midst of a state of emergency due to the torrential rains caused by Cyclone Yaku that have caused the fall of mudslides both in the capital and in the interior of the country, leading to the loss of millions of Soles due to the destruction of public and private property, Rosa Gutiérrez she left the position of Minister of Health to go to the United States of America and participate in a meeting convened by the Pan American Health Organization.
Faced with the emptiness left, a hasty Premier managed to excuse her by saying “health is well cared for”; However, what drew attention was that Mrs. Gutiérrez traveled with her youngest son (11 years old). In the face of her criticism, she declared that “I have always stated that I am a mother and a father, and my role as a mother will take precedence in any situation.” Tender message. Now, let’s land.
In March of last year, the then head of Defense, José Luis Gavidia, traveled to Huánuco to participate in the start of the school year, accompanied by his three daughters (11, 15 and 31 years old), staying in that city for 3 days. Immediately, the Ministry of Defense tried to justify it by pointing out that “His daughters were included in these flights, because by that date he had to comply with his parental care, according to the visitation regime assumed.” Minutes later, Gavidia’s excuse was in the same sense.
On that occasion I wrote “…, it is clear that he fully fulfills his role as a father, regardless of the age of his children. That says a lot regarding him, and it’s a good time so be it. But that is not up for debate. What yes, is the exercise of the public function in one of the positions of highest functional performance: To exclusive dedication. We understand that it is one thing to take the son to the office for various reasons…, and another is to transfer him on secondment, with the consequent risk that this implies (something that has not been written regarding, since the position of Minister of State per se carries the risk of his own life, having unnecessarily exposed his offspring)…”. For this reason, the Prosecutor’s Office initiated a preliminary investigation for the alleged crime of embezzlement once morest Mr. Gavidia.
It is clear then the tremendous irresponsibility committed by Mrs. Gutiérrez, first to be absent unnecessarily during the aforementioned catastrophe (she might well have given the task to one of her vice ministers); second, by having exposed the integrity of the child (we understand that he is in class, unless he studies at a national school, in addition to the inexcusable response of not having anyone to leave him with); and, third, for not correctly assessing the position held (Senior Management); that is, there is an entry time, but not an exit time.
The Minister is right when she indicates that the family comes first, although work is also first, since her portfolio represents the health care of all Peruvians.
Singer Jean-Pierre Ferland has regained his health. Hospitalized in February, the 88-year-old man returned home a few weeks ago and “is doing great,” said his wife Julie-Anne Saumur at the microphone of Sophie Durocher on her Tuesday show on QUB radio.
“He is really happy to find his bearings and his home. We are looking forward to spring. Jean-Pierre talks regarding it every day, he can’t wait to go outside to see his flowers, enjoy his land and his summer, ”she explained.
Quebecers had not heard from Jean-Pierre Ferland’s state of health since his hospitalization last February.
His wife wanted to reassure the general public by answering questions from Sophie Durocher, friend and biographer of the singer.A chance that we have.
Medication problem
She recalled that it was a medication problem that had made the singer abnormally agitated before his hospitalization.
“Something wasn’t working, so I called and they came to get him,” she says. It took a month and a week to analyze what was going on with him, because for a man of his age, this kind of adjustment takes a long time. It was very difficult for both of us. »
During his stay in the hospital, the singer missed his dog with whom he usually spends a lot of time. “I tried everything so that he might see her a little, but since the pandemic, pet therapy is no longer possible in hospitals, she laments. But the dog was in the car when he got out of the hospital, so he was happy. »
Visitors
Since his return to his home in Saint-Norbert, Jean-Pierre Ferland has had the pleasure of receiving visits from a few friends and some members of his family, including his brother who lives nearby. “It brought us closer,” says Julie-Anne Saumur.
The artist was happy to speak with his good friend Clémence DesRochers on the phone last weekend. “It was nice to hear them talking to each other like that.”
“He knows he is loved, everyone tells him, adds the one who says she is touched by the concern of the media and the public regarding the state of health of Jean-Pierre Ferland. People talk to him more than before. I tell him: it’s because he loves you my love. At the grocery store, people say to him: Jean-Pierre, you have changed my life, I love you! Even more than before. »
Last summer, on June 24, his birthday, Jean-Pierre Ferland had a bad fall. “A really silly accident,” his spouse then declared to the Journal.
Blood had pooled around his lungs from the fall and had to be removed, forcing him to be hospitalized a few weeks later last August.
The singer’s last public outing dates back to December 17, when he attended the funeral of his friend, artist Jean Lapointe, at Saint-Viateur Church in Outremont. He then told the Journal “to be very fit. »