Zurich, Frankfurt The struggle for the future of Credit Suisse is over: UBS takes over the second largest Swiss bank. The Swiss National Bank (SNB) is supporting the emergency merger with liquidity assistance amounting to CHF 100 billion, as the government, financial regulator and the two banks announced in a joint press conference. UBS pays … Read more
New York Orlando Bravo is hardly known in Germany, but the investor is a phenomenon in the USA. With his private equity firm Thoma Bravo, he specializes exclusively in software companies. Now he predicts a future “in which there will be many publicly traded software companies that are orphaned”. In this environment, Bravo senses its … Read more
Stamford Bridge The English capital club are set to be sold after oligarch Roman Abramovich was forced to relinquish control. (Photo: Reuters) London The co-owner of the US basketball club Boston Celtics throws his hat in the ring during the sale of the London football club Chelsea FC. US investor Stephen Pagliuca on Tuesday announced … Read more
Siltronic site in Freiberg CEO Christoph von Plotho ruled out a capital increase for the current year. (Photo: dpa) Munich The high-tech group Siltronic wants to become more profitable despite rising costs. This year, 34 to 37 percent of sales should remain as earnings before interest, taxes, depreciation and amortization, as the company announced on … Read more
Stefan Reuss, President of the Savings Banks and Giro Association of Hesse-Thuringia Reuss’ association wants to remain the driver for a central institute. (Photo: dpa) Frankfurt Despite several setbacks, the savings banks in Hesse and Thuringia continue to rely on consolidation among the leading public institutions. He never tires of “advertising that we, as a … Read more
New York A week ago, Warren Buffett complained that he still couldn’t find any good takeover targets. The company valuations are still too high, wrote the star investor in his letter to the shareholders. Therefore, the CEO of the Berkshire Hathaway conglomerate has recently focused on expanding company holdings. His latest coup: he bought large … Read more