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Credit Suisse Raises $6.2bn Capital

Credit Suisse has executed a definitive agreement with strategic investors, Qatar Holding LLC and The Olayan Group, to issue an aggregate of approximately $6.4bn of Tier 1 buffer capital notes to be paid up no earlier than October 2013 for cash or in exchange for Tier 1 capital notes issued in 2008.

Thank God You've All Still Got Jobs

The Australian reports that John Fraser, Chairman and CEO of UBS Global Asset Management, told the newspaper that compensation levels in the banking industry are 'remarkable'.



Goldman Sachs Blink

Goldman said on course for legal battle

The Bank of Portugal has stuck to a decision to keep a loan linked to Goldman Sachs in a 'bad bank' carved out after the rescue of Banco Espirito Santo (BES), putting the central bank and Goldman on course for a legal battle.


BNY Mellon results hit by legal costs

BNY Mellon has said it included an additional after-tax legal expense of $598m to its reported fourth-quarter results, anticipating resolution of foreign exchange-related actions and other matters.