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the relentless scandals leading to the collapse of credit suisse

In 2023, Credit Suisse's collapse shocked the global banking sector, but its history of scandals suggested an inevitable downfall. Duncan Mavin, author of *Meltdown: Greed, Scandal, and the Collapse of Credit Suisse*, highlights the relentless nature of the bank's crises and a toxic culture that thwarted recovery efforts by executives.

the rise and fall of credit suisse a history of scandals

In 2023, Credit Suisse's collapse sent shockwaves through the global banking sector, a culmination of scandals dating back to its founding 167 years ago. Bloomberg editor Duncan Mavin, author of *Meltdown: Greed, Scandal, and the Collapse of Credit Suisse*, discusses the bank's lesser-known crises that contributed to its downfall. Mavin's insights reflect over a decade of covering banking malfeasance, with Credit Suisse frequently at the center of the narrative.

Beatriz Martin leads Credit Suisse integration as potential successor to Ermotti

Beatriz Martin, UBS's Head of Non-Core and Legacy Operations, is successfully managing the integration of Credit Suisse, stating the process has been easier than anticipated. With over 90% of her team from CS, she emphasizes the need for cultural change and plans to focus on growth in Europe post-2026, when her role expires. Martin is seen as a strong candidate to succeed Sergio Ermotti.

ubs reports on credit suisse restructuring progress under beatriz martin

UBS Group AG's acquisition of Credit Suisse Group AG in March 2023 marked a significant moment for European banking, crucial in mitigating a global financial crisis. Beatriz Martin, leading the non-core and legacy operations, is pivotal in restructuring efforts, evaluating which assets to retain or wind down. In a recent episode of "In the City," she shared insights on the ongoing process and strategy.

insurers lobby for medicare advantage reforms amid rising costs and market changes

Insurers are advocating for improvements to Medicare Advantage (MA) as they face challenges from recent payment cuts and increasing deductibles. With open enrollment underway, companies like Humana and Elevance Health are adjusting benefits, leading to concerns about access and affordability for millions of beneficiaries. Lobbying efforts are intensifying, with significant contributions to both Republican and Democratic candidates as the 2024 election approaches.
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