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The documentary "Game Over - The Fall of Credit Suisse," directed by Simon Helbling, explores the bank's downfall, highlighting a pervasive lack of accountability among its leaders. Interviews with influential figures, including Swiss Confederation President Karin Keller-Sutter and UBS CEO Sergio Ermotti, reveal insights into the culture of denial that contributed to the bank's failures. The film also addresses the bank's controversial role in the Mozambique loans and the ongoing plight of a former employee facing legal repercussions.
Deutsche Bank has extended CEO Christian Sewing's contract amid a management overhaul, while a deputy and another executive will depart. The bank's history includes significant expansions, mergers, and strategic shifts, with recent challenges involving service issues at Postbank and ongoing legal matters.
Deutsche Bank has extended CEO Christian Sewing's contract while announcing the departure of its deputy and another top executive as part of a management overhaul. This move solidifies the leadership team of Germany's largest lender as it embarks on the next phase of its turnaround strategy. The bank's modern history includes significant events such as its expansion into investment banking in 1989, the failed merger with Dresdner Bank in 2000, and the acquisition of Postbank in 2008, reflecting its evolving strategy and challenges over the years.
Deutsche Bank has extended CEO Christian Sewing's contract amid a management overhaul, while a deputy and another executive will depart. The bank's history includes significant events such as its expansion into investment banking, failed mergers, and recent legal challenges linked to Postbank. Despite service issues, Sewing has successfully restored profitability, securing a third term as CEO.
A Credit Suisse veteran, Richard Chandler, is calling for the return of bonuses awarded to executives despite significant losses, expressing his frustration over their negligence. Having worked at the bank for 53 years, he highlights a culture of prioritizing quick profits and criticizes past leadership for their role in the bank's decline. Chandler, who praised former CEO Oswald Grübel for his understanding of banking, began to lose faith in the institution following the Archegos and Greensill scandals.
"Game Over," a film about the collapse of Credit Suisse, premiered in Zurich, showcasing the dramatic downfall of the bank and its executives. While the movie highlights the greed and mismanagement of CS leaders, it leaves unanswered questions about the lack of accountability and the role of Swiss authorities during the crisis. The film, financed by Netflix, combines thrilling historical insights with a critique of the banking sector, yet rushes through key events leading to CS's demise.
Sergio Ermotti, CEO of UBS, views the integration of Credit Suisse as merely the beginning of a broader expansion strategy. Despite the accolades he has received, including "European Banker of the Year," he remains aware of the pitfalls that have historically befallen his predecessors in the banking industry.
The latest rich list reveals the Safra family maintaining their position with assets of 22.5 billion francs, while the Hinduja family saw a rise to 10.5 billion francs amid legal troubles. Martin Ebner's wealth increased to 3.8 billion francs despite losses from Temenos, and the de Piciotto family is valued at 2.3 billion francs. Bank managers like Sergio Ermotti and Boris Collardi are estimated at around 175 million francs, with Ermotti benefiting from a substantial salary and share value at UBS.
The latest rich list reveals the Safra family maintaining a stable fourth place in Switzerland with assets of CHF 22.5 billion, while the Hinduja family's wealth rose to CHF 10.5 billion amid legal troubles. Martin Ebner's assets increased to CHF 3.8 billion, bolstered by his stake in Temenos, despite a share price decline. The UBP founding family is valued at CHF 2.3 billion, with notable bank managers like Sergio Ermotti and Colm Kelleher estimated around CHF 175 million.
Sergio Ermotti has been named "European Banker of the Year" for 2023, recognizing his leadership during the integration of Credit Suisse into UBS. He views this merger as a potential model for future consolidations in the banking sector, despite facing criticism over his substantial salary.
Josef Ackermann
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the fall of credit suisse a documentary on mismanagement and accountability
United States Dollar
Credit Suisse Strategic Income I
Deutsche Bank Money Market PP
MOZ
USA
CHE
Simon Helbling
Oswald Grübel
Colm Kelleher
Josef Ackermann
Sergio Ermotti
Karin Keller-Sutter
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14:05 02.04.2025
deutsche bank leadership changes as ceo contract extended amid management revamp
Euro
United States Dollar
Deutsche Bank AG
GBR
DEU
PAN
USA
John Cryan
Josef Ackermann
Juergen Fitschen
Edson Mitchell
Gerhard Schroeder
Christian Sewing
Anshu Jain
Sandy Weille
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09:52 28.03.2025
deutsche bank extends ceo contract amid management changes and turnaround efforts
United States Dollar
Dresdner Bank, AG, Filiale Marsberg
Deutsche Bank Money Market PP
MERRILL LYNCH MLCX SX6L INDEX
Deutsche Postbank Global Player
Citigroup Inc.
GBR
DEU
USA
Rolf Breuer
Josef Ackermann
Juergen Fitschen
Edson Mitchell
Gerhard Schroeder
Christian Sewing
Anshu Jain
Sandy Weille
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09:52 28.03.2025
deutsche bank extends ceo contract amid management changes and turnaround efforts
United States Dollar
Deutsche Bank Money Market PP
GBR
DEU
PAN
USA
Rolf Breuer
John Cryan
Josef Ackermann
Juergen Fitschen
Edson Mitchell
Gerhard Schroeder
Christian Sewing
Anshu Jain
Sandy Weille
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09:52 28.03.2025
Credit Suisse veteran calls for return of bonuses amid bank losses
United States Dollar
Credit Suisse Strategic Income I
CHE
Oswald Grübel
Lukas Mühlemann
Thomas Wellauer
Josef Ackermann
Rainer Gut
Robert Jeker
Richard Chandler
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03:12 27.03.2025
the rise and fall of credit suisse a cinematic exploration
United States Dollar
Netflix, Inc.
CHE
Richard Chandler
Josef Ackermann
Thomas Gottstein
Tidjane Thiam
Arthur Rutishauser
Matthew Jordan
Lukas Mühlemann
Colm Kelleher
Marlon Brando
Brady Dougan
Oswald Grübel
Urs Rohner
Kubra Khan
Rainer Gut
George Clooney
Ueli Maurer
Sergio Ermotti
Axel Lehmann
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07:38 20.03.2025
Sergio Ermotti outlines ambitious plans following Credit Suisse integration
Credit Suisse High Yield Bond Fund, Inc.
CHE
DEU
Josef Ackermann
Peter Wuffli
Marcel Ospel
Sergio Ermotti
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11:47 30.12.2024
banking families and managers see varied fortunes in latest wealth rankings
Swiss Franc
United States Dollar
Bank J. Safra Sarasin AG
Temenos AG
EFG International AG
UBS
Credit Suisse High Yield Bond Fund, Inc.
CHE
IND
LIE
Hans-Adam II, Prince of Liechtenstein
Prakash Hinduja
Martin Ebner
Eric Syz
Sergio Ermotti
Boris Collardi
Colm Kelleher
Oswald Grübel
Walter Kielholz
Josef Ackermann
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10:18 29.11.2024
wealth rankings of banking families and managers in switzerland
Swiss Franc
Bank J. Safra Sarasin AG
UBS
Temenos AG
EFG International AG
Credit Suisse High Yield Bond Fund, Inc.
CHE
IND
LIE
Boris Collardi
Josef Ackermann
Colm Kelleher
Walter Kielholz
Oswald Grübel
Sergio Ermotti
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10:18 29.11.2024
ergio ermotti named european banker of the year for credit suisse takeover
Swiss Franc
UniCredit S.p.A.
UBS
Commerzbank AG
Credit Suisse
CHE
Andrea Orcel
Sergio Ermotti
Marcel Ospel
Peter Wuffli
Josef Ackermann
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07:45 25.11.2024
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