ZURICH (Reuters) – Swiss chief financial regulator FINMA questioned Credit Suisse over the risks involved with now-bankrupt financial firm Greensill Capital “months” before the bank was forced to close $ 10 billion in funds such as for Greensill, Swiss newspaper SonntagsZeitung reported Sunday.
Alongside formal discussions at a technical level between the bank and FINMA, chief supervisor Mark Branson privately discussed the risks with Credit Suisse Chairman Urs Rohner and Chief Executive Thomas Gottstein who walked out during a meeting on an undetermined date, the newspaper reported, citing information in his possession. . obtained.
FINMA declined to comment. Credit Suisse also declined to comment.
Switzerland’s second largest bank has staggered from its exposure to the collapse first of Greensill Capital and then Archegos Capital Management within a month.
Credit Suisse’s asset management unit was forced last month to close $ 10 billion in supply chain financial funds invested in bonds issued by Greensill after the British company lost credit insurance coverage shortly before filing for bankruptcy. The bank has suspended the fund manager and replaced the head of its asset management unit.
The massive loss to US investment fund Archegos this month also prompted Credit Suisse to replace its head of investment and compliance and risk banking after saying it would book first-quarter expenses of $ 4.7 billion from its exposure to affected companies.
Reporting by Brenna Hughes Neghaiwi; Edited by Rachel Armstrong and Susan Fenton
Australian Prime Minister Scott Morrison pleaded with the Queen to let the Commonwealth be “her strength and endure” during her time of sorrow – just as she has defended unity across “so many generations”.
“He has been there for us for a long time, let us be there now for you, Your Majesty, and allow us to send you our love,” he said in a speech from Kiribilli House on Friday.
Mr Morrison’s words echoes the words of the Queen, who in 1997 described her husband as “strong and enduring.”
The Duke of Edinburgh first sailed for Sydney Harbor on March 14, 1940 as 18-year-old soldier Philip Mountbatten on what would be the first of a 20-man voyage.
Her second visit during a royal tour in 1957 saw about 75 percent of Australia’s population take to the streets to catch a glimpse of the Queen and her husband.
Australian photographer and actress June Newton – also known by the pseudonym Alice Springs – has died aged 97
ByThe Associated Press
April 10, 2021, 15.03
• 2 minutes reading
BERLIN – Australian photographer and actress June Newton – also known by the pseudonym Alice Springs – has died at the age of 97, the Helmut Newton Foundation said in Berlin on Saturday.
Newton, who was also the wife of the late photographer Helmut Newton, died Friday at his home in Monte Carlo. The cause of death was not stated.
“We mourn the loss of this extraordinary person and internationally recognized photographer,” wrote the foundation on its website.
Newton, who was born June Browne in Melbourne, Australia in 1923, trained as an actor and frequently performs under his stage name June Brunell, the foundation said.
In 1947, he met Helmut Newton, a German-Jewish photographer who had fled the Nazis and had recently set up a photo studio in Melbourne. They married a year later and were together until 83-year-old Helmut Newton died in a car accident in Los Angeles in 2004.
In 1970, after moving to Paris with her husband, Newton began her own career as a photographer under the pseudonym Alice Springs and soon became a famous artist focusing on portraits.
“Alice Springs does more than just document the appearance of anonymous celebrities and contemporaries; he captures their charisma, their aura, “the foundation said, describing its work. “His eyes for people are mostly concentrated on people’s faces.”
The couple has had several shows around the world. In 1978, he had his first solo portrait exhibition in Amsterdam, followed by other international shows.
“The list of artists, actors and musicians portrayed by Alice Springs over the past 40 years reads like anyone from the international cultural scene on both sides of the Atlantic,” the foundation said. “Many portraits are magazine assignments from Paris to Los Angeles; others come from personal initiative. “
In 1981, the couple moved to Monte Carlo. After her husband died, Newton opened The Helmut Newton Foundation in Berlin, which her husband founded several months before his death. Until his death, he was president of the museum, which has been an important location for contemporary photographic performances.
“People are in the hallways, on the floor without beds, without masks,” said Ary Neto, explaining what happened to the hospital in his hometown in Brazil, which is still in the grip of the COVID-19 pandemic.
Brazil accounts for about a quarter of the world’s daily coronavirus deaths
Virologists discovered a more deadly variant of COVID-19 in the city of Manaus in December
Tensions have since spread across the country in large part due to open borders between states
Mr Neto lives in Melbourne – nearly 15,000 kilometers away from his family who are based near the city of Manaus, in Brazil’s Amazon region.
Since the coronavirus pandemic began, he has lost three close family members, including his 60-year-old mother, Rosemay Oran Barros Ribeiro.
He tested positive for COVID-19 on Christmas Eve and died a week later.
While Mr Neto, who works as a chef, wants to come home to be with his family, his aunt convinces him to stay in Australia because Brazilian hospitals are overwhelmed.
Intensive care unit beds are operating at capacities above 90 percent across the country, and a shortage of graves is fast approaching.
A Brazilian politician, and one of Bolsonaro’s political opponents, Guilherme Boulos, tweeted the shocking death tally saying, “Brazil has become a grave”.
‘Worse day by day’
Nina Freitas, a Brazilian student studying hotel management in Melbourne, fears the worst for her family in her hometown of São Paolo.
Her father, a doctor, worked at the hospital before the situation worsened, and now chooses to stay home because of her age and health problems.
He also worries about how the current political leadership has affected people back home.
Paul Bernasconi, an Australian married to a Brazilian man, splits his time between the US and the coastal city of Guarujá, about an hour and a half drive south from São Paulo.
“I think what happened is that [Brazilian government] dropping the ball in getting to the available medical units, so they’re way behind, “he said.
Mr Bernasconi said the handling of the pandemic in Brazil had been disorganized compared to his experience during the height of the New York outbreak, where local governors ordered relevant medical supplies and built emergency hospitals early.
While the medical system in Guarujá is not experiencing “chaotic chaos” like other cities such as Rio de Janeiro and Manaus, the virus is still close to home, he said.
“Personally, we have had several members of our own family who contracted the disease and unfortunately, my husband’s sister died last week,” she said.
“The saddest part of all this is that we have to remain isolated from our family members here so that we can’t even go through the normal grieving process together.”
Misinformation, mismanagement from above
Brazil’s universal health care system is free to anyone legally residing in the country, but its response to the pandemic has been largely political.
Bolsonaro has consistently opposed quarantine measures, arguing that the economic damage would be worse than the effects of the coronavirus itself.
Drugmaker Pfizer said in a statement Bolsonaro had rejected an offer to buy 70 million vaccines by August 2020.
At the time, Bolsonaro said he would not be vaccinated and publicly joked that the Pzifer vaccine could “turn people into crocodiles”.
Mr Bolsonaro has also appointed four different health ministers since the pandemic began, including one that lasted less than a month.
The health minister’s turnstiles are due in large part to disagreements with Bolsonaro over how best to deal with the virus.
The last one appointed, cardiologist Marcelo Queiroga, replaces General Eduardo Pazuello, a military officer without medical training who became unpopular with the public due to mismanagement of his health response to the pandemic.
Brazil has recently increased purchases of its vaccine supplies from Pzifer, AstraZeneca and Sinovac, despite previous opposition from Bolsonaro.
Preliminary research found Sinovac has so far proven to be 51 percent effective against the P.1 variant.
However, for many who have lost loved ones, disappointment and sadness remain.
Germany’s clash against Australia was intended as an opportunity for the hosts to gauge their mettle against other top teams. In contrast, the increasingly common complications of COVID-19 are forcing new faces to emerge in Wiesbaden.
Just hours before the match, Germany announced defender Felicitas Rauch had tested positive for COVID-19, while team-mates Lena Oberdorf, Sara Doorsoun and Svenja Huth had to be quarantined despite negative test results due to their close contact with Rauch.
With talisman midfielder Dzsenifer Marozsan unavailable for this match due to a series of positive COVID-19 cases at his club Lyon, Germany will have to adapt. Four of head coach Martina Voss-Tecklenburg’s eleven players have five caps or less.
Despite their experiences, young Germans never seem out of place. After controlling Australia, the hosts dominated the rest of the match.
Sjoeke Nüsken, winning his second caps, scored an early goal. The 20-year-old midfielder looks as comfortable as on the international stage. Nüsken elegantly dribbled the ball out of space, launched into attacks with some perfectly weighted passes, and annoyed his opponent along with his tireless partner in the center, Sara Däbritz.
The goal immediately snatched away Australia’s growl, and the German youth team continued on, never to lower their intensity. Much had been made to face Sam Kerr before the match, but Jana Feldkamp, a surprise starter after Oberdorf was forced into quarantine, impressively tackled one of the best strikers in the world.
Laura Freigang, who is comparatively a veteran of five outstanding appearances, has been particularly impressed by how her Feldkamp and her fellow defenders have been built from the back.
“We said before the game we wanted to be brave and you saw it against the top teams today. We didn’t shy away despite their high pressure, we played our game, built from behind and that led to our success,” he told DW after the final whistle.
With a frustrated Kerr kicked out of the match, Germany can focus on advancing. First half mastery was turned into a second half of onslaught.
Not wanting to be outdone by his young counterparts, substitute and debutant Jule Brand scored in just three minutes of his career in Germany before adding an assist on Laura Freigang’s finish two minutes later for good measure. If one of the young core hosts was nervous, they didn’t show up.
Even though Emily Glienik’s late two goals snatched Merle Frohms’ clean sheet, it didn’t matter. At that time Germany had scored five goals.
After suffering their first defeat since 2019 at the hands of the Netherlands, Germany took the opportunity to test themselves against other top teams. Germany took the last minute of a four-man loss in stride, with Nüsken, Feldkamp and Brand shining. Despite a few late hiccups at the back, the Germans have passed their latest test in a flash.