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  #21  
Old 12.03.2015, 10:51
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Re: Credit Suisse, UK, France & Africa: a modern tale

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I think the same was true of UBS. The acronym UBS works in French as well as it does in English and I'm pretty sure it was French before somebody decided to make English out of it.
It works in English like a charm...

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  #22  
Old 12.03.2015, 11:23
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Re: Credit Suisse, UK, France & Africa: a modern tale

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I've never seen Fortschritt durch Technik before. Is it Audi's new slogan to replace Vorsprung durch Technik?
Yeah, that's what I meant

Vorsprung durch making stuff up. That's my deviso.
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  #23  
Old 12.03.2015, 21:09
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Re: Credit Suisse, UK, France & Africa: a modern tale

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That Credit Suisse hired a black Côte D'Ivoiran to be their CEO is remarkable. That they hired a francophone shouldn't be. (Although I expect that as M. Thiam's English improved once he moved to London, he will likewise get better in German once he starts working in Zürich.)

P.S. Wouldn't anybody love to be a fly on the wall when somebody from the SVP stops by to talk to the new CEO of Credit Suisse?

Whomever of the SVP stops there will be busy to emphasize that they are against racism and not xenophobe generally
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  #24  
Old 12.03.2015, 21:16
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Re: Credit Suisse, UK, France & Africa: a modern tale

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Why? Cause they got a French name? So their strategy worked: In the 1980s did the large Zurich banks recognize that German was an important European language, but not one the world trades in... so the largest, Schweizerischer Bank Verein, decided to rename itself into Union Bank of Switzerland aka UBS. The equally German speaking Schweizerische Kreditanstalt recognized that any translation to English would be a bit much copying, so went with French instead. There is absolutely nothing Francophone about Credit Suisse... (insider tourist tip: the iron bars on the ground floor windows of the Paradeplatz building have still "SKA" signs in them)

Sorry but something is wrong above


SBG/UBS already in the 1950ies was
Schweizerische Bankgesellschaft
Union de Banque Suisse
Unione di Banche Svizzere
Union Bank of Switzerland


SBV was
Schweizerischer Bankverein
Société de Banque Suisse
Societa di Banca Svizzera
Swiss Bank Corporation


CS was
SKA Schweizerische Kreditanstalt (founded by Alfred von Escher -- the chap on the Bahnhofplatz)
Crödit Suisse
Credito Svizzero


The SVB
Schweizerische Volksbank
Swiss Volksbank
was swallowed by the SBV


When SBG and SBV merged it was decided to drop all the full Name and work as
UBS AG


while the SKA CS still uses the French name in spite of his Zürich origin and it being the one which enabled Zürich to expand into AUSSERSIHL, the Stadtkreise 3 and 4 and 5 accross the Sihl-River. The UBS for sure is larger and far more important on a federal level but locally in Zürich it is 50-50


to counter the overwhelming role of traditional Banking the well known co-operatives Migros (= left-liberal LDU) and COOP (= Social Democrats) launched their own Banks MIGROS BANK and COOP BANK


once again, SBV was NEVER re-named UBS

Last edited by Wollishofener; 12.03.2015 at 21:35.
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Old 12.03.2015, 22:36
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Re: Credit Suisse, UK, France & Africa: a modern tale

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Good news for him (and hopefully for CS). Sad thing is, people in 2015 in this progressive country actually care about anything else than his career track/professional attitudes. I mean, who cares how tall is he? Why not caring about size of his feet too? (race, origin, religion fall all in same bucket).
Actually he is only average height 1.93cms is nothing out of the ordinary
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  #26  
Old 12.03.2015, 22:48
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Re: Credit Suisse, UK, France & Africa: a modern tale

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Actually he is only average height 1.93cms is nothing out of the ordinary

I find people taller than 1.85 rather frustrating
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  #27  
Old 12.03.2015, 22:51
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Re: Credit Suisse, UK, France & Africa: a modern tale

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I find people taller than 1.85 rather frustrating
So you are short
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  #28  
Old 13.03.2015, 06:37
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Re: Credit Suisse, UK, France & Africa: a modern tale

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So you are short
I sm sbout 10 cms taller than TV aviation journalist Sepp Moser
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  #29  
Old 13.03.2015, 07:47
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Re: Credit Suisse, UK, France & Africa: a modern tale

Short then.
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  #30  
Old 13.03.2015, 10:10
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Re: Credit Suisse, UK, France & Africa: a modern tale

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Actually he is only average height 1.93cms is nothing out of the ordinary
so the others are all little Napoleons
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  #31  
Old 16.03.2015, 14:34
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Re: Credit Suisse, UK, France & Africa: a modern tale

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Why? Cause they got a French name? So their strategy worked: In the 1980s did the large Zurich banks recognize that German was an important European language, but not one the world trades in... so the largest, Schweizerischer Bank Verein, decided to rename itself into Union Bank of Switzerland aka UBS. The equally German speaking Schweizerische Kreditanstalt recognized that any translation to English would be a bit much copying, so went with French instead. There is absolutely nothing Francophone about Credit Suisse... (insider tourist tip: the iron bars on the ground floor windows of the Paradeplatz building have still "SKA" signs in them)
I wasn't thinking because of the French name, but because it's a Swiss bank and one-fifth of the Swiss population is French-speaking. Even if the language of business conducted in the Zurich offices of Credit Suisse is mostly German or English, it shouldn't be that unusual for Swiss francophones to work there, so why not an Ivoiran francophone?

Incidentally, Credit Suisse was founded in the nineteenth century by Alfred von Escher, the Swiss railroad tycoon who made Zurich Switzerland's most important city and financial capital. I suspect the French name was not chosen in deference to French-speakers in the Romande but rather the importance of French as a lingua franca in continental Europe outside Switzerland. But I will leave it to Wolli to give us better information about both Escher and CS.

P.S. As Wolli pointed out in an earlier post, the original name for Credit Suisse was German---Schweizerische Kreditanstalt---and it changed to French later, possibly for the reasons I speculated on, and von Escher may have had nothing to do with it. I should point out that the original raison d'être for Credit Suisse wasn't to provide sound banking that non-Swiss would love to put their money into. That came later. Von Escher had to borrow money from French banks to get his railroads built because there wasn't any Swiss financial institutions at the time to do the same. He thought---and rightfully so---that it would be dangerous if Swiss businessmen like himself were forced to rely on non-Swiss sources for capital, particularly when those sources might have strings attached. So CS was founded to provide banking for Swiss citizens, and services to outsiders was icing on the cake.

Last edited by eddiejc1; 16.03.2015 at 17:10.
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  #32  
Old 16.03.2015, 14:51
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Re: Credit Suisse, UK, France & Africa: a modern tale

BTW, I just checked Google. Napoleon Bonaparte's real height was 168 cm. That's shorter than me, but average height for many men, and he's the same height as Winston Churchill. I read that the reason why the myth spread about him being short was that the French inch was longer than the English inch, so when the British heard that the French general was only 5'2", they assumed he must have been short. Instead he would be 5'6" under the British imperial system.

Don't know if all the "short" jokes bothered Napoleon, but I don't think it's a coincidence that the metric system began under his rule...

http://www.todayifoundout.com/index....ort-is-a-myth/
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  #33  
Old 09.04.2015, 09:44
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Re: Credit Suisse, UK, France & Africa: a modern tale

There's much that is mysterious and in the dark about the newly appointed CS head, Tidjane Thiam. According to Insideparadeplatz.ch, he is a member of a French secret society, Le Siècle, whose members are from the elite in France and ensure that their members are placed into high positions in government and industry. The blog says:

"Thiam's membership in the French secret society with powerful politicians, industry, finance and media sheds new light on the figure of the future CS boss.
While Brady Dougan worked his way up from the son of a railway worker in Illinois through hard work at CS First Boston to become the head of CS, Thiam came with a golden spoon into the world.
He enjoyed education at elite French universities and was at age 36 a government minister in his native Côte d'Ivoire.
After a coup he then went on to a brilliant career in England. Within seven years Thiam managed to reach the CEO-chair of the Prudential, a well-known insurance company.
Neither a £30 million fine to the financial regulators nor his origin from the highest political circles of an African country stopped Thiam's high altitude flight.
On the contrary: The announcement as the new CEO of CS made headlines worldwide. Thiam was celebrated as a symbol of a new era in which neither color nor religion play a role in the occupation of the highest points in the power business.
Much of Thiam's success through his own position in society is indicated by his membership in the Club Le Siècle rather than a long march through the hierarchies of multinationals.
According to author Ratier the powerful members of the society ensure that their people are placed in decisive power positions."

http://insideparadeplatz.ch/2015/04/...en-geheimloge/

Meanwhile, Blick is questioning why CS hasn't communicated when Tidjane Thiam will start in his new position:

http://www.blick.ch/news/wirtschaft/...id3638407.html

The guy hasn't even arrived and the long-knives have already been drawn.
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  #34  
Old 09.04.2015, 10:43
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Re: Credit Suisse, UK, France & Africa: a modern tale

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BTW, I just checked Google. Napoleon Bonaparte's real height was 168 cm. That's shorter than me, but average height for many men, and he's the same height as Winston Churchill. I read that the reason why the myth spread about him being short was that the French inch was longer than the English inch, so when the British heard that the French general was only 5'2", they assumed he must have been short. Instead he would be 5'6" under the British imperial system.

Don't know if all the "short" jokes bothered Napoleon, but I don't think it's a coincidence that the metric system began under his rule...

http://www.todayifoundout.com/index....ort-is-a-myth/

Another thing about Napoleon that was supposedly short was his [illegible], anyway we'll never know as his wife is no longer here to tell us. I wonder if that also has to do with measurement units?
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Old 09.04.2015, 11:19
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Re: Credit Suisse, UK, France & Africa: a modern tale

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a French secret society, Le Siècle,
It's so secret that it's got a webpage with a manifesto and bylaws: http://www.lesiecle.asso.fr
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  #36  
Old 09.04.2015, 11:21
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Re: Credit Suisse, UK, France & Africa: a modern tale

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It's so secret that it's got a webpage with a manifesto and bylaws: http://www.lesiecle.asso.fr
But the site does not have an English version! That's pretty much the same as "secret" according to EF rules...
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  #37  
Old 09.04.2015, 11:41
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Re: Credit Suisse, UK, France & Africa: a modern tale

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Another thing about Napoleon that was supposedly short was his [illegible], anyway we'll never know as his wife is no longer here to tell us. I wonder if that also has to do with measurement units?
Looks to me more like a feel-good-and-talk-about-it club for the rich with some figleaf charitative collateral than an evil francophone Bilderberger cabal.
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  #38  
Old 13.04.2015, 18:20
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Re: Credit Suisse, UK, France & Africa: a modern tale

At a time when the Swiss body-politic is trying to come to grips with an economically self defeating immigration quota system, championed by an overzealous far right party, they parachute in a renowned African technocrat in Tidjane Thiam, an Ivorian, to revive the fortunes of the country's (including world's) oldest and biggest bank, Credit Suisse. We live in a big global village after all!
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Old 13.04.2015, 23:52
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Re: Credit Suisse, UK, France & Africa: a modern tale

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At a time when the Swiss body-politic is trying to come to grips with an economically self defeating immigration quota system, championed by an overzealous far right party, they parachute in a renowned African technocrat in Tidjane Thiam, an Ivorian, to revive the fortunes of the country's (including world's) oldest and biggest bank, Credit Suisse. We live in a big global village after all!
not the world's oldest bank, not by a long stretch

http://en.wikipedia.org/wiki/List_of...uous_operation

As for Thiam, let's wait until the next round of bonuses are announced and I'm sure the euphoria will melt away as people see he's no more a messiah than any of his predecessors.
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  #40  
Old 22.10.2015, 09:24
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Re: Credit Suisse, UK, France & Africa: a modern tale

Barely 6 months into the job and over 5000 jobs about to get axed. Mainly in London and Switzerland.
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