High Court sets aside default judgement obtained against Ryan Corp; claim expected to proceed before court, according to The Times

There is a good follow up in the The Times today about the Saudi Arabian diplomat who is suing Credit Suisse and Tom Ryan, the mystery Irish property developer, for the return of a £25 million investment in Hertsmere House, the scheme to develop a residential skyscraper in Canary Wharf.

Here is a link to the piece in The Times:

Revealed: Saudi Arabian diplomat takes legal action over £25 million for 'missing skyscraper'

A high-level Saudi Arabian diplomat has taken Credit Suisse and the mystery Irish property developer Tom Ryan to London's commercial courts after allegedly providing around £25 million to build a 74-storey residential skyscraper in Canary Wharf, London's financial district.

Dr Mohammed Abdulraman Abdulaziz Albesher, currently the Saudi Arabian ambassador to the United Arab Emirates, is trying to recover £25 million from Ryan and his bankers at Credit Suisse after the developer's property scheme for the Hertsmere House site in Canary Wharf failed to get off the ground, according to the Particulars of Claim seen by Betaville.

Timing.

I guess it was worthwhile re-visiting on Monday the tale about Credit Suisse's upcoming cash call and potential acquisitions, such as Julius Baer, on Tip TV and little old Betaville. In case you haven't seen, the Swiss bank revealed to the market this morning that it plans to raise $6.3 billion in fresh capital and dropped some pretty big hints it may look at acquisitions of domestic rivals.

Back on Tip TV talking about Julius Baer, Shire and Radius Health

Here a link to today's Tip TV clip.

http://www.tiptv.co.uk/finance/the-sabmiller-ab-inbev-deal-and-shire-trying-to-pull-off-an-acquisition/

Back on Tip TV talking about Credit Suisse, Julius Baer and Quindell

I have been out and about all day catching up with a few old contacts, so apologies for the delayed posting of this morning's Tip TV session. Anyway, here is a link to today's session with Nick Batsford, aka The Moose.

http://www.tiptv.co.uk/archives/ma-weekly-update-4/

RARE ALERT: Barclays could name CFO as new boss

Most of the London market is likely to be transfixed on the Budget.

However, over here in Betavilleland we like to get on with teasing out corporate stories while the Government overloads the financial reporting community with a ton of news.

The dealmaker, the bank and the missing skyscraper return...

The row over the missing skyscraper has been rekindled.

Regular readers should remember the tale I ran last year about the mystery Irish "property developer" and his plans to build a £1 billion residential skyscraper in Canary Wharf called Hertsmere House. Here is a link to my original story:

Shire PR

Wow - Susan Kilsby, chairwoman of Shire, seems to be getting a lot of positive newspaper coverage this morning.

Kilsby, who I once met while working at The Daily Telegraph when she was at Credit Suisse, has even managed to generate praise from Alistair Osborne, an old colleague who rarely hands out compliments to investment bankers.

Candy brothers turned down loan for missing skyscraper in 24 hours - I wonder why?

The missing skyscraper story I have been running on Betaville for the last couple of weeks really is worth keeping an eye on.

In another fascinating twist to the tale, it transpires that late last year, Thomas Gerrard Ryan, the mystery Irish property developer, and Hans-Olav Eldring, the former Credit Suisse private banker, approached Christian Candy's property lending division, Omni Capital Partners Limited, for a multi-million pound bridge loan to finance the Herstmere House scheme, a 74-storey residential skyscraper to be built in Canary Wharf.

The dealmaker, the bank and the missing skyscraper - part 3

The missing skyscraper story I did last week looks like it is really starting to heat up.

Readers may recall my sources told me a Credit Suisse banker was involved in putting together the Herstmere House project, a plan to build a £1 billion, 74-story residential skyscraper in Canary Wharf that vanished into thin air along with its mystery Irish property developer.

Update on my missing skyscraper story

Regular readers might recall that last week I published a rather interesting tale about Herstmere House, the residential skyscraper that was supposed to be built in Canary Wharf by a mystery Irish property tycoon. Here is a link to the original article: http://betaville123.blogspot.co.uk/2014/05/the-dealmaker-bank-and-missing.html

Anyway, since I published that piece I noticed that a lawyer from Credit Suisse (who will remain nameless) has been furiously checking out my Linked In profile. Perhaps I struck a nerve.....

Credit Suisse declined to comment.

The dealmaker, the bank and the missing skyscraper

I'm not a huge fan of Canary Wharf (I used to work there when I first started on the The Daily Telegraph) but I have just stumbled across a rather interesting tale about the financial district and one of the banks based there.

Some Betaville readers might remember that back in November last year it emerged with great fanfare that an Irish property developer was planning to build £1 billion, 74-storey residential skyscraper - to be called called Hertsmere House - on a £100 million site in Canary Wharf. Here is a link to a story in the Financial Times about the scheme: http://www.ft.com/cms/s/0/122d3106-4d3e-11e3-9f40-00144feabdc0.html#axzz31i4U0YR1

Wellcare Health Plans Inc said to be $4bn takeover target for US healthcare insurance giants

There is a bit of a buzz in European markets about a US company called Wellcare Health Plans Inc and I think I know why.

Wellcare Health Plans Inc - which provides Medicare and Medicaid managed care plans to its members in the US - has this year already been tipped as a takeover target by several leading Wall Street analysts, including scribblers round at Credit Suisse.