February 2021 / 5 posts found
Litigation and writedowns push Credit Suisse to fourth-quarter loss
Credit Suisse swung to a fourth-quarter loss of SFr353m ($393m) as coronavirus-related credit writedowns and provisions for litigation eroded modest gains in underlying performance at the bank. Write-offs related to underperforming loans and defaults tripled to SFr1.1bn, almost four times higher than the average level over the previous 11 years, the bank said on Thursday. This was driven by the economic fallout from the coronavirus pandemic. The results mean Credit Suisse’s net income for 2020 was down 22 per cent year on year to SFr2.7bn, with revenues flat at SFr22.4bn. By contrast, Zurich rival UBS posted its highest profit in […]
Divorce and the Pandemic: 6 Issues that Could Lead a Couple to Splitting Up
It is hard to believe that we have been living through the COVID-19 pandemic for nearly a year, still facing these strange times of shutdowns, masks, quarantining, and now, vaccines. I think we’d all agree that living in a pandemic is painful and can put a huge strain on relationships, including a marriage. But what about divorce and the pandemic? Can this illness that has caused so much tragedy, not to mention stress, cause a couple to get divorced? As an experienced divorce attorney, I can see how this traumatic and taxing pandemic could ultimately lead more couples to marital […]
7 Things That Contribute To Negative Effects of Divorce on Children
Research has shown that the most damaging part of divorce for children is involving them in loyalty binds. A loyalty bind happens when a child must make a choice that will be wrong with one parent and not the other. The child feels caught in the middle between parents. Basically, they get the message that it is not OK to love their other parent. This is just one thing that contributes to negative effects of divorce on children. Here is a list of 7 other things parents do—consciously or unconsciously that contribute to negative effects of divorce on children, including […]
A Big Tip for Those Wondering How to Cope with Divorce as a Woman
Wondering how to cope with divorce as a woman? I can tell you firsthand, it’s really hard at times, but one thing is for sure: you will find a way and you will get through it. It’s been 14 years and I can still vividly remember times in the first year or two of my divorce when I felt like I just couldn’t cope. Something would happen—like someone would tell me they ran into my ex on a date, or I’d pick up my kids from school and see someone whispering about me, or I would get bills in the […]
New Technologies Come with New Litigation Risks
Mitigating cybersecurity and data privacy risks A data breach can lead to confidential medical data being exposed, and significant reputational damage, so it is important to have an up-to-date cyber incident response plan. Such a breach may prompt regulatory investigations by multiple government enforcement agencies, collective and class action law suits, and even shareholder class actions. Moreover, while the adoption of IoT devices by pharmaceutical companies has allowed the industry to automate important business processes, the vast amounts of data stored and shared by these smart devices and systems compounds the cybersecurity-related litigation risk. In addition, consumers are increasingly focused […]