Latest news with #Mavin
Wall Street Journal
18-03-2025
- Business
- Wall Street Journal
‘Meltdown' Review: A Failure of Oversight
Switzerland's two global banks suffered very different fates as a result of the 2008-09 financial crisis. While UBS was forced to go cap in hand to the Swiss government for a bailout, its rival Credit Suisse deftly sidestepped the subprime debacle. Nearly 15 years later, however, Credit Suisse would find itself on the brink, its reputation sunk so low that it could be brought down by a single tweet. In 'Meltdown,' Duncan Mavin, a financial journalist who has worked for a number of newspapers (including this one), chronicles Credit Suisse's decline. The root of the problem, in Mr. Mavin's view, is that Credit Suisse was a hybrid organization: a secretive, apparently staid Zurich-based private bank attached to a 'high octane' global investment firm formed from the acquisitions of First Boston (in 1988) and Donaldson, Lufkin & Jenrette (in 2000). Credit Suisse's investment-banking arm gained a reputation for being smart, innovative—especially in the field of derivatives—and client centric, but it never overcame the cultural differences between Zurich and New York. John Mack, previously the president of Morgan Stanley, came to Credit Suisse in 2001 to run its Wall Street operations. But he refused to learn German, the language of the bank's board; he also reportedly clashed with members of the board on numerous occasions. Three years later, he was pushed out. Foreign banks have always struggled to establish themselves on Wall Street. Credit Suisse was no different. A 2022 internal report revealed that the bank had a headcount and expenses similar to those of Goldman Sachs while generating a fifth of Goldman's per capita revenue. In the 10 years leading up to its collapse in 2023, Mr. Mavin writes, Credit Suisse produced cumulative losses of more than $2 billion but paid out around $35 billion in bonuses.
Associated Press
17-03-2025
- Lifestyle
- Associated Press
Evergreen Goodwill Unveils Exclusive Pop-Up Collections Curated by Seattle's Style Tastemakers
Three local creators bring unique, handpicked collections to select Goodwill stores for a limited time this spring and summer. SEATTLE, WASHINGTON / ACCESS Newswire / March 17, 2025 / Evergreen Goodwill of Northwest Washington has collaborated with local tastemakers to curate collections that will be available for a limited time at pop-ups in select stores across the Seattle-area this spring and summer. Inspired by the personal style of each collaborator, these collections feature gently used items handpicked to offer shoppers an elevated and unique Goodwill shopping experience. Proceeds from the sale of items at these pop-ups, and every day at Goodwill, fund Goodwill's free local job training and education x SeattleSalvage One of three collaborators working with Goodwill to curate exclusive collections available this spring and summer. The Goodwill x SeattleSalvage collection is available to shop starting March 28th at the Seattle Goodwill location. 'Teaming up with Goodwill for this collection has been an incredible experience,' says Nichole from Seattle Salvage, whose collection will be available at the Seattle Goodwill location starting on March 28. 'Goodwill is much more than thrifted treasures-it's about creating opportunities and strengthening the community. Learning about their job training programs and meeting some of the students has been a rewarding and eye-opening experience. And behind the scenes, their team's time, dedication, and care in curating this collection has been remarkable.' Through thoughtfully designed displays and interactive storytelling, these pop-up collaborations aim to elevate thrift shopping beyond the ordinary and allow creators to share their craft with the community while supporting Goodwill's mission. Goodwill x Nichole of SeattleSalvage Available at Seattle Goodwill (flagship store), March 28th - April 27th This collection blends rugged functionality with timeless style, rooted in 'gorpcore' aesthetics and inspired by Nichole's love for outdoor adventure, sustainability and vintage fleece. Expect classic outdoor brands and streetwear staples mixed-in with home decor items that reflect Nichole's love of the whimsical 'dopamine decor' trend. Goodwill x Mavin of ThatsSoMavin Available at Redmond Goodwill May 2nd - 26th Eclectic, exaggerated and full of 'big boi drip,' this collection inspired by ThatsSoMavin is unlike anything else in the Greater Seattle area. It's a perfect blend of Mavin's commitment to individuality and his love of vintage, timeless Americana, and eye-catching accessories that stand out from the crowd. Look for streetwear must-haves, sterling silver, sneakers with pops of flair, and those rare pieces that take a wardrobe from 'just clothes' to personal style. Goodwill x Claudine of Your Friend, Claudine Available at Capitol Hill Goodwill May 30th - June 29th Musician and vintage expert Your Friend, Claudine gravitates to all things charming, edgy and 90s nostalgia. Combining their love of treasure hunting for vintage goodies and their unique eye, this collection with Your Friend, Claudine is an amalgamation of all the reasons we love to shop in-store in the first place. Expect one-of-a-kind jackets, classic denim and perfect accessories to complete any look. For a chance to be among the first to shop the SeattleSalvage collection, Goodwill is hosting an opening reception March 28th from 3:00 p.m. - 5:00 p.m. at Seattle Goodwill (1400 S Lane St, Dearborn). Shoppers will have an opportunity to meet Nichole, shop her handpicked finds, and experience the thrill of discovering something truly rare.
