Credit Suisse

WASHINGTON: The Swiss banking giant UBS has been fined close to US$400 million for misconduct by its recently-acquired subsidiary, Credit Suisse, the US Federal Reserve announced on Monday (Jul 24). Swiss regulators pushed UBS to take over…

A few years ago, top investment bankers at Goldman Sachs Group Inc. wouldn’t even bother picking up phone calls from recruiters at smaller rivals. This year, managers at Jefferies Financial Group Inc., Evercore Inc. and PJT Partners Inc.…

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ZURICH: A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians.The…

ZURICH: A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians.The…

MADRID: US Federal Reserve Chair Jerome Powell said Thursday (Jun 29) that stronger regulation and greater agility was required in supervising the banking sector following a string of high-profile failures earlier this year. "We need to…

UBS Group is preparing to reduce more than half of the Credit Suisse Group's workforce following the emergency takeover of the bank. The impact of these job cuts is expected to be felt primarily by bankers, traders, and support staff in…

Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday. The logos of…

Last Updated: June 28, 2023, 04:44 ISTUBS announced several high-level appointments, including that Credit Suisse CEO Ulrich Körner will join its executive boardCredit Suisse had a staff of around 45,000 before it nearly collapsed on…

ZURICH: UBSannounced Monday it had finalised the takeover of its former rival Credit Suisse, clearing the way for the Herculean task of integrating two of the world's most important banks.The mega-merger of the biggest banks in Switzerland…