ubs

When UBS agreed to buy its archrival Credit Suisse for a little over $3 billion this spring at the Swiss government’s behest, analysts and investors said that price represented a steep discount. UBS’s latest financial results reflect just…

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…

UBS will pay $387 million in fines to clean up lingering messes at Credit Suisse, the wounded Swiss banking rival it acquired earlier this year.The fines, issued concurrently by regulators in the United States and Britain, are related 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…

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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…

SINGAPORE: The day-to-day operations of the Singapore entities of UBS and Credit Suisse will not be interrupted by the completion of the takeover involving the two Swiss banks, the Monetary Authority of Singapore (MAS) said on Monday (Jun…

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