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Credit Suisse

UBS back in profit after Credit Suisse takeover losses

ZURICH: Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion, far...

Published 07 May, 2024 12:43pm

Business & Finance

Five waves of UBS layoffs to start in June

VIENNA: Layoffs under Swiss banking giant UBS’s cost-cutting programme announced after its takeover of Credit Suisse...

Updated 22 Apr, 2024 09:25am

Business & Finance

UBS reports 14.4 million Swiss francs for CEO Ermotti in 2023

ZURICH: UBS on Thursday said its CEO Sergio Ermotti picked up 14.4 million Swiss francs in 2023 after taking over...

Published 28 Mar, 2024 01:40pm

Business & Finance

UBS sells $8bn of Credit Suisse assets to Apollo

ZURICH: UBS has sealed the sale of Credit Suisse’s securitised products business to Apollo Global Management as part...

Published 28 Mar, 2024 07:20am

Business & Finance

UBS sells $8 billion of Credit Suisse assets to Apollo

ZURICH: UBS has sealed the sale of the securitised products business of Credit Suisse to Apollo Global Management,...

Published 27 Mar, 2024 01:29pm

Business & Finance

UBS posts $279-mn Q4 net loss after Credit Suisse takeover

ZURICH: Swiss banking giant UBS on Tuesday posted a smaller-than-expected net quarterly loss of $279 million, amid...

Published 06 Feb, 2024 12:04pm

Business & Finance

UBS unveils big branding push after Credit Suisse takeover

ZURICH: UBS on Tuesday unveiled its biggest branding campaign since 2016 to drive growth, spending tens of millions...

Published 23 Jan, 2024 02:33pm

Business & Finance

Swiss financial watchdog wants to examine clawing back bankers’ bonuses

ZURICH: Switzerland’s financial regulator wants to discuss the ability to claw back bonuses from bankers as part ...

Published 31 Dec, 2023 03:04am

Markets

STOXX 600 ends 2023 up 12.6pc on rate cut optimism

PARIS: European shares ended 2023 with an annual gain of almost 13 percent on hopes of softer monetary policy from...

Published 30 Dec, 2023 06:28am

Business & Finance

Westpac to raise $488 million in additional Tier 1 capital

SYDNEY: Westpac Banking Corp, Australia’s third largest bank by market capitalisation, said on Monday it would raise...

Published 20 Nov, 2023 10:16am

Business & Finance

UBS posts bigger loss than expected as it absorbs Credit Suisse

ZURICH: UBS on Tuesday posted a larger-than-expected loss in the third quarter as it integrates Credit Suisse...

Published 07 Nov, 2023 01:52pm

Business & Finance

UBS to cut Credit Suisse investment bank staff in Spanish overhaul

ZURICH: UBS is cutting nearly half of the staff it inherited from Credit Suisse in Spain in the latest restructuring...

Published 25 Oct, 2023 08:13pm

Markets

Credit Suisse expects Q3 loss of $1.6bn from reclassifying loans

ZURICH: Credit Suisse expects to make a third quarter loss of about $1.6 billion from reclassification of loans...

Published 29 Sep, 2023 10:12am

World

India court warns SpiceJet of ‘drastic action’ if Credit Suisse dues unpaid

NEW DELHI: India’s top court on Monday directed SpiceJet to pay $1.5 million in a case related to unpaid dues to...

Published 11 Sep, 2023 02:30pm

Business & Finance

UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts

ZURICH: Banking giant UBS said Thursday it plans to fully absorb Credit Suisse’s century-old Swiss division and...

Published 01 Sep, 2023 05:41am

Business & Finance

UBS to cut more than 3,000 Swiss jobs as it integrates Credit Suisse

UBS will cut 3,000 jobs in Switzerland in the coming years as it integrates Credit Suisse, with further staff to go...

Published 31 Aug, 2023 01:08pm

Business & Finance

UBS posts $29bn profit, Credit Suisse $10bn loss amid merger

ZURICH: UBS posted a towering $29-billion net profit in the second quarter amid its takeover of fallen rival Credit...

Published 31 Aug, 2023 10:45am

Markets

UBS set to post first results since Credit Suisse merger

ZURICH: As UBS prepares to post earnings this week, investors and employees are eagerly awaiting clues as to how...

Published 29 Aug, 2023 11:23am

Business & Finance

UBS shuffles bank bosses in bid to better compete with Wall Street

LONDON/NEW YORK: UBS on Monday announced an overhaul of its investment banking division, including naming the...

Published 15 Aug, 2023 06:30am

Markets

Credit Suisse retail investors plan lawsuit challenging UBS buyout

Retail investors who lost money when Credit Suisse was taken over by UBS in March plan to file a lawsuit challenging...

Published 13 Aug, 2023 10:23am

Business & Finance

UBS no longer taking state aid for Credit Suisse takeover

ZURICH: Swiss banking giant UBS voluntarily put an end Friday to the state and central bank support that smoothed ...

Published 12 Aug, 2023 06:44am

Markets

UBS ends state guarantee granted over Credit Suisse rescue

ZURICH: UBS won’t need the government guarantee it secured to rescue failing rival Credit Suisse and has repaid...

Published 11 Aug, 2023 12:34pm

Markets

Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week

HONG KONG: Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts...

Published 07 Aug, 2023 10:55am

Business & Finance

Winners and losers likely as Switzerland absorbs Credit Suisse layoffs

ZURICH: Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade...

Published 03 Aug, 2023 05:26pm

Business & Finance

UBS fined $387m over Credit Suisse misconduct: US Fed

WASHINGTON: The Swiss banking giant UBS has been fined close to $400 million for misconduct by its recently-acquired...

Published 31 Jul, 2023 06:43am

Markets

Saudi National Bank Q2 net profit up 9%, beating estimate

DUBAI: Saudi National Bank (SNB) on Tuesday reported a 9.3% jump in net profit for the second quarter compared with...

Published 25 Jul, 2023 11:58am

Markets

Credit Suisse to lay off more than 40 employees in China securities unit

HONG KONG: Credit Suisse is set to launch a new round of layoffs which may impact more than 40 employees in one of...

Published 19 Jul, 2023 03:15pm

Life & Style

Netflix shielded from Hollywood strike by global crew, strong pipeline

Netflix investors will assess risks from the ongoing strike in Hollywood when the company reports quarterly results...

Published 18 Jul, 2023 04:35pm

Markets

UBS to retain EY as auditor after Credit Suisse takeover: FT

UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse’s accounts...

Published 16 Jul, 2023 12:11pm

Markets

Credit Suisse crash investigated by Swiss lawmakers

ZURICH: A rare Swiss parliamentary investigation due to start this week aims to establish what went wrong before the...

Published 11 Jul, 2023 01:46pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 10	278.14
USD PKR Interbank Buying / May 10	277.97
USD to Japanese Yen / May 10	155.70
USD to Swiss Franc / May 10	0.91
Pound Sterling to USD / May 10	1.25
Euro to USD / May 10	1.08

Stock	Volume
S&P 500 / May 9	5214.08
Nasdaq / May 9	16346.27
Dow Jones / May 9	39387.76
India Sensex / May 10	72468.66
Tokyo Nikkei / May 10	38229.11
Hang Seng / May 10	18970.69
FTSE 100 / May 10	8438.19
Germany DAX 30 / May 10	18827.29

Item	Value
Petrol/Litre / May 10	288.49
Crude Oil USD/Barrel / May 10	79.87
Karachi Cotton PKR/37.32 KG / May 10	19935
Gold 10 Grams PKR / May 10	209019
Gold Spot USD/Ounce / May 10	2369.35
Diesel/Litre / May 10	281.96

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 10 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 10 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 10 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 10 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 10 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 10 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 10 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 10 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 10 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 10 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 10 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 10 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 10 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 10 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 10 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 10 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 10 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 10 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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