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
Business & Finance Dollar hits 4-week peak, then eases NEW YORK: The dollar fell from a four-week peak on Thursday after US labor market data failed to impress a day ... Published 04 Aug, 2023 06:20am
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 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
Business & Finance Saudi National Bank was denied taking 40pc Credit Suisse stake: report VIENNA: Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was ... Published 10 Jul, 2023 06:52am
Business & Finance UBS looks to axe 30pc of staff and keep Credit Suisse’s domestic business ZURICH: UBS is weighing cutting tens of thousands of jobs following its emergency takeover of Credit Suisse, as the... Published 03 Jul, 2023 06:04am
Markets China, HK stocks rise as weak factory data raises stimulus hopes SHANGHAI: China and Hong Kong stocks rose on Friday towards the end of a bearish quarter, as June factory activity... Published 30 Jun, 2023 10:14am
Markets UBS to cut 35,000 jobs after Credit Suisse rescue: report GENEVA: Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse – more than half its workforce – as part... Published 28 Jun, 2023 02:32pm
Markets UBS to announce changes to third management level, CEO says ZURICH: UBS will announce changes to its third level of management within the next 20 days, the Swiss bank’s chief... Published 27 Jun, 2023 12:57pm
Markets China, Hong Kong stocks rise on stimulus hope SHANGHAI: Stocks in China and Hong Kong rose on Friday in their best weekly performance in five months, as investor... Published 19 Jun, 2023 06:55am
Business & Finance UBS embarks on ‘bumpy’ integration of Credit Suisse ZURICH: UBS said on Monday that it had finalised the takeover of its former rival Credit Suisse, clearing the way ... Published 19 Jun, 2023 06:54am
Markets UBS embarks on ‘bumpy’ integration of Credit Suisse ZURICH: UBS said Monday that it had finalised the takeover of its former rival Credit Suisse, clearing the way for a... Published 12 Jun, 2023 11:14am
Business & Finance UBS set to carve up Credit Suisse after takeover day ZURICH: UBS is set to finalise the takeover of Credit Suisse on Monday, but the hardest part is yet to come: turning... Published 10 Jun, 2023 11:32am
Markets UBS agrees with Swiss government on Credit Suisse loss guarantee ZURICH: UBS has signed an agreement with the Swiss government to cover up to 9 billion Swiss francs ($10.00 billion)... Published 09 Jun, 2023 01:34pm
Markets Oil prices edge higher as Saudi cut outweighs bearish backdrop LONDON: Oil prices edged higher on Wednesday as Saudi Arabia’s surprise weekend pledge to deepen output cuts... Updated 07 Jun, 2023 08:08pm
Markets UBS expects to seal Credit Suisse takeover as soon as June 12 ZURICH: UBS said on Monday it expected to complete its takeover of Credit Suisse “as early as June 12”, creating a... Published 05 Jun, 2023 11:45am
Markets UBS considers delaying results after Credit Suisse rescue UBS is considering delaying its quarterly results at least until the end of August, as the Swiss banking giant deals... Published 04 Jun, 2023 10:23am
Markets China’s yuan eases to 6-month low on disappointing manufacturing data SHANGHAI: The yuan fell on Wednesday to its lowest against the dollar since the end of November, with sentiment hit... Published 31 May, 2023 09:20am
Business & Finance Credit Suisse sale to UBS was ‘surprising’: Standard Chartered CEO DOHA: Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse to UBS was “surprising” ... Published 29 May, 2023 04:27am
Business & Finance UBS keeps Credit Suisse CEO for leadership team in merger ZURICH: Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner would join ... Published 15 May, 2023 06:41am
Business & Finance UBS chief draws up Credit Suisse leadership shortlist UBS Group AG’s Chief Executive Sergio Ermotti has shortlisted the Credit Suisse Group AG’s executives most likely... Published 06 May, 2023 03:13pm
Markets UBS wary of buying Credit Suisse in February, wanted more analysis ZURICH: UBS in February had concluded that buying its stricken competitor Credit Suisse was not desirable, but that... Published 03 May, 2023 01:07pm
Business & Finance EU sees urgency in bolstering bank resilience after turmoil STOCKHOLM: Recent turmoil in the banking sector barely affected European Union lenders but there remains an urgent... Published 02 May, 2023 05:59am
Business & Finance UBS hopes to complete Credit Suisse takeover before July ZURICH: UBS said Tuesday it would likely complete its takeover of stricken rival Credit Suisse before the end of... Published 26 Apr, 2023 06:15am
Markets UBS hopes to complete Credit Suisse takeover before July ZURICH: UBS said Tuesday it would likely complete its takeover of stricken rival Credit Suisse before the end of... Published 25 Apr, 2023 03:09pm
Markets UBS Chief Risk Officer Bluhm to continue in role ZURICH: UBS on Monday said Christian Bluhm will continue as Group Chief Risk Officer for the “foreseeable future”... Published 24 Apr, 2023 10:53am