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Tag: UBS

Credit Suisse no longer seeing outflows: UBS CEO
Business

Credit Suisse no longer seeing outflows: UBS CEO

May 12, 2023May 12, 2023

UBS Chief Executive Sergio Ermotti stated on Friday that the state of affairs at Credit Suisse has stabilized and he didn’t assume outflows on the

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UBS assures investors shotgun Credit Suisse takeover can pay off
Business

UBS assures investors shotgun Credit Suisse takeover can pay off

April 5, 2023April 5, 2023

UBS executives Wednesday sought to guarantee buyers that Switzerland’s largest financial institution could make its surprising takeover of Swiss rival Credit Suisse work and payoff

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Credit Suisse chair says ‘truly sorry’ as shareholder fury grows
Business

Credit Suisse chair says ‘truly sorry’ as shareholder fury grows

April 4, 2023

The chairperson of Credit Suisse stated Tuesday he was “truly sorry” as he apologized to shareholders for the failures of the once-venerable financial institution, acknowledging

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‘Up to 30% of jobs may go in UBS-Credit Suisse merger’
Economy

‘Up to 30% of jobs may go in UBS-Credit Suisse merger’

April 2, 2023April 2, 2023

The merger between banks Credit Suisse and UBS may minimize as much as 36,000 jobs worldwide, the SonntagsZeitung weekly reported Sunday. The Swiss authorities rapidly

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UBS brings back Ermotti as CEO to steer Credit Suisse takeover
Business

UBS brings back Ermotti as CEO to steer Credit Suisse takeover

March 29, 2023March 29, 2023

UBS Group AG on Wednesday introduced it was rehiring Sergio Ermotti as CEO to steer its large takeover of neighbor Credit Suisse – a shock

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Saudi National Bank chief resigns after Credit Suisse storm
Business

Saudi National Bank chief resigns after Credit Suisse storm

March 27, 2023March 27, 2023

The chairperson of Saudi National Bank has resigned, a press release stated Monday, practically two weeks after his feedback on Credit Suisse despatched the Swiss

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Inside Swiss’ Credit Suisse rescue that jolted global finance
Business

Inside Swiss’ Credit Suisse rescue that jolted global finance

March 21, 2023March 21, 2023

Switzerland’s political elite was secretly making preparations that may shock the world within the days main as much as a unexpectedly organized press convention held

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Central banks try to calm markets after UBS takeover of Credit Suisse
Business

Central banks try to calm markets after UBS takeover of Credit Suisse

March 20, 2023March 20, 2023

Some of the world’s largest central banks got here collectively on Sunday to cease a banking disaster from spreading as Swiss authorities persuaded UBS Group

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Shotgun bank merger triggers political backlash in Switzerland
Business

Shotgun bank merger triggers political backlash in Switzerland

March 20, 2023March 20, 2023

Switzerland’s two largest political events sharply criticized the UBS takeover of Credit Suisse saying multibillion state help for the deal created monumental dangers for the

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Shares plummet after UBS’s historic takeover of Credit Suisse
Business

Shares plummet after UBS’s historic takeover of Credit Suisse

March 20, 2023March 20, 2023

Shares of Credit Suisse plunged 63% in early buying and selling Monday after the announcement that banking large UBS would purchase its troubled rival for

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