Swiss parliament starts Credit Suisse takeover probe
ZURICH, SWITZERLAND — Switzerland’s parliament on Thursday kicked off its probe into the government-orchestrated takeover of the stricken Credit Suisse…
UBS to cut 35,000 jobs after Credit Suisse rescue: report
GENEVA, SWITZERLAND — Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse — more than half its…
UBS set for ‘bumpy’ integration of Credit Suisse
ZURICH, SWITZERLAND — UBS is poised to complete on Monday its takeover of Credit Suisse, but integrating the former rival…
UBS says to complete Credit Suisse takeover on 12 June
ZURICH, SWITZERLAND — Swiss banking giant UBS is expected to complete its takeover of crisis-hit domestic rival Credit Suisse as…
Singapore court orders Credit Suisse to pay Georgian ex-PM US$926 million
SINGAPORE, SINGAPORE — A Singapore court on Friday ordered Credit Suisse to pay an ex-Georgian prime minister US$926 million for…
UBS merger with Credit Suisse raises job fears at home
ZURICH, SWITZERLAND — Among the many concerns over the new megabank created by the merger of UBS and the beleaguered…
UBS says Credit Suisse CEO to join board in mega merger
ZURICH, SWITZERLAND — Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner will join its…
Swiss regulator aims to draw lessons from Credit Suisse debacle
ZURICH, SWITZERLAND — Switzerland’s banking regulator said Wednesday it would draw lessons from the meltdown of Credit Suisse, as it…
UBS posts US$1.0 bn Q1 net profit, Credit Suisse takeover completion set for Q2
ZURICH, SWITZERLAND — UBS said Tuesday it would likely complete its takeover of stricken rival Credit Suisse in the second…
Over US$68 bn withdrawn from Credit Suisse ahead of UBS takeover
ZURICH, SWITZERLAND — More than US$68 billion was withdrawn from Credit Suisse in the first three months of 2023, the…