UBS plans to eventually reduce the total combined workforce by around 30 per cent or 35,000 people, with the headcount at Credit Suisse currently at around 45,000
Swiss government officials, including the financial regulator, hastily orchestrated a $3.25 billion takeover of Credit Suisse by UBS on March 19 after Credit Suisse's stock plunged and jittery depositors quickly pulled out...
It stressed that it cannot anticipate the result of the “clarifications” it has set in motion and didn't identify any specific possible offence
The two Zurich-based banks, longtime rivals, are uniting in a 3 billion-franc ($3.3 billion) deal that was arranged hastily in March by the Swiss government and regulators after Credit Suisse's stock plunged and jittery...
“I apologize that we were no longer able to stem the loss of trust that had accumulated over the years and for disappointing you,” he said
The bank has announced that it will exchange the senior unsecured bail-in notes which are due in March 2028 and March 2032 at the re-offer price
The Swiss attorney general's office has opened a probe into events surrounding Credit Suisse ahead of the UBS takeover, and the executive branch ordered tens of millions in cuts to the bonuses of top Credit Suisse executives...
An important lesson, supposedly learned in the aftermath of 2008 crisis, was that governments stepping in to help too-big-to-fail private banks is not a favourable situation
Currently, Hassan is the first vice president and chief operating officer of the Federal Reserve Bank of New York (FRBNY). She will also be serving on UBS...
Woxsen’s Placement Drive 2022 observed an increase in the industry's need for candidates showcasing their acumen to leverage the potential of Data towards...
