UBS said Friday that it’s signed a loss protection agreement with the Swiss government covering up to 9 billion francs ($10 billion) of losses once the takeover of…
Read more UBS inks pact with Swiss government as Credit Suisse deal may close next weekUBS Group AG said Tuesday that earnings declined in the first quarter, hurt by litigation, but that the bank drew in billions in net new money at its…
Read more UBS profit halves due to U.S. litigation, but draws billions new money“We wanted to put all our energy and our efforts into turning the situation around and putting the bank back on track. It pains me that we didn’t…
Read more Credit Suisse chairman apologizes at final shareholder meeting in 167-year historyA new Senate Finance Committee report from the Democratic staff alleges that Credit Suisse CS violated key terms of a plea agreement with the Justice Department. The report…
Read more Credit Suisse abetted possible criminal tax evasion, Senate committee allegesUBS Group AG said Wednesday that it has decided to appoint Sergio P. Ermotti as its new chief executive replacing Ralph Hamers, and said the change is a…
Read more Sergio Ermotti returns as UBS CEO after Credit Suisse dealU.S. stocks finished Friday higher, despite a jump in the cost of Deutsche Bank’s credit-default swaps helping to reignite banking-sector worries. The Dow Jones Industrial Average, S&P 500…
Read more U.S. stocks end higher, S&P 500 books back-to-back weekly gains despite bank jitters spurred by Deutsche BankDeutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend. The German lender’s shares DBK, -8.53%…
Read more Deutsche Bank shares slump in latest sign of bank worriesCredit Suisse shares dropped as much as 65% on Monday after the struggling Swiss bank agreed to be taken over by its rival UBS at a steep discount.…
Read more Credit Suisse shares slump by two-thirds after UBS dealStruggling Swiss banking giant Credit Suisse has agreed to be bought by its arch-rival UBS at a discount to Friday’s close price, after seeing a wave of customer…
Read more UBS to buy Credit Suisse for more than $3 billion in deal backed by Swiss governmentUBS Group AG on Tuesday reported a surprise rise in fourth-quarter profit as its wealth-management arm attracted billions in new client money, offsetting a slump at its investment…
Read more UBS posts better-than-expected profit, as wealth-management unit brings in $23.3 billion in new client money
