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UBS inks pact with Swiss government as Credit Suisse deal may close next week
[ad_1] UBS said Friday that it’s signed a loss protection agreement with the Swiss government covering up to 9 billion francs ($10 billion) of…
Tag: CH:UBSG
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UBS profit halves due to U.S. litigation, but draws billions new money
[ad_1] UBS Group AG said Tuesday that earnings declined in the first quarter, hurt by litigation, but that the bank drew in billions in…
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Credit Suisse chairman apologizes at final shareholder meeting in 167-year history
[ad_1] “We wanted to put all our energy and our efforts into turning the situation around and putting the bank back on track. It…
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Credit Suisse abetted possible criminal tax evasion, Senate committee alleges
[ad_1] A new Senate Finance Committee report from the Democratic staff alleges that Credit Suisse CS violated key terms of a plea agreement with…
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Sergio Ermotti returns as UBS CEO after Credit Suisse deal
[ad_1] UBS Group AG said Wednesday that it has decided to appoint Sergio P. Ermotti as its new chief executive replacing Ralph Hamers, and…
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U.S. stocks end higher, S&P 500 books back-to-back weekly gains despite bank jitters spurred by Deutsche Bank
[ad_1] U.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…
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Deutsche Bank shares slump in latest sign of bank worries
[ad_1] Deutsche Bank shares slumped on Friday, putting the health of another globally systemic important bank in the spotlight heading into the weekend. The…
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Credit Suisse shares slump by two-thirds after UBS deal
[ad_1] Credit Suisse shares dropped as much as 65% on Monday after the struggling Swiss bank agreed to be taken over by its rival…
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UBS to buy Credit Suisse for more than $3 billion in deal backed by Swiss government
[ad_1] Struggling Swiss banking giant Credit Suisse has agreed to be bought by its arch-rival UBS at a discount to Friday’s close price, after…
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UBS posts better-than-expected profit, as wealth-management unit brings in $23.3 billion in new client money
[ad_1] UBS Group AG on Tuesday reported a surprise rise in fourth-quarter profit as its wealth-management arm attracted billions in new client money, offsetting…