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[ad_1] London CNN — UBS expects to shed around 3,000 jobs in Switzerland as it tries to save $10 billion from a sweeping overhaul of the...
[ad_1] By Pierre Bertrand UBS Group said it expects to complete its acquisition of Credit Suisse Group and have the shares of the Swiss peer delisted...
[ad_1] Deutsche Bank Reports Higher Profit in Tumultuous Quarter [ad_2] Source link
[ad_1] London CNN — Credit Suisse suffered outflows of 61.2 billion Swiss francs ($68.7 billion) in the first three months of the year and customers are...
[ad_1] Switzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse (AMJL) by UBS Group, the office of the attorney general said...
[ad_1] Hong Kong/London CNN — UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and risky task of completing the...
[ad_1] London CNN — The last-minute rescue of Credit Suisse may have prevented the current banking crisis from exploding, but it’s a raw deal for Switzerland....
[ad_1] London CNN — Investors in a riskier type of Credit Suisse’s bonds had the value of their holdings slashed to zero Sunday after Swiss authorities...
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[ad_1] By Dominic Chopping Norway’s sovereign wealth fund had a 1.49% stake in Credit Suisse Group AG at the end of 2022 and a 3.31% stake...
[ad_1] “This is no bailout,” said Karin Keller-Sutter, the Swiss finance minister, calling the deal a commercial solution to avoid bankruptcy and collateral damage. [ad_2] The...
[ad_1] London CNN — Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial...
[ad_1] UBS Group has offered to buy Credit Suisse Group for up to $1 billion, the Financial Times reported on Sunday. The report said regulators are...
[ad_1] London CNN — The fate of Credit Suisse could be decided in the next 36 hours after a torrid week for Switzerland’s second biggest bank....
[ad_1] London CNN — Credit Suisse can’t catch a break. In the latest piece of troubling news, the beleaguered Swiss bank has delayed the publication of...
[ad_1] Credit Suisse Group AG said Friday that it is offering to repurchase debt securities for a total of close to $3 billion as the troubled...
[ad_1] This story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business — ...