A Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images Deutsche Bank on Wednesday…
Read more Deutsche Bank beats expectations despite 27% drop in profit, jump in costsUBS CEO Sergio Ermotti joins 'Squawk Box' to discuss the bank's takeover of its rival Credit Suisse, the state of the banking industry, and more. Source link
Read more UBS CEO Sergio Ermotti on Credit Suisse takeover: It allows us to compete betterShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email UBS CEO Sergio Ermotti joins ‘Squawk Box’ to discuss the bank’s takeover of its rival…
Read more Watch CNBC’s full interview with UBS CEO Sergio ErmottiUBS expects to complete its takeover of Credit Suisse “as early as June 12”, which will create a giant Swiss bank with a balance sheet of $1.6 trillion.…
Read more UBS says it has completed the takeover of stricken rival Credit SuisseUBS 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 weekSwiss authorities brokered the controversial emergency rescue of Credit Suisse by UBS for 3 billion Swiss francs ($3.37 billion) over the course of a weekend in March. Fabrice…
Read more UBS and the Swiss government sign loss protection agreement over Credit Suisse takeoverWith its $3.2 billion acquisition of Credit Suisse, UBS is poised to climb the ranks of global mega banks. UBS is no stranger to blockbuster mergers. The modern…
Read more Why wealthy Americans love UBS, the secretive Swiss banking giantThe Faro office building at the Banco Santander SA headquarters on Thursday, Feb. 2, 2023. Bloomberg | Bloomberg | Getty Images European banks are looking stronger and more…
Read more European banks are stronger than their U.S. rivals, analysts say. Here’s whyHIROSHIMA, JAPAN – MAY 17: People walk beneath a banner promoting the Group of 7 (G7) summit at a shopping street on May 17, 2023 in Hiroshima, Japan.…
Read more Global debt nears record highs as rate hikes trigger ‘crisis of adaptation,’ top trade body saysSwiss authorities brokered the controversial emergency rescue of Credit Suisse by UBS for 3 billion Swiss francs ($3.37 billion) over the course of a weekend in March. Fabrice…
Read more UBS expects $17 billion hit from Credit Suisse rescue, flags hasty due diligenceUlrich Koerner, chief executive officer of Credit Suisse Group AG, during a Bloomberg Television interview in London, UK, on Tuesday, March 14, 2023. Hollie Adams | Bloomberg |…
Read more UBS announces Credit Suisse CEO Koerner to join board after emergency rescueThe Swiss National Bank has come into the spotlight following its assistance in UBS’ takeover of Credit Suisse. Bloomberg / Contributor / Getty Images The Swiss National Bank…
Read more Swiss National Bank to face Credit Suisse and climate protests at fraught AGMThe headquarters of Barclays Plc beyond the West India Quay Docklands Light Railway station in the Canary Wharf financial district in London, UK, on Monday, March 20, 2023.…
Read more Barclays posts 27% rise in net profit for the first quarter, beats expectationsA Deutsche Bank AG branch in the financial district of Frankfurt, Germany, on Friday, May 6, 2022. Alex Kraus | Bloomberg | Getty Images Deutsche Bank on Thursday…
Read more Deutsche Bank logs 11th straight quarterly profit, reveals job cutsUBS reported its first results since the deal to buy Credit Suisse. Fabrice Coffrini | Afp | Getty Images UBS reported a 52% annual drop in net profit…
Read more UBS net profit drops 52% in the first quarter due to hit from U.S. legal battleA sign of Credit Suisse bank is seen on a branch building in Geneva, on March 15, 2023. Fabrice Coffrini | AFP | Getty Images Credit Suisse on…
Read more Credit Suisse logged asset outflows of more than $68 billion during first-quarter collapseTim Adams Anjali Sundaram | CNBC The banking sector turmoil that led to the collapse of several lenders was not a systemic crisis and has now subsided, according…
Read more Banking turmoil was not a crisis but ‘the downside risks are real,’ IIF boss warnsInterest rate rises have increased banks’ vulnerabilities — and their response presents a significant risk to global growth, the International Monetary Fund’s chief economist warned Tuesday. “We are…
Read more Banks in ‘more precarious situation’ creating risks for global growth, IMF chief economist warnsNEW YORK, NEW YORK – MARCH 15: Traders work on the floor of the New York Stock Exchange during morning trading on March 15, 2023 in New York…
Read more March’s banking chaos gave short sellers their biggest profits since the financial crisisThe Credit Suisse logo seen displayed on a smartphone and UBS logo on the background. Sopa Images | Lightrocket | Getty Images Allowing the bankruptcy of troubled lender…
Read more Switzerland faced a full-scale bank run if Credit Suisse went bankrupt, Swiss regulator argues
