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 global banking giant…
Read more UBS will cut 3,000 jobs in Switzerland as it absorbs Credit Suisse | CNN BusinessBy Pierre Bertrand UBS Group said it expects to complete its acquisition of Credit Suisse Group and have the shares of the Swiss peer delisted as early as…
Read more UBS Expects to Complete Credit Suisse Acquisition, Delisting as Early as Next Week – UpdateDeutsche Bank Reports Higher Profit in Tumultuous Quarter Source link
Read more Deutsche Bank Reports Higher Profit in Tumultuous QuarterLondon 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 still pulling their…
Read more Credit Suisse outflows topped $68 billion as the bank veered towards collapse | CNN BusinessSwitzerland’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 Sunday. The prosecutor,…
Read more Swiss prosecutor probes Credit Suisse takeover | CNN BusinessHong Kong/London CNN — UBS is bringing back its former chief executive, Sergio Ermotti, to manage the hugely complex and risky task of completing the bank’s emergency takeover…
Read more UBS brings back Sergio Ermotti as CEO to oversee Credit Suisse rescue | CNN BusinessLondon 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. Worries that Credit…
Read more Too big for Switzerland? Credit Suisse rescue creates bank twice the size of the economy | CNN BusinessLondon CNN — Investors in a riskier type of Credit Suisse’s bonds had the value of their holdings slashed to zero Sunday after Swiss authorities brokered an emergency…
Read more What are AT1 bonds and why are Credit Suisse’s now worthless? | CNN BusinessA version of this story first appeared in CNN Business’ Before the Bell newsletter. Not a subscriber? You can sign up right here. You can listen to an audio…
Read more Silicon Valley Bank left a void that won’t easily be filled | CNN BusinessWe’ve detected you are on Internet Explorer. For the best Barrons.com experience, please update to a modern browser. We’ve detected you are on Internet Explorer. For the best…
Read more Credit Suisse, UBS, First Republic, and More Stock Market MoversBy 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 in UBS Group…
Read more Norway’s Oil Fund Has Roughly 1.49% Stake in Credit Suisse, No AT1 Bond Exposure“This is no bailout,” said Karin Keller-Sutter, the Swiss finance minister, calling the deal a commercial solution to avoid bankruptcy and collateral damage. The Associated Press Source link
Read more Video: UBS to Buy Rival Credit Suisse in $3.2 Billion DealLondon CNN — Switzerland’s biggest bank, UBS, has agreed to buy its ailing rival Credit Suisse in an emergency rescue deal aimed at stemming financial market panic unleashed…
Read more UBS is buying Credit Suisse in bid to halt banking crisis | CNN BusinessUBS Group has offered to buy Credit Suisse Group for up to $1 billion, the Financial Times reported on Sunday. The report said regulators are rushing to complete…
Read more UBS Said to Offer $1 Billion for Credit Suisse. Here’s Why It Matters.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. Investors and customers…
Read more Credit Suisse faces fateful weekend. Will UBS step up with a rescue bid? | CNN BusinessLondon CNN — Credit Suisse can’t catch a break. In the latest piece of troubling news, the beleaguered Swiss bank has delayed the publication of its 2022 annual…
Read more Credit Suisse delays annual report after ‘late call’ from the SEC | CNN BusinessCredit Suisse Group AG said Friday that it is offering to repurchase debt securities for a total of close to $3 billion as the troubled lender looks to…
Read more Credit Suisse makes $2.98 billion debt-repurchase offersThis story is part of CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free, here. New York CNN Business — Well, well, well.…
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