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Credit Suisse

UBS smashes forecasts with $1.4 billion Q3 net profit

ZURICH: Swiss banking giant UBS posted net income of $1.4 billion (1.3 billion euros) on Wednesday, the company said...

Published 30 Oct, 2024 11:59am

Business & Finance

UBS fund management arm reports 3% stake in Swiss National Bank

UBS Fund Management (Switzerland) AG now holds a 3% stake in Swiss National Bank, according to an October filing...

Published 25 Oct, 2024 07:29pm

Business & Finance

New Swiss central bank chief takes charge in shadow of Credit Suisse trauma

ZURICH: As the Swiss National Bank’s new chairman Martin Schlegel takes office this week, the jury is out on the...

Published 30 Sep, 2024 12:07pm

Business & Finance

Swiss authorities draw flak in Credit Suisse probe: report

ZURICH: Preliminary findings in an eagerly awaited parliamentary report into the 2023 collapse of Credit Suisse have...

Published 15 Jul, 2024 06:25am

Business & Finance

Challenges await as UBS makes Credit Suisse merger official

ZURICH: Banking giant UBS on Monday officially merged its Swiss branches with those of Credit Suisse, but huge...

Published 08 Jul, 2024 08:25am

Business & Finance

UBS sets aside $900mn for investors hit by Credit Suisse scandal

ZURICH: Swiss banking giant UBS said Monday it would set aside $900 million to help compensate investors who took a...

Published 17 Jun, 2024 05:16pm

Business & Finance

UBS and Credit Suisse’s Swiss units could merge by July 1, executive says

ZURICH: The merger of the Swiss units of UBS and Credit Suisse could be completed as early as July 1, a senior...

Published 11 Jun, 2024 12:30pm

Business & Finance

UBS back in profit after Credit Suisse takeover losses

ZURICH: Swiss banking giant UBS on Tuesday said first quarter net profit rose 71 percent to nearly $1.8 billion, far...

Published 07 May, 2024 12:43pm

Business & Finance

Five waves of UBS layoffs to start in June

VIENNA: Layoffs under Swiss banking giant UBS’s cost-cutting programme announced after its takeover of Credit Suisse...

Updated 22 Apr, 2024 09:25am

Business & Finance

UBS reports 14.4 million Swiss francs for CEO Ermotti in 2023

ZURICH: UBS on Thursday said its CEO Sergio Ermotti picked up 14.4 million Swiss francs in 2023 after taking over...

Published 28 Mar, 2024 01:40pm

Business & Finance

UBS sells $8bn of Credit Suisse assets to Apollo

ZURICH: UBS has sealed the sale of Credit Suisse’s securitised products business to Apollo Global Management as part...

Published 28 Mar, 2024 07:20am

Business & Finance

UBS sells $8 billion of Credit Suisse assets to Apollo

ZURICH: UBS has sealed the sale of the securitised products business of Credit Suisse to Apollo Global Management,...

Published 27 Mar, 2024 01:29pm

Business & Finance

UBS posts $279-mn Q4 net loss after Credit Suisse takeover

ZURICH: Swiss banking giant UBS on Tuesday posted a smaller-than-expected net quarterly loss of $279 million, amid...

Published 06 Feb, 2024 12:04pm

Business & Finance

UBS unveils big branding push after Credit Suisse takeover

ZURICH: UBS on Tuesday unveiled its biggest branding campaign since 2016 to drive growth, spending tens of millions...

Published 23 Jan, 2024 02:33pm

Business & Finance

Swiss financial watchdog wants to examine clawing back bankers’ bonuses

ZURICH: Switzerland’s financial regulator wants to discuss the ability to claw back bonuses from bankers as part ...

Published 31 Dec, 2023 03:04am

Markets

STOXX 600 ends 2023 up 12.6pc on rate cut optimism

PARIS: European shares ended 2023 with an annual gain of almost 13 percent on hopes of softer monetary policy from...

Published 30 Dec, 2023 06:28am

Business & Finance

Westpac to raise $488 million in additional Tier 1 capital

SYDNEY: Westpac Banking Corp, Australia’s third largest bank by market capitalisation, said on Monday it would raise...

Published 20 Nov, 2023 10:16am

Business & Finance

UBS posts bigger loss than expected as it absorbs Credit Suisse

ZURICH: UBS on Tuesday posted a larger-than-expected loss in the third quarter as it integrates Credit Suisse...

Published 07 Nov, 2023 01:52pm

Business & Finance

UBS to cut Credit Suisse investment bank staff in Spanish overhaul

ZURICH: UBS is cutting nearly half of the staff it inherited from Credit Suisse in Spain in the latest restructuring...

Published 25 Oct, 2023 08:13pm

Markets

Credit Suisse expects Q3 loss of $1.6bn from reclassifying loans

ZURICH: Credit Suisse expects to make a third quarter loss of about $1.6 billion from reclassification of loans...

Published 29 Sep, 2023 10:12am

World

India court warns SpiceJet of ‘drastic action’ if Credit Suisse dues unpaid

NEW DELHI: India’s top court on Monday directed SpiceJet to pay $1.5 million in a case related to unpaid dues to...

Published 11 Sep, 2023 02:30pm

Business & Finance

UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts

ZURICH: Banking giant UBS said Thursday it plans to fully absorb Credit Suisse’s century-old Swiss division and...

Published 01 Sep, 2023 05:41am

Business & Finance

UBS to cut more than 3,000 Swiss jobs as it integrates Credit Suisse

UBS will cut 3,000 jobs in Switzerland in the coming years as it integrates Credit Suisse, with further staff to go...

Published 31 Aug, 2023 01:08pm

Business & Finance

UBS posts $29bn profit, Credit Suisse $10bn loss amid merger

ZURICH: UBS posted a towering $29-billion net profit in the second quarter amid its takeover of fallen rival Credit...

Published 31 Aug, 2023 10:45am

Markets

UBS set to post first results since Credit Suisse merger

ZURICH: As UBS prepares to post earnings this week, investors and employees are eagerly awaiting clues as to how...

Published 29 Aug, 2023 11:23am

Business & Finance

UBS shuffles bank bosses in bid to better compete with Wall Street

LONDON/NEW YORK: UBS on Monday announced an overhaul of its investment banking division, including naming the...

Published 15 Aug, 2023 06:30am

Markets

Credit Suisse retail investors plan lawsuit challenging UBS buyout

Retail investors who lost money when Credit Suisse was taken over by UBS in March plan to file a lawsuit challenging...

Published 13 Aug, 2023 10:23am

Business & Finance

UBS no longer taking state aid for Credit Suisse takeover

ZURICH: Swiss banking giant UBS voluntarily put an end Friday to the state and central bank support that smoothed ...

Published 12 Aug, 2023 06:44am

Markets

UBS ends state guarantee granted over Credit Suisse rescue

ZURICH: UBS won’t need the government guarantee it secured to rescue failing rival Credit Suisse and has repaid...

Published 11 Aug, 2023 12:34pm

Markets

Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week

HONG KONG: Around 80% of Hong Kong-based investment banking staff at Credit Suisse will be laid off and the cuts...

Published 07 Aug, 2023 10:55am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Dec 20	278.48
USD PKR Interbank Buying / Dec 20	278.28
USD to Japanese Yen / Dec 20	156.31
USD to Swiss Franc / Dec 20	0.89
Pound Sterling to USD / Dec 20	1.26
Euro to USD / Dec 20	1.04

Stock	Volume
S&P 500 / Dec 20	5,930.85
India Sensex / Dec 20	78,041.59
Tokyo Nikkei / Dec 20	38,701.90
Nasdaq / Dec 20	19,572.60
Hang Seng / Dec 20	19,720.70
FTSE 100 / Dec 20	8,084.36
Dow Jones / Dec 20	42,840.26
Germany DAX 30 / Dec 20	19,884.75

Item	Value
Crude Oil USD/Barrel / Dec 20	69.46
Gold 10 Grams PKR / Dec 20	234,311
Gold Spot USD/Ounce / Dec 20	2,622.91
Cotton US¢/pound / Dec 20	68.06
Karachi Cotton PKR/37.32 KG / Dec 21	17,585
Petrol/Litre / Dec 22	252.10

Gainers
Losers
Leaders

Stock	Price
Media Times Ltd / Dec 20 Media Times Limited(MDTL)	2.37 ▲ 0.37 (18.50%)
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	7.23 ▲ 1.00 (16.05%)
Ist.Capital Sec / Dec 20 First Capital Securities Corporation(FCSC)	2.12 ▲ 0.26 (13.98%)
Khalid Siraj / Dec 20 Khalid Siraj Textile Mills Limited(KSTM)	9.60 ▲ 0.97 (11.24%)
Aruj Industries / Dec 20 Aruj Industries Limited(ARUJ)	9.90 ▲ 0.98 (10.99%)
Escorts Bank / Dec 20 Escorts Investment Bank Limited(ESBL)	4.79 ▲ 0.47 (10.88%)
Cresent Jute / Dec 20 Crescent Jute Products Limited(CJPL)	4.20 ▲ 0.40 (10.53%)
S.G.Power / Dec 20 S.G. Power Limited(SGPL)	11.19 ▲ 1.02 (10.03%)
P.T.C.L. / Dec 20 Pakistan Telecommunication Company Ltd(PTC)	25.80 ▲ 2.35 (10.02%)

Stock	Price
LSE Financial Serv. / Dec 20 LSE Financial Services Limited(LSEFSL)	16.25 ▼ -1.81 (-10.02%)
Dar-es-Salaam / Dec 20 Dar-es-Salaam Textile Mills Limited(DSML)	41.93 ▼ -4.66 (-10.00%)
Maqbool Tex. / Dec 20 Maqbool Textile Mills Limited(MQTM)	31.05 ▼ -3.45 (-10.00%)
Reliance Cotton / Dec 20 Reliance Cotton Spinning Mills Limited(RCML)	621 ▼ -69.00 (-10.00%)
Sanghar Sugar / Dec 20 Sanghar Sugar Mills Limited(SANSM)	27.72 ▼ -3.08 (-10.00%)
Olympia Mills / Dec 20 Olympia Mills Limited(OML)	34.58 ▼ -3.84 (-9.99%)
Nagina Cot. / Dec 20 Nagina Cotton Mills Limited(NAGC)	48.92 ▼ -5.41 (-9.96%)
Oilboy Energy / Dec 20 Oilboy Energy Limited(OBOY)	11.39 ▼ -1.26 (-9.96%)
Arpak Int. / Dec 20 Arpak International Investments Ltd.(ARPAK)	65.22 ▼ -7.19 (-9.93%)

Stock	Volume
WorldCall Telecom / Dec 20 Worldcall Telecom Limited(WTL)	177,645,248 ▲ 0.10
K-Electric Ltd. / Dec 20 K-Electric Limited(KEL)	81,901,542 ▲ 0.16
Cnergyico PK / Dec 20 Cnergyico PK Limited(CNERGY)	68,345,098 ▲ 0.12
Pak Elektron / Dec 20 Pak Elektron Limited(PAEL)	57,974,101 ▲ 1.47
Pak Refinery / Dec 20 Pakistan Refinery Limited(PRL)	45,251,944 ▲ 0.40
Pace (Pak) Ltd. / Dec 20 Pace (Pakistan) Limited(PACE)	43,240,462 ▲ 1.00
Sui South Gas / Dec 20 Sui Southern Gas Company Limited(SSGC)	40,539,001 ▼ -0.74
B.O.Punjab / Dec 20 The Bank of Punjab(BOP)	35,598,669 ▲ 0.24
Symmetry Group / Dec 20 Symmetry Group Limited(SYM)	34,869,613 ▼ -0.72

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