Saudi National Bank was denied taking 40pc Credit Suisse stake: report VIENNA: Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was ... Published 10 Jul, 2023 06:52am
Business & Finance Saudi National Bank was denied taking 40% Credit Suisse stake: report VIENNA: Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% from 9.88%, but was... Published 09 Jul, 2023 06:34pm
Business & Finance UBS looks to axe 30pc of staff and keep Credit Suisse’s domestic business ZURICH: UBS is weighing cutting tens of thousands of jobs following its emergency takeover of Credit Suisse, as the... Published 03 Jul, 2023 06:04am
Markets UBS to cut 35,000 jobs after Credit Suisse rescue: report GENEVA: Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse – more than half its workforce – as part... Published 28 Jun, 2023 02:32pm
Business & Finance UBS embarks on ‘bumpy’ integration of Credit Suisse ZURICH: UBS said on Monday that it had finalised the takeover of its former rival Credit Suisse, clearing the way ... Published 19 Jun, 2023 06:54am
Markets UBS embarks on ‘bumpy’ integration of Credit Suisse ZURICH: UBS said Monday that it had finalised the takeover of its former rival Credit Suisse, clearing the way for a... Published 12 Jun, 2023 11:14am
Business & Finance UBS set to carve up Credit Suisse after takeover day ZURICH: UBS is set to finalise the takeover of Credit Suisse on Monday, but the hardest part is yet to come: turning... Published 10 Jun, 2023 11:32am
Markets UBS agrees with Swiss government on Credit Suisse loss guarantee ZURICH: UBS has signed an agreement with the Swiss government to cover up to 9 billion Swiss francs ($10.00 billion)... Published 09 Jun, 2023 01:34pm
Markets Japanese investors plans to sue MUFG unit over Credit Suisse bonds A group of Japanese investors are planning to file lawsuits against some brokerages based in the country, including... Published 09 Jun, 2023 09:26am
Markets UBS expects to seal Credit Suisse takeover as soon as June 12 ZURICH: UBS said on Monday it expected to complete its takeover of Credit Suisse “as early as June 12”, creating a... Published 05 Jun, 2023 11:45am
Markets UBS considers delaying results after Credit Suisse rescue UBS is considering delaying its quarterly results at least until the end of August, as the Swiss banking giant deals... Published 04 Jun, 2023 10:23am
Business & Finance Credit Suisse sale to UBS was ‘surprising’: Standard Chartered CEO DOHA: Standard Chartered CEO Bill Winters on Tuesday said the sale of Credit Suisse to UBS was “surprising” ... Published 29 May, 2023 04:27am
Markets Credit Suisse liquidity support from government should be soon repaid ZURICH: Credit Suisse should soon repay the emergency liquidity that the Swiss government gave the stricken bank to... Published 26 May, 2023 11:20am
Markets Julius Baer reports more money inflows after slow start to 2023 ZURICH: Julius Baer saw a 1% rise in its assets under management and 3.5 billion Swiss francs ($3.94 billion) in net... Published 23 May, 2023 10:47am
Markets UBS flags $17bn hit from Credit Suisse takeover UBS Group AG expects a financial hit of about $17 billion from the takeover of Credit Suisse Group AG, the bank said... Published 17 May, 2023 10:13am
Markets Commonwealth Bank to raise $500mn via AT1s, first Aussie major bank issue since Credit Suisse SYDNEY: Commonwealth Bank of Australia on Tuesday launched a new AT1 hybrid security issue aiming to raise A$750... Published 16 May, 2023 10:46am
Business & Finance UBS keeps Credit Suisse CEO for leadership team in merger ZURICH: Swiss banking giant UBS announced on Tuesday that Credit Suisse chief executive Ulrich Koerner would join ... Published 15 May, 2023 06:41am
Markets UBS prioritises Credit Suisse investment bank integration, cost cuts: FT UBS Group AG has prioritised integrating Credit Suisse’s investment bank and accelerating cost-cutting, the... Published 12 May, 2023 10:29am
Business & Finance UBS chief draws up Credit Suisse leadership shortlist UBS Group AG’s Chief Executive Sergio Ermotti has shortlisted the Credit Suisse Group AG’s executives most likely... Published 06 May, 2023 03:13pm
Markets More Credit Suisse bondholders join group appeal against FINMA decision More plaintiffs joined a group appeal against Swiss regulator FINMA over a 16 billion Swiss franc ($18.09 billion)... Published 04 May, 2023 12:24pm
Markets UBS wary of buying Credit Suisse in February, wanted more analysis ZURICH: UBS in February had concluded that buying its stricken competitor Credit Suisse was not desirable, but that... Published 03 May, 2023 01:07pm
Business & Finance EU sees urgency in bolstering bank resilience after turmoil STOCKHOLM: Recent turmoil in the banking sector barely affected European Union lenders but there remains an urgent... Published 02 May, 2023 05:59am
Markets Powerful Swiss central bank faces reform calls in wake of Credit Suisse rescue ZURICH: The Swiss National Bank is facing calls for an overhaul in its governance, with critics saying too much... Published 28 Apr, 2023 11:40am
Print Central banks signal end of bank turmoil FRANKFURT/LONDON/TOKYO: The world’s top central banks are cutting the frequency of their dollar liquidity operations... Updated 26 Apr, 2023 08:50am
Business & Finance UBS hopes to complete Credit Suisse takeover before July ZURICH: UBS said Tuesday it would likely complete its takeover of stricken rival Credit Suisse before the end of... Published 26 Apr, 2023 06:15am
Markets UBS hopes to complete Credit Suisse takeover before July ZURICH: UBS said Tuesday it would likely complete its takeover of stricken rival Credit Suisse before the end of... Published 25 Apr, 2023 03:09pm
Markets Central banks cut dollar operations with Fed as market stress eases FRANKFURT/LONDON/TOKYO: The world’s top central banks will reduce the frequency of their dollar operations with the... Published 25 Apr, 2023 02:10pm
Markets UBS first-quarter profit drops 52% due to legacy litigation case ZURICH: UBS Group AG on Tuesday reported a 52% slide in profit for the first quarter due to an increase in legal... Published 25 Apr, 2023 10:35am
Markets Credit Suisse saw $68 billion in first-quarter outflows as it crumbled ZURICH: Credit Suisse said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in the first... Updated 24 Apr, 2023 11:28am
Markets Credit Suisse bondholders sue Swiss regulator over $17bn bond wipeout Credit Suisse Group AG bondholders, representing $4.5 billion of the $17 billion of wiped-out Additional Tier 1... Published 21 Apr, 2023 10:50am