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CREDIT SUISSE TAKEOVER
Credit Suisse sheds nearly 13% of workforce this yearCredit Suisse has reduced its workforce by nearly 13% this year, with the number of employees falling to 33,968 at the end of June. The ban...- UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sourcesUBS' takeover of Credit Suisse marks the first-ever merger of two global systematically important banks after the latter suffered years of ...
- Momentum is pretty positive: UBS CEO Sergio ErmottiUBS's CEO said that the momentum is pretty positive at the Swiss bank. Ermotti said last week that he plans to stay at the bank's helm thro...
- UBS' Credit Suisse takeover with nickel and a dime. Is this the 'deal of the century'?UBS's acquisition of Credit Suisse for $3.25 billion in March has been hailed as the "deal of the century" after UBS reported a net profit ...
- In wake of Credit Suisse, Switzerland told to prepare for bank failureSwitzerland was urged to prepare properly for the failure of a big bank on Friday by a group of experts in the wake of the collapse of Cred...
- UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees USD 10B in cost cutsCEO Sergio Ermotti, in a statement, said it would roll in Credit Suisse's domestic operations, in the midst of speculation they might be sp...
- Credit Suisse announces management changes at Swiss bankCredit Suisse announced that Andreas Gerber, head of corporate banking and another member of the Credit Suisse Switzerland executive board,...
- UBS completes takeover of Credit SuisseUBS has successfully concluded its acquisition of Credit Suisse, resulting in a mammoth banking entity, as two global banks unite for the f...
- UBS CEO says about 10% of Credit Suisse staff have leftReuters and other media reported last month that hundreds of Credit Suisse employees were resigning each week, amid heightened uncertainty ...
- UBS set to carve up Credit Suisse after takeover dayUBS is set to finalise the takeover of Credit Suisse on Monday, but the hardest part is yet to come: turning the arranged marriage of Switz...
- UBS expects to seal Credit Suisse takeover as early as June 12Swiss banking giant UBS will be completing its takeover of Credit Suisse around 12 June. This is later than the expected date of UBS chief ...
- UBS CEO Sergio Ermotti warns of painful jobs decisions after Credit Suisse takeover"We won't be able to create, short term, job opportunities for everybody. Synergies is part of the story," Ermotti said at an event organis...
- UBS says Credit Suisse CEO Koerner to join leadership of combined groupThe leadership reshuffle follows the government-orchestrated rescue of Credit Suisse, which UBS agreed in March for 3 billion Swiss francs ...
- UBS wary of buying Credit Suisse in February, wanted more analysis - SEC filingIn March UBS agreed to takeover its struggling rival Credit Suisse for 3 billion Swiss francs ($3.37 billion) and said it would assume up t...
- Swiss regulator says two banks' crisis plans are insufficientIt said "ZKB has not yet built up the required capital in full" and that "PostFinance must realign its emergency planning." The assessment ...
- Swiss regulators defend rescue of Credit Suisse via UBS dealThe head of the Swiss financial regulator on Wednesday defended the rescue of Credit Suisse through a controversial takeover by rival bank ...
- UBS tells investors shotgun Credit Suisse takeover a 'major challenge'Describing the transaction as "the first merger of two globally systematically important banks," Chairman Colm Kelleher sought to assure in...
- Credit Suisse faces anger at final shareholder meetingTuesday's shareholder meeting marks an ignominious end for the 167-year-old flagship bank founded by Alfred Escher, a Swiss magnate affecti...
- Credit Suisse's troubles - spies, money laundering and takeoverSwitzerland's UBS has agreed to buy rival Credit Suisse for 3 billion Swiss francs in stock in a shotgun merger engineered by Swiss authori...
- UBS takeover of Credit Suisse: the main points"Its fate is therefore not only decisive for Switzerland, for our companies, for private clients, for its own employees, but also for the s...
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