Credit Suisse ceases to exist as UBS wraps up takeover"Today, Credit Suisse AG has been deregistered in the Commercial Register of the Canton of Zurich," UBS said in a statement on Friday. It "...
01 Jun, 2024, 12.53 AM IST
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...
29 Sep, 2023, 03.24 PM IST
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...
19 Sep, 2023, 03.30 PM IST
UBS to announce changes to next management level soon: CEO Sergio ErmottiUBS will announce further changes to its management as it seeks to integrate Credit Suisse following the recent takeover of its former riva...
27 Jun, 2023, 02.14 PM IST
Prospects for UBS are better than ever: CEO Sergio Ermotti"The prospects for UBS are better than ever," Sergio Ermotti wrote in an opinion piece published in the Swiss paper Tages-Anzeiger. "This a...
17 Jun, 2023, 03.31 PM IST
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 ...
12 Jun, 2023, 07.51 PM IST
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...
03 Jun, 2023, 01.04 AM IST
Credit Suisse's problems began years ago, says UBS CEO Sergio ErmottiUBS CEO Sergio Ermotti, who returned to Switzerland's biggest bank last month to handle the merger, said it was "crystal clear, the situati...
13 May, 2023, 01.48 PM IST
UBS chief draws up Credit Suisse leadership shortlistDixit Joshi, chief financial officer, Francesca McDonagh, chief operating officer, and André Helfenstein, head of the Swiss business, are m...
06 May, 2023, 05.34 PM IST
UBS aims to close Credit Suisse deal by end of May, early June: CEOIn March UBS agreed to takeover its struggling cross-town rival for 3 billion Swiss francs ($3.37 billion) and said it would assume up to 5...
03 May, 2023, 05.03 PM IST
UBS CEO tells Credit Suisse staff to stay focused on clients and the businessUBS CEO, Sergio Ermotti, told Credit Suisse staff to remain client-focused and maintain operational excellence during the merger. The Swiss...
06 Apr, 2023, 11.17 PM IST
New UBS CEO plays down concerns over size of Swiss bank combinationSergio Ermotti, the incoming CEO of UBS, has stated that worries about the size of the new bank, combining UBS and Credit Suisse, are unfou...
01 Apr, 2023, 11.35 PM IST
UBS’s Kelleher says Credit Suisse integration bigger than 2008 crisis dealsUBS and Credit Suisse, the second-biggest bank in Switzerland, were both among the select banks around the world considered to be global sy...
29 Mar, 2023, 04.49 PM IST
UBS turns to ex-CEO Ermotti to steer Credit Suisse takeoverSergio Ermotti, the current chairman of Swiss Re, is returning to the bank, where he was chief executive from 2011 to 2020, following the t...
29 Mar, 2023, 11.31 AM IST
UBS cuts Sergio Ermotti's pay after French court blow, overhauls bonus schemeUBS Chief Executive Sergio Ermotti, who is due to be replaced by ING head Ralph Hamers in November, was awarded a total 12.5 million Swiss ...
28 Feb, 2020, 01.17 PM IST
UBS names ING chief Hamers to head Swiss banking giantUBS, the world's largest wealth manager, lowered its medium-term profitability targets in January under pressure from low interest rates an...
20 Feb, 2020, 11.13 AM IST
UBS CEO says succession "years away""I am not immortal, therefore somebody some day will have to be my succession," Ermotti told journalists during a conference presenting Swi...
22 Jan, 2019, 05.22 PM IST