85 Swiss branches of UBS and Credit Suisse to shut, report saysUBS will close 85 branches in Switzerland as part of its consolidation with Credit Suisse, aiming to cut costs and reduce branch duplicatio...
08 Mar, 2024, 02.20 PM IST
UBS names India, South Korea, others as 'slow' to approve Credit Suisse dealUBS Group has identified South Korea, India, Ireland, and Saudi Arabia as slow in granting regulatory approvals required for its takeover o...
19 Sep, 2023, 03.32 PM IST
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 ...
13 Sep, 2023, 10.27 AM IST
UBS to absorb Credit Suisse's domestic bank, eyes $10 bln in cost savingsUBS subsidiary Credit Suisse on Thursday posted a net loss of 9.3 billion Swiss francs. Credit Suisse saw assets under management decline 3...
31 Aug, 2023, 10.47 AM IST
After Credit Suisse takeover, UBS gives first glimpse of new groupUBS is set to release its first earnings report since acquiring Credit Suisse, providing insight into the impact of the deal. The report wi...
29 Aug, 2023, 11.45 AM IST
Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this weekAround 80% of Credit Suisse's Hong Kong-based investment banking staff will be laid off starting this week as part of its integration with ...
07 Aug, 2023, 11.47 AM IST
UBS to start Credit Suisse Asia investment banking job cuts in July: SourcesUBS completed its emergency takeover of embattled rival Credit Suisse last week, forging a Swiss banking and wealth management giant with a...
21 Jun, 2023, 04.53 PM IST
UBS says it was rushed into unwanted Credit Suisse rescue mergerUBS, in a Tuesday filing to the U.S. Securities and Exchange Commission, told investors it had less than four days to conduct due diligence...
17 May, 2023, 11.04 AM 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
Credit Suisse integration will take up to 4 years, says UBS chairmanEven with downside protection in the form of government support, there’s a “huge amount of risk in integrating these businesses,” Colm Kell...
05 Apr, 2023, 04.22 PM IST
Up to 36,000 jobs may go in UBS-Credit Suisse merger: ReportsThe takeover by UBS of Credit Suisse was hastily arranged by the Swiss government on March 19 to prevent a global financial meltdown, follo...
02 Apr, 2023, 03.28 PM IST
UBS sends Iqbal Khan to stem Credit Suisse’s private banker exits; vows retention packages for Asia staffKhan signaled during his Asia trip that relationship managers should stick around until the merger closes because UBS would be willing to o...
24 Mar, 2023, 02.51 PM IST
UBS likely to shrink Credit Suisse's $10 bln shipping portfolio: ReportUBS could also try to sell the portfolio, but doing so could prompt owners to move their accounts elsewhere, the WSJ reported, citing peopl...
23 Mar, 2023, 12.14 AM IST
UBS, regulators race to seal Credit Suisse deal: ReportUBS Group AG , Credit Suisse Group and key regulators are rushing to finalise a deal on the merger of the two Swiss banks as soon as Saturd...
20 Mar, 2023, 07.50 AM IST
UBS upgrades offer, agrees to buy Credit Suisse for over $2 billionThere has been a mad scramble to rescue the 167-year-old bank before financial markets reopen on Monday. UBS was reportedly under much pres...
20 Mar, 2023, 12.28 AM IST
Credit Suisse opposes UBS Group's $1 billion takeover offer: ReportAccording to a Bloomberg report, the Swiss lender is pushing back, saying the offer is too low and would hurt shareholders and employees wh...
19 Mar, 2023, 07.49 PM IST
UBS and Credit Suisse: Similar Swiss banks with differing fortunesCredit Suisse is still looking shaky despite taking a $54-billion lifeline thrown by the Swiss central bank. Investors remain nervous about...
19 Mar, 2023, 06.29 AM IST