| 单词 | Suisse |
| 例句 | They would meet again tomorrow, Sunday, at one o'clock at the Chalet Suisse restaurant. Nazi Saboteurs 2019-12-03T00:00:00Z He didn't like that they'd been kept waiting not only at Grant's Tomb but also at the Suisse Chalet restaurant. Nazi Saboteurs 2019-12-03T00:00:00Z Set to open in December, it occupies the top floors of the International Commerce Centre, a skyscraper that is home to financial giants like Morgan Stanley, Credit Suisse and Deutsche Bank. The World's Highest Hotel 2010-05-19T04:00:00Z In the high season, Le Suisse used to be strictly a tourist place. The French Side of Basque Country 2015-06-05T04:00:00Z Mr. Dieck, 30, has a job waiting: He will begin as an investment banking analyst at Credit Suisse. Clearing the Stage for a Big Graduation Number at City Ballet 2018-05-31T04:00:00Z With her new gig beginning on Monday at Credit Suisse, Kutti realized that the clock had seemingly run out. How Yoko Ono and a publishing temp saved the Beatles' Holy Grail from the scrap heap 2023-11-09T05:00:00Z A report issued by Credit Suisse in June predicted that 20 to 25 percent of the more than 1,000 existing enclosed malls in America will close in the next five years. An Ode to Shopping Malls 2017-07-26T04:00:00Z Eat and drink Place de la Petite Suisse is the place to go for quality Asian food, with Chinese, Vietnamese and Thai restaurants jostling for space. 10 of the coolest neighbourhoods in Europe 2020-02-08T05:00:00Z After graduating at 16 from the conservatory in Geneva, she made her debut performing the Beethoven Violin Concerto with the Orchestre de la Suisse Romande. Blanche Moyse, Music School Founder, Dies at 101 2011-02-15T07:30:06Z After Brasenose she went to Harvard Business School and worked at McKinsey and Credit Suisse, and married her New Zealander husband, who is still a fund manager. Claire Perry: a new breed of iron lady 2012-05-27T20:53:51Z Bankers at Credit Suisse on Thursday warned that Styles had sparked a surge in negative sentiment towards SeaWorld, the controversial aquatic theme park, which is already suffering a collapse in profits. SeaWorld criticism surges online after Harry Styles speaks out, analysts report 2015-08-27T04:00:00Z Mr. Seigerman, 30, is a vice president and a senior equity research analyst for the biotechnology sector in the Manhattan office of Credit Suisse, the Swiss bank. Marc Schechter, Evan Seigerman 2019-09-08T04:00:00Z Another building killed by that downturn was Daniel Libeskind’s One Madison, an ethereal, vegetation-laced tower built on stilts, hovering above what is now the Credit Suisse Tower. 10 Places That Define New York City, Reimagined 2017-10-30T04:00:00Z There’s a variant, popular in France and Italy, called Petit Suisse. A Guide to Soft Fresh Cheeses: Cottage Cheese, Mascarpone and More 2018-06-26T04:00:00Z “I kept waiting for Joseph to tell me how much he cared for me, but he never said a word,” said Ms. Park, a litigation associate at Credit Suisse in New York. Waiting for That Defining Moment 2021-05-28T04:00:00Z Kutti was in the running for a long-term opportunity that would soon be opening up at Credit Suisse. How Yoko Ono and a publishing temp saved the Beatles' Holy Grail from the scrap heap 2023-11-09T05:00:00Z Swiss firms from food and beverage giant Nestle to banking groups UBS and Credit Suisse pledged new goals on Tuesday to support and promote women. Swiss firms set goals to get more women into top roles 2017-03-07T05:00:00Z We drafted off each other, which seemed more Nascar than Tour de Suisse. The Swiss Alps on an Electric Bicycle 2011-08-26T19:00:31Z Ms. Zhou worked briefly for Credit Suisse after graduating from Dartmouth. The Bride, the Groom and the Elephant in the Room 2017-08-25T04:00:00Z On Saturday afternoon, Washington Performing Arts presented him again, this time with the Orchestre de la Suisse Romande, in a blockbuster concert at the Kennedy Center Concert Hall. Geneva orchestra at Kennedy Center shines with Debussy, Stravinsky 2015-02-22T05:00:00Z Ms. Lara was able to secure a position at Credit Suisse and Mr. Bailey was assured by his manager that the move would not hamstring his career. A More Mature Relationship the Second Time Around 2021-04-09T04:00:00Z The data is also cited in research from Wall Street firms including Credit Suisse, Bank of America and Wells Fargo - sometimes as a worthwhile indication of performance, and other times dismissively. How many people really are watching 'The Mandalorian'? Data firms offer numbers that Disney and Netflix won’t 2020-02-03T05:00:00Z This would in turn theoretically solve the problem of the 40 percent of online purchases, according to a report by Credit Suisse, that are returned to retailers. 'Selfies With Purpose': The Latest Big E-Commerce Idea 2014-06-12T04:00:00Z The “Credit Suisse Exhibition: Raphael” opened in April and ends on July 31. For Britain’s National Gallery, a Raphael Show Comes at the Right Time 2022-06-24T04:00:00Z In a sense, they have succeeded: a survey carried out in 2014 by Credit Suisse found that 54% of US doctors believe that dietary cholesterol raises blood cholesterol. The sugar conspiracy | Ian Leslie 2016-04-07T04:00:00Z The groom, 32, works on Credit Suisse’s Blockchain team in New York. They Soon Learned What the Doorman Knew 2019-03-09T05:00:00Z Career From Oxford and Harvard Business School she went on to a career in banking, working at McKinsey and Credit Suisse, before setting up her own company offering financial advice for women. Claire Perry: a new breed of iron lady 2012-05-27T20:53:51Z She spent seven years in the closet while working at Credit Suisse in New York. Lord Browne: testimonies on life inside the glass closet 2014-05-24T04:00:00Z In addition, Mr. Mehta played a role in luring Credit Suisse as a global sponsor. New York Philharmonic Executive to Step Down 2010-09-27T16:56:00Z A native of Baltimore, Murray rose from Goldman Sachs bond salesman to managing director for Lehman Brothers and Credit Suisse First Boston. Wall Street exec., author Gordon Murray dies at 60 2011-01-18T00:48:08Z The groom, 32, is a vice president and legal counsel for Credit Suisse in New York. Amanee Markos, John Ablan 2018-08-05T04:00:00Z This preceded a dinner hosted by Brown with the Credit Suisse C.E.O., | A Star-Studded Dinner in Basel for the Artist Theaster Gates 2013-06-13T22:11:14Z But Credit Suisse's bonds contained a clause allowing authorities the write down those bonds without winding down the bank. ECB backs global rules for bonds wiped out in Credit Suisse rescue 2023-11-16T05:00:00Z It made loans of more than $10bn using money from Credit Suisse customers, many of them to companies that later proved unable to repay. Cameron's return revives memories of Greensill finance scandal 2023-11-13T05:00:00Z As part of efforts to grow the unit, the Spanish bank is hiring staff from the stricken Credit Suisse. Santander's Botin targets auto finance, renewables in U.S. banking push 2023-11-09T05:00:00Z Government authorities in Bern shepherded through the deal with bank chiefs to stave off a collapse of Credit Suisse and avert a financial crisis. UBS reports pre-tax loss in 3Q but says benefits of Credit Suisse merger gather steam 2023-11-07T05:00:00Z It has been working to recover from the exodus of client funds from Credit Suisse. UBS wins back wealthy clients as Credit Suisse takeover thrusts it in red 2023-11-07T05:00:00Z It warned of an investigation into "weaknesses" and "deficiency" in Credit Suisse's financial reporting in 2021 and 2022, the result of which it said would be outlined in its own annual report. UBS dragged into the red by Credit Suisse takeover but inflows cheer 2023-11-07T05:00:00Z Losses on Greensill's loans were among the factors contributing to the collapse of Credit Suisse in March this year. Cameron's return revives memories of Greensill finance scandal 2023-11-13T05:00:00Z Earlier in the year, the regulator fined five foreign firms including Credit Suisse for naked short-selling, in which an investor short sells shares without first borrowing them or determining they can be borrowed. South Korea finance chief defends short-sell ban ahead of elections 2023-11-07T05:00:00Z UBS tallied $33 billion in net new deposits in its wealth management and personal and corporate banking segments, two-thirds of that from Credit Suisse clients. UBS reports pre-tax loss in 3Q but says benefits of Credit Suisse merger gather steam 2023-11-07T05:00:00Z "We are executing on the integration of Credit Suisse at pace and have delivered underlying profitability for the Group in the first full quarter since the acquisition," said Chief Executive Sergio Ermotti. UBS reports Q3 loss amid integration expenses 2023-11-07T05:00:00Z "We are executing on the integration of Credit Suisse at pace and have delivered underlying profitability for the group in the first full quarter since the acquisition," said Chief Executive Sergio Ermotti. UBS dragged into the red by Credit Suisse takeover but inflows cheer 2023-11-07T05:00:00Z Before Panorama's revelations, Cameron had repeatedly refused to tell Parliament how much he made promoting Greensill to investors who included customers of Swiss investment bank Credit Suisse. Cameron's return revives memories of Greensill finance scandal 2023-11-13T05:00:00Z Earlier in the year, the regulator fined five foreign firms including Credit Suisse for naked short-selling. S.Korea to re-impose stock short-selling ban through June to 'level playing field' 2023-11-05T04:00:00Z The surprise merger between Swiss banking rivals UBS and Credit Suisse resulted in a brutal 80% reduction in the Credit Suisse investment banking staff in Hong Kong in August. Global finance chiefs to face tougher China questions at Hong Kong summit 2023-11-03T04:00:00Z It has been working to recover from the exodus of client funds from Credit Suisse with above-market rates on deposits. UBS reports Q3 loss amid integration expenses 2023-11-07T05:00:00Z Schlegel added that the central bank was drawing lessons from the government's move to back a rescue deal for Credit Suisse in March, which rattled the Swiss banking sector and caused wider market panic. SNB vice-chairman says further rate hikes may be needed 2023-10-28T04:00:00Z Prosecutors in Brooklyn said Boustani, a Lebanese citizen, paid hundreds of millions of dollars in bribes and kickbacks to Mozambique officials and Credit Suisse bankers to secure the contracts and loans. Executives who defended themselves at criminal trials in the U.S. 2023-10-26T04:00:00Z UBS on Friday said it will overhaul the board of its domestic Swiss business after its takeover of Credit Suisse, including a new chairman to oversee both operations. IHG upbeat about 2023 results after 10.5% rise in quarterly room revenue 2023-10-20T04:00:00Z One topic Hermann said he was surprised to see largely missing from the campaign was Credit Suisse's collapse and its subsequent rescue last March. Switzerland's right set to gain at Green's expense in Sunday vote 2023-10-19T04:00:00Z The MAS and Credit Suisse did not immediately respond to a request for comment. Singapore to inspect Credit Suisse, others in money-laundering scandal - Bloomberg 2023-10-18T04:00:00Z "One lesson is certainly that Credit Suisse's liquidity flowed out significantly faster than the regulators in Switzerland and abroad had expected," he said. SNB vice-chairman says further rate hikes may be needed 2023-10-28T04:00:00Z The regulators' report contrasts with a barrage of criticism earlier this year when UBS emerged as Switzerland's single largest bank after the government hastily arranged and partly bankrolled its takeover of Credit Suisse. Global watchdog reveals tensions at heart of Credit Suisse debacle 2023-10-10T04:00:00Z The officials summed up that the "resolution" rules for shutting a collapsing bank without panicking markets could have worked for Credit Suisse, though public money would still likely have been needed. Global banking watchdog dismisses need for change after Credit Suisse debacle 2023-10-10T04:00:00Z UBS is trying to attract customers with above-market rates on deposits, according to people familiar with the bank's activities, as it seeks to boost inflows after taking over stricken peer Credit Suisse. Bumpy September for auto ETFs as UAW strike, higher rates weigh 2023-10-04T04:00:00Z Officials from Singapore's financial regulator will review documents and interview personnel from Credit Suisse and other banks within weeks, Bloomberg reported, citing people familiar with the situation. Singapore to inspect Credit Suisse, others in money-laundering scandal - Bloomberg 2023-10-18T04:00:00Z "Despite ongoing losses, Credit Suisse did not suspend interest payments on these instruments," Schlegel said. SNB vice-chairman says further rate hikes may be needed 2023-10-28T04:00:00Z The FSB report sheds new light on events that led to Credit Suisse's downfall. Global watchdog reveals tensions at heart of Credit Suisse debacle 2023-10-10T04:00:00Z "As is common in the market, there may be specifically tailored offers that can also depend on an overall client relationship," Credit Suisse said in response to a request for comment. UBS pays bumper rates on deposits to repair Credit Suisse outflows -sources 2023-10-04T04:00:00Z Mozambique has alleged it was the victim of a conspiracy and that Privinvest paid bribes to corrupt Mozambican officials and Credit Suisse bankers, exposing the country to a potential liability of at least $2 billion. Credit Suisse, Mozambique secure out-of-court 'tuna bond' settlement 2023-10-01T04:00:00Z The tuna bond case dates back to three deals between state-owned Mozambican companies and shipbuilder Privinvest - funded in part by loans and bonds from Credit Suisse and backed by undisclosed Mozambican government guarantees. Credit Suisse, Mozambique reach out-of-court 'tuna bond' settlement 2023-10-01T04:00:00Z The number of Credit Suisse employees fell to 33,968 at the end of June, down from 38,908 at the end of 2022, the bank said in its financial report published on Friday. Credit Suisse sheds nearly 13% of workforce this year 2023-09-29T04:00:00Z Credit Suisse also upped its provisions to cover potential losses from litigation to 1.48 billion Swiss francs. Credit Suisse sees Q3 loss of $1.6 bln from reclassifying loans 2023-09-29T04:00:00Z Credit Suisse suffered an exodus of client funds that brought it to the brink of collapse and led to the first ever merger of two globally systemically important banks. UBS pays bumper rates on deposits to repair Credit Suisse outflows -sources 2023-10-04T04:00:00Z In 2021, Credit Suisse agreed to pay about $475 million to British and U.S. authorities to resolve bribery and fraud charges and has pledged to forgive $200 million of debt owed by Mozambique. Credit Suisse, Mozambique secure out-of-court 'tuna bond' settlement 2023-10-01T04:00:00Z Following the takeover, UBS has decided which Credit Suisse assets it will retain and which will be placed in a non-core and legacy division to be wound down over time. Credit Suisse expects Q3 loss of $1.6bn from reclassifying loans 2023-09-29T04:00:00Z The figures relate to Credit Suisse AG, the lender's core banking business. Credit Suisse sheds nearly 13% of workforce this year 2023-09-29T04:00:00Z The Bloomberg report said a full-scale investigation by the Department of Justice focusing mainly on Credit Suisse and potential sanctions violations was now underway. UBS, Credit Suisse face wider US probe over Russia sanctions -Bloomberg News 2023-09-27T04:00:00Z The analyst said higher deposit rates were potentially being used to limit outflows at Credit Suisse and had been weighing on the bank's ability to bolster revenue. UBS pays bumper rates on deposits to repair Credit Suisse outflows -sources 2023-10-04T04:00:00Z The bank, which took over Credit Suisse in a hastily-arranged match in March, is involved in a host of other disputes and regulatory proceedings. French top court to rule mid-November on UBS' tax evasion appeal 2023-09-27T04:00:00Z In the months since taking over its former rival, UBS also scrapped plans for Credit Suisse to set up a locally incorporated bank in China. UBS and China's ICBC to explore banking, wealth management ties 2023-09-26T04:00:00Z Some of the jobs lost could be people who left as part of Credit Suisse's own cost cutting plans before the takeover or who jumped ship as confidence in the lender collapsed. Credit Suisse sheds nearly 13% of workforce this year 2023-09-29T04:00:00Z "Credit Suisse has conducted a review of these issues, the UK and French aspects of which have been closed, and is continuing to cooperate with the authorities," the bank said in its report. UBS, Credit Suisse face wider US probe over Russia sanctions -Bloomberg News 2023-09-27T04:00:00Z Credit Suisse reported net asset outflows of 39 billion francs in the second quarter. UBS pays bumper rates on deposits to repair Credit Suisse outflows -sources 2023-10-04T04:00:00Z UBS' takeover of Credit Suisse, the biggest bank merger since the 2008 global financial crisis, was hastily arranged in March this year by Swiss authorities to avert Credit Suisse's collapse. UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources 2023-09-21T04:00:00Z UBS's Vice-Chairman said on Tuesday it was possible that Credit Suisse could generate further losses in the second half of the year but voiced confidence its takeover would benefit his bank in the longer run. Building begins on facility linking Canada hydropower to NYC 2023-09-19T04:00:00Z A Credit Suisse spokesperson declined to comment on the breakdown between voluntary departures and job cuts, or how many jobs could be lost in future. Credit Suisse sheds nearly 13% of workforce this year 2023-09-29T04:00:00Z UBS's Vice-Chairman said on Tuesday it was possible that Credit Suisse could generate further losses in the second half of the year but voiced confidence its takeover would benefit his bank in the longer run. Ecuador nature reserve will take years to recover after oil exit-minister 2023-09-19T04:00:00Z However, UBS said the outflows had slowed down and reversed in June, with Credit Suisse reporting net deposit inflows of $18 billion in the second quarter. UBS pays bumper rates on deposits to repair Credit Suisse outflows -sources 2023-10-04T04:00:00Z As part of the integration process, UBS decided to absorb Credit Suisse's Securities Research service this month, wrapping the business into its own research operations, Reuters reported on Sept. 5. UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources 2023-09-21T04:00:00Z Before the rocks fell, the Tour de Suisse bike race had to change its planned path to avoid the dangerous area. Huge Rockslide Barely Misses Swiss Village 2023-06-22T04:00:00Z U.S. authorities are seeking evidence from Credit Suisse to assess whether the bank misled investors about its financial health as it teetered towards a state-backed rescue by UBS six months ago. FACTBOX U.S. retailers unveil hiring plans ahead of holiday shopping season 2023-09-19T04:00:00Z Credit Suisse "has received requests for documents and information" from agencies including the U.S. US authorities scrutinize if Credit Suisse mislead investors before rescue -filing 2023-09-19T04:00:00Z Last month, a Moscow court banned UBS and Credit Suisse from disposing of shares in their Russian subsidiaries, Reuters reported, citing court documents. UBS names South Korea, India, others as 'slow' on Credit Suisse approval 2023-09-19T04:00:00Z Credit Suisse did not respond to a Reuters request for comments. UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources 2023-09-21T04:00:00Z UBS's takeover of Credit Suisse, the biggest bank merger since the global financial crisis, was hastily arranged in March by Swiss authorities to avert Credit Suisse's collapse. UBS CEO: "Momentum is pretty positive" 2023-09-19T04:00:00Z Credit Suisse, which was Switzerland's second-biggest bank, suffered years of scandals and losses before it had to be rescued in March this year in a state-engineered takeover by former rival UBS. UBS names South Korea, India, others as 'slow' to nod Credit Suisse deal - document 2023-09-19T04:00:00Z Credit Suisse and a SEC spokesperson declined to comment while UBS and the Justice Department did not respond to requests for comment. US authorities scrutinize if Credit Suisse mislead investors before rescue -filing 2023-09-19T04:00:00Z The first-ever merger of two global systemically important banks has created both opportunities and risks for UBS, which has been working on integrating Credit Suisse's businesses. UBS names South Korea, India, others as 'slow' on Credit Suisse approval 2023-09-19T04:00:00Z As a result of the staff layoffs, Credit Suisse on Monday terminated the Asia Pacific equities strategy coverage, according to a client note sent by the bank and reviewed by Reuters. UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources 2023-09-21T04:00:00Z The biggest bank merger since the global financial crisis was hastily arranged in March by the Swiss government to avert Credit Suisse's collapse. UBS CEO committed to staying at the helm through 2026 2023-09-14T04:00:00Z Wells Fargo hired former Credit Suisse banker Jill Ford as its head of equity capital markets, the bank said in a statement. Mastercard denies report of plans to raise credit card fees 2023-09-05T04:00:00Z Credit Suisse and Lehmann did not comment on the matter at the time. US authorities scrutinize if Credit Suisse mislead investors before rescue -filing 2023-09-19T04:00:00Z UBS completed its emergency takeover of Credit Suisse in June, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet. UBS CEO insists bank not too big after Credit Suisse takeover 2023-09-05T04:00:00Z Both of them will bring some junior researchers from Credit Suisse, the sources added. UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources 2023-09-21T04:00:00Z Ford was most recently co‑head of equity capital markets for the Americas at Credit Suisse. Wells Fargo hires Ford from Credit Suisse as head of equity capital markets 2023-09-05T04:00:00Z Last week Credit Suisse said it will reduce the volume of new markets business from Sept. 22 as UBS moves to wind down trading in global securities at its former rival. UBS to absorb Credit Suisse's Securities Research offering 2023-09-05T04:00:00Z "The downturn among the big banks was especially large and probably driven mainly by shifts in customer funds at Credit Suisse," the report said. Credit Suisse collapse led balance sheet of Swiss banks to contract 2023-09-05T04:00:00Z Credit Suisse failed after rattled investors withdrew billions after a series of losses and missteps, triggering a liquidity crisis. UBS CEO insists bank not too big after Credit Suisse takeover 2023-09-05T04:00:00Z UBS' takeover of Credit Suisse marks the first-ever merger of two global systematically important banks after the latter suffered years of scandals and losses before its rescue in March. UBS cuts nearly 70% Credit Suisse researchers in Hong Kong-sources 2023-09-21T04:00:00Z At least 10 analysts raised their target prices for Dell's shares after the report with several including Credit Suisse and Evercore ISI citing its position to benefit from AI. Dell shares hit record high after report, forecasts impress with AI in mix 2023-09-01T04:00:00Z "Credit Suisse will commence the process of terminating coverage on September 18, 2023," Credit Suisse's Research clients were told. UBS to absorb Credit Suisse's Securities Research offering 2023-09-05T04:00:00Z Credit Suisse's high liquidity requirements were also seen as playing a part in sight deposits held overnight at the Swiss National Bank falling more sharply in 2022 than in the previous ten years. Credit Suisse collapse led balance sheet of Swiss banks to contract 2023-09-05T04:00:00Z "I don't think it will be a problem to integrate Credit Suisse," he said. UBS CEO insists bank not too big after Credit Suisse takeover 2023-09-05T04:00:00Z The Credit Suisse takeover – the first rescue of a global bank since the financial crisis of 2008 – grants enormous clout to UBS, ridding it of its main rival. In wake of Credit Suisse, Switzerland told to better prepare for bank failure 2023-09-01T04:00:00Z UBS embarked on a more than $10 billion cost cutting plan on Thursday, saying it will axe 3,000 jobs in Switzerland alone after swallowing up its stricken rival Credit Suisse. UAW files unfair labor practice against GM, Stellantis 2023-09-01T04:00:00Z UBS embarked on a more than $10 billion cost cutting plan on Thursday, saying it will axe 3,000 jobs in Switzerland alone after swallowing up its stricken rival Credit Suisse. Ford makes UAW a contract offer 2023-08-31T04:00:00Z "There was a certain amount of rotation into time deposits, but a large share of the decrease was caused by shifts in customer funds at Credit Suisse in October 2022," the report said. Credit Suisse collapse led balance sheet of Swiss banks to contract 2023-09-05T04:00:00Z The executive, who returned to UBS in April to steer the Credit Suisse takeover, was also critical of Credit Suisse. UBS CEO insists bank not too big after Credit Suisse takeover 2023-09-05T04:00:00Z The collapse of Credit Suisse has prompted an international debate about reforms introduced after the last financial crash to prevent banks becoming too outsized to wind down - a drive that has since faltered. In wake of Credit Suisse, Switzerland told to better prepare for bank failure 2023-09-01T04:00:00Z When UBS agreed to buy its archrival Credit Suisse for a little over $3 billion this spring at the Swiss government’s behest, analysts and investors said that price represented a steep discount. UBS Reports Record-Breaking $29 Billion Profit 2023-08-31T04:00:00Z Globally, 8,000 Credit Suisse have already left over the first half of the year. UBS begins $10 billion cuts, axing 3,000 jobs after Credit Suisse deal 2023-08-31T04:00:00Z The Banking Barometer acknowledges that Credit Suisse's collapse and subsequent takeover by UBS have raised questions over the potential damage to the Swiss banking industry’s reputation. Credit Suisse collapse led balance sheet of Swiss banks to contract 2023-09-05T04:00:00Z Still, he was optimistic that Credit Suisse could be integrated successfully into UBS. UBS CEO insists bank not too big after Credit Suisse takeover 2023-09-05T04:00:00Z Although Switzerland imposed losses on shareholders and some bond investors - one pillar of those crisis reforms - they balked at the prospect of winding up Credit Suisse, opting to sell to UBS instead. In wake of Credit Suisse, Switzerland told to better prepare for bank failure 2023-09-01T04:00:00Z When UBS agreed to buy its archrival, Credit Suisse, for a little over $3 billion this spring at the Swiss government’s behest, analysts and investors said that price represented a steep discount. UBS Gets a $29 Billion Bump From M.&A. Accounting 2023-08-31T04:00:00Z The decision to absorb Credit Suisse's local operation is, however, contested in Switzerland. UBS begins $10 billion cuts, axing 3,000 jobs after Credit Suisse deal 2023-08-31T04:00:00Z Those results also showed the difficulties UBS has had in persuading Credit Suisses's wealthy customers to stay. After Credit Suisse takeover, UBS begins cost drive by axing 3,000 Swiss jobs 2023-08-31T04:00:00Z Thousands of jobs will be cut as UBS absorbs Credit Suisse, in a takeover that is reshaping Swiss banking. UBS to cut 3,000 jobs after Credit Suisse takeover 2023-08-31T04:00:00Z "Swiss policymakers failed to adequately supervise Credit Suisse throughout the past decade leading to its demise," said Beat Wittmann, chairman of Porta Advisors, a Swiss boutique advisory firm. In wake of Credit Suisse, Switzerland told to better prepare for bank failure 2023-09-01T04:00:00Z UBS also announced it would be keeping Credit Suisse's domestic bank - and the ensuing job losses are expected to result in a backlash in Switzerland. UBS to cut 3000 Swiss jobs as it slashes costs by $10 bln 2023-08-31T04:00:00Z With Credit Suisse in Switzerland intact and independent, as some politicians had hoped, fewer jobs would have been threatened. UBS begins $10 billion cuts, axing 3,000 jobs after Credit Suisse deal 2023-08-31T04:00:00Z But underlying profit before taxes came in at $1.1 billion, which excludes some $29 billion in negative goodwill, integration costs and other impacts of the Credit Suisse takeover. UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees $10B in cost cuts 2023-08-30T04:00:00Z Credit Suisse had faced a litany of problems and banking failures in the US dealt a final blow to confidence, forcing it to seek a buyer. UBS to cut 3,000 jobs after Credit Suisse takeover 2023-08-31T04:00:00Z The bumper profit is due to a huge one-off gain that reflects the acquisition costs being far below Credit Suisse's value. Factbox: Key figures for UBS, including Credit Suisse 2023-08-31T04:00:00Z The long-awaited announcement about Credit Suisse's home bank was made in tandem with UBS's first earnings report since taking over its stricken rival. UBS to absorb Credit Suisse's domestic bank, seeks $10 bln in cost cuts 2023-08-31T04:00:00Z The results also showed the difficulties UBS has had in persuading Credit Suisse's wealthy customers to stay. UBS begins $10 billion cuts, axing 3,000 jobs after Credit Suisse deal 2023-08-31T04:00:00Z UBS appeared to make no mention of one of the major outstanding questions: how many of Credit Suisse’s 50,000 employees would be kept on. UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees $10B in cost cuts 2023-08-30T04:00:00Z UBS has announced it plans to fully absorb Credit Suisse's domestic bank operation, which made a profit last year, rather than spinning it off as a separate entity. UBS to cut 3,000 jobs after Credit Suisse takeover 2023-08-31T04:00:00Z Credit Suisse reported a net loss of 9.3 billion Swiss francs. Factbox: Key figures for UBS, including Credit Suisse 2023-08-31T04:00:00Z A standalone report on Credit Suisse AG results will also be released, spotlighting the level of damage inflicted to the bank's wealth management arm and its standing with customers following the rescue. Morning Bid: Markets brace for EU, US inflation data blitz 2023-08-31T04:00:00Z The bumper profit results from a huge one-off gain that reflects how the acquisition costs were far below Credit Suisse's value. UBS begins $10 billion cuts, axing 3,000 jobs after Credit Suisse deal 2023-08-31T04:00:00Z But it did say that it planned to “substantially complete” the integration of Credit Suisse’s operations by the end of 2026, and “achieve gross cost reductions of over $10 billion over that time.” UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees $10B in cost cuts 2023-08-30T04:00:00Z Hanging on to existing Credit Suisse clients is seen as key if UBS is to successfully pull off the Herculean deal. UBS to absorb Credit Suisse's domestic bank, eyes $10 bln in cost savings 2023-08-31T04:00:00Z The bumper profit is due to a huge one-off gain that reflects how the acquisition costs were far below Credit Suisse's value. UBS to absorb Credit Suisse's domestic bank, eyes $10 bln in cost savings 2023-08-31T04:00:00Z Increases in positions, or maturity extensions, will now not be possible for clients at Credit Suisse, which trades a wide variety of assets from stocks to currencies. UBS winds down Credit Suisse Global Markets business - client letter 2023-08-30T04:00:00Z Credit Suisse launched a lawsuit against the blog, widely read in Swiss finance circles, in December over user comments left under posts. UBS, Swiss finance blog settle Credit Suisse legacy lawsuit 2023-08-29T04:00:00Z CEO Sergio Ermotti, in a statement, said it would roll in Credit Suisse’s domestic operations, in the midst of speculation they might be spun off or otherwise divested. UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees $10B in cost cuts 2023-08-30T04:00:00Z On one hand, analysts note that UBS acquired Credit Suisse for a song - just 3 billion Swiss francs - while gaining a large asset base, good client relationships and talented employees. UBS to absorb Credit Suisse's domestic bank, eyes $10 bln in cost savings 2023-08-31T04:00:00Z Hanging on to existing Credit Suisse clients is seen as key if UBS is to successfully pull off the Herculean deal. UBS to absorb Credit Suisse's domestic bank, eyes $10 bln in cost savings 2023-08-31T04:00:00Z Credit Suisse has already flagged that it expects to post a hefty loss for 2023. Explainer: After Credit Suisse takeover, UBS gives first glimpse of new group 2023-08-29T04:00:00Z It is the second Credit Suisse case that UBS has resolved since taking over its former rival and inheriting its legal battles. UBS, Swiss finance blog settle Credit Suisse legacy lawsuit 2023-08-29T04:00:00Z Switzerland's Competition Commission is looking into UBS's takeover of Credit Suisse, the authority said on Monday. Hedge fund exposure to 7 biggest tech stocks at record high, Goldman Sachs says 2023-08-28T04:00:00Z The bumper profit is due to a huge one-off gain that reflects how the acquisition costs were far below Credit Suisse's value. UBS to absorb Credit Suisse's domestic bank, eyes $10 bln in cost savings 2023-08-31T04:00:00Z On one hand, analysts note that UBS acquired Credit Suisse for a song - just 3 billion Swiss francs - while gaining a large asset base, good client relationships and talented employees. UBS to absorb Credit Suisse's domestic bank, eyes $10 bln in cost savings 2023-08-31T04:00:00Z Rich clients often kept accounts at both UBS and Credit Suisse, so as not to place all their eggs in one basket. Explainer: After Credit Suisse takeover, UBS gives first glimpse of new group 2023-08-29T04:00:00Z Switzerland's Competition Commission is looking into UBS's takeover of Credit Suisse, the authority said on Monday. LA media company settles first SEC enforcement case over NFTs 2023-08-28T04:00:00Z In March, the Swiss government, central bank and financial regulator rushed through a rescue deal for Credit Suisse, resulting in the country's two largest banks merging. Swiss Competition Commission examining UBS takeover of Credit Suisse 2023-08-28T04:00:00Z In March, authorities including the Swiss government and central bank rushed through a rescue deal for Credit Suisse, resulting in the country's two largest banks merging. Swiss Competition Commission examining UBS takeover of Credit Suisse - media 2023-08-28T04:00:00Z Credit Suisse had already forecast a significant pre-tax loss for the second quarter and full year 2023 in April, given its move to exit from non-core businesses and due to restructuring and financing costs. Credit Suisse posted $4 billion loss in 2Q, Sonntagszeitung reports 2023-08-27T04:00:00Z In previous quarters, UBS had reported significant inflows, as it benefited from Credit Suisse clients looking for safer alternatives. Explainer: After Credit Suisse takeover, UBS gives first glimpse of new group 2023-08-29T04:00:00Z In June last year, a Swiss court fined Credit Suisse over $2 million for failing to prevent money laundering linked to a Bulgarian criminal organization more than a decade ago. Regulator’s review of over 30 Swiss banks finds shortcomings in money-laundering controls 2023-08-24T04:00:00Z Additionally, Credit Suisse has highlighted difficult-to-quantify downside risks from some external shocks such as those around China's real estate sector. U.S. stocks may start to question economic resilience, says Morgan Stanley 2023-08-21T04:00:00Z A spokesperson for Credit Suisse referred Reuters to its April statement defending its review and raising concerns over the ombudsman’s work. US Senators say Credit Suisse did not review all records when probing Nazi-linked accounts 2023-08-17T04:00:00Z Analysts at investment bank Credit Suisse have estimated the IRA could lead to the generation of tax credits worth $576 billion by 2031. US investor group clinches tax credit deal for $1.5 bln renewable power acquisition 2023-08-16T04:00:00Z Many bank watchers are waiting to see what UBS does with Credit Suisse's "crown jewel" - its Swiss arm. Explainer: After Credit Suisse takeover, UBS gives first glimpse of new group 2023-08-29T04:00:00Z An array of troubles at Credit Suisse, long Switzerland’s No. 2 bank, threatened to shake global financial markets earlier this year and led to its takeover by rival UBS two months ago. Regulator’s review of over 30 Swiss banks finds shortcomings in money-laundering controls 2023-08-24T04:00:00Z That has upended financial projections, with some analysts at Goldman Sachs, Credit Suisse and University of Pennsylvania’s Wharton Business School predicting budget deficits in the range of $700 billion to $1.1 trillion over 10 years. One year on, Biden still needs to explain his signature clean energy legislation 2023-08-16T04:00:00Z The lawmakers have been pushing for Credit Suisse to continue its work to track down the value of assets of certain accounts held by Nazis at the bank in the post-1945 period. US Senators say Credit Suisse did not review all records when probing Nazi-linked accounts 2023-08-17T04:00:00Z The Russian bank joined an agreement to provide a syndicated loan to Luxembourg-based agricultural firm Intergrain, for which Credit Suisse was the credit agent, the document showed. Russian court bans UBS, Credit Suisse from subsidiary disposals 2023-08-15T04:00:00Z A full integration of Credit Suisse's domestic arm could affect up to 10,000 jobs in Switzerland alone. Explainer: After Credit Suisse takeover, UBS gives first glimpse of new group 2023-08-29T04:00:00Z Credit Suisse analyst Saul Kavonic said last week the risk of strikes stopping production across the LNG plants for more than a week was exceptionally low. Outcome of Chevron, Woodside, Australian unions talks may take days 2023-08-15T04:00:00Z The Swiss government hastily arranged the takeover in March of Credit Suisse, which had been facing years of turmoil and an exodus of shareholders, by longtime rival UBS to help avert a global financial crisis. UBS to pay $1.44 billion to settle 2007 financial crisis-era mortgage fraud case, last of such cases 2023-08-14T04:00:00Z Retail investors who lost money when Credit Suisse was taken over by UBS in March plan to file a lawsuit challenging the buyout, the Financial Times reported on Sunday. Yellen warns of risks of over-concentration of clean energy supply chains 2023-08-14T04:00:00Z Credit Suisse and UBS, which bought its smaller rival in June, declined to comment. Russian court bans UBS, Credit Suisse from subsidiary disposals 2023-08-15T04:00:00Z Thursday's results should show how much Credit Suisse's headcount, which was 48,000 at the end of March, has already shrunk. Explainer: After Credit Suisse takeover, UBS gives first glimpse of new group 2023-08-29T04:00:00Z The Swiss Investor Protection Association plans to file the claim in Zurich's commercial court on Monday on behalf of about 500 Credit Suisse equity investors, the newspaper said. Credit Suisse retail investors plan lawsuit challenging UBS buyout- FT 2023-08-13T04:00:00Z The Swiss bank ended a taxpayer-funded support package that paved the way for taking over its troubled rival Credit Suisse. IonQ, Spectrum Brands rise; Maxeon Solar, Cano Health fall, Friday, 8/11/2023 2023-08-11T04:00:00Z Swiss authorities and UBS announced the hastily arranged merger in March to prevent the collapse of Credit Suisse. UBS ends rescue packages from Swiss gov’t that paved way for Credit Suisse takeover 2023-08-11T04:00:00Z The court documents showed that Zenit Bank had filed for interim measures, asking the court to seize funds belonging to UBS and Credit Suisse, and prohibiting the disposal of shares. Russian court bans UBS, Credit Suisse from subsidiary disposals 2023-08-15T04:00:00Z The huge figure largely reflects a one-off boost to the bottom line from UBS buying Credit Suisse for a fraction of its value. Explainer: After Credit Suisse takeover, UBS gives first glimpse of new group 2023-08-29T04:00:00Z Switzerland's authorities introduced a host of emergency financial guarantees as part of UBS's takeover of collapsed Credit Suisse. UBS won't need govt loss protection deal in Credit Suisse takeover 2023-08-11T04:00:00Z “It’s amazing how all these carriers have actually been very disciplined about holding the line on pricing,” said Ari Rosa, an analyst at Credit Suisse who covers trucking companies. A Trucking Giant Is Bankrupt, and Finger-Pointing Begins 2023-08-07T04:00:00Z The Swiss National Bank, in its own statement on Friday, said its total liquidity assistance for UBS and Credit Suisse reached 168 billion. UBS ends rescue packages from Swiss gov’t that paved way for Credit Suisse takeover 2023-08-11T04:00:00Z UBS is hiring top bankers from competitors as well as promoting staff from within its ranks and Credit Suisse as part of the shake-up, which will also lead to hundreds leaving. UBS shuffles bank bosses in bid to better compete with Wall Street 2023-08-07T04:00:00Z UBS is expected to release further details on a collection of unwanted Credit Suisse assets, known as the non-core unit, that includes loans, legacy assets and structured products. Explainer: After Credit Suisse takeover, UBS gives first glimpse of new group 2023-08-29T04:00:00Z Credit Suisse and UBS also borrowed 168 billion Swiss francs from the Swiss National Bank in various emergency liquidity schemes to ease the takeover. UBS won't need govt loss protection deal in Credit Suisse takeover 2023-08-11T04:00:00Z Hong Kong makes up Credit Suisse's biggest share of investment bankers in Asia. Exclusive: Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week 2023-08-07T04:00:00Z The changes are aimed at producing unified teams following the completion of UBS's emergency takeover in June of Credit Suisse. Exclusive: UBS nears major investment bank restructuring -sources 2023-08-04T04:00:00Z Hundreds of Credit Suisse bankers have already left to other institutions and UBS has been laying off employees from Credit Suisse's investment bank around the globe. UBS shuffles bank bosses in bid to better compete with Wall Street 2023-08-07T04:00:00Z UBS's results will include a separate disclosure for Credit Suisse, granting a more detailed overview of its problems, which UBS has now taken on. Explainer: After Credit Suisse takeover, UBS gives first glimpse of new group 2023-08-29T04:00:00Z Some Credit Suisse technology bankers may lose their jobs as part of the shake-up, while others may be retained or also be promoted, the sources said. Exclusive: UBS plans TMT dealmaking team shake-up -sources 2023-08-04T04:00:00Z Since the deal was announced, UBS has made clear it will reduce risk in Credit Suisse's investment banking operation. Exclusive: Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week 2023-08-07T04:00:00Z Under the shake-up some Credit Suisse bankers will take on bigger roles in the combined company while some others leave, the sources said. Exclusive: UBS nears major investment bank restructuring -sources 2023-08-04T04:00:00Z The valuation, equivalent to about 6 times New Relic's projected 12-month revenue, is in line with some peers in this space but lower than others, according to RBC Capital, Credit Suisse and Baird analysts. Focus: How two private equity firms negotiated New Relic deal down to $6.5 bln 2023-08-03T04:00:00Z UBS Group is laying off employees from Credit Suisse's investment bank this week in New York, a source familiar with the situation said. U.S. housing availability rate slips in second quarter 2023-08-02T04:00:00Z Reuters reported on Wednesday that Credit Suisse had initiated broad layoffs in New York. Exclusive: UBS plans TMT dealmaking team shake-up -sources 2023-08-04T04:00:00Z As part of that, UBS laid off employees from Credit Suisse's investment bank in New York last week, Reuters reported, citing a source familiar with the situation. Exclusive: Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week 2023-08-07T04:00:00Z Jon Levin, who has served as Credit Suisse's head of retail investment banking, is in talks to replace him, the sources added. Exclusive: UBS nears major investment bank restructuring -sources 2023-08-04T04:00:00Z Since the announcement of the deal, UBS has made clear it will reduce the risk of Credit Suisse's investment bank. UBS lays off Credit Suisse investment bank staff, closes Houston office -source 2023-08-02T04:00:00Z "Was Credit Suisse the whale? Was SVB the whale? We'll only know afterwards. But the whale could be commercial real estate in the U.S." Analysis: Commercial real estate investors, banks buckle up for perfect property storm 2023-07-30T04:00:00Z UBS has also decided to shut down Credit Suisse's Houston office. Exclusive: UBS plans TMT dealmaking team shake-up -sources 2023-08-04T04:00:00Z UBS has also decided to close Credit Suisse's office in Houston, the source said. Exclusive: Credit Suisse Hong Kong investing banking job cuts, targeting 80%, start this week 2023-08-07T04:00:00Z The financial turmoil then hit Credit Suisse, a globally significant bank that had long-running problems, leading the Swiss government to engineer an emergency takeover by rival UBS to prevent further banking chaos. Europe’s banks could survive a drastic economic downturn, stress test shows 2023-07-28T04:00:00Z On top of the layoffs in New York, UBS has decided to close Credit Suisse's office in Houston, the person added, asking for anonymity to speak freely on the matter. UBS lays off Credit Suisse investment bank staff, closes Houston office -source 2023-08-02T04:00:00Z UBS bought Credit Suisse last month, under pressure from Swiss regulators. Bill Hwang seeks to subpoena 10 banks, shift blame for Archegos collapse 2023-07-27T04:00:00Z UBS completed its emergency takeover of embattled rival Credit Suisse in June, forging a Swiss banking and wealth management group with a $1.6 trillion balance sheet and overseeing more than $5 trillion in assets. Exclusive: UBS plans TMT dealmaking team shake-up -sources 2023-08-04T04:00:00Z As part of its efforts to grow the unit, the Spanish bank is taking the chance to hire many bankers from stricken Credit Suisse. Exclusive: Santander plans to hire about 150 bankers to grow investment banking, sources say 2023-07-26T04:00:00Z Swiss and U.K. banking authorities for the management failures of Credit Suisse, which UBS bought in June. UBS fined nearly $400 million related to Credit Suisse’s relationship with failed fund Archegos 2023-07-24T04:00:00Z Much of that borrowed money came from Credit Suisse, and the bank was unable to collect on it when Archegos collapsed. UBS Is Fined Nearly $400 Million in Credit Suisse’s Archegos Mess 2023-07-24T04:00:00Z Other banks also lost money when Archegos collapsed, but less than Credit Suisse. Bill Hwang seeks to subpoena 10 banks, shift blame for Archegos collapse 2023-07-27T04:00:00Z The settlement is the first of several that UBS could have to pay after it last month closed its takeover of Credit Suisse, inheriting the collapsed bank's legal battles. UBS agrees to pay $388 million over Credit Suisse's Archegos failings 2023-07-24T04:00:00Z The Fed said Credit Suisse, which UBS acquired in June, repeatedly failed to address risk management shortcomings in its dealings with the firm, and lost $5.5 billion when it collapsed in 2021. Fed fines UBS $268.5 mln for Credit Suisse missteps with Archegos 2023-07-24T04:00:00Z Swiss and U.K. banking authorities for the management failures of Credit Suisse, which UBS bought in June, related to how Credit Suisse handled its relationship with collapsed hedge fund Archegos Capital Management. UBS fined nearly $400 million related to Credit Suisse’s relationship with failed fund Archegos 2023-07-24T04:00:00Z Other banks also lost money in the Archegos failure, but Credit Suisse was by far the biggest loser. UBS Is Fined Nearly $400 Million in Credit Suisse’s Archegos Mess 2023-07-24T04:00:00Z “It means so much with the period I had this year since I crashed at Tour de Suisse,” Asgreen said. Vingegaard protects big Tour de France lead as Asgreen holds on to win 18th stage 2023-07-20T04:00:00Z Under the agreement, UBS said Credit Suisse, now a subsidiary of the bank, has agreed to pay the U.S. UBS agrees to pay $388 million over Credit Suisse's Archegos failings 2023-07-24T04:00:00Z "Our base case is that a recession will be averted, inflation will remain sticky near current levels, and monetary policy will tighten incrementally," Golub and other Credit Suisse strategists wrote. Credit Suisse ups S&P 500 year-end forecast to 4,700 2023-07-18T04:00:00Z Archegos failed in 2021, costing Wall Street banks billions of dollars in losses, and Credit Suisse took the brunt of the losses. UBS fined nearly $400 million related to Credit Suisse’s relationship with failed fund Archegos 2023-07-24T04:00:00Z UBS will pay $387 million in fines to clean up lingering messes at Credit Suisse, the wounded Swiss banking rival it acquired earlier this year. UBS Is Fined Nearly $400 Million in Credit Suisse’s Archegos Mess 2023-07-24T04:00:00Z Hundreds of claims have also been filed by holders of Credit Suisse's Additional Tier 1 bonds - which were all written down to zero - compensation. Swiss investor group lawsuit to seek compensation over UBS-Credit Suisse deal 2023-07-17T04:00:00Z UBS said in May, just before completing the deal, that it was setting aside $4 billion for potential lawsuits connected to its Credit Suisse takeover. UBS agrees to pay $388 million over Credit Suisse's Archegos failings 2023-07-24T04:00:00Z Another manager said the biggest risk for UBS is that many of Credit Suisse's best client advisers in the millionaire and billionaire business will leave. Takeover benefits: UBS investors warm to Credit Suisse deal 2023-07-17T04:00:00Z The Swiss bank took more than $5 billion in losses from Archegos’ failure, which over a period of two years, ultimately led to the fire sale of Credit Suisse to UBS in June. UBS fined nearly $400 million related to Credit Suisse’s relationship with failed fund Archegos 2023-07-24T04:00:00Z That UBS is now left with the bill is a reminder of the risk it took when it agreed, under pressure from Swiss authorities, to rescue Credit Suisse for $3.2 billion. UBS Is Fined Nearly $400 Million in Credit Suisse’s Archegos Mess 2023-07-24T04:00:00Z A group of Credit Suisse AT1 bondholders has also a class action suit accusing former executives at the Swiss bank, including three past CEOs, of being responsible for the bank's downfall. Swiss investor group lawsuit to seek compensation over UBS-Credit Suisse deal 2023-07-17T04:00:00Z The regulator said it has also opened enforcement proceedings against an unnamed former Credit Suisse banker linked to the affair. UBS agrees to pay $388 million over Credit Suisse's Archegos failings 2023-07-24T04:00:00Z Still, one big unanswered question remains is the fate of Credit Suisse's Swiss business. Takeover benefits: UBS investors warm to Credit Suisse deal 2023-07-17T04:00:00Z Credit Suisse management was found to give Archegos special treatment through its prime brokerage division, which caused the bank to take on undue risk when Archegos purchased a highly concentrated position in ViacomCBS. UBS fined nearly $400 million related to Credit Suisse’s relationship with failed fund Archegos 2023-07-24T04:00:00Z Regulators also ordered UBS to “to address additional longstanding deficiencies in other risk management programs at Credit Suisse’s U.S. operations.” UBS Is Fined Nearly $400 Million in Credit Suisse’s Archegos Mess 2023-07-24T04:00:00Z Netflix's international production capabilities are a "huge differentiator", and a lot of their content comes from countries that are not involved in the strike, analysts at SVB MoffettNathanson, Credit Suisse and Insider Intelligence said. Netflix shielded from Hollywood strike by global crew, strong pipeline 2023-07-17T04:00:00Z UBS on Monday said it would tighten up operational and risk management discipline at Credit Suisse after it completed its takeover of its smaller rival. UBS agrees to pay $388 million over Credit Suisse's Archegos failings 2023-07-24T04:00:00Z Investors also welcomed such a move for the business, Credit Suisse's best performer last year when it posted a pretax profit of 1.4 billion francs. Takeover benefits: UBS investors warm to Credit Suisse deal 2023-07-17T04:00:00Z Credit Suisse failed to “adequately manage the risk posed by Archegos despite repeated warnings,” the Federal Reserve said in a statement on Monday. UBS fined nearly $400 million related to Credit Suisse’s relationship with failed fund Archegos 2023-07-24T04:00:00Z This means that Credit Suisse will no longer be the reference entity for its outstanding CDS, which are a type of insurance against holding risky debt. CDS panel rules UBS is sole successor to Credit Suisse after merger 2023-07-17T04:00:00Z UBS Group has decided to retain EY as its external auditor, enlarging its role to include Credit Suisse's accounts from 2024, the Financial Times reported on Sunday, citing people with knowledge of the decision. Swiss watchmaker Swatch sues Malaysia for seizure of Pride watches 2023-07-17T04:00:00Z The bank also said it intended to resolve Credit Suisse's remaining litigation in "the best interest of its stakeholders, including investors, clients and employees." UBS agrees to pay $388 million over Credit Suisse's Archegos failings 2023-07-24T04:00:00Z Rivals have poached entire teams from Credit Suisse, he said, and some clients are likely to follow them. Takeover benefits: UBS investors warm to Credit Suisse deal 2023-07-17T04:00:00Z A parliamentary investigation into the collapse of Credit Suisse will keep its files closed for 50 years, according to a parliamentary committee document, a level of secrecy that has triggered concern among Swiss historians. Fashion retailer H&M to launch in Brazil 2023-07-17T04:00:00Z Investors' hopes for a payout on Credit Suisse's CDS had been dashed twice by the committee, which said that neither a so-called government intervention credit event nor a bankruptcy credit event had occurred. CDS panel rules UBS is sole successor to Credit Suisse after merger 2023-07-17T04:00:00Z It was the second stage win for Bahrain-Victorious, which has been mourning the loss of Gino Mäder, who died last month from injuries suffered in a crash at the Tour de Suisse. Vingegaard keeps yellow jersey at Tour de France as Poels soloes to victory in 15th stage 2023-07-16T04:00:00Z The British fine is the highest levied by the Prudential Regulation Authority, part of the BoE, to date, and comes after it found Credit Suisse had breached four of its "fundamental rules". UBS agrees to pay $388 million over Credit Suisse's Archegos failings 2023-07-24T04:00:00Z In a worst-case scenario, up to half of the assets Credit Suisse oversaw before big withdrawals began last October could eventually leave the bank for other wealth managers. Takeover benefits: UBS investors warm to Credit Suisse deal 2023-07-17T04:00:00Z The investigation will focus on the activities of the Swiss government, financial regulator and central bank in the run up to emergency takeover of Credit Suisse by UBS in March. Credit Suisse inquiry will keep files secret for 50 years - paper 2023-07-15T04:00:00Z The expansion will involve hiring at least 50 bankers - many from stricken Credit Suisse, the sources said. Santander expanding investment bank in US and UK, sources 2023-07-14T04:00:00Z "For markets, the weaker dollar and its underlying driver, weaker inflation, is a balm for everything, especially for assets outside the U.S.," said Alvise Marino, foreign exchange strategist at Credit Suisse. Analysis: Tumbling US dollar a boon to risk assets across the globe 2023-07-14T04:00:00Z He took his first Tour de Suisse stage win, triumphing in a high-speed bunch sprint. The 'African king' leading a revolution 2023-07-13T04:00:00Z The country is suing Credit Suisse and Privinvest in London for compensation and restitution. Ex-Mozambique finance minister arrives in US to face debt scandal charges 2023-07-13T04:00:00Z It could have the power to question the Credit Suisse bankers involved, but they will not be the focus of the inquiry. Credit Suisse inquiry will keep files secret for 50 years - paper 2023-07-15T04:00:00Z The U.S. charges relate to loans obtained from Credit Suisse and Russia's VTB bank that were guaranteed by the Mozambique government and signed off by Chang during his 2005-2015 term as finance minister. Mozambique ex-minister extradited to U.S. for debt scandal trial 2023-07-12T04:00:00Z In 2021, Swiss bank Credit Suisse agreed to pay at least $475 million to British and American authorities to settle bribery and kickback allegations stemming from their involvement with the corrupt loans. Former Mozambique finance minister is extradited to the U.S. to face trial over $2 billion scandal 2023-07-12T04:00:00Z A rare Swiss parliamentary investigation due to start this week aims to establish what went wrong before the dramatic fall of Credit Suisse, once Switzerland's second biggest bank. Ryanair quits industry group advising on UK aviation strategy 2023-07-11T04:00:00Z The 14-member commission will focus on the authorities' actions before and during the emergency takeover of Credit Suisse rather than its management's role. Explainer: Credit Suisse crash investigated by Swiss lawmakers 2023-07-11T04:00:00Z UBS completed the emergency takeover of Credit Suisse last month, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet and overseeing more than $5 trillion in assets. Saudi National Bank was denied taking 40% Credit Suisse stake, Blick reports 2023-07-09T04:00:00Z Former Credit Suisse executive Michael Marr will become the head of Global Wealth Management Australia at UBS, according to a person familiar with the matter. UBS overhauls leadership at wealth management division 2023-07-06T04:00:00Z If successful, all Credit Suisse shareholders would benefit from the new exchange ratio, it said. Credit Suisse investor group joins claim seeking better UBS takeover price 2023-07-04T04:00:00Z A spokesperson for Credit Suisse said the bank noted the judgment and "continues to defend itself". Mozambique "tuna bond" case against Credit Suisse can proceed, UK judge rules 2023-07-03T04:00:00Z It was apparent that Credit Suisse was in difficulties over the last two years after a string of scandals, with customers withdrawing money on a massive scale at the end of 2022. Explainer: Credit Suisse crash investigated by Swiss lawmakers 2023-07-11T04:00:00Z Of those, 30 came after the Credit Suisse deal was announced in March. Focus: UBS goes on hiring spree for wealth managers catering to rich Americans 2023-07-03T04:00:00Z “UBS continued to carefully examine all options for Credit Suisse’s Swiss business,” Khan added in a memo. UBS overhauls leadership at wealth management division 2023-07-06T04:00:00Z Just 48 hours before deal was struck, Credit Suisse was worth 7 billion francs, Ethos said. Credit Suisse investor group joins claim seeking better UBS takeover price 2023-07-04T04:00:00Z Credit Suisse agreed to pay about $475 million to British and U.S. authorities in 2021 to resolve bribery and fraud charges and has pledged to forgive $200 million of debt owed by Mozambique. Mozambique "tuna bond" case against Credit Suisse can proceed, UK judge rules 2023-07-03T04:00:00Z Could the central bank have done more, for example by promising Credit Suisse unlimited liquidity to reassure customers and stem the outflow of funds? Explainer: Credit Suisse crash investigated by Swiss lawmakers 2023-07-11T04:00:00Z Underscoring the importance of the business, Khan met with high-net-worth clients in southern California on June 12, the day UBS closed its historic deal with Credit Suisse. Focus: UBS goes on hiring spree for wealth managers catering to rich Americans 2023-07-03T04:00:00Z Another change unveiled on Thursday sees UBS taking over the Shipping Finance Business of Credit Suisse, which it will merge with its aircraft financing business. UBS overhauls leadership at wealth management division 2023-07-06T04:00:00Z The case is the latest legal battle prompted by the emergency takeover, with holders of Credit Suisse's Additional Tier 1 bonds - which were all written down to zero - also claiming compensation. Credit Suisse investor group joins claim seeking better UBS takeover price 2023-07-04T04:00:00Z UBS and Credit Suisse did not immediately respond to a request for comment. UBS aims to avoid using $10 bln Credit Suisse backstop amid backlash -FT 2023-07-03T04:00:00Z It is unclear whether Credit Suisse and UBS executives are obliged to appear if asked, but they are expected to do so due to intense political and public pressure. Explainer: Credit Suisse crash investigated by Swiss lawmakers 2023-07-11T04:00:00Z Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG , according to a memo seen by Reuters. Italy aims to turn up renewable power to two thirds of total by 2030 2023-06-30T04:00:00Z Switzerland’s biggest bank will return to India, with Puneet Matta, another former Credit Suisse executive, being tapped to leading its wealth management business there. UBS overhauls leadership at wealth management division 2023-07-06T04:00:00Z A group of Credit Suisse AT1 bondholders has also filed a class action suit accusing former executives at the Swiss bank, including three past CEOs, of being responsible for the bank's downfall. Credit Suisse investor group joins claim seeking better UBS takeover price 2023-07-04T04:00:00Z Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG , according to a memo seen by Reuters. Deutsche Bank human resources head Ilgner to leave bank 2023-06-30T04:00:00Z Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG , according to a memo seen by Reuters. Airline stocks set for best month in two years on summer rush, lower fuel prices 2023-06-30T04:00:00Z Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG , according to a memo seen by Reuters. ESPN lays off on-air talent including NBA analyst Van Gundy 2023-06-30T04:00:00Z Several former Credit Suisse managers have got jobs in the changes which affect roughly 180 executives and mainly take effect from July 17. UBS overhauls leadership at wealth management division 2023-07-06T04:00:00Z Ethos has previously raised concerns about how the acquisition of Credit Suisse by UBS was carried out, particularly that the deal was forced through without consulting shareholders. Credit Suisse investor group joins claim seeking better UBS takeover price 2023-07-04T04:00:00Z Credit Suisse Group AG on Thursday appointed an investment banking management committee to oversee its integration with UBS Group AG , according to a memo seen by Reuters. Odey Asset Management pushes to restructure one of its oldest funds- FT 2023-06-30T04:00:00Z Michael Ebert, head of Credit Suisse for the investment bank, will lead markets within the committee. Credit Suisse appoints investment banking management committee -memo 2023-06-29T04:00:00Z UBS completed its emergency takeover of embattled rival Credit Suisse in June, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet and overseeing more than $5 trillion in assets. UBS looks to axe 30% of staff and keep Credit Suisse's domestic business - source 2023-06-28T04:00:00Z UBS Group is looking to cut more than half of Credit Suisse's workforce from next month as a result of the bank's takeover, Bloomberg News reported on Tuesday. Pakistan hopes for bailout decision in day or two as IMF seeks deal 'quickly' 2023-06-27T04:00:00Z Bankers, traders, support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt, with almost all activities at risk, the report said. UBS to cut more than half of Credit Suisse workforce - Bloomberg News 2023-06-27T04:00:00Z UBS's CEO has previously said he expects to be able to give additional clarity over the future of Credit Suisse's domestic business by the end of the summer as well. UBS to announce changes to next management level soon - CEO 2023-06-27T04:00:00Z Once the reality hits, asset prices could reprice, potentially setting off the sort of financial turbulence seen around the collapse of Silicon Valley Bank and the sale of Credit Suisse earlier this year, she warned. Investors overly optimistic on speed, cost of taming inflation, says IMF 2023-06-26T04:00:00Z UBS declined to comment, while Credit Suisse did not immediately respond to a request for comment. UBS looks to axe 30% of staff and keep Credit Suisse's domestic business - source 2023-06-28T04:00:00Z March and April saw a failure of a number of U.S. regional banks including Silicon Valley Bank and then the emergency rescue of Credit Suisse in the BIS's own backyard. BIS warns world economy at critical juncture in inflation fight 2023-06-25T04:00:00Z UBS completed its emergency takeover of embattled rival Credit Suisse in June, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet and a workforce of 120,000. UBS to cut more than half of Credit Suisse workforce - Bloomberg News 2023-06-27T04:00:00Z Credit Suisse appealed the March verdict handed to its Bermuda life insurance subsidiary, CS Life, which is in the process of being wound down. Credit Suisse to appeal Bermuda court ruling against Georgia's former PM 2023-06-23T04:00:00Z Credit Suisse had been one of 30 big international banks singled out for tougher scrutiny because of the potential impact of a failure on the global financial system. Swiss central bank urges review of ‘too big to fail’ bank safeguards after Credit Suisse debacle 2023-06-22T04:00:00Z Credit Suisse's investment bank, back office, and its Swiss retail bank will bear the brunt of the bloodletting, with at least 7,000 jobs to go in Zurich alone, the person said. UBS looks to axe 30% of staff and keep Credit Suisse's domestic business - source 2023-06-28T04:00:00Z "Credit Suisse’s directors and senior executives, and the rotten culture they instilled and fostered, destroyed trust in the bank, which led to its collapse," the lawsuit said. Three former Credit Suisse CEOs accused of excessive risk-taking -court filing 2023-06-22T04:00:00Z Reuters had last week reported that UBS will cut Asia investment banking jobs at Credit Suisse next month, with significant reduction in investment bankers covering Australia and China. UBS to cut more than half of Credit Suisse workforce - Bloomberg News 2023-06-27T04:00:00Z Credit Suisse was ordered to pay $926 million to the Georgian billionaire for losing part of his fortune, in a Singapore court ruling that represents one of the biggest legal awards made against the bank. Credit Suisse to appeal Bermuda court ruling against Georgia's former PM 2023-06-23T04:00:00Z The Swiss lender was forced into a government-engineered takeover with UBS after Credit Suisse’s stock plunged and customers quickly pulled out their money in March. Swiss central bank urges review of ‘too big to fail’ bank safeguards after Credit Suisse debacle 2023-06-22T04:00:00Z Such plans indicate that UBS wants to absorb Credit Suisse's domestic business, streamlining operations and cutting costs in the process, a controversial decision which could trigger concerns about the bank's domestic market dominance. UBS looks to axe 30% of staff and keep Credit Suisse's domestic business - source 2023-06-28T04:00:00Z The lawsuit also accused executives of "creating and perpetuating a culture at Credit Suisse that placed profits, excessive risk-taking, and self-dealing over sound risk management and compliance with the law." Three former Credit Suisse CEOs accused of excessive risk-taking -court filing 2023-06-22T04:00:00Z Earlier this month, UBS Chief Executive Sergio Ermotti warned of painful decisions about job cuts following the takeover of Credit Suisse, but did not give details about the number of potential layoffs. UBS to cut more than half of Credit Suisse workforce - Bloomberg News 2023-06-27T04:00:00Z Singapore's International Commercial Court said a unit of Credit Suisse had not acted in good faith and neglected to keep the assets of Ivanishvili safe. Credit Suisse to appeal Bermuda court ruling against Georgia's former PM 2023-06-23T04:00:00Z Bonds designed to automatically absorb losses wound up playing a role only after Credit Suisse’s rescue and didn’t help in the run-up to the meltdown. Swiss central bank urges review of ‘too big to fail’ bank safeguards after Credit Suisse debacle 2023-06-22T04:00:00Z Reuters reported last week reported that UBS will cut Asia investment banking jobs at Credit Suisse next month, with significant reduction in investment bankers covering Australia and China. UBS looks to axe 30% of staff and keep Credit Suisse's domestic business - source 2023-06-28T04:00:00Z UBS has said that full integration of Credit Suisse following the takeover that created a giant Swiss bank with a balance sheet of $1.6 trillion, will take up three to five years. Exclusive: Credit Suisse seeks to win back clients back with above-market rates 2023-06-21T04:00:00Z UBS completed its emergency takeover of embattled rival Credit Suisse last week, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet and a workforce of 120,000. UBS to start Credit Suisse Asia investment banking job cuts in July -sources 2023-06-21T04:00:00Z UBS reportedly stands to inherit hundreds of millions in regulatory fines tied to Credit Suisse’s role in the collapse of Archegos. What Business Learned From Blinken’s Trip to China 2023-06-20T04:00:00Z “The experience made with Credit Suisse has shown that, in a period of stress, regulatory metrics are relatively narrow and may delay corrective action,” it added. Swiss central bank urges review of ‘too big to fail’ bank safeguards after Credit Suisse debacle 2023-06-22T04:00:00Z Federal Reserve could impose a penalty of up to $300 million, the newspaper reported, adding that Credit Suisse had set aside just $35 million for potential fines. UBS faces big penalty over Credit Suisse's Archegos failings -FT 2023-06-19T04:00:00Z Credit Suisse suffered an exodus of client funds in the first quarter that brought the lender to the brink of collapse. Exclusive: Credit Suisse seeks to win back clients back with above-market rates 2023-06-21T04:00:00Z In the Asia Pacific region, there will be significant reduction in Credit Suisse investment bankers covering Australia and China, where the two banks overlap most, two of the sources said. UBS to start Credit Suisse Asia investment banking job cuts in July -sources 2023-06-21T04:00:00Z The eight-day Tour de Suisse is one of the last preparation races for next month’s Tour de France. Tour de Suisse winner Skjelmose dedicates title to Mader, who died Friday after crashing 2023-06-18T04:00:00Z The collapse of SVB in March reverberated around the world, sending U.S. depositors fleeing smaller banks for larger cousins while the hit to confidence forced Credit Suisse into the arms of rival UBS. SVB agrees to sell its investment banking division 2023-06-18T04:00:00Z The New York-based firm's demise caused billions of dollars in losses for Credit Suisse. UBS faces big penalty over Credit Suisse's Archegos failings -FT 2023-06-19T04:00:00Z At Credit Suisse's asset management unit, which was also hit by clients walking, outflows have not yet stopped, a person with knowledge of the matter told Reuters earlier this month. Exclusive: Credit Suisse seeks to win back clients back with above-market rates 2023-06-21T04:00:00Z UBS is also looking to axe most of Credit Suisse's Asia consumer and retail and general industrial group coverage teams, the two sources said. UBS to start Credit Suisse Asia investment banking job cuts in July -sources 2023-06-21T04:00:00Z American Magnus Sheffield has been discharged from hospital after he was involved in a high-speed crash during stage five of the Tour de Suisse. Sheffield leaves hospital after Tour de Suisse crash 2023-06-18T04:00:00Z On Thursday, riding in his home race, the Tour de Suisse, he was hoping to repeat the kind of feat Pidcock had performed in France last year. 'Shock but no surprise as cycling looks for answers' 2023-06-17T04:00:00Z UBS completed its emergency takeover of embattled rival Credit Suisse last week, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet. UBS faces big penalty over Credit Suisse's Archegos failings -FT 2023-06-19T04:00:00Z The rescue, backed by public funds, was designed to prevent Credit Suisse's collapse from triggering a wider banking crisis. Exclusive: Credit Suisse seeks to win back clients back with above-market rates 2023-06-21T04:00:00Z Most of the Credit Suisse technology, media and telecoms team's investment bankers will be retained, the three sources said, with one adding that dealmakers covering non-China financial institutions are also likely to be retained. UBS to start Credit Suisse Asia investment banking job cuts in July -sources 2023-06-21T04:00:00Z Chief Executive sought to reassure Switzerland on Saturday over its new banking giant, created by the Swiss bank's historic takeover of former rival Credit Suisse . 'Prospects for UBS are better than ever' - CEO Ermotti 2023-06-17T04:00:00Z The Tour de Suisse is a traditional warm-up race for the Tour de France and an elite level World Tour race in its own right. 'Shock but no surprise as cycling looks for answers' 2023-06-17T04:00:00Z It set aside $4 billion for potential lawsuits on the Credit Suisse deal in May, according to a presentation. UBS faces big penalty over Credit Suisse's Archegos failings -FT 2023-06-19T04:00:00Z They said the decision had been taken after talks with the family of Mader plus the teams and riders involved, as well as the entire staff of the Tour de Suisse. Mader team pull out of race after rider's death 2023-06-17T04:00:00Z The bulk of Credit Suisse investment bankers in Southeast Asia have left, said one of the three sources and a fourth person with knowledge of the matter. UBS to start Credit Suisse Asia investment banking job cuts in July -sources 2023-06-21T04:00:00Z Ermotti, who returned to the bank as Chief Executive in a surprise move shortly after the government orchestrated rescue of Credit Suisse was announced, addressed public concern over the size of the combined bank. 'Prospects for UBS are better than ever' - CEO Ermotti 2023-06-17T04:00:00Z “We are heartbroken,” Tour de Suisse organizers said in a statement. Swiss cyclist Gino Mader dies from injuries suffered in crash during Tour de Suisse 2023-06-16T04:00:00Z Switzerland's number one bank, agreed to take over Credit Suisse, marking the first rescue of a global bank since the 2008 financial crisis. Swiss parliament names 14-member commission to probe Credit Suisse crash 2023-06-14T04:00:00Z The women's Tour de Suisse will also start as planned on Saturday. Mader team pull out of race after rider's death 2023-06-17T04:00:00Z He was vice chair of investment banking and capital markets in the region at Credit Suisse. Deutsche Bank hires senior dealmakers from rivals – memo 2023-06-14T04:00:00Z "The question of what will happen to Credit Suisse's Swiss business also needs to be well thought through," he said. 'Prospects for UBS are better than ever' - CEO Ermotti 2023-06-17T04:00:00Z The Tour de Suisse is a preparation race ahead of next month’s Tour de France. Swiss cyclist Gino Mader dies from injuries suffered in crash during Tour de Suisse 2023-06-16T04:00:00Z On Monday, Switzerland’s UBS said it has completed its takeover of rival Credit Suisse in a government-arranged rescue combining the country’s two largest banks. Stock market today: Asia markets higher ahead of US inflation, Fed rates decision 2023-06-12T04:00:00Z Senn added: "The women and all the teams deserve a Tour de Suisse Women. We are convinced that we can offer the women riders a professional and safe race." Mader team pull out of race after rider's death 2023-06-17T04:00:00Z Credit Suisse shares have lost 86% in value over the last 12 months after the lender was hit was a collapse in customer confidence, necessitating a state-orchestrated rescue by its larger Swiss peer. Credit Suisse shares close slightly higher on final trading day 2023-06-12T04:00:00Z To prevent more of the kinds of scandals that plagued Credit Suisse, UBS has reportedly imposed restrictions on its former rival’s bankers, including a ban on doing business with countries like Libya and Venezuela. JPMorgan Moves to Put the Epstein Case Behind It 2023-06-12T04:00:00Z Credit Suisse will also no longer be traded on the New York Stock Exchange. UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil 2023-06-12T04:00:00Z He played a role in Credit Suisse's expansion in China. Factbox: Credit Suisse arrivals and departures after UBS seals takeover 2023-06-12T04:00:00Z A Tour de Suisse statement said: "Even if the focus is already back on the implementation of the coming days, the thoughts are with the family of Gino Mader." Mader team pull out of race after rider's death 2023-06-17T04:00:00Z The final price underlines a massive collapse in value at Credit Suisse. Credit Suisse shares close slightly higher on final trading day 2023-06-12T04:00:00Z The regulator said one of the most pressing goals for the new merged bank was to quickly reduce the risk of the former Credit Suisse investment bank, but was confident this could be achieved. Swiss regulator welcomes UBS's strategic focus 2023-06-12T04:00:00Z UBS Group AG will manage two separate parent banks, UBS and Credit Suisse, with each continuing to have its own branches and customers. UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil 2023-06-12T04:00:00Z The Swiss-Italian national returned to Credit Suisse in January 2022 as head of its wealth management division after a stint leading Australian wealth management company AMP. Factbox: Credit Suisse arrivals and departures after UBS seals takeover 2023-06-12T04:00:00Z A statement from the bank said that “UBS has completed the acquisition of Credit Suisse today, crossing an important milestone.” UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil 2023-06-12T04:00:00Z Possibly the first hurdle is a politically fraught decision on Credit Suisse's "crown jewel", its domestic business. Explainer: UBS has Swiss mountain to climb with Credit Suisse 2023-06-12T04:00:00Z The merger also brings to an end Credit Suisse's 167-year history, marred in recent years by scandals and losses. UBS completes Credit Suisse takeover to become wealth management behemoth 2023-06-12T04:00:00Z UBS has secured a government backstop for losses tied to its takeover of Credit Suisse, clearing the last hurdle for combining Switzerland’s top two banks. What Trump’s Latest Indictment Means for the 2024 Race 2023-06-09T04:00:00Z Appointments to the executive board of Credit Suisse AG: Factbox: Credit Suisse arrivals and departures after UBS seals takeover 2023-06-12T04:00:00Z Credit Suisse is appealing that and a similar case in Bermuda, where Ivanishvili says a bank subsidiary failed to prevent “fraudulent mismanagement” of his assets in two life insurance policies. UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil 2023-06-12T04:00:00Z But UBS will have to weigh that against public pressure to keep the Credit Suisse business separate with its own brand, identity and, critically, workforce. Explainer: UBS has Swiss mountain to climb with Credit Suisse 2023-06-12T04:00:00Z They say the rescue was also necessary to protect Switzerland's standing as a financial centre, which would suffer if Credit Suisse's collapse triggered a wider banking crisis. UBS completes Credit Suisse takeover to become wealth management behemoth 2023-06-12T04:00:00Z "To make the takeover possible, the government granted UBS a guarantee for any losses incurred in the liquidation of Credit Suisse assets," the government said. Swiss government says it has reached agreement with UBS on loss guarantees 2023-06-09T04:00:00Z The following executives will continue in their existing roles for Credit Suisse AG. Factbox: Credit Suisse arrivals and departures after UBS seals takeover 2023-06-12T04:00:00Z Credit Suisse was classified as one of 30 globally significant banks because its collapse posed a wider risk to the financial system. UBS completes takeover of Credit Suisse in deal meant to stem global financial turmoil 2023-06-12T04:00:00Z Clients who would typically bank both with UBS and Credit Suisse to spread their risk, might now take some of that business elsewhere. Explainer: UBS has Swiss mountain to climb with Credit Suisse 2023-06-12T04:00:00Z UBS sealed the deal in less than three months - a tight timetable given its scale and complexity - to provide greater certainty for Credit Suisse clients and employees, and stave off departures. UBS completes Credit Suisse takeover to become wealth management behemoth 2023-06-12T04:00:00Z "To make the takeover possible, the government granted UBS a guarantee for any losses incurred in the liquidation of Credit Suisse assets," the government said in a statement. UBS agrees with Swiss government on Credit Suisse loss guarantee 2023-06-09T04:00:00Z Under the takeover of Credit Suisse, orchestrated by Swiss authorities, Bern agreed to shoulder up to 9 billion francs in losses after UBS agreed to cover the first 5 billion francs in losses. UBS expects agreement on Credit Suisse loss guarantee by June 7 - SEC filing 2023-06-06T04:00:00Z Feb. 28 - Swiss regulators rebuke Credit Suisse for "serious" failings in its handling of a multi-billion business with now defunct financier Greensill, the third such public censure in two years. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z UBS Chairman Kelleher has openly spoken about fears of "cultural contamination" and applying a "cultural filter" to staff from Credit Suisse's investment bank, citing inadequate risk controls and unchecked growth and capital spending. Explainer: UBS has Swiss mountain to climb with Credit Suisse 2023-06-12T04:00:00Z UBS is set to book a massive profit in second-quarter results on Aug. 31 after buying Credit Suisse for a fraction of its so-called fair value. UBS completes Credit Suisse takeover to become wealth management behemoth 2023-06-12T04:00:00Z UBS had been rushing to close the transaction in record time, hoping to provide greater certainty for Credit Suisse clients and employees, and to stave off departures. UBS expects to seal Credit Suisse takeover as soon as June 12 2023-06-05T04:00:00Z "The dollar strength is entirely related to the fact that U.S. data is actually pretty good," said Alvise Marino, a strategist at Credit Suisse. Dollar bears bide their time as U.S. economic strength persists 2023-06-05T04:00:00Z Earlier, Credit Suisse's largest shareholder - Saudi National Bank - said it would not increase its stake in the lender, sending its shares plunging by a fifth. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z One potential risk stems from legal challenges to the decision by Swiss authorities to write off special AT1 bonds issued by Credit Suisse. Explainer: UBS has Swiss mountain to climb with Credit Suisse 2023-06-12T04:00:00Z UBS is considering delaying its quarterly results at least until the end of August, as the Swiss banking giant deals with complexities over its takeover of Credit Suisse , the Financial Times reported on Sunday. Forever in debt: Why U.S. loans are getting longer 2023-06-05T04:00:00Z But there has been public pressure to preserve Credit Suisse's domestic business as a separate entity with its own brand, identity and, critically, workforce. UBS expects to seal Credit Suisse takeover as soon as June 12 2023-06-05T04:00:00Z Credit Suisse strategists recently bet on the dollar's gaining against the euro, according to a note. Dollar bears bide their time as U.S. economic strength persists 2023-06-05T04:00:00Z March 19: An emergency rescue of Credit Suisse, brokered by the Swiss government, central bank and financial regulator, is announced. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z UBS executives said they aim to radically shrink Credit Suisse's investment bank. Explainer: UBS has Swiss mountain to climb with Credit Suisse 2023-06-12T04:00:00Z UBS is considering delaying its quarterly results at least until the end of August, as the Swiss banking giant deals with complexities over its takeover of Credit Suisse , the Financial Times reported on Sunday. US banks could face 20% boost to capital requirements - WSJ 2023-06-05T04:00:00Z SIX said in a separate statement Credit Suisse shares would be delisted on June 13 at the earliest. UBS expects to seal Credit Suisse takeover as soon as June 12 2023-06-05T04:00:00Z UBS is considering delaying its quarterly results at least until the end of August, as the Swiss banking giant deals with complexities over its takeover of Credit Suisse , the Financial Times reported on Sunday. Barclays Private Bank makes senior appointments in Singapore - statement 2023-06-05T04:00:00Z Under the deal, UBS agrees to buy Credit Suisse for a knockdown price of 3 billion Swiss francs in stock and agreed to assume up to 5 billion francs in losses. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z On paper, UBS does not seem to need any public funds, with a nearly $35 billion financial cushion from buying Credit Suisse at a fraction of its book value. Explainer: UBS has Swiss mountain to climb with Credit Suisse 2023-06-12T04:00:00Z Reuters last month reported that hundreds of Credit Suisse employees are resigning each week in a sign of uncertainty gripping the lender while it is being taken over by its larger rival. UBS to retain more than 100 Credit Suisse bankers in Asia -Bloomberg News 2023-06-05T04:00:00Z A question mark remains over what UBS will do with the Swiss retail bank of Credit Suisse, long seen as the group's "crown jewel." UBS expects to seal Credit Suisse takeover as soon as June 12 2023-06-05T04:00:00Z That was five days before UBS agreed to buy Credit Suisse in a deal engineered by Swiss authorities to avoid more market-shaking turmoil in global banking. Fed's Powell spoke with UBS CEO amid meetings flurry during March banking crisis 2023-06-02T04:00:00Z Separately, some holders of Credit Suisse AT1 bonds wiped out by the merger instruct lawyers to represent them for possible litigation to recover losses. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z However, insiders talk of rivals aggressively wooing Credit Suisse clients and employees. Explainer: UBS has Swiss mountain to climb with Credit Suisse 2023-06-12T04:00:00Z UBS did not immediately respond to a request for comment on the report, while Credit Suisse declined to comment. UBS to retain more than 100 Credit Suisse bankers in Asia -Bloomberg News 2023-06-05T04:00:00Z The banks' actions show how the wipeout of billions of dollars of Credit Suisse AT1 bonds still reverberates around this market, which is estimated at roughly $275 billion. Analysis: Banks break taboo for high-risk bonds 2023-06-02T04:00:00Z In Switzerland, the government forced a takeover of ailing Credit Suisse by UBS, rather than closing it down using "resolution" tools regulators introduced after the 2008 global financial crisis. G20 watchdog to study Silicon Valley Bank, Credit Suisse turmoil 2023-06-01T04:00:00Z April 4 - Credit Suisse chairman Axel Lehmann apologises to investors for taking the bank to the brink of bankruptcy at the bank's final shareholder meeting. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z Credit Suisse was given access to over 200 billion francs in liquidity support, 100 billion of which was backed by the government. Credit Suisse has paid back government-backed liquidity 2023-06-01T04:00:00Z Credit Suisse has scrapped plans to set up a locally incorporated bank in China to sidestep a potential regulatory conflict arising from its merger with UBS , said two sources with direct knowledge of the matter. Tesla doubles discounts on Model 3 cars in US inventory 2023-06-01T04:00:00Z Yields on the bonds have surged to more than 10% from around 8% before the Credit Suisse's rescue as investors seek a higher premium for the risk. Analysis: Banks break taboo for high-risk bonds 2023-06-02T04:00:00Z Credit Suisse bankers, worried about their future are seeking safer employment at competitors, one person said. Credit Suisse bankers leaving by the hundreds every week - sources 2023-05-31T04:00:00Z March 9 - Credit Suisse postpones publication of its annual report after a last minute call by the U.S. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z In its quarterly results published in April, Credit Suisse said "the net amount of borrowings under these facilities amounted to 108 billion Swiss francs." Credit Suisse has paid back government-backed liquidity 2023-06-01T04:00:00Z After years of investments and preparations, Credit Suisse has now decided to abort its plan to apply for a license to set up the so-called locally incorporated bank, said the two sources. Exclusive: Credit Suisse aborts China bank plan to avoid regulatory conflict under UBS-sources 2023-05-31T04:00:00Z The government-orchestrated rescue of Credit Suisse has seen 209 billion francs in state and central bank support deployed, and caused concern in parliament which rejected the package in a symbolic vote. Switzerland's Social Democrats propose shrinking UBS - Aargauer Zeitung 2023-05-30T04:00:00Z Swiss newspaper Blick reported earlier on Wednesday that each day around 150 people worldwide were resigning from Credit Suisse while one of the two people said they saw about 200 resignations a week. Credit Suisse bankers leaving by the hundreds every week - sources 2023-05-31T04:00:00Z March 13 - Credit Suisse shares hit a record low after the entire banking sector sells off in the wake of the collapse of Silicon Valley Bank. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z Having a large cash pile would have reassured investors and clients after Credit Suisse and a number of U.S. banks suffered deposit runs. Exclusive: Deutsche Bank used big trades to raise cash in March turmoil 2023-05-26T04:00:00Z “The judgment published today is wrong and poses very significant legal issues,” Credit Suisse said in a statement. Credit Suisse owes millions to Georgia’s billionaire ex-prime minister, court says 2023-05-26T04:00:00Z Credit Suisse immediately said it would appeal the decision. Georgian billionaire wins $926 mln from Credit Suisse after fraud 2023-05-26T04:00:00Z Credit Suisse said in April that the bank's "employee attrition has been higher over the last year," and that it had just over 48,000 full-time employees at the end of the first quarter. Credit Suisse bankers leaving by the hundreds every week - sources 2023-05-31T04:00:00Z March 14 - Publishing its delayed 2022 annual report, Credit Suisse says it had identified "material weaknesses" in internal controls over financial reporting and not yet stemmed customer outflows. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z Days after Switzerland engineered the rescue of Credit Suisse, Deutsche's customers began withdrawing deposits, its executives later said, while shares in the bank dropped as much as 15% on a single day. Exclusive: Deutsche Bank used big trades to raise cash in March turmoil 2023-05-26T04:00:00Z “Credit Suisse Trust Limited intends to vigorously pursue an appeal.” Credit Suisse owes millions to Georgia’s billionaire ex-prime minister, court says 2023-05-26T04:00:00Z In its judgment published on Friday, the court said the bank had failed to safeguard Ivanishvili's assets by preventing Patrice Lescaudron, an adviser at Credit Suisse Trust in Singapore, having access to them. Georgian billionaire wins $926 mln from Credit Suisse after fraud 2023-05-26T04:00:00Z In an example of competitors poaching Credit Suisse's staff, Santander, Spain’s biggest bank, has hired at least eight bankers from Credit Suisse and was targeting more, Bloomberg News reported this month. Credit Suisse bankers leaving by the hundreds every week - sources 2023-05-31T04:00:00Z March 15 - The Swiss National Bank pledges to fund Credit Suisse with liquidity "if necessary" - the first such move for a big bank since the global financial crisis. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z One source said that if there is one thing that the ECB had learned from the rapid demise of Credit Suisse is that the LCR is an unreliable indicator as deposits can disappear overnight. Exclusive: Deutsche Bank used big trades to raise cash in March turmoil 2023-05-26T04:00:00Z UBS Chairman Colm Kelleher said this week that Switzerland’s largest bank is “worried about cultural contamination” and has used what he dubbed a “culture filter” to determine whom to bring over from Credit Suisse. Credit Suisse owes millions to Georgia’s billionaire ex-prime minister, court says 2023-05-26T04:00:00Z "It preferred the importance of Mr Lescaudron in retaining the big client, the plaintiff, with the Credit Suisse organisation to the compliance with its core obligation of keeping the Trust assets safe." Georgian billionaire wins $926 mln from Credit Suisse after fraud 2023-05-26T04:00:00Z UBS has been rushing to close the deal well before the end of this quarter, seeking swift approvals from regulators worldwide, to provide greater certainty for Credit Suisse clients and employees. Credit Suisse bankers leaving by the hundreds every week - sources 2023-05-31T04:00:00Z March 21 - Swiss authorities impose curbs on bonus payments for Credit Suisse employees. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z In 2021, Swiss bank Credit Suisse agreed to pay at least $475 million to British and American authorities to settle allegations of bribery and kickbacks related to the bank’s involvement in the loans. Former Mozambique finance minister loses last appeal, set for extradition to US over $2B scandal 2023-05-25T04:00:00Z Credit Suisse abandoned efforts to protect over $400 million in executive bonuses from being blocked after the bank’s fire sale to UBS. Carl Icahn’s Battle with Illumina Comes to a Head 2023-05-25T04:00:00Z Credit Suisse knew Lescaudron had breached regulations designed to prevent fraud and had waited for up to two years for a response from him when questioned, Bergin said. Georgian billionaire wins $926 mln from Credit Suisse after fraud 2023-05-26T04:00:00Z UBS management has also said it would set a very high bar when deciding whether to retain any of Credit Suisse's investment banking staff. Credit Suisse bankers leaving by the hundreds every week - sources 2023-05-31T04:00:00Z April 5 - The Swiss government orders Credit Suisse to cancel or cut all outstanding bonus payments for senior management. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z Up to 100 billion francs was provided via a public liquidity backstop to Credit Suisse, which by the end of April had drawn 10 billion of the loans. Switzerland speeds up work on liquidity backstop after Credit Suisse crash 2023-05-25T04:00:00Z Meanwhile in Europe, Swiss officials brokered a rescue deal for troubled banking giant Credit Suisse by its rival UBS, which Swiss prosecutors are investigating. Silicon Valley Bank: 500 jobs cut by new owner First Citizens 2023-05-24T04:00:00Z The $926 million to be paid by Credit Suisse will be reduced by $79 million it had already paid in December. Georgian billionaire wins $926 mln from Credit Suisse after fraud 2023-05-26T04:00:00Z A banker from Credit Suisse in Zurich told Reuters the lender was in a state of flux, with its investment bank seeing the most staff departures. Credit Suisse bankers leaving by the hundreds every week - sources 2023-05-31T04:00:00Z April 6 - UBS CEO Ermotti tells Credit Suisse staff to stay focussed on the business, but warns of "change and hard decisions" ahead. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z It also said a broader review of the regulatory framework announced after Credit Suisse's takeover was under way. Switzerland speeds up work on liquidity backstop after Credit Suisse crash 2023-05-25T04:00:00Z UBS Group AG said on Tuesday it was in negotiations with Swiss authorities about loss protections related to its takeover of Credit Suisse Group AG and its regulatory capital requirements. Boeing looks to embed experienced pilots with new airline customers 2023-05-24T04:00:00Z "The judgment published today is wrong and poses very significant legal issues," Credit Suisse said in a statement. Georgian billionaire wins $926 mln from Credit Suisse after fraud 2023-05-26T04:00:00Z Credit Suisse, which has arranged some of No Va Land's bond issuance, has committed to loans worth about $55 million, according to the Vietnamese company's financial statements. Exclusive: Vietnam's No Va Land in talks with Credit Suisse, others to restructure debt -source 2023-05-23T04:00:00Z April 15 - The Federal Reserve approves UBS's acquisition of the U.S. subsidiaries of Credit Suisse. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z Societe Generale's vulnerability was made clear earlier this year when its stock was among the hardest hit as investors sought safety following the collapses of Silicon Valley Bank and Credit Suisse. Krupa, hard-driving veteran entrusted with reviving Societe Generale 2023-05-23T04:00:00Z Credit Suisse was not part of the convened committee regarding the question that was posed to the committee as the bank abstained under the committee's rules. CDS panel says Credit Suisse bankruptcy event has not occurred 2023-05-22T04:00:00Z "Credit Suisse Trust Limited intends to vigorously pursue an appeal," it added. Georgian billionaire wins $926 mln from Credit Suisse after fraud 2023-05-26T04:00:00Z The second person said talks were underway with Credit Suisse and at least one other creditor. Exclusive: Vietnam's No Va Land in talks with Credit Suisse, others to restructure debt -source 2023-05-23T04:00:00Z April 24 - Credit Suisse says 61 billion Swiss francs in assets had left the bank in the first quarter, as it reported what were probably its last ever quarterly results. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z Meanwhile, thousands of the UBS and Credit Suisse workforce await clarity over their futures. Analysis: Investment banking faultlines trigger European job shake-up 2023-05-19T04:00:00Z Hundreds of lawsuits have been filed over terms of the emergency deal to save Credit Suisse, which was hammered out over a March weekend amid turmoil in the global banking sector. CDS panel says Credit Suisse bankruptcy event has not occurred 2023-05-22T04:00:00Z The final sum due from Credit Suisse should be further reduced to prevent an overlap with the Bermuda case and prevent a so-called double recovery, the court said. Georgian billionaire wins $926 mln from Credit Suisse after fraud 2023-05-26T04:00:00Z As of mid-March 2023, Credit Suisse barely reached its internal cash limit at the Swiss National Bank. Credit Suisse neared its cash limits days before rescue, filing shows 2023-05-18T04:00:00Z Securities and Exchange Commission shows that UBS considered in December the effect of it taking over Credit Suisse, but concluded such a move was not desirable. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z Hundreds of lawsuits have been filed over terms of the deal after Credit Suisse's shareholders and bondholders were left nursing big losses. Exclusive: Qatar fund explored claims against Switzerland for Credit Suisse losses 2023-05-17T04:00:00Z The amount of gross notional outstanding CDS linked to Credit Suisse bonds stood at more than $19 billion in March, according to Depository Trust & Clearing Corporation data. CDS panel says Credit Suisse bankruptcy event has not occurred 2023-05-22T04:00:00Z Credit Suisse is currently appealing the Bermuda decision. Georgian billionaire wins $926 mln from Credit Suisse after fraud 2023-05-26T04:00:00Z Credit Suisse was forced into a government orchestrated rescue on March 19. Credit Suisse neared its cash limits days before rescue, filing shows 2023-05-18T04:00:00Z May 12 - Ermotti says the situation at Credit Suisse has stabilised, adding he did not think customer outflows were continuing. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z Among them, Middle Eastern backers which own more than 20% of Credit Suisse face the largest hit. Exclusive: Qatar fund explored claims against Switzerland for Credit Suisse losses 2023-05-17T04:00:00Z The amount of gross notional outstanding CDS linked to Credit Suisse bonds stood at more than $19 billion in March, according to data from the Depository Trust & Clearing Corporation. Credit Suisse bond wipe-out will not trigger credit insurance payout 2023-05-17T04:00:00Z A person familiar with the matter said the overlap is estimated to be about $300 million and that Credit Suisse has already taken provisions for part of the total compensation. Georgian billionaire wins $926 mln from Credit Suisse after fraud 2023-05-26T04:00:00Z Credit Suisse then announced in the early hours of March 16 that it intended to borrow up to 50 billion Swiss francs from the SNB after the central bank pledged liquidity "if necessary". Credit Suisse neared its cash limits days before rescue, filing shows 2023-05-18T04:00:00Z May 17 - The office of the upper house of the Swiss parliament decides that Credit Suisse's rescue will be investigated by a special commission. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z Shareholders of Credit Suisse and UBS were not granted a vote on the deal that was sealed over one weekend in March. Exclusive: Qatar fund explored claims against Switzerland for Credit Suisse losses 2023-05-17T04:00:00Z Hundreds of lawsuits have been filed over the terms of the emergency deal to save Credit Suisse. Credit Suisse bond wipe-out will not trigger credit insurance payout 2023-05-17T04:00:00Z "We expect Credit Suisse to fully comply with the judgment and finally accept responsibility for its failures." Georgian billionaire wins $926 mln from Credit Suisse after fraud 2023-05-26T04:00:00Z This measure would have a positive effect on Credit Suisse's liquidity and capital situation and ensure the continued existence of the bank's Swiss business, the decree said. Credit Suisse neared its cash limits days before rescue, filing shows 2023-05-18T04:00:00Z May 23 - The Swiss finance ministry issues an order cancelling or reducing outstanding bonuses of Credit Suisse managers, implementing a decision announced in April. Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue 2023-06-05T04:00:00Z Offsetting the decline in the stock over the years, QIA received interest payments on Credit Suisse bonds that were part of its 2008 investment, leaving it with an overall gain, the source said. Exclusive: Qatar fund explored claims against Switzerland for Credit Suisse losses 2023-05-17T04:00:00Z The move comes after two sub-committees supported a deeper investigation into how the government, Swiss central bank and financial market regulator acted in the run up to the emergency rescue of Credit Suisse. Swiss parliament to investigate Credit Suisse collapse 2023-05-17T04:00:00Z UBS expects to shoulder as much as $4 billion in legal liabilities from its fire sale takeover of Credit Suisse, but could see around a $35 billion accounting gain from the deal. Washington Confronts the Challenge of Policing A.I. 2023-05-17T04:00:00Z Credit Suisse's involvement in a series of corporate collapses spooked clients who began withdrawing their money, a trend that accelerated when U.S. bank failures sparked fear of a broader banking crisis. UBS says it was rushed into unwanted Credit Suisse rescue merger 2023-05-17T04:00:00Z The filing also showed Credit Suisse cannot order any "material amendments" to its employee terms and conditions, including remuneration and pension entitlements, while the merger is underway. Credit Suisse faces restrictions on business till deal closure 2023-05-17T04:00:00Z The sovereign wealth fund had increased its stake in Credit Suisse to just under 7%, only trailing largest shareholder Saudi National Bank's roughly 10% stake, according to a January filing. Exclusive: Qatar fund explored claims against Switzerland for Credit Suisse losses 2023-05-17T04:00:00Z Since UBS has yet to gain full insight in Credit Suisse's books, the numbers may change in coming months. UBS sets aside $4 bln for potential lawsuits on Credit Suisse deal 2023-05-16T04:00:00Z The European Commission, which is scheduled to finish its preliminary review of the deal by June 7, and Credit Suisse declined to comment. Exclusive: UBS set to gain EU nod for Credit Suisse deal, sources say 2023-05-16T04:00:00Z The wave of deposit outflows and a major share-price drop prompted Switzerland's central bank on March 15 to offer Credit Suisse liquidity assistance. UBS says it was rushed into unwanted Credit Suisse rescue merger 2023-05-17T04:00:00Z In addition, Credit Suisse cannot undertake any capital expenditure of more than 10 million francs or enter into certain contracts worth more than 3 million francs per year. Credit Suisse faces restrictions on business till deal closure 2023-05-17T04:00:00Z Many Credit Suisse bankers are based in the United States. Exclusive: Top Barclays TMT investment bankers decamp for UBS -sources 2023-05-15T04:00:00Z In Europe, the turmoil sparked the forced takeover of troubled Swiss giant Credit Suisse. Ex US bank bosses call collapse 'unprecedented' 2023-05-15T04:00:00Z UBS, which is twice as big as Credit Suisse by assets, did not immediately respond to a request for comment. Exclusive: UBS set to gain EU nod for Credit Suisse deal, sources say 2023-05-16T04:00:00Z From December to mid-January, Credit Suisse executives had also been discussing with the government about its options including a merger with UBS, the UBS filing showed. UBS says it was rushed into unwanted Credit Suisse rescue merger 2023-05-17T04:00:00Z Chief Executive Sergio Ermotti said on Friday that the situation at Credit Suisse has stabilized and he did not think outflows at the embattled bank were continuing. UBS CEO: Credit Suisse no longer seeing outflows 2023-05-12T04:00:00Z UBS and Credit Suisse, neighbors in their hometown of Zurich, competed head-to-head over decades for mergers and initial public offerings across the world. Exclusive: Top Barclays TMT investment bankers decamp for UBS -sources 2023-05-15T04:00:00Z The Swiss National Bank raised its main interest rate by 50 bps in March to 1.5%, saying UBS's emergency takeover of Credit Suisse had "put a halt" to the chance of a banking crisis. BoE weighs in with another rate hike as big central banks near peak 2023-05-11T04:00:00Z Both UBS and Credit Suisse are in a group of the 30 global systematically important banks watched closely by regulators, and Credit Suisse's failure would ripple throughout the entire financial system. Exclusive: UBS set to gain EU nod for Credit Suisse deal, sources say 2023-05-16T04:00:00Z The next day, UBS and Credit Suisse signed a confidentiality agreement upon which the former began due diligence, the UBS filing showed. UBS says it was rushed into unwanted Credit Suisse rescue merger 2023-05-17T04:00:00Z The worries even spread to Europe, where troubled Swiss giant Credit Suisse, a major global player, was also taken over by rival UBS in a forced rescue deal. How worried should I be about the US economy? 2023-05-10T04:00:00Z Sources told Reuters last month that UBS plans to retain only a small number of Credit Suisse senior bankers with strong client relationships. Exclusive: Top Barclays TMT investment bankers decamp for UBS -sources 2023-05-15T04:00:00Z UBS is rated A- by S&P, while Credit Suisse was downgraded in November to one step above junk status. UBS's future AT1 bond sales could come at a big cost 2023-05-10T04:00:00Z UBS Group said on Tuesday that Credit Suisse CEO Ulrich Koerner will stay on after the takeover of its Swiss rival as part of a new leadership team of the combined group. Oil prices edge lower after surprise build in U.S. crude, gasoline stockpiles 2023-05-10T04:00:00Z Interest from UBS in buying Credit Suisse began in October when the ad hoc Strategy Committee of its board of directors reviewed its rival's distressed situation, according to the filing. UBS says it was rushed into unwanted Credit Suisse rescue merger 2023-05-17T04:00:00Z The turbulence boosted economics of the deal, slashing prices of the original bonds, although it also faced troubles of lynchpin lender Credit Suisse, which required an emergency takeover in March by rival UBS. Ecuador seals record debt-for-nature swap with Galapagos bond 2023-05-09T04:00:00Z Credit Suisse was planning to spin off its investment banking operations into a standalone business with veteran dealmaker Michael Klein at the helm. Exclusive: Top Barclays TMT investment bankers decamp for UBS -sources 2023-05-15T04:00:00Z The bank’s investors get “really enthusiastic” for opportunities that come with a positive impact on nature and society, said Ramzi Issa, who managed the transaction at Credit Suisse. Ecuador Strikes a Landmark Deal to Save Nature, and Some Cash 2023-05-09T04:00:00Z Ulrich Körner, who was named Credit Suisse’s chief last July, will oversee operational continuity and client focus at his firm’s longtime rival. Regulators Raise the Alarm on a Potential Market Risk 2023-05-09T04:00:00Z By then, Credit Suisse was experiencing deposit and net asset outflows at levels substantially exceeding rates of the July-September quarter, UBS said. UBS says it was rushed into unwanted Credit Suisse rescue merger 2023-05-17T04:00:00Z UBS announced several high-level appointments, including that Credit Suisse CEO Ulrich Körner will join its executive board with the job of “ensuring Credit Suisse’s operational continuity and client focus, while supporting the integration process.” UBS to take in Credit Suisse CEO as merger closes in 2 weeks 2023-05-08T04:00:00Z Commenting on Koerner's future role, UBS said he had knowledge of both organisations and would be responsible for Credit Suisse operational continuity and client focus, while supporting its integration. UBS says Credit Suisse CEO Koerner to join leadership of combined group 2023-05-09T04:00:00Z The deal came at a turbulent time for both Ecuador and Credit Suisse. Ecuador Strikes a Landmark Deal to Save Nature, and Some Cash 2023-05-09T04:00:00Z It’s the latest move by UBS to prepare to absorb Credit Suisse as soon as this month. Regulators Raise the Alarm on a Potential Market Risk 2023-05-09T04:00:00Z In early December, UBS management undertook a preliminary assessment of the consequences of a Credit Suisse purchase, which it presented to the Strategy Committee on Dec. 19. UBS says it was rushed into unwanted Credit Suisse rescue merger 2023-05-17T04:00:00Z One Dubai-based Credit Suisse banker, who asked not to be identified, said they rejected an offer from the PIF just days after the UBS deal was brokered because of the Saudi lifestyle. The country where bankers’ pay is booming: Saudi Arabia 2023-05-07T04:00:00Z UBS reiterated that it will evaluate all options for Credit Suisse’s Swiss business and will "communicate further on this matter in the coming months." UBS says Credit Suisse CEO Koerner to join leadership of combined group 2023-05-09T04:00:00Z Credit Suisse is in the middle of a takeover by its former rival, UBS. Ecuador Strikes a Landmark Deal to Save Nature, and Some Cash 2023-05-09T04:00:00Z Earlier this week, Ermotti said UBS was working on closing its merger with Credit Suisse by the end of May or early June. UBS chief draws up Credit Suisse leadership shortlist, FT says 2023-05-06T04:00:00Z Earnings from lenders across Europe have highlighted ongoing momentum in a sector where investor confidence has been hurt by failures across the Atlantic and the rescue of Credit Suisse. Italian bank Intesa raises profit target after beating forecasts 2023-05-05T04:00:00Z Wage inflation is expected to slow in the second half of the year, said Credit Suisse Chief Economist Ray Farris. US restaurants finally get labor relief with more workers seeking jobs 2023-05-05T04:00:00Z Credit Suisse repurchased Ecuadorean sovereign notes worth $1.6 billion in face value, the country's bankers said on Thursday, freeing cash for conservation of the unique Galapagos Islands in the biggest debt-for-nature swap ever struck. New Zealand to review risk and benefits of seabed mining 2023-05-05T04:00:00Z Credit Suisse repurchased Ecuadorean sovereign notes worth $1.6 billion in face value, the country's bankers said on Thursday, freeing cash for conservation of the unique Galapagos Islands in the biggest debt-for-nature swap ever struck. Marcos says Philippines bases could be 'useful' if Taiwan attacked 2023-05-05T04:00:00Z The bank is also reviewing options for Credit Suisse's Swiss unit, including keeping the unit's investment banking operations while selling the rest, potentially in an initial public offering, Reuters reported earlier this week. UBS chief draws up Credit Suisse leadership shortlist, FT says 2023-05-06T04:00:00Z Credit Suisse repurchased Ecuadorean sovereign notes worth $1.6 billion in face value, the country's bankers said on Thursday, freeing cash for conservation of the unique Galapagos Islands in the biggest debt-for-nature swap ever struck. Marcos dismisses criticism that his campaign played down family corruption 2023-05-05T04:00:00Z The offer, laid out by Credit Suisse late last month, amounts to the biggest debt-for-nature swap, as such transactions are known in banking circles, struck to date. Ecuador frees cash for Galapagos conservation with $1.6 bln bond repurchase 2023-05-05T04:00:00Z The future of Credit Suisse's business in Switzerland is being closely watched as one of UBS's key strategic decisions. Exclusive: UBS weighs options for sale of Credit Suisse's Swiss unit 2023-05-04T04:00:00Z Asian investors have joined a series of landmark international lawsuits being filed against the Swiss government over its handling of the takeover of troubled bank Credit Suisse. Credit Suisse: Asia investors sue Switzerland over bank collapse 2023-05-03T04:00:00Z UBS was considering the potential impact of buying struggling rival Credit Suisse as early as December, months before the takeover was hastily arranged by Swiss authorities in March, according to a regulatory filing. Exelon beats profit estimates on customer additions, higher prices 2023-05-03T04:00:00Z UBS was considering the potential impact of buying struggling rival Credit Suisse as early as December, months before the takeover was hastily arranged by Swiss authorities in March, according to a regulatory filing. US regional lenders mixed in choppy trading as banking turmoil fears brew 2023-05-03T04:00:00Z UBS was considering the potential impact of buying struggling rival Credit Suisse as early as December, months before the takeover was hastily arranged by Swiss authorities in March, according to a regulatory filing. WWE quarterly revenue falls on delay in key event 2023-05-03T04:00:00Z Credit Suisse's Swiss bank is one of the lender's four operating units and is seen as the jewel in the crown. Exclusive: UBS weighs options for sale of Credit Suisse's Swiss unit 2023-05-04T04:00:00Z The type of bonds he bought from Credit Suisse are known as AT1 bonds, or contingent convertibles. Credit Suisse: Asia investors sue Switzerland over bank collapse 2023-05-03T04:00:00Z UBS was considering the potential impact of buying struggling rival Credit Suisse as early as December, months before the takeover was hastily arranged by Swiss authorities in March, according to a regulatory filing. Carlsberg agrees to pay 50 mln euro fine in German price-fixing case 2023-05-03T04:00:00Z UBS was considering the potential impact of buying struggling rival Credit Suisse as early as December, months before the takeover was hastily arranged by Swiss authorities in March, according to a regulatory filing. Estee Lauder sinks after dour 2023 view on slow Asia travel retail 2023-05-03T04:00:00Z Amid growing public and political pressure within Switzerland, the country's largest bank is said to be working towards spinning off the Swiss part of Credit Suisse. UBS CEO: expects to close Credit Suisse takeover by end May, early June 2023-05-03T04:00:00Z In January, Credit Suisse had moved the business from its broader investment banking division into the Swiss unit, according to Credit Suisse's 2022 annual report. Exclusive: UBS weighs options for sale of Credit Suisse's Swiss unit 2023-05-04T04:00:00Z Investors know that in dire circumstances this type of debt can be written down to zero, which is exactly what happened when UBS was told to take over Credit Suisse. Credit Suisse: Asia investors sue Switzerland over bank collapse 2023-05-03T04:00:00Z UBS had been assessing the possible impact of a transaction with Credit Suisse since December, the filing showed. UBS wary of buying Credit Suisse in February, wanted more analysis - SEC filing 2023-05-03T04:00:00Z The first tranche of 2.5 billion euros was approved in March, a sign analysts deemed reassuring as it took place shortly after the collapse of Credit Suisse. France's BNP Paribas doubles profits in Q1 with Bank of the West sale 2023-05-03T04:00:00Z It said contagion risks had been contained by strong policy actions after the failures of two U.S. regional banks and the forced merger of Credit Suisse. IMF's Georgieva says more vulnerabilities in banking sector may be exposed 2023-05-01T04:00:00Z The panic also led to Wall Street’s biggest banks stepping in to give $30 billion to First Republic and the Swiss bank Credit Suisse to take over its rival, UBS. A Timeline of How the Banking Crisis Has Unfolded 2023-05-01T04:00:00Z AT1 bonds, they said, can be wiped out in a so-called "Viability Event" - in this case the extraordinary liquidity support granted by the Swiss government to Credit Suisse on 19 March. Credit Suisse: Asia investors sue Switzerland over bank collapse 2023-05-03T04:00:00Z The turmoil that ensued, which also brought down Credit Suisse, severely rattled investors, but central banks and regulators around the world doubled down on their commitment to shore up the financial system. Morning Bid: Another one bites the dust 2023-05-01T04:00:00Z UBS executives have repeatedly said that all options were still on the table concerning Credit Suisse's domestic business. UBS looks to bring Naratil back and mulls Swiss bank spin-off, NZZ am Sonntag reports 2023-04-30T04:00:00Z Swiss banking regulation and supervision must be reviewed following the collapse of Credit Suisse , Swiss National Bank Chairman Thomas Jordan said on Friday, although he warned against "quick fixes." Japan's Daihatsu broke side collision test procedures for some Toyota cars 2023-04-28T04:00:00Z Credit Suisse shares tumbled after investors started to fear that the bank would run out of money. A Timeline of How the Banking Crisis Has Unfolded 2023-05-01T04:00:00Z But in practice, shareholders were allowed to exchange their Credit Suisse shares for UBS shares, albeit at a vastly reduced value. Credit Suisse: Asia investors sue Switzerland over bank collapse 2023-05-03T04:00:00Z "Banking regulation and supervision will have to be reviewed in light of recent events," Jordan told the SNB's shareholders at their annual meeting in Bern, referring to the Credit Suisse crisis. Swiss National Bank seeks banking regulation review after Credit Suisse crash 2023-04-28T04:00:00Z |
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