A new lawsuit by U.S. hedge fund Appaloosa LP accuses the former Credit Suisse of misleading investors about its health ...
This led UBS to revise its 2023 net profit to $27.8 billion. UBS was strongarmed by the Swiss government to buy Credit Suisse last year over concerns that its troubled rival might go bankrupt and ...
UBS Group AG (NYSE:UBS) is gearing up for another round of layoffs as part of its ongoing efforts to improve efficiency ...
UBS Group AG is planning another round of job cuts as the firm continues to trim headcount following its rescue of Credit ...
The Zurich-based lender is proposing to buy the 33% stake held ... In return, UBS will sell part of or its entire 51% stake in Credit Suisse Securities (China) to the Beijing government fund ...
UBS Group and Apollo Global Management agreed to take the final step in the carveout of Credit Suisse's former securitized products business, as the banking giant presses ahead on the integration ...
The Swiss banking giant plans to trim headcount in banking, markets and wealth management, Bloomberg reported. The lender has said it aims to save around $6 billion in staff costs in the coming years.
Though they rank above shares in banks' capital structures, Switzerland's financial regulator FINMA had no obligation to pay ...
This led UBS to revise its 2023 net profit to $27.8 billion. UBS was strongarmed by the Swiss government to buy Credit Suisse last year over concerns that its troubled rival might go bankrupt and ...
Apollo will also buy $8 billion of senior secured ... it booked last year that aren't recognized under Credit Suisse's accounting policies, UBS said. Apollo said the transaction is economically ...