Swiss multinational banking institution
The former managers of the defunct major bank Credit Suisse can keep their bonuses. The Federal Department of Finance (FDF) informed the Keystone-SDA news ... Show more
Former Credit Suisse executives can keep bonuses: The former managers of the defunct major bank Credit Suisse will not be forced to repay their bonuses.
swissinfo.ch/eng/banking-fintech/former-credit-suisse-executives-can-keep-bonuses/75708901
Jefferies wants $4M break-up fee from banker who backed out of joining: A California appeals court will soon rule on whether Jefferies can demand a $4 million ...
businessinsider.com/jefferies-wall-street-bank-breakup-fee-offer-letter-contract-decker-2024-4
Swiss regulator seeks to block investors from accessing Credit Suisse AT1 files: Move comes as authorities face $9bn in legal claims over rescue of failed bank
ft.com/content/98defa96-3be9-40e7-a049-4ec102964778
'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants
cnbc.com/2024/04/11/lose-lose-situation-new-swiss-bank-laws-could-derail-ubs-challenge-to-wall-street-giants.html
‘Too Big to Fail’ risk acceptable at largest Swiss cantonal bank: Largest Swiss cantonal bank meets orderly liquidation standards.
swissinfo.ch/eng/banking-fintech/too-big-to-fail-risk-acceptable-at-largest-swiss-cantonal-bank/74348925
Swiss financial regulator plans to stress-test UBS this year: Swiss financial regulator FINMA said on Wednesday it plans to carry out 40 reviews of UBS and two ...
reuters.com/business/finance/swiss-financial-regulator-plans-stress-test-ubs-this-year-2024-03-20/
Credit Suisse takes fight over $1 billion awarded to billionaire to Singapore’s top court
straitstimes.com/business/credit-suisse-takes-fight-over-1-billion-awarded-to-billionaire-to-singapore-s-top-court
Switzerland's competition commission has reportedly called for an in-depth investigation into UBS's dominant position since its rescue of Credit Suisse last ... Show more buff.ly/42XNjuy
Switzerland must strengthen control of its financial sector, IMF warns: The IMF urged Switzerland on Thursday to strengthen its financial sector regulation as ...
thelocal.ch/20240328/switzerland-must-strengthen-control-of-its-financial-sector-imf-warns
Banks: Insider: Swiss Competition Commission recommends investigation into UBS market position
handelsblatt.com/finanzen/banken-versicherungen/banken/banken-insider-schweizer-weko-empfiehlt-untersuchung-der-ubs-marktposition/100019561.html
Ex-Credit Suisse, UBS US Client Indicted for Hiding $20 Million From IRS: A Brazilian-American businessman was indicted in Florida for allegedly using Credit ...
bloomberg.com/news/articles/2024-03-21/ex-credit-suisse-client-indicted-over-hiding-money-from-irs
Paid articlePaid
Credit Suisse client in tax dodge case gets $15-million bail: A Brazilian-American businessman charged with dodging US taxes for decades using accounts at Swiss ...
dailymaverick.co.za/article/2024-03-13-credit-suisse-client-in-tax-dodge-case-gets-15-million-bail/
Prosecutors Say Credit Suisse Client Dan Rotta Allegedly Cheated IRS for Decades: US prosecutors used a court hearing Tuesday to describe the measures an ...
bloomberg.com/news/articles/2024-03-12/two-passports-fake-names-irs-says-credit-suisse-client-cheated
Paid articlePaid Swiss financial regulator says it will focus 'very strongly' on UBS -report: Switzerland's financial market regulator will focus "very strongly" on UBS (UBSG ...
reuters.com/business/finance/swiss-financial-regulator-says-it-will-focus-very-strongly-ubs-report-2024-02-02/
Swiss financial watchdog boosts supervision of mega bank UBS: Around 60 people at FINMA are now directly or indirectly responsible for the supervision of ...
swissinfo.ch/eng/business/swiss-financial-watchdog-boosts-supervision-of-mega-bank-ubs/49144646
Top Swiss regulator open to idea of bankers paying back bonuses: The president of the Financial Market Supervisory Authority says a bonus clawback scheme is “on ...
swissinfo.ch/eng/business/top-swiss-regulator-open-to-idea-of-bankers-paying-back-bonuses/49094192
New Finma director Stefan Walter: A suitable candidate for a tough job: The financial market supervisory authority shows this to its doubters ...
nzz.ch/meinung/neuer-finma-direktor-stefan-walter-passender-kandidat-fuer-knochenjob-ld.1775692
UBS Seeks to Sell Loans Credit Suisse Gave to Junk Italian Firms: UBS Group AG is planning to sell its exposure to a portfolio of loans that Credit Suisse made ...
bloomberg.com/news/articles/2023-12-19/ubs-seeks-to-sell-loans-credit-suisse-gave-to-junk-italian-firms
REVEALED: The four 'Swiss' words you really need to know in 2023: As it does each year, the Zurich University of Applied Sciences (ZHAW) released on Tuesday its ...
thelocal.ch/20231128/revealed-the-four-swiss-words-you-really-need-to-know-in-2023
UBS (UBS US) Chair Kelleher Sees Challenging 2024 After `Easy' Cuts Done: Next year will be one of the most difficult in the process of absorbing Credit ...
bloomberg.com/news/articles/2023-11-28/ubs-chair-sees-shares-revalued-after-credit-suisse-fusion-done
MAS imposes civil penalty on Credit Suisse for managers' misconduct: SINGAPORE — The Monetary Authority of Singapore (MAS) has imposed a civil penalty of $3 ...
asiaone.com/money/mas-imposes-civil-penalty-credit-suisse-managers-misconduct
Financial regulator: Singapore fines Credit Suisse for managerial misconduct: Credit Suisse has received a million-dollar fine in Singapore. According to the ...
handelsblatt.com/finanzen/banken-versicherungen/banken/finanzaufsicht-singapur-brummt-credit-suisse-strafe-wegen-manager-fehlverhalten-auf/100004465.html
Swiss financial regulator calls for tougher powers after Credit Suisse collapse: Finma report says it ‘exhausted its options’ in regulating scandal-plagued bank
ft.com/content/d1e1d9ab-6b81-4f24-b276-8da2badd5617
Lessons from the CS debacle: Finma should become more efficient and transparent: Finma enforcement process, too big to fail, big bank regime and resolution ...
nzz.ch/meinung/lehren-aus-dem-cs-debakel-die-finma-sollte-effizienter-und-transparenter-werden-ld.1771230
What do you think about corporate funding for university teaching and research?: Is it right for banks to fund the academic chairs that will train the economists ...
swissinfo.ch/eng/what-do-you-think-about-corporate-funding-for-university-teaching-and-research-/48964976
Singapore to inspect Credit Suisse, others in money-laundering scandal - Bloomberg
reuters.com/business/finance/singapore-inspect-credit-suisse-others-money-laundering-scandal-bloomberg-2023-10-18/
How UBS’s $3.3 billion Credit Suisse deal spawned $9 billion of legal claims: Lawsuits are stacking up against the bank, the Swiss regulator, and the nation of ...
swissinfo.ch/eng/business/how-ubs-s--3.3-billion-credit-suisse-deal-spawned--9-billion-of-legal-claims/48876882
US steps up probe of Credit Suisse and UBS over sanctions breaches: The US Department of Justice has stepped up a probe into Credit Suisse and UBS over suspected ...
swissinfo.ch/eng/business/us-steps-up-probe-of-credit-suisse-and-ubs-over-sanctions-breaches/48845120
UBS pays bumper rates on deposits to repair Credit Suisse outflows -sources: UBS (UBSG.S) is trying to attract customers with above-market rates on deposits ...
reuters.com/business/finance/ubs-pays-bumper-rates-deposits-repair-credit-suisse-outflows-sources-2023-10-04/
Credit Suisse sheds nearly 13% of workforce: Credit Suisse has shed nearly 13% of its workforce in the past 12 months, underlining the turmoil at the bank that ...
reuters.com/business/finance/credit-suisse-sheds-nearly-13-workforce-this-year-2023-09-29/
Credit Suisse ordered to pay Georgian billionaire $743 million: A Credit Suisse unit has been ordered to pay billionaire Bidzina Ivanishvili $742 ...
swissinfo.ch/eng/business/credit-suisse-ordered-to-pay-georgian-billionaire--743-million/48823938
Swiss financial regulator FINMA CEO quits in wake of Credit Suisse collapse: The head of Switzerland's financial watchdog FINMA has resigned nearly six months ...
reuters.com/business/finance/swiss-financial-regulator-finma-ceo-quits-wake-credit-suisse-collapse-2023-09-06/
UBS Reaches Settlement With Mozambique Over Tuna-Bonds: UBS Group AG reached a settlement with Mozambique over Credit Suisse’s role in a ship-financing scandal ...
bloomberg.com/news/articles/2023-10-01/ubs-reaches-settlement-with-mozambique-over-tuna-bond-scandal
Swiss post mortem of Credit Suisse crisis to go back to 2015: Switzerland gave a rare glimpse on Friday into so far highly secretive procedures for its inquiry ...
reuters.com/business/finance/swiss-post-mortem-credit-suisse-crisis-go-back-2015-2023-09-08/
UBS-Credit Suisse Deal Impact Being Reviewed By Swiss Antitrust Watchdog: Switzerland’s competition commission is reviewing the effects of the ...
bloomberg.com/news/articles/2023-08-29/swiss-antitrust-watchdog-reviewing-ubs-credit-suisse-deal-impact
Did the Swiss government do enough to save Credit Suisse?: The Swiss government displayed confusion, dysfunction and mistrust as the Credit Suisse drama span out ...
swissinfo.ch/eng/business/did-the-swiss-government-do-enough-to-save-credit-suisse-/48749750
UBS to Hasten Credit Suisse Integration as $10 Billion Government Backstop Ends: Five months after being pulled into the rescue of Credit Suisse ...
bloomberg.com/news/articles/2023-08-11/ubs-to-accelerate-credit-suisse-integration-as-10-billion-safety-net-ends
Quick Glance: UBS drops $10bn state backstop for Credit Suisse deal
- Bank states that Swiss government's protection from losses is no longer needed
- UBS no longer requires a SFr9bn ($10.3bn) backstop from the Swiss government that was designed to shield the bank from losses following its rescue of Credit Suisse.
- UBS has also terminated a SFr100bn liquidity lifeline offered by the Swiss National Bank at the height of the banking sector turmoil in the spring and after the Credit Suisse takeover.
- UBS is expected to announce its decision over whether it will retain or spin off Credit Suisse's domestic business at its second-quarter results on August 31.
UBS to Cut Hundreds of Wealth Jobs in Asia as Activity Slows: UBS Group AG is cutting hundreds of wealth jobs in Asia just months after completing its takeover ...
bloomberg.com/news/articles/2023-09-11/ubs-to-cut-hundreds-of-wealth-jobs-in-asia-as-activity-slows
UBS agrees to pay $388 million over Credit Suisse’s Archegos failings: Swiss bank UBS has been ordered to pay $388 million (CHF336 million) to British and US ...
swissinfo.ch/eng/business/ubs-agrees-to-pay--388-million-over-credit-suisse-s-archegos-failings/48685372
UBS to Close Credit Suisse Dark Pool Crossfinder in Latest Cuts: UBS Group AG is winding down the electronic-trading platform it inherited from Credit Suisse as ...
bloomberg.com/news/articles/2023-08-02/ubs-to-close-credit-suisse-dark-pool-crossfinder-in-latest-cuts
Singapore Seizes Alleged Launderer’s Millions in Swiss Banks: Singapore police seized S$125 million ($92 million) from a suspected money launderer’s accounts ...
bloomberg.com/news/articles/2023-09-06/singapore-seize-millions-in-credit-suisse-julius-baer-accounts
Credit Suisse inquiry will keep files secret for 50 years, paper reports: A parliamentary investigation into the collapse of Credit Suisse will keep its files ...
reuters.com/business/finance/credit-suisse-inquiry-will-keep-files-secret-50-years-paper-2023-07-15/
Swiss parliament starts Credit Suisse takeover probe: Switzerland's parliament on Thursday kicked off its probe into the government-orchestrated takeover of ...
thelocal.ch/20230714/swiss-parliament-starts-credit-suisse-takeover-probe
Saudi National Bank was denied taking 40% Credit Suisse stake, Blick reports: Saudi National Bank wanted to increase its stake in Credit Suisse to around 40% ...
reuters.com/markets/deals/saudi-national-bank-was-denied-taking-40-credit-suisse-stake-report-2023-07-09/
Quick Glance: Saudi National Bank Fails to Acquire 40% Stake in Credit Suisse
- Saudi National Bank planned to increase its stake in Credit Suisse from 9.88% to approximately 40%, but was prevented from doing so by the Swiss regulatory authority FINMA.
- UBS secured Credit Suisse at a bargain price of three billion Swiss francs ($3.4 billion) to prevent the imminent collapse of Switzerland's second-largest bank.
- Approval from FINMA is required for a foreign investor to acquire a stake of more than 10% in a major Swiss bank.
- The transaction resulted in Saudi National Bank's stake in Credit Suisse being converted to just 0.5% of UBS.
Swiss regulator probes ex-Credit Suisse CEO: media report: Swiss financial regulator reportedly investigates ex-Credit Suisse CEO Thomas Gottstein for his role ...
swissinfo.ch/eng/business/swiss-regulator-probes-ex-credit-suisse-ceo--media-report/48636256
Three former Credit Suisse CEOs blamed for excessive risk-taking in bondholder suit
reuters.com/legal/three-former-credit-suisse-ceos-accused-excessive-risk-taking-court-filing-2023-06-22/
UBS faces big penalty over Credit Suisse's Archegos failings, Financial Times reports
reuters.com/business/finance/ubs-faces-big-penalty-over-credit-suisses-archegos-failings-ft-2023-06-19/
Swiss parliamentary investigation into Credit Suisse collapse gets under way: The investigation, which is being led by 14 lawmakers from Switzerland’s upper and ...
theglobeandmail.com/business/international-business/article-swiss-parliamentary-investigation-into-credit-suisse-collapse-gets/
Why didn't Finma step in sooner at CS?: The regulator failed to stop the ever-faster disintegration of the big bank, despite working its tail off for years ...
nzz.ch/wirtschaft/beisshemmung-miserable-kommunikation-falsches-personal-warum-ist-die-finma-an-der-credit-suisse-gescheitert-ld.1740286
Finma: it let Credit Suisse have its way until it was too late: The fixation of financial market supervisors on regulatory ratios and bureaucratic procedures has ...
nzz.ch/meinung/die-finma-hat-es-verpasst-die-exzessive-risikokultur-der-credit-suisse-einzudaemmen-die-aufsicht-muss-mehr-koennen-als-kennzahlen-herunterbeten-ld.1742551
Swiss regulator probes ex-Credit Suisse CEO: Report: Switzerland’s financial regulator is investigating Thomas Gottstein, the former CEO of Credit Suisse ...
english.alarabiya.net/business/banking-and-finance/2023/07/02/Swiss-regulator-probes-ex-Credit-Suisse-CEO-Report
Parliament names 14-head commission to probe Credit Suisse crash: Switzerland’s parliament has announced the 14 members of a special commission that will look ...
swissinfo.ch/eng/politics/swiss-parliament-names-14-member-commission-to-probe-credit-suisse-crash/48590702
UBS Completes Credit Suisse Takeover to Create Bank Titan: UBS Group AG completed the acquisition of former rival Credit Suisse Group AG, sealing the biggest ...
bloomberg.com/news/articles/2023-06-12/ubs-completes-credit-suisse-takeover-to-create-swiss-bank-titan
Quick Glance: Swiss Parliament to Investigate UBS Takeover of Credit Suisse
- Switzerland's parliament will investigate the government-orchestrated takeover of Credit Suisse by larger rival UBS.
- The commission will examine the legality, opportunity, and effectiveness of Swiss authorities' activities in the takeover.
- The merger of Credit Suisse into UBS, which should be finalized on Jun 12, raises serious concerns in Switzerland around jobs, competition, and the size of the resulting bank relative to the Swiss economy.
Swiss parliament greenlights investigation into Credit Suisse crash: Switzerland's parliament has formally agreed to establish a parliamentary commission (PUK) ...
reuters.com/business/finance/swiss-parliament-greenlights-investigation-into-credit-suisse-crash-2023-06-08/
Swiss parliament greenlights investigation into Credit Suisse crash: Switzerland's parliament has formally agreed to establish a parliamentary commission (PUK) ...
reuters.com/business/finance/swiss-parliament-greenlights-investigation-into-credit-suisse-crash-2023-06-08/
Georgian billionaire wins $926 million from Credit Suisse after fraud: Credit Suisse (CSGN.S) was ordered to pay $926 million to Georgia's former prime minister ...
reuters.com/world/europe/credit-suisse-ordered-pay-926-million-georgia-prime-minister-case-2023-05-26/
Credit Suisse staff prepare to sue Swiss regulator over lost AT1 bonuses-FT: Credit Suisse AG (CSGN.S) staff are preparing to sue the Swiss financial regulator ...
reuters.com/business/finance/credit-suisse-staff-prepare-sue-swiss-regulator-over-lost-at1-bonuses-ft-2023-05-22/
Credit Suisse withdraws attempt to protect staff bonuses: Over $400mn in deferred pay was wiped out after a state-orchestrated rescue by UBS
ft.com/content/e7a2582f-77b5-4e14-9113-e474b2e84a53
Paid articlePaid Credit Suisse privately challenged Finma’s AT1 writedown : Swiss bank contested regulator’s justification for wiping out $17bn of bonds
ft.com/content/fbf3f385-1c4a-48fc-a7a0-d7ae998637dd
Paid articlePaid UBS Sees $35 Billion Gain on Credit Suisse, Warns of Legal Costs: UBS Group AG, offering more clues to investors on how its emergency takeover of Credit Suisse ...
bloomberg.com/news/articles/2023-05-16/ubs-sees-multibillion-gain-on-credit-suisse-but-legal-costs-too
Quick Glance: UBS Expects $35 Billion Gain from Credit Suisse Takeover
- UBS warns of potential legal and regulatory costs from the takeover of Credit Suisse
- Estimates suggest up to $4 billion may be deducted from capital over the next 12 months due to litigation, regulatory matters, and related liabilities
Libor Scandals, Credit Suisse and the Value of Transparency: Financial authorities need to be accountable for their actions.
bloomberg.com/opinion/articles/2023-05-31/libor-scandals-credit-suisse-and-the-value-of-transparency
Pimco Weighs Joining Investors Suing Over Credit Suisse Wipeout: Pacific Investment Management Co. is considering joining hundreds of investors in challenging ...
bloomberg.com/news/articles/2023-05-25/pimco-weighs-joining-investors-suing-over-credit-suisse-wipeout
Swiss National Bank calls for new measures after Credit Suisse crash: The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons from the ...
reuters.com/business/finance/swiss-national-bank-says-new-measures-needed-after-credit-suisse-crash-2023-06-22/
Quick Glance: Swiss National Bank calls for more resilience following Credit Suisse crisis
- The Swiss National Bank (SNB) stresses the need to draw important lessons from the crisis that led to the takeover of Credit Suisse by UBS.
- Measures are required to strengthen banks' resilience.
- Banks' resilience must be strengthened to avoid loss of confidence and ensure effective options to stabilize, recover or wind down systemically important banks in times of crisis.
- On Thursday, the SNB published its Financial Stability Report 2023, which highlights that compliance with capital requirements is necessary but insufficient to ensure trust in a bank.
EU approves UBS deal to take over Credit Suisse: The European Commission has approved the UBS takeover of Credit Suisse after regulators said it wouldn't raise ...
swissinfo.ch/eng/business/eu-approves-ubs-deal-to-take-over-credit-suisse/48543388
Pimco Weighs Joining Investors Suing Over Credit Suisse Wipeout: Pacific Investment Management Co. is considering joining hundreds of investors in challenging ...
bloomberg.com/news/articles/2023-05-25/pimco-weighs-joining-investors-suing-over-credit-suisse-wipeout
Credit Suisse bondholders sue Swiss regulator over bond wipe-out: Credit Suisse Group bondholders have filed a lawsuit against Switzerland’s banking regulator ...
swissinfo.ch/eng/business/credit-suisse-bondholders-sue-swiss-regulator-over-bond-wipe-out/48452232
Credit Suisse AT1 bond ‘rip-off’ could cost Swiss taxpayer: The Swiss courts must decide if the Credit Suisse AT1 bond write-off was illegal - and, if so ...
swissinfo.ch/eng/business/credit-suisse-at1-bond--rip-off--could-cost-swiss-taxpayer/48575624
Swiss regulator aims to draw lessons from Credit Suisse debacle: Switzerland's banking regulator said Wednesday it would draw lessons from the meltdown of ...
thelocal.ch/20230426/swiss-regulator-aims-to-draw-lessons-from-credit-suisse-debacle
UBS hires Barclays executives to beef up investment banking in U.S.: UBS Group (UBSG.S) said on Monday it had hired three executives from Barclays Plc (BARC ...
reuters.com/business/finance/ubs-hires-barclays-executives-beef-up-investment-banking-us-2023-04-24/
Bank regulator sees growing concerns in real estate even as credit quality holds: Canada's bank regulator says it is preparing for strain in the housing market ...
ctvnews.ca/business/bank-regulator-sees-growing-concerns-in-real-estate-even-as-credit-quality-holds-1.6360513
Retail investors flock to join Credit Suisse bondholder lawsuit: Switzerland's financial regulator had ordered the wipeout of the bank’s subordinated bonds as ...
swissinfo.ch/eng/business/retail-investors-flock-to-join-credit-suisse-bondholder-lawsuit/48471648
Swiss cut up to $66M in bonuses for top Credit Suisse execs: The Swiss government says it's ordered cuts to the bonuses of top executives of Credit Suisse ...
ctvnews.ca/business/swiss-cut-up-to-66m-in-bonuses-for-top-credit-suisse-execs-1.6345269
Analysis: Emergency Credit Suisse rescue shakes faith in Switzerland: Switzerland's tradition of dependable consensus politics has taken a battering after the ...
reuters.com/business/finance/emergency-credit-suisse-rescue-shakes-faith-switzerland-2023-04-14/
This is what the top team of the new UBS could look like: After the takeover by UBS, Credit Suisse executives are in bad shape when it comes to filling top jobs.
handelszeitung.ch/banking/die-neue-grossbank-nimmt-form-an-so-konnte-das-spitzenteam-der-kunftigen-ubs-aussehen-589578
Paid articlePaidQuick Glance: The fate of CS dominated the UBS AGM as well.
- The major topic of conversation, though, was the future - particularly the Credit Suisse takeover.
- He is making way for Sergio Ermotti, who will run the bank following the CS takeover.
- The takeover of CS was also the major topic among shareholders.
- At the AGM, some shareholders voiced worry that UBS was taking on new risks by acquiring CS.
Expert group to study role of banks in Switzerland: The Swiss finance ministry has set up an expert group to study the role of banks and too-big-to-fail ...
swissinfo.ch/eng/business/expert-group-to-study-role-of-banks-in-switzerland/48520086
Achieve targets under financial inclusion plans: Finance ministry to PSBs: "Banks were advised to leverage their banking correspondents network for outreach and ...
business-standard.com/industry/banking/finmin-exhorts-psbs-to-achieve-targets-under-financial-inclusion-schemes-123041301150_1.html
Paid articlePaid
Few would have predicted that the demise of Silicon Valley Bank, a niche Californian lender, would be followed by the failure of Credit Suisse ... Show more
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics