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Banks Reducing Ultra-Long Mortgages, Canada Watchdog Says: The rapid run-up in mortgages during the pandemic represents a “pocket of risk” to the financial ...
bloomberg.com/news/articles/2024-03-26/banks-reducing-ultra-long-mortgages-canada-watchdog-says
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UBS still reviewing risk of misstatement in Credit Suisse's books: UBS said it is still reviewing potential misstatements in Credit Suisse's financial reports ...
reuters.com/business/finance/ubs-still-reviewing-risk-misstatement-credit-suisses-books-2024-03-28/
UBS sells $8 billion of Credit Suisse assets to Apollo: UBS has sealed the sale of Credit Suisse's securitised products business to Apollo Global Management as ...
reuters.com/markets/deals/ubs-sells-8-bln-credit-suisse-assets-apollo-2024-03-27/
Does Switzerland need a huge global bank?: A debate is raging on the pros and cons of a giant global bank based in Switzerland.
swissinfo.ch/eng/banking-fintech/does-switzerland-need-a-huge-global-bank/73859521
UBS's Ermotti open to staying on to oversee Credit Suisse integration: UBS Chief Executive Officer Sergio Ermotti is open to extending his time at the helm of ...
reuters.com/business/finance/ubss-ermotti-open-staying-oversee-credit-suisse-integration-2024-03-28/
Quick Glance: UBS Chief Salary: Ermotti Receives 14.4 Million Swiss Francs
- Sergio Ermotti earned 14.4 million Swiss Francs as UBS Chief in nine months, with a base salary of 2.1 million and a variable part of 12.3 million.
- The entire UBS board received a total of 140.3 million Swiss Francs in 2023, compared to 106.9 million Swiss Francs the previous year.
- UBS adjusted its net profit to 27.8 billion US dollars, due to a slightly lower negative goodwill after acquiring Credit Suisse.
- UBS's CET1 capital ratio was 14.4 percent at the end of 2023, compared to 14.5 percent in early February.
Credit Suisse Fund Lost 22% for Investors Amid Real Estate Shock: Credit Suisse’s flagship real estate fund incurred deep losses for its investors last year as ...
bloomberg.com/news/articles/2024-03-20/credit-suisse-s-ailing-property-fund-returned-22-in-2023
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Canada Provinces Set to Borrow C$130 Billion This Year as Deficits Rise: Canadian provinces are set to issue more debt than they did last year as they look to ...
bloomberg.com/news/articles/2024-03-20/canadian-provinces-to-borrow-22-more-this-year-as-deficits-rise
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🔊 On @Breakingviews: Credit Suisse and a string of US regional banks failed last year. Stanford Professor Anat Admati tells Liam Proud that lenders’ equity ...
reut.rs/49ekNqd
UBS Cuts Bonus 2023 Pool by 14% After Credit Suisse Deal, Trading Slowdown: UBS Group AG cut its bonus pool for last year by 14% after a tougher year for ...
bloomberg.com/news/articles/2024-03-28/ubs-cuts-bonus-2023-pool-by-14-after-deal-trading-slowdown
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‘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
UBS looks to keep, grow shipping loans in post-merger green overhaul: UBS will look to increase lending to the shipping sector and run off some loans to fossil ...
reut.rs/3IVtDOR
Synctera is the latest banking-as-a-service startup to lay off staff: Banking-as-a-service startup (BaaS) Synctera has conducted a restructuring that has ...
techcrunch.com/2024/03/26/baas-startup-synctera-layoffs-fintech/
Viewsroom: Bank crises proved a mixed blessing for rivals on Apple Podcasts: Show Viewsroom, Ep Bank crises proved a mixed blessing for rivals - 21 Mar 2024
reut.rs/4arf15H
Can UBS become Europe’s Morgan Stanley?: A year on from its rescue of Credit Suisse, the Swiss banking behemoth must make a success of its wealth business.
swissinfo.ch/eng/banking-fintech/can-ubs-become-europes-morgan-stanley/73852897
SNB Says Review of UBS Capital Needed After Credit Suisse Takeover: Swiss regulators should re-examine the capital requirements placed on UBS Group AG in the ...
bloomberg.com/news/articles/2024-03-19/snb-says-review-of-ubs-capital-needed-due-to-increased-scale
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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/
Swiss bank UBS targets US deals, says chairman: Swiss banking giant UBS will look for merger and acquisitions opportunities in the United States in the next few ...
reuters.com/markets/deals/swiss-bank-ubs-targets-us-deals-says-chairman-2024-03-17/
Quick Glance: UBS plans mergers and acquisitions to expand US operations
- The Swiss bank UBS aims to expand its wealth management business in the US through potential M&A.
- Kelleher opposes higher capital requirements for UBS, citing negative impacts on shareholders and customers.
- The merger with Credit Suisse brought former CEO Sergio Ermotti back for a second term.
- Kelleher prefers a successor for Ermotti to come from within UBS.
A year on from Credit Suisse's rescue, banks remain vulnerable
reuters.com/markets/europe/year-credit-suisses-rescue-banks-remain-vulnerable-2024-03-15/
Credit Suisse carcass feeds many hungry mouths: The beasts of the investment banking jungle have feasted on Credit Suisse’s carcass. In the year since the Swiss ...
reut.rs/3TB55Rh
European banks' bumpy recovery a year after Credit Suisse collapse: A year ago Credit Suisse was teetering on the brink of collapse, a scare that sent European ...
reut.rs/3PHabJJ
Swiss lower house backs plan to claw back pay from rescued banks: Switzerland's lower house of parliament late on Wednesday clearly passed a motion to make ...
reuters.com/world/europe/swiss-lower-house-backs-plan-claw-back-pay-rescued-banks-2024-03-14/
Quick Glance: Swiss Lower House Approves Recovery Plan for Pay from Rescued Banks
- Switzerland's lower house of parliament unanimously passed a motion requiring senior management of a major bank to return half of their income from the previous decade if the bank has to be rescued with public funds.
- The motion, still to be debated in the upper house, was adopted a year after Switzerland provided billions of dollars in emergency liquidity for ailing Swiss bank Credit Suisse before it was acquired by UBS.
- According to the motion, top managers of a systemically relevant bank rescued by the government should reimburse 50% of their regular pay and bonuses from the past 10 years.
- The motion, introduced by a politician from the right-wing Swiss People's Party (SVP), specifically mentioned the 2023 Credit Suisse case and the 2008 rescue of UBS during the global financial crisis.
National Bank of Canada weighs sale of Cambodian unit, Bloomberg News reports: National Bank of Canada is exploring options for its Cambodian unit ABA Bank ...
reuters.com/markets/deals/national-bank-canada-weighs-sale-cambodian-unit-bloomberg-news-reports-2024-03-12/
Switzerland Today: Swiss media outlets and financial analysts reflect on the demise of Credit Suisse one year after the UBS takeover announcement.
swissinfo.ch/eng/swiss-abroad/switzerland-today/73909702
UBS to Shut Thousands of Smaller Credit Suisse Accounts in Asia: UBS Group AG is planning to shut smaller-value Credit Suisse accounts numbering in the low ...
bloomberg.com/news/articles/2024-03-21/ubs-to-shut-thousands-of-smaller-credit-suisse-accounts-in-asia
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European banks' bumpy recovery a year after Credit Suisse collapse: A year ago Credit Suisse was teetering on the brink of collapse, a scare that sent European ...
reuters.com/business/european-banks-bumpy-recovery-year-after-credit-suisse-collapse-2024-03-13/
UBS's rescue of Credit Suisse has created new risks for Switzerland, OECD says: UBS's rescue takeover of Credit Suisse a year ago has created "new risks and ...
reuters.com/markets/deals/ubss-rescue-credit-suisse-has-created-new-risks-switzerland-oecd-says-2024-03-14/
Lucia Waldner Hired to Manage Opel Family’s Hansa, GVO Asset Management: A former Credit Suisse executive will oversee investment firms for one of Europe’s ...
bloomberg.com/news/articles/2024-03-11/ex-credit-suisse-executive-hired-to-manage-auto-dynasty-s-wealth
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Ex-Credit Suisse CEO Signals He’ll Run for Ivory Coast President: Former Credit Suisse Chief Executive Officer Tidjane Thiam signaled his intention to run for ...
bloomberg.com/news/articles/2024-03-11/ex-credit-suisse-ceo-signals-he-ll-run-for-ivory-coast-president
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Banks: Swiss central bank apparently wants to make it easier for banks to access liquidity
handelsblatt.com/finanzen/banken-versicherungen/banken/banken-schweizer-notenbank-will-offenbar-banken-zugang-zu-liquiditaet-erleichtern/100025315.html
Credit Suisse: Why the bank collapsed like a house of cards: Finma contributed to CS becoming a kind of pyramid scheme. And Ueli Maurer also played a role in the ...
tagesanzeiger.ch/credit-suisse-warum-die-bank-wie-ein-kartenhaus-zusammenbrach-758172774935
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Credit Suisse: The missing plan B. CS didn't have to end like this: Research by the NZZ shows how unprepared the CS leadership fell into the abyss ...
nzz.ch/wirtschaft/credit-suisse-der-fehlende-plan-b-so-haette-die-cs-nicht-enden-muessen-ld.1821692
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Banks: Financial market regulator plans two stress tests at UBS in 2024: The Swiss financial market regulator Finma wants to take a closer look at the major bank ...
handelsblatt.com/finanzen/banken-versicherungen/banken/banken-finanzmarktaufsicht-plant-bei-ubs-2024-zwei-stresstests/100025940.html
The 2025 BMW M2 CS Testing in Sweden’s Winter Wonderland: Discover the 2025 BMW M2 CS: a winter-tested beast with a ducktail spoiler & 522hp ...
bmwblog.com/2024/03/12/bmw-m2-cs-rwd-winter-testing/
UBS and CS are closing 7 branches in Central Switzerland: The major merged bank is not withdrawing from any central Swiss municipality, but a total of seven ...
luzernerzeitung.ch/wirtschaft/zentralschweiz/bankenfusion-ubs-oder-credit-suisse-jetzt-steht-fest-welche-zentralschweizer-filialen-geschlossen-werden-ld.2596872
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Monetary policy turnaround: Swiss central bank rushes forward with interest rate cuts
faz.net/aktuell/wirtschaft/leitzinssenkung-durch-die-schweizerische-nationalbank-19601902.html
Quick Glance: Swiss National Bank Surprises with Rate Cut
- The Swiss National Bank cut its main interest rate by 25 basis points to 1.50%, becoming the first major central bank to ease tighter monetary policy aimed at tackling inflation.
- The franc dropped following the decision, boosting the euro to its highest level against the Swiss currency since mid-July last year, with Swiss government bond yields also falling.
- Experts like Karsten Junius and Alexander Koch highlighted the significance of the rate cut due to low inflation rates and the strong franc, with expectations for more rate cuts.
- The decision was widely perceived as a surprise, leading to speculation about further rate cuts in June and September, as inflation forecasts were substantially revised downwards.
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
UBS to sell $8bn of loans to Apollo: Deal follows move by Swiss bank to renegotiate terms of original sale of a business owned by Credit Suisse
ft.com/content/ec1d685b-52ea-43de-af92-6c399f35ebc0
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From Credit Suisse to Signa - where the Saudi sovereign wealth fund is involved: It is quite possible that we will hear a lot more about the Saudi sovereign ...
nzz.ch/wirtschaft/von-credit-suisse-bis-signa-was-hinter-den-vielen-engagements-des-saudischen-staatsfonds-steckt-ld.1821193
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SLO Food: After the CS bankruptcy - the next banking crisis is definitely coming: What kind of financial center do we want? Those who are liable also want ...
bzbasel.ch/basel/baselland/slo-food-nach-der-cs-pleite-die-naechste-bankenkrise-kommt-bestimmt-ld.2598609
Netherlands Floats Ending AT1s After Credit Suisse Upheaval: The Dutch government has floated the idea of abolishing a risky type of bank bonds after the asset ...
bloomberg.com/news/articles/2024-03-20/dutch-ministry-studies-at1-abolition-after-credit-suisse-shock
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News for the canton of Solothurn on Wednesday, March 20, 2024: Here you will find an overview of all the important news and the best articles for today.
oltnertagblatt.ch/solothurn/kanton-solothurn/start-in-den-tag-kopie-von-auf-einen-blick-das-ist-im-kanton-solothurn-heute-freitag-wichtig-ld.2596512
SNB Says Banks Need Better Liquidity, Loss Absorption Plans: The Credit Suisse crisis showed that Swiss banks need to plan better for emergency situations in ...
bloomberg.com/news/articles/2024-03-21/snb-says-banks-need-better-liquidity-loss-absorption-plans
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The lessons from Europe’s banking drama: One year on, the message from the market attack on Deutsche Bank is that nonsense on the internet matters
ft.com/content/a96d90d5-5710-4c73-bcb0-2e9c1d3e1dd4
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Zurich: What UBS plans to do with the CS headquarters on Paradeplatz: 4,000 jobs are to be concentrated around the Paradeplatz. Mining takes place in the ...
nzz.ch/zuerich/am-zuercher-paradeplatz-entsteht-ein-finanzcampus-die-ubs-will-den-frueheren-hauptsitz-der-credit-suisse-selbst-nutzen-ld.1822783
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SpiceJet clears all outstanding dues: Credit Suisse tells Supreme Court: Credit Suisse and SpiceJet have been entangled in a legal conflict since 2015 over ...
business-standard.com/companies/news/spicejet-clears-all-outstanding-dues-credit-suisse-tells-supreme-court-124032200959_1.html
After the end of Credit Suisse: Finma is preparing to control the new super UBS - Zofinger Tagblatt
zofingertagblatt.ch/finma-pk/
Comment: A dangerous banking monster has emerged in Switzerland: A year ago, the Swiss UBS took over Credit Suisse, perhaps preventing a new financial crisis ...
sueddeutsche.de/wirtschaft/schweiz-banken-ubs-credit-suisse-1.6468812
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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
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79' Double substitution at GC: Batista Meier and Ndenge out. Meyer and Babunski in.
_____Credit Suisse Super League, 28th roundGrasshopper Club Zurich - FC ...
UBS Market Cap Surpasses $100 Billion, One Year After Credit Suisse Takeover: On the first anniversary of UBS Group AG’s historic takeover of its former rival ...
bloomberg.com/news/articles/2024-03-18/ubs-powers-past-100-billion-one-year-after-credit-suisse-shock
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End of Credit Suisse: What has Switzerland learned? Where can you see the big bank UBS?
nzz.ch/meinung/ein-jahr-nach-dem-ende-der-credit-suisse-stellt-sich-die-frage-wie-die-schweiz-mit-ihrer-einzigen-grossbank-umgehen-will-ld.1821627
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Credit Suisse or UBS? It is now clear which Aargau branches will be closed - Zofinger Tagblatt
zofingertagblatt.ch/bankfusion-diese-cs-und-ubs-filialen-werden-geschlossen-diese-bleiben-wir-wollen-die-kunden-zurueckgewinnen/
Quick Glance: UBS and CS branches in Aargau: Locations and Closures
- The UBS and Credit Suisse merger impacts Aargau branches.
- Double location branches will be merged, no branches will be closed.
- Criteria for decisions included ownership, branch size, and staff retention.
- Banks aim to regain customers and retain all customer advisors.
Brugg: What does the move from UBS to Credit Suisse mean for the city?: Brugg would like to buy the bank building at Hauptstrasse 1 and the commercial building ...
aargauerzeitung.ch/aargau/brugg/brugg-zentralisierte-verwaltung-was-bedeutet-der-umzug-der-ubs-zur-cs-fuer-die-stadt-ld.2596091
City of Solothurn: The vacant Credit Suisse bank building awakens dreams: UBS will close Credit Suisse on Wengistrasse in Solothurn. A message that raises a ...
solothurnerzeitung.ch/solothurn/stadt-solothurn/wengistrasse-ich-habe-sofort-an-ein-hotel-gedacht-das-freiwerdende-bankgebaeude-der-credit-suisse-in-solothurn-weckt-traeume-ld.2596217
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UBS takes over Credit Suisse: now too big to fail?: The Federal Council will soon present its proposals for future UBS regulation. The stay of a major global ...
nzz.ch/wirtschaft/ubs-uebernimmt-credit-suisse-jetzt-erst-recht-too-big-zu-fail-ld.1822393
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Credit Suisse: Great greed led to downfall: The bank's fate was sealed a year ago. But the decline began before that. Managers and shareholders helped each other ...
tagesanzeiger.ch/credit-suisse-die-grosse-gier-fuehrte-zum-untergang-100967436111
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Credit Suisse’s Former APAC CEO Edwin Low Joins Buyout Firm GIP: Edwin Low, Credit Suisse’s former chief executive officer for the Asia Pacific region ...
bloomberg.com/news/articles/2024-03-15/credit-suisse-s-former-apac-head-edwin-low-joins-buyout-firm-gip
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Solothurn banks are doing well - Is this due to the downfall of CS?: A year ago, the Swiss banking center was rocked by the collapse of Credit Suisse ...
solothurnerzeitung.ch/solothurn/kanton-solothurn/banken-ein-jahr-nach-cs-uebernahme-solothurner-banken-profitieren-so-richtig-zugeben-moechte-das-aber-niemand-ld.2594317
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Credit Suisse: The unnecessary downfall (2/2) - Podcast: NZZ Accent: UBS President Colm Kelleher announced in March 2023 that UBS would take over CS ...
nzz.ch/podcast/credit-suisse-der-unnoetige-untergang-2-podcast-nzz-akzent-ld.1822360
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KEY DATA: GCZ VS. SG: In the 28th round of the Credit Suisse Super League there will be an encounter between GC Zurich and FC St.Gallen 1879 ...
gcz.ch/news/artikel/1/eckdaten-gcz-vs-sg-2/
News from the financial center: The children of Metzler boss Gerhard Wiesheu are making careers in Japan
faz.net/aktuell/finanzen/neues-vom-finanzplatz-die-kinder-von-metzler-chef-gerhard-wiesheu-machen-in-japan-karriere-19589543.html
Ex-Credit Suisse Client Arrested in 35-Year Tax Scheme, US Says: A Brazilian-American businessman who lives in Florida was charged with using Credit Suisse Group ...
bloomberg.com/news/articles/2024-03-11/ex-credit-suisse-client-arrested-in-35-year-tax-scheme-us-says
Credit Suisse: The unnecessary downfall (1/2) - Podcast: NZZ Accent: Exactly a year ago, the once proud major bank Credit Suisse was dying. Today it is clear: ...
nzz.ch/podcast/credit-suisse-der-unnoetige-untergang-1-podcast-nzz-akzent-ld.1821924
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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/
Justin Reynolds at FC Lugano: After the arrival of the Polish Kacper Przybylko, FC Lugano completed another signing from Chicago Fire FC ...
fclugano.com/justin-reynolds-allfc-lugano/
Suspicion of fraud at Bank Now: CS subsidiary closes branches: Because they are said to have manipulated loan applications for customers, several Bank Now ...
nzz.ch/wirtschaft/betrugsverdacht-bei-der-bank-now-die-credit-suisse-tochter-schliesst-filialen-ld.1821844
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What happened to the protagonists of the CS emergency takeover?: Credit Suisse is history, but some of its management staff is still there - and holds some of ...
handelszeitung.ch/banking/was-aus-den-protagonisten-der-cs-notubernahme-geworden-ist-692497
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Credit Suisse: Who is to blame for the CS debacle?: Walter Kielholz, Tidjane Thiam, Brady Dougan, David Mathers and Urs Rohner are part of a team of managers ...
nzz.ch/wirtschaft/credit-suisse-wer-ist-schuld-am-cs-debakel-ld.1820963
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1' The game starts on the Schützenwiese. Hop GC!
_____Credit Suisse Super League, 27th round#wingcz 0:0*
Live ticker+radio: rb.gy/b7fatc Show more
CIBC Sees Government of Canada Bond Issuance Rising 22%: Justin Trudeau’s government will end up tapping the bond market for around C$250 billion ($186 billion) ...
bloomberg.com/news/articles/2024-03-13/cibc-sees-government-of-canada-bond-issuance-rising-22
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Commerzbank: A “huge opportunity”: Commerzbank aims for growth in the Swiss corporate customer market, focusing on trade financing.
deraktionaer.de/artikel/aktien/commerzbank-eine-riesengelegenheit-20352643.html
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
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US regional banks, the weakest link a year after the fall of Silicon Valley Bank: Concerns have shifted to exposure to commercial real estate credit ...
english.elpais.com/economy-and-business/2024-03-11/us-regional-banks-the-weakest-link-a-year-after-the-fall-of-silicon-valley-bank.html
Aymo Brunetti: “Switzerland doesn’t need a big bank”: One year after the CS debacle, it is clear to economics professor Aymo Brunetti: A UBS bankruptcy would ...
derbund.ch/aymo-brunetti-die-schweiz-braucht-keine-grossbank-503286583639
News from the financial center: Josef Ackermann takes stock: The former Deutsche Bank boss presents his autobiography, DWP Bank is parting ways with two board ...
faz.net/aktuell/finanzen/josef-ackermann-veroeffentlicht-autobiographie-mein-weg-19572933.html
Major Swiss bank UBS begins closing 85 branches: The closures as a result of the Credit Suisse takeover affected places where the two banks had branches in close ...
diepresse.com/18254172/schweizer-grossbank-ubs-beginnt-mit-schliessung-von-85-filialen
2025 BMW M2 CS G87 Spied Having Fun In The Snow: Caught testing in a winter wonderland in northern Sweden, the 2025 BMW M2 CS was not shy to show off a ducktail ...
bmwblog.com/2024/03/08/2025-bmw-m2-cs-g87-spy-shots/
Dispute in the Advisory Council: Scientists should disclose conflicts of interest
faz.net/aktuell/wirtschaft/streit-im-sachverstaendigenrat-wissenschaftler-sollten-interessenkonflikte-offenlegen-19568237.html
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Bank of Montreal, CIBC and Scotiabank CEOs Missed Bonus Targets in Rocky 2023: The top executives at three of Canada’s biggest banks took home less than their ...
bloomberg.com/news/articles/2024-03-07/bank-of-montreal-cibc-and-scotiabank-ceos-missed-bonus-targets-in-rocky-2023
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KEY DATA: WIN VS. GCZ: In the 27th round of the Credit Suisse Super League there will be a meeting between GC Zurich and FC Winterthur ...
gcz.ch/news/artikel/1/eckdaten-win-vs-gcz-2/
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