More news on this subject
Previous
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/
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
Paid articlePaid
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 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
Paid articlePaid
🔊 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
‘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
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
Paid articlePaid
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.
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
Paid articlePaid
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
Paid articlePaid
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
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
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
Paid articlePaid
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
Paid articlePaid
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
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
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
Paid articlePaid
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 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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Paid articlePaid
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
Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics