Tag: credit suisse
UBS to cut more than half of workforce at Credit Suisse: Report
Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse — more than half its workforce — as part of the emergency rescue…
Over $68 billion withdrawn from Swiss’ Credit Suisse ahead of UBS merger
Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank’s earnings report showed Monday, providing clues to the…
Credit Suisse accused of obstructing probe into Nazi accounts investigation
Credit Suisse Group AG was accused by US lawmakers of impeding an investigation into its historical assistance to Nazis that had revealed a number of…
Credit Suisse rescue package rejected by Swiss parliament
Switzerland’s parliament rejected on Wednesday the government’s 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse’s merger with UBS, leaving the fallen bank’s hastily…
‘I apologize,’ Credit Suisse chairman admits failure to shareholders
The chairman of Credit Suisse apologized Tuesday to shareholders for failures of the once-venerable bank and acknowledged the shock and anger felt as the troubled…
Asian Development Bank: India’s growth to moderate to 6.4 pc in FY24 : ADB
The Asian Development Bank on Tuesday said India‘s economic growth is expected to moderate to 6.4 per cent in the current financial year due to…
Credit Suisse: Swiss prosecutors probe Credit Suisse ahead of UBS takeover
GENEVA: The Swiss attorney general’s office says it has opened a probe into the events surrounding embattled bank Credit Suisse, which is to be taken…
UBS-Credit Suisse merger anticipated to cause over 30,000 jobs loss
The merger between banks Credit Suisse and UBS could see up to 36,000 jobs being cut across the world, the SonntagsZeitung weekly reported on Sunday….
Bank of England says it is on alert after turmoil in banking sector
LONDON: Top Bank of England officials said on Tuesday the central bank was on alert amid global turmoil in the banking sector but they also…
Nestle to examine banking relationships following Credit Suisse downfall
Nestle will examine its banking relationships following the planned takeover of Credit Suisse by UBS, the food group’s Chief Executive Mark Schneider said on Tuesday….