Tag: UBS
Posted in Business
Over $68 billion withdrawn from Swiss’ Credit Suisse ahead of UBS merger
Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank’s earnings report showed Monday, providing clues to the…
Posted in Europe News
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…
Posted in UK News
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…
Posted in Business
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….
Posted in Business
This Swiss investment bank cut employee bonus by 10%, gave CEO $13 million boost
UBS Group AG cut bonuses for last year by 10% after its dealmakers saw revenue erode by a slump in mergers and capital raisings. Chief…