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UBS Group AG
Credit Suisse crisis
Operations for UBS and Credit Suisse’s Singapore entities to continue without interruption: MAS
The takeover of Credit Suisse ends the lender’s 167-year independent existence.
June 12, 2023
Credit Suisse crisis
UBS completes Credit Suisse takeover to create bank titan
UBS has said it plans to cut risk at the investment bank and take control of the business Credit Suisse employees do with clients.
June 12, 2023
Credit Suisse crisis
UBS's acquisition of Credit Suisse to be completed as early as June 12
The acquisition was first announced on March 19 when UBS offered to buy Credit Suisse for up to US$1 billion.
June 05, 2023
Credit Suisse crisis
Swiss weighed Credit Suisse bankruptcy before choosing UBS
Finma's Amstad rejected the suggestion that Finma didn’t intervene early or aggressively enough to tackle Credit Suisse’s problems
April 05, 2023
Credit Suisse crisis
Credit Suisse integration will take up to four years: UBS update
In a separate presentation, UBS vice chairman Lukas Gahwiler said that “great uncertainty” will remain until the deal’s closed.
April 05, 2023
Credit Suisse crisis
UBS may cut workforce by up to 36,000 jobs worldwide after Credit Suisse takeover
The two lenders together employed almost 125,000 people at the end of last year.
April 02, 2023
Credit Suisse crisis
UBS brings back Ermotti as CEO to oversee Credit Suisse deal
Ermotti, chairman of Swiss Re, is retaking a role he held for nine years after the annual general meeting next week.
March 29, 2023
Zest
Goldman's COO says smaller banks to need more capital after crisis
Waldron also told German paper Handelsblatt that he expects market volatility to remain high in the short term.
March 22, 2023
Credit Suisse crisis
Swiss government suspends some Credit Suisse bonuses after UBS takeover
The nation’s governing federal council said in a statement it’s invoking the Swiss Banking Act.
March 22, 2023
Credit Suisse crisis
Credit Suisse acquisition expected to be accretive to UBS's EPS by 2027
The transaction will “preserve” the value left in Credit Suisse’s business while limiting UBS’s downside exposure: UBS chairman.
March 20, 2023