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Zest
UBS Group AG poised to cut 10% of support staff at Credit Suisse
The Swiss bank informed employees the reductions will start Nov 6.
October 20, 2023
Zest
Credit Suisse unit ordered to pay Georgian tycoon Ivanishvili US$743 mil
The amount was revised down from the US$926 million assessed by the court in May.
September 19, 2023
Anti-money laundering
Singapore seizes millions in Credit Suisse, Julius Baer accounts
The police seized $125 million from a suspected money launderer’s accounts with Julius Baer and Credit Suisse AG's local unit.
September 06, 2023
Zest
UBS signals two thirds of Credit Suisse investment bank to shut
The one-third UBS does plan to keep is largely made up of the mergers and acquisitions and capital markets business.
August 31, 2023
Zest
UBS smashes banking record as it absorbs Credit Suisse
UBS’s shares jumped as much as 7.2% after the open in Zurich on Thursday, having gained almost 40% this year.
August 31, 2023
Credit Suisse crisis
Credit Suisse's Singapore private bankers moving to UBS offices
Some of the employees are set to start the relocation as soon as next month, one of the people said.
June 19, 2023
Credit Suisse crisis
UBS to keep Credit Suisse’s Asia wealth teams in growth bid
Private bankers are in high demand in Asia, known for its huge growth potential where competition is fierce.
June 15, 2023
Credit Suisse crisis
UBS CEO Ermotti says about 10% of Credit Suisse staff have left
Ermotti has declined to comment on figures for potential job cuts, saying on Friday “that’s the toughest part of the task".
June 13, 2023
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