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    UBS ahead of schedule on cost savings, CEO says

    UBS ahead of schedule on cost savings, CEO says

    24 Sep 2024

    Swiss bank UBS is running around six months ahead of schedule in its cost savings efforts and its integration of Credit Suisse, CEO Sergio Ermotti said on Tuesday. UBS is...

    Over $68 billion withdrawn from Credit Suisse ahead of UBS takeover

    Over $68 billion withdrawn from Credit Suisse ahead of UBS takeover

    24 Apr 2023

    Gulf Today Report More than $68 billion had been withdrawn from Credit Suisse in the first three months of 2023, the bank said on Monday in what are likely...

    Investors hope for answers in Credit Suisse and UBS results

    Investors hope for answers in Credit Suisse and UBS results

    22 Apr 2023

    When Credit Suisse’s unveils what are likely its final quarterly results on Monday, investors will be seeking clues to the magnitude of the challenges awaiting UBS, after it was strongarmed...

    Up to 30% of jobs may go in UBS-Credit Suisse merger

    Up to 30% of jobs may go in UBS-Credit Suisse merger

    02 Apr 2023

    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. The takeover by UBS of...

    Credit Suisse takeover hits heart of Swiss banking, identity: Analysts

    Credit Suisse takeover hits heart of Swiss banking, identity: Analysts

    01 Apr 2023

    The UBS takeover of embattled rival Credit Suisse has shaken Switzerland’s self-image and dented its reputation as a global financial center, analysts say, warning that the country’s prosperity could grow...

    UBS eyeing swoop for Credit Suisse amid fears of banking contagion

    UBS eyeing swoop for Credit Suisse amid fears of banking contagion

    18 Mar 2023

    UBS AG was examining on Saturday a takeover of its embattled Swiss peer Credit Suisse, sources said, a move that could dampen fears the unfolding crisis might destabilise the global...

    Swiss bank Credit Suisse’s meltdown

    Swiss bank Credit Suisse’s meltdown

    17 Mar 2023

    The second largest Swiss bank, Credit Suisse, just managed to avoid sinking when the Swiss National Bank (SNB) threw a lifeline of 50 billion Swiss francs ($54 billion) because the...

    Credit Suisse’s $54b lifeline gives global banks tentative respite

    Credit Suisse’s $54b lifeline gives global banks tentative respite

    16 Mar 2023

    Credit Suisse sought to shore up its liquidity and restore investor confidence on Thursday by borrowing up to $54 billion from Switzerland’s central bank, after a slide in its shares...

    European banks battered as Credit Suisse drops over 20%

    European banks battered as Credit Suisse drops over 20%

    15 Mar 2023

    European shares fell on Wednesday as bank stocks resumed their selloff, after a short-lived bounce in the previous session, with Credit Suisse plunging to a fresh record low. The pan-European...

    Credit Suisse eyes $2b capital hike increase

    Credit Suisse eyes $2b capital hike increase

    23 Oct 2022

    Embattled bank Credit Suisse is considering a capital increase of around 2 billion Swiss francs ($2 billion) and the issue of convertible debt to help finance its turnaround plans, Swiss...

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