UBS’s government-brokered acquisition of Credit Suisse swelled employee ranks to 120,000. That number has already shrunk by ...
The UBS-Credit Suisse deal, which was orchestrated by the Swiss government, upended the traditional hierarchy among bank ...
A second group of Japanese investors in Credit Suisse bonds has launched an ICSID claim against Switzerland over the state-backed deal to rescue the bank two years ago.
UBS Group (UBS) stock climbed 2.1% in U.S. trading on Friday after a media report of a compromise plan on capital ...
The Swiss ​government has proposed that UBS, Switzerland's sole remaining global bank since it acquired Credit ⁠Suisse in 2023, should capitalise its foreign subsidiaries by 100% rather than 60% at ...
For Credit Suisse, the 2014 cease-and-desist order required the company to fix oversight and controls after its tax-evasion case. And the 2020 order mandated broad improvements to its U.S.
UBS is preparing another deep round of cost cutting that could put up to 10,000 more roles at risk as it absorbs Credit ...
A compliance officer is facing charges for laundering $7 million in a complex legal case in Switzerland. Swiss prosecutors ...
A group of Japanese investors has sued Switzerland over write-downs of Additional Tier 1 (AT1) hybrid bonds of fallen lender Credit Suisse, law firm Drew & Napier, which represents them said on ...
The long-running saga of Mozambique’s catastrophic “tuna bonds” scandal has entered a new and decisive chapter. Swiss prosecutors announced on December 1 that Credit Suisse-now absorbed into UBS Group ...
Swiss prosecutors have indicted a former official at Credit Suisse for alleged money laundering in a case involving state companies in Mozambique, and they have charged the bank for not doing ...