Thursday, May 21, 2026
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Tag: Credit Suisse

More records found linking Credit Suisse, Nazi accounts

WASHINGTON—An investigation by a US Senate panel has found that troubled investment bank Credit Suisse concealed information during previous inquiries into Nazi-controlled bank accounts...

UBS fined $387m over Credit Suisse misconduct—Fed

WASHINGTON, United States—The Swiss banking giant UBS has been fined close to $400 million for misconduct by its recently-acquired subsidiary, Credit Suisse, the US...

UBS to cut 35k jobs after Credit Suisse takeover

GENEVA, Switzerland—Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse—more than half its workforce—as part of the emergency rescue takeover of...

UBS embarks on ‘bumpy’ integration of Credit Suisse, faces tough moves

ZURICH, Switzerland—UBS said Monday that it had finalized the takeover of its former rival Credit Suisse, clearing the way for a Herculean task of...

Asian markets mostly down as US inflation moves into focus

Asian markets struggled Tuesday as investors eyed the release of US inflation data later in the week that could play a key role in...

Over $68 billion withdrawn from Credit Suisse prior to takeover by UBS

ZURICH—Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, but its profit swelled as the bank’s high-risk debts...

Salceda: PH in need of measures to stop collapse of banks

Albay Rep. Joey Sarte Salceda is pushing for a set of measures to protect the country’s banking system from “financial contagion” brought about by...

Stocks face volatility amid dovish US Fed

Local stocks are expected to continue facing volatility amid the dovish US Federal Reserve’s stance and the uncertainty on the global banking sector. Analysts said...

UBS, Credit Suisse marriage may not lead to Swiss bliss

By Robin Millard Geneva, Switzerland—The marriage of UBS and Credit Suisse was hastily arranged to prevent a global financial meltdown—but the size of the resulting...

UBS, Credit Suisse chiefs in the spotlight in wake of $53.7-b rescue deal

By Nathalie Olof-Ors ZURICH , Switzerland—The heads of Switzerland’s two biggest banks were set for further talks Sunday in which UBS could salvage Credit Suisse,...

Credit Suisse chief unveils master plan to fix bank’s woes

New Credit Suisse chief executive Ulrich Koerner is set to unveil his strategic master plan on Thursday, aimed at turning around the beleaguered bank...

Credit Suisse reaches deal with US on mortgage-backed securities

Zurich, Switzerland—Credit Suisse said Monday it would pay $495 million as part of a deal reached with US prosecutors in a long-running dispute over...

Credit Suisse announces $3-billion debt buyback

Zurich, Switzerland—Troubled Swiss banking giant Credit Suisse, which has scrambled to ease fears about its financial health, announced plans on Friday to buy back...

Ukraine war pushes Credit Suisse deeper into the red

ZURICH, Switzerland―Swiss banking giant Credit Suisse said Wednesday that litigation costs and the financial fallout from the war in Ukraine pushed it deeper into...
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