Suisse
Drew & Napier engages litigation funder Omni Bridgeway for suit on Credit Suisse AT1 write-down
LAW firm Drew & Napier has engaged litigation financing company, Omni Bridgeway, to fund its claims against Switzerland related to the forced write-down of Additional Tier-1 (AT1) bonds in...
UBS reports first profit since taking over Credit Suisse
UBS reported a net income of US$1.8 billion for January to March, its first quarterly profit since it took over fallen rival Credit Suisse.The net income attributable to shareholders...
UBS plans next round of layoffs in Credit Suisse integration
UBS Group is planning another round of job cuts as the firm continues to trim headcount following its rescue of Credit Suisse, according to sources with knowledge of the...
Singapore court’s verdict was wrong; Credit Suisse unit did ‘incompetent best’ for client: lawyer
A LAWYER for a Credit Suisse trust seeking to overturn the US$743 million in damages the bank owes to Georgian billionaire Bidzina Ivanishvili said the staff responsible did their...
UBS to shut thousands of smaller Credit Suisse accounts in Asia
UBS Group is planning to shut smaller-value Credit Suisse accounts numbering in the low thousands at its Asia-Pacific wealth management arm to exit relationships with poor returns, according to...
UBS’s Credit Suisse Takeover, ‘Deal Of The Century’?
Did banking giant UBS make "the deal of the century" when it bought one of the world's biggest banks for a pittance as it teetered on the edge of...
Several Hundred Credit Suisse Bankers To Get Termination Notices: Report
Swiss media have speculated about between 30,000 and 35,000 job cuts across world. (Representational)Zurich, Switzerland: Several hundred Credit Suisse investment bankers will soon be fired as UBS begins to...
UBS Fined $387 Mn Over Credit Suisse Misconduct: US Fed
UBS was fined over misconduct by its recently acquired subsidiary, Credit Suisse AFP The Swiss banking giant UBS has been fined close to $400 million for misconduct by its...
