Page 2 - Credit Suisse
UBS resumes buybacks, seeks more cost savings from Credit Suisse takeover
Shares in the bank dropped as much as 4%, with analysts pointing to slightly lower-than-expected profitability targets as revenue at the lender falls before the cost savings are achieved
 "UBS resumes buybacks, seeks more cost savings from Credit Suisse takeover")
UBS, Credit Suisse lost ground in combined Swiss fund business over 2023
The market share of the combined bank, which became a single entity last year after UBS stepped in to rescue Credit Suisse, fell to 37.6% in 2023, down from 39.3% the previous year
 "UBS, Credit Suisse lost ground in combined Swiss fund business over 2023")
Former Credit Suisse wealth executive Sandipan Roy joins Motilal Oswal
Sandipan Roy will be chief investment officer for the private wealth business, reporting to Ashish Shanker who heads the unit, according to a spokesperson for Motilal Oswal
 "Former Credit Suisse wealth executive Sandipan Roy joins Motilal Oswal")
Credit Suisse penalised $3 mn after probe by Singapore authorities
The action on Credit Suisse follows its review of pricing and disclosure practices in the private banking industry, according to the MAS
 "Credit Suisse penalised $3 mn after probe by Singapore authorities")
Global corporate landscape 2023: Mergers, closures, and leadership shifts
From acquisitions & mergers to resignations 2023 has been a year of significant milestones in the global corporate world. Here is a recap on all the major event that unfolded in 2023
 "Global corporate landscape 2023: Mergers, closures, and leadership shifts")
UBS steps up bid to claw back cash bonuses from Credit Suisse defectors
UBS has contacted hundreds of bankers and offered some multi-year payment plans amid efforts to claw back a chunk of the 1.2 billion Swiss francs ($1.38 billion) in restricted cash bonuses
 "UBS steps up bid to claw back cash bonuses from Credit Suisse defectors")
SpiceJet board okays Rs 2,250 crore fundraising from 64 investors
Airline slips back to loss in second qtr
 "SpiceJet board okays Rs 2,250 crore fundraising from 64 investors")
Credit Suisse reinstates independent overseer for Nazi-account probe
The bank confirmed the decision Tuesday, taking the unusual step of amending a press release it issued in April to delete criticism of Barofsky's work.
HSBC hires UBS's Gautam Anand for role serving India's rich diaspora
Gautam Anand was appointed Global Coordinator for Global India, the Middle East, North Africa and Europe from Dec. 1, according to an internal memo seen by Bloomberg News
 "HSBC hires UBS's Gautam Anand for role serving India's rich diaspora")
Singapore's financial regulator to inspect Credit Suisse in $2 bn scandal
The local unit of Credit Suisse will be among banks the Monetary Authority of Singapore plans to examine to determine whether they properly handled the monitoring of wealthy clients
 "Singapore's financial regulator to inspect Credit Suisse in $2 bn scandal")
Rainer Gut, who transformed Credit Suisse into global bank, dies at 91
The Swiss-born Gut, whose career included stints on Wall Street, held top positions at Credit Suisse from 1971 to 2000, and was honorary chairman until April
 "Rainer Gut, who transformed Credit Suisse into global bank, dies at 91")
Barclays hires Credit Suisse dealmakers in India amid firmwide job cuts
The UK bank is seeking to replenish its ranks in the market after Ashish Jhaveri, head of mergers and acquisitions for the firm in India, left for Jefferies Financial Group Inc
 "Barclays hires Credit Suisse dealmakers in India amid firmwide job cuts")
Credit Suisse, Mozambique secure out-of-court 'tuna bond' settlement
The settlement included most of the creditors involved in funding a 2013 loan to ProIndicus, a state-owned Mozambican company, UBS said
 "Credit Suisse, Mozambique secure out-of-court 'tuna bond' settlement")
Credit Suisse flags $2 bn loss as wind-down proceeds after UBS acquisition
The losses from the loan portfolios won't affect UBS's third-quarter results because the impact was previously taken into account, according to Andreas Venditti, an analyst
 "Credit Suisse flags $2 bn loss as wind-down proceeds after UBS acquisition")
UBS Group takes lead in $50 billion bond market left by Credit Suisse
The biggest winner in this market from the March demise of Credit Suisse - the leading arranger of Swiss franc bonds for most of the last 20 years
 "UBS Group takes lead in $50 billion bond market left by Credit Suisse")
UBS, Credit Suisse see growing probe over alleged Russian sanctions evasion
The probe is still at an early stage and may not result in charges or a settlement, the people said
 "UBS, Credit Suisse see growing probe over alleged Russian sanctions evasion")
SC allows SpiceJet to pay Credit Suisse in instalments over 6 months
After six months of payments, SpiceJet's Ajay Singh has to pay regular instalments of $500,000 to Credit Suisse
 "SC allows SpiceJet to pay Credit Suisse in instalments over 6 months")
HSBC hires eight former Credit Suisse bankers to global equities unit
The appointments have been made to the bank's high touch and portfolio trading desks, across several locations including London, New York, Hong Kong and Mumbai
 "HSBC hires eight former Credit Suisse bankers to global equities unit")
UBS names South Korea, India, others as 'slow' on Credit Suisse approval
The uncertainties could lead to winding down businesses and asset sales, when UBS faces "difficult jurisdictions or regulators", the Swiss bank said in the document
UBS names S Korea, India, others as 'slow' to nod Credit Suisse deal
The uncertainties in securing regulatory nods could also lead to winding down businesses and asset sales, when UBS faces "difficult jurisdictions or regulators", the bank said in the document
 "UBS names S Korea, India, others as 'slow' to nod Credit Suisse deal")
