Ubs Ag

UBS Group decides to exit $5 bn in assets it manages for rich customers

UBS's newly created wind-down unit, known as Non-core and Legacy, widened its quarterly pretax loss to $1.93 billion in the quarter from $478 million in the previous period

UBS Wealth boss Iqbal Khan pushes 'net new money' mantra in Asia tour

In at least his third visit to Asia in four months, Khan this week hosted evening receptions for hundreds of Credit Suisse and UBS wealth staff at the Hong Kong Convention and Exhibition Centre

RBI permits UBS-owned Credit Suisse to keep Indian banking license

Tom Wipf from Morgan Stanley, who will play a key role in the tie-up of the two banks and in facilitating the integration of Credit Suisse and UBS

Bank actively seeking ESG debt deals, says C Suisse's MD after takeover

The Swiss bank stands out as a pioneer in a corner of environmental, social and governance investment known as debt-for-nature swaps, a market that it has so far dominated

Credit Suisse employee bonuses tied to AT1 bonds were also wiped out

The move, described by people briefed on the decision, erases so-called contingent capital awards that had been worth 360 million Swiss francs ($403 million) at the end of 2022

Credit Suisse investors sue Swiss financial regulators after facing losses

A group of Credit Suisse investors have sued Swiss financial regulators after a government-engineered takeover of the struggling bank by rival UBS left them with billions in losses. The investors are contesting an order by the Swiss Financial Market Supervisory Authority, or FINMA, that wiped out about 16 billion Swiss francs (USD 17.3 billion) in higher-risk Credit Suisse bonds as part of an emergency rescue last month, lawyers said Friday. The hastily arranged, USD 3.25 billion deal prevented the downfall of Switzerland's second-largest bank after its stock plunged and customers rushed to pull out their money amid fears about long-running troubles at Credit Suisse and upheaval in the global financial system after the collapse of two U.S. banks. FINMA's decision undermines international confidence in the legal certainty and reliability of the Swiss financial center," said Thomas Werlen, managing partner in Switzerland for law firm Quinn Emanuel Urquhart & Sullivan. The firm filed

Credit Suisse bankers seek new jobs, flood headhunters with calls

"If they aren't going to CSFB they will have to be emigrated into UBS fixed-income, which is a much smaller business than Credit Suisse," a headhunter said in an interview

Relief over Credit Suisse deal crumbles as focus shifts to bond risks

In a package orchestrated by Swiss regulators on Sunday, UBS Group AG will pay 3 billion Swiss francs ($3.23 billion) for 167-year-old Credit Suisse Group AG and assume up to $5.4 billion in losses

UBS takes over Credit Suisse: Everything you need to know about the crisis

Credit Suisse crisis: Swiss government said it would provide $9 bn to help UBS meet the possible losses while taking over Credit Suisse, and Swiss National Bank will provide $100 bn of liquidity

Top headlines: UBS to buy Credit Suisse for nearly $3.25 bn amid turmoil

Business Standard brings you the top headlines at this hour

Central banks try to calm markets after UBS deal to buy Credit Suisse

Soon after the announcement late on Sunday, the US Federal Reserve, European Central Bank and other major central banks came out with statements to reassure markets

Top headlines: UBS eyes Credit Suisse takeover, Amritpal declared fugitive

Business Standard brings you top headlines at this hour

UBS in talks to buy embattled Swiss rival Credit Suisse, says report

The boards of Switzerland's two biggest lenders are set to meet separately over the weekend to discuss a deal, the FT said, citing multiple people briefed on the talks

Now's not the time to sell stocks-if bond yields behave, says UBS

Improving global growth and earnings, plus a continuation of gains in emerging markets, will for now outweigh concern about tighter monetary policy,