2024 will be the “pivotal” year in the takeover of Credit Suisse by UBS, with the migration of IT systems presenting huge risks as the two megabanks merge operations across more than 50 ...
Ermotti is battling high costs as he winds down Credit Suisse’s unprofitable businesses while fully integrating its key Swiss banking unit UBS chief executive Sergio Ermotti has said the ...
Credit Suisse's global head of foreign-exchange trading is leaving the firm, marking the latest departure since its takeover by rival UBS Group AG. John Estrada said he was leaving the bank in a ...
UBS Group said Thursday that it has priced an issue of $3.5 billion in so-called Additional Tier 1 bonds in the first such issuance since the acquisition of its former cross-town rival Credit Suisse.
The group reported $22 billion in net new money in its wealth management arm, as it won new customers, and Credit Suisse ... in June, UBS has wrestled to stabilise the group. With the takeover ...
The AT1 bonds are a funding source for UBS and other banks to prop up their capital buffers. However, Swiss authorities ordered the write-off of $17 billion in Credit Suisse’s AT1 as part of its ...
UBS confirmed to CNBC that it ... of controversy during its emergency rescue of Credit Suisse — for the first time since completing the takeover. The Swiss banking giant is marketing two ...
ZURICH (Reuters) - UBS started selling Additional Tier 1 (AT1) bonds on Wednesday for the first time since it took over Credit Suisse, in a further sign that confidence has returned after the merger ...
UBS’s first loss in ... and they are also returning to Credit Suisse. The bleeding that imperiled the latter bank’s very existence before its rescue takeover has been stopped even before ...
Bosses at UBS have been wrestling with the challenge of integrating Credit Suisse ever since the rescue takeover of the ailing lender was finalised in June. Third-quarter figures from UBS on ...
The sale marked a big test of investor demand for the market, which was shaken in March when the takeover of Credit Suisse by UBS resulted in $17bn of Credit Suisse bonds being wiped out.
UBS has issued its first Additional Tier 1 (AT1) bonds since taking over Credit Suisse in March, when $17bn worth of these instruments were wiped out as part of the rescue deal. A spokesperson for UBS ...
