Tag: Credit Suisse
UBS To Cut Half Of Credit Suisse Jobs Post Buyout
UBS Group is reportedly planning to reduce its workforce at Credit Suisse, the Swiss lender it acquired earlier this year, by over half, according...
Swiss National Bank Says Credit Suisse Crisis Revealed Regulations’ Shortcomings
The Swiss National Bank has called for a review of “too big to fail” (TBTF) regulations after the crisis around Credit Suisse in March.
While measures taken by authorities...
UBS Expects To Close Credit Suisse Merger Next Week
UBS Group announced today its expected closure of the acquisition of Credit Suisse Group, which will result in the creation of a Swiss banking...
EU Clears UBS Takeover Of Credit Suisse Without Conditions
On Thursday, the European Union approved UBS's acquisition of Credit Suisse, which resolved instability in the global banking industry earlier in the year.
According to...
South Korean Watchdog OKs Credit Suisse’s UBS Takeover
On Thursday, South Korea's antitrust regulator gave approval for UBS Group to acquire Credit Suisse Group, stating that the merger is unlikely to have...
Federal Reserve OKs UBS Acquisition Of Credit Suisse’s US Subsidiaries
On Friday, the Federal Reserve announced that UBS's application to acquire the U.S. subsidiaries of Credit Suisse Group had been approved.
UBs will provide the...
Swiss Parliament Rejects Credit Suisse Rescue Package
The Swiss lower house of parliament voted overwhelmingly on Wednesday against the 100 billion Swiss francs (roughly $110 billion or €100 billion) rescue package...
EU Commission Grants Temporary Approval To UBS/Credit Suisse
The European Commission announced on Tuesday that UBS has received temporary approval from EU antitrust regulators for its acquisition of troubled competitor Credit Suisse....
EU OKs UBS’ Credit Suisse Deal
The European Commission reported on Tuesday that UBS has received provisional approval from EU antitrust regulators to finalize its purchase of Credit Suisse. However,...
UBS Will Pay $3 Billion For Credit Suisse
Swiss banking giant UBS will purchase struggling rival Credit Suisse in a $3 billion government-supported deal.
Switzerland’s central bank announced the takeover Sunday (March 19), saying the move would restore confidence...
