Tag: UBS
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...
UBS Calls EU Cartel Fine Too High & ‘Arbitrary’
UBC has expressed criticism towards EU antitrust regulators regarding the calculation of their 172.4-million-euro cartel fine. They claim that the figure was arbitrary and...
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...
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,...
Credit Suisse, UBS & US Banks Reportedly Face DOJ Investigation
Credit Suisse, UBS and some U.S. banks are reportedly being investigated.
Individuals at the two Swiss banks and the unspecified major U.S. banks were recently sent subpoenas...
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...
UBS, Credit Suisse Oppose Idea Of Forced Combination
According to Bloomberg News' Thursday report, UBS Group and Credit Suisse are both against any type of coerced merger.
UBS prefers to focus on its...
UBS Calls Off Wealthfront $1.4 Billion Merger
UBS Group and robo advisor Wealthfront have agreed to scrap their planned $1.4 billion merger, the companies said on Friday.
UBS announced the deal for...