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Hosted on MSN29d
UBS reports huge 2Q profit skewed by Credit Suisse takeover, foresees $10B in cost cuts
In a separate statement, Credit Suisse, calling itself a UBS subsidiary following the completion of the deal on June 12, announced a loss of 8.9 billion Swiss francs ($10.1 billion) as it wrapped ...
11hon MSN
Credit Suisse sheds nearly 13% of workforce
Credit Suisse has shed nearly 13% of its workforce in the past 12 months, underlining the turmoil at the bank that was taken ...
1d
UBS Near Settlement in Credit Suisse $1.5 Billion Tuna Bond Case
UBS Group AG is closing in on a settlement with the government of Mozambique over Credit Suisse’s role in a ship-financing ...
16h
Credit Suisse sees Q3 loss of $1.6 bln from reclassifying loans
Credit Suisse expects to make a third quarter loss of about $1.6 billion from reclassifying loans linked to its non-core and ...
10h
Credit Suisse warns of $2.2bn loss in third quarter as thousands of staff exit bank
Credit Suisse faces a $2.2bn loss in the third quarter as it attempts to deal with legacy loans and problematic parts of its ...
New York Post29d
UBS to slash 3K jobs despite posting $29B profit since Credit Suisse takeover
Swiss banking giant UBS on Thursday announced plans to save $10 billion in costs, including through 3,000 staff reductions in Switzerland in the coming years, as it moves ahead with “full ...
bankingdive2d
DOJ probes UBS, Credit Suisse over sanctions breaches
Credit Suisse’s alleged compliance issues may have caused some Russian clients to avoid sanctions, resulting in a Department of Justice investigation, Bloomberg reported.
Newsday29d
UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts
GENEVA — Swiss banking giant UBS on Thursday announced plans to save $10 billion in costs, including through 3,000 staff reductions in Switzerland in the coming years, as it moves ahead with ...
WFTV29d
UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts
GENEVA — (AP) — Swiss banking giant UBS on Thursday announced plans to save $10 billion in costs, including through 3,000 staff reductions in Switzerland in the coming years, as it moves ahead ...
The Washington Post29d
UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts
GENEVA — Swiss banking giant UBS on Thursday announced plans to save $10 billion in costs, including through 3,000 staff reductions in Switzerland in the coming years, as it moves ahead with ...
Seattle Times29d
UBS reports huge 2Q profit skewed by Credit Suisse takeover and foresees $10B in cost cuts
GENEVA (AP) — Swiss banking giant UBS on Thursday announced plans to save $10 billion in costs, including through 3,000 staff reductions in Switzerland in the coming years, as it moves ahead ...

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