2023-05-09 05:41:06 The boss of Credit Suisse, Ulrich Körner, will join the management committee of UBS, announced Tuesday the first Swiss bank, which reveals its teams after the acquisition of its rival. UBS expects that “the legal fence“of the merger takes place”in the next weeks“, she says in a press release, while specifying that the … Read more
2023-04-24 14:13:00 UBS will present its quarterly figures on Tuesday. Then it will be seen to what extent CEO Sergio Ermotti is already able to answer questions about the takeover of Credit Suisse. finews.ch summarized the six most important questions. The quarterly figures from Credit Suisse (CS) on Monday clearly demonstrated the depth of the … Read more
2023-04-22 09:54:55 On Monday, the bank will publish its quarterly results which will be closely analyzed by UBS, forced to urgently buy it under pressure from the Swiss authorities. They were supposed to be more protected from banking risks than the shareholders themselves. However, during the takeover of Credit Suisse by rival UBS, bondholders of … Read more
2023-04-21 21:04:49 Michel Santi, your latest book “BNS (Swiss National Bank): Nothing is wrong, a central bank should not do that” was published by Editions Favre. However, at the time of its release in Switzerland, on March 24, the world of finance knew… Michel Santi, your latest book “BNS (Swiss National Bank): Nothing is wrong, … Read more
The Swiss finance minister said the government had acted in the country’s best interests by quickly arranging the takeover of Switzerland’s second-largest bank by UBS, its main rival in the country. The Swiss finance minister said the Swiss economy would probably have collapsed if Credit Suisse had gone bankrupt, in an interview published by the … Read more
After the rescue of the Swiss banking giant, the Swiss Trade Union Union demands that jobs be preserved and that effective preventive measures be taken by the authorities The Swiss financial center, and the world, trembled. On the verge of bankruptcy, Credit Suisse was bought out urgently on Sunday March 19 by UBS, for the … Read more