Switzerland business is integrated UBS is burying Credit Suisse and cutting 3,000 jobs 08/31/2023, 11:05 am End for the traditional company: Contrary to the hopes of politics and society, UBS also incorporated the Swiss business of Credit Suisse. Many employees lose their jobs. UBS itself has benefited greatly from the takeover, which has been ongoing…
Sign of the UBS bank, in Zurich (Switzerland), on August 31, 2023. FABRICE COFFRINI / AFP Five and a half months after the emergency takeover of Credit Suisse, Sergio Ermotti, CEO of UBS, assures us: the decision, announced on Thursday August 31, to fully integrate the retail banking network of his great rival in the…
UBS still beckons mega profits Credit Suisse reports billions in losses 08/27/2023 3:28 p.m The problems of the ailing major bank Credit Suisse did not end with the takeover agreement by arch-rival UBS in the spring. According to a report, it posted a loss of several billion francs in the second quarter. Nevertheless, the takeover…
(CercleFinance.com) – Wells Fargo & Company announced today that Malcolm Price has joined Corporate & Investment Bank (CIB) as Head of Financial Sponsors. He will report jointly to Tim O’Hara, Head of Banking Services, and Scott Warrender, Head of Banking Coverage. Malcolm joins Wells Fargo from Credit Suisse where he was most recently Global Head…
(BFM Bourse) – The Ethos foundation is following in the footsteps of lawyers who, under the banner of a start-up called Legalpass, believe that the Crédit Suisse bank has been “sold off”. The Ethos Foundation, which represents pension funds in Switzerland, announced on Tuesday that it would support legal action to challenge the price offered…
(AOF) – UBS Group AG plans to cut more than half of the 45,000 jobs in Credit Suisse Group AG from next month, following the takeover of the bank under pressure from the authorities, reports Bloomberg. The new group employs 120,000 people and nearly 30% of positions would be cut, which represents around 35,000 jobs,…
Insiders reveal prank plans UBS wants to lay off half of the Credit Suisse workforce 6/27/2023, 9:47 p.m After the emergency takeover of the ailing major Swiss bank Credit Suisse, UBS is apparently planning a drastic bloodletting of its former rival. Insiders reveal that more than half of the 35,000 CS jobs will be cut….
ZURICH (Reuters) – A group of holders of Credit Suisse’s Additional Tier 1 (AT1) bonds have filed a class action lawsuit accusing former executives of the Swiss bank of being responsible for its downfall. The lawsuit filed Tuesday in a New York court accuses former bosses Thomas Gottstein, Tidjane Thiam and Brady Dougan, along with…
3rd place in the last time trial – Skjelmose wins the Tour de Suisse – Sport – SRF Skip to content Some elements on SRF.ch only work with activated JavaScript. Sports wheel Current article Contents Mattias Skjelmose wins the Tour de Suisse and celebrates the greatest success of his career. The Dane defended his leader’s…
After the accident at the Tour de Suisse Stage winner commemorates dead bike colleague with gesture 06/17/2023, 8:02 p.m The death of Gino Mäder still shocks the Tour de Suisse. Three complete teams and 17 other drivers will not start. It gets emotional on the first stage after the serious accident – sport takes a…
Martin Lange with AFP / DARIO BELINGHERI / AFP 12:43 p.m., June 16, 2023modified to 8:35 p.m., June 16, 2023 Swiss rider Gino Mäder, 26, succumbed to his injuries Friday morning after suffering a heavy fall Thursday at the end of the 5th stage of the Tour de Suisse, his team announced. “Despite the efforts…
At midnight, a large stream of debris fell in the so-called “island” area on the mountain slope above the evacuated Graubünden village of Brienz/Brinzauls. The rock masses apparently only just missed the completely evacuated village. At midnight, the municipality declared phase blue – the highest of the five danger levels. At 2.30 p.m. the authorities…
