Credit Suisse, UBS
UBS makes first profit since Credit Suisse rescue
UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from six months of losses that immediately followed the closure of the rescue deal.
UBS reports first profit since taking over Credit Suisse
UBS reported net income of $1.8 billion for January-March, its first quarterly profit since it took over fallen rival Credit Suisse. The net income attributable to shareholders for Switzerland's largest bank was better than a company-provided consensus estimate of $602 million and compares with a profit of $1 billion in the same period a year earlier.
UBS Q1 Results Climb; To Complete Credit Suisse Merger On May 31
Swiss banking major UBS Group AG (UBS) reported Tuesday that its first-quarter net profit attributable to shareholders climbed 71
UBS sees first profit since Credit Suisse takeover
STORY: UBS scored its first profit since its takeover of Credit Suisse last June.Net profit for the January to March quarter came in at $1.8 billion - almost triple analyst forecasts.Analysts said the result were mainly driven by parts of the business inherited from Credit Suisse but which UBS wants to exit,
UBS Faces New Lawsuit by Appaloosa Over Credit Suisse $17 Billion Bond Wipeout
A new lawsuit by U.S. hedge fund Appaloosa LP accuses the former Credit Suisse of misleading investors about its health before $17 billion of its bonds were written down to zero in a government-orchestrated rescue by Swiss rival UBS.
Last Credit Suisse chief executive, Ulrich Körner, to leave UBS
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UBS shares surge as bank returns to profit following takeover of Credit Suisse
The addition of Credit Suisse’s assets, paired with UBS’ own push to cut its operating expenses by $1 billion, saw the banking giant swing back into profit in the first quarter of 2024, as the ...
UBS faces new lawsuit by Appaloosa over Credit Suisse $17 bln bond wipeout
A new lawsuit by U.S. hedge fund Appaloosa LP accuses the former Credit Suisse of misleading investors about its health ...
Credit Suisse Banker Wants Spotlight on DOJ Motive in Fraud Case
A banker-turned-anonymous-whistleblower will ask the Fourth Circuit on Wednesday to reinstate his False Claims Act suit alleging that Credit Suisse AG deprived the US government of over $1 billion by ...
UBS Swings Back to Net Profit With Credit Suisse Integration on Track -- 2nd Update
By Adria Calatayud UBS Group beat expectations with a return to net profit for the first quarter after posting losses for the prior two quarters, and ...
Credit Suisse may face $36 mln fine over S.Korea short-selling, says Chosun Ilbo
South Korea's financial authorities have notified Credit Suisse AG it could face 50 billion won ($36.32 million) in fines ...
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Credit Suisse Faces $36 Million Korea Short-Sale Fine: Chosun
Credit Suisse AG reportedly faces 50 billion won ($36 million) in penalties over illegal short selling in South Korea, ...
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ING hires former Credit Suisse DCM banker
Stephan Rupprecht joined ING’s financial institutions debt capital markets team in Frankfurt this month. He previously worked at Credit Suisse, where he ran FIG DCM for Germany, Austria and ...
Credit Suisse China securities JV says staff down 46% in 2023
Credit Suisse's securities brokerage joint venture in China said its staff numbers sank 46% in 2023, a year the Swiss ...