UBS
Multinational investment bank headquartered in Switzerland
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UBS Group AG is a multinational investment bank and financial services company founded and based in Switzerland. Headquartered simultaneously in Zürich and Basel, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world. UBS investment bankers and private bankers are known for their strict bank–client confidentiality and culture of banking secrecy. Because of the bank's large positions in the Americas, EMEA and Asia Pacific markets, the Financial Stability Board considers it a global systemically important bank.
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UBS to cut 3,000 jobs in Switzerland despite huge profits from takeover of rivalSwiss banking giant UBS has reported a record pre-tax profit of $29bn (£22.8bn) in the latest quarter following its takeover of Credit Suisse.Sky News - Published | |
Credit Suisse bondholders may take legal action over £14bn wipe out in UBS takeover A Swiss regulator's decision to prioritise shareholder value over certain bondholders in the forced takeover of Credit Suisse could result in legal action, a law firm has warned.Sky News - Published | |
'2008 for Credit Suisse': Insiders describe 'mismanagement' and 'arrogance' that led to bank's demise An employee at Credit Suisse's London office has said many staff are job hunting amid the "disaster" faced by workers due to the bank's shock takeover by rival UBS.Sky News - Published | |
Credit Suisse fails to rule out redundancies but tells staff their bonuses are safe Embattled Credit Suisse has told its staff there is "no immediate change" to their jobs and it plans to complete bonus payments ahead of the bank's forced takeover by its larger domestic rival UBS.Sky News - Published | |
UBS to take over Credit Suisse, Swiss central bank confirmsUBS will take over Credit Suisse, Swiss authorities have confirmed.Sky News - Published | |
Swiss government to hold news conference on Credit Suisse after UBS takeover offer The Swiss government will hold a news conference later after UBS made a takeover offer for embattled Credit Suisse, local media reports.Sky News - Published | |
UK regulators back merger of banking giants Credit Suisse and UBS British banking watchdogs have given their blessing to a takeover of Credit Suisse by its Swiss peer UBS, as financial regulators around the world race to contain the industry's biggest crisis since..Sky News - Published |
