UBS faces investors after shotgun Credit Suisse takeover

[ad_1] ZURICH, April 5 (Reuters) – UBS Group AG (UBSG.S) will on Wednesday seek to reassure shareholders that its unexpected takeover of rival Credit Suisse Group AG (CSGN.S) in the…

Credit Suisse chairman: ‘truly sorry’ for bank’s demise

[ad_1] ZURICH, April 4 (Reuters) – Credit Suisse’s chairman (CSGN.S) apologised for taking the Swiss bank to the brink of bankruptcy, as he faced shareholder fury over the demise of…

Thyssenkrupp’s restructuring plan has ‘failed’, labour bosses say

[ad_1] FRANKFURT/DUESSELDORF, March 31 (Reuters) – German industrial group Thyssenkrupp’s (TKAG.DE) powerful labour representatives lashed out at leadership on Friday, demanding a strategic roadmap while saying that CEO Martina Merz’s…

NEWSMAKER The banker Switzerland trusts to stem Credit Suisse crisis

[ad_1] ZURICH, March 30 (Reuters) – Straight from a class room to trading securities while just a teenager, Sergio Ermotti has had a career which tracked the Wall Street boom…

ABC News lays off senior executives in Disney’s cost-cutting drive

[ad_1] March 30 (Reuters) – Walt Disney Co’s (DIS.N) ABC News laid off several senior executives on Thursday, as it restructures its newsroom, two sources confirmed. The reductions are part…

BofA Merrill Wealth head Andy Seig leaves to join Citi

[ad_1] March 30 (Reuters) – Bank of America’s (BAC.N) Merrill Wealth Management head Andy Seig is leaving to join Citigroup Inc (C.N) to lead its Global Wealth unit, the banks…

Ermotti returns to UBS to steer Credit Suisse takeover

[ad_1] ZURICH, March 29 (Reuters) – UBS Group AG (UBSG.S) has rehired Sergio Ermotti as CEO to steer its massive takeover of neighbour Credit Suisse (CSGN.S) – a surprise move…

Goldman Sachs names Michael Marsh as EMEA financing group head – memo

[ad_1] March 28 (Reuters) – Goldman Sachs Group Inc (GS.N) is shaking up the leadership ranks at its global financing group after the Wall Street bank merged its investment banking…

Volkswagen’s CEO to step aside at Skoda, Seat -source

[ad_1] BERLIN, April 29 (Reuters) – Volkswagen (VOWG_p.DE) boss Herbert Diess is stepping down as head of the supervisory boards at subsidiaries Seat and Skoda to focus on building up…

Rental car firm Hertz’s finance chief Cheung to quit

[ad_1] March 27 (Reuters) – Rental car firm Hertz Global Holdings Inc (HTZ.O) said on Monday its Chief Financial Officer Kenny Cheung was leaving the company to pursue other opportunities.…