[ad_1] Finance’s (shotgun) wedding of the century, the UBS/Credit Suisse merger, has been spitting out bankers for a while now, and Goldman Sachs is taking advantage – in Hong Kong,…
Tag: Suisse
Credit Suisse: Bank rescue damages Switzerland’s reputation for stability
[ad_1] Despite the scandals over the years related to the secret bank accounts of dictators (including Ferdinand Marcos from the Philippines, Congolese dictator Mobutu Sese Seko and many more), or…
Switzerland prepares emergency measures to deliver UBS takeover of Credit Suisse
[ad_1] The clock is ticking on Switzerland’s second largest bank. © Keystone / Michael Buholzer Switzerland is preparing to use emergency measures to fast-track the takeover by UBS of Credit…
Switzerland to Cancel, Cut Credit Suisse Executives’ Bonuses
[ad_1] Top Credit Suisse Group AG executives will have outstanding bonuses canceled or cut by up to half, in a step ordered by the Swiss government following the state-backed takeover…
UBS Seeks to Sell Loans Credit Suisse Gave to Junk Italian Firms
[ad_1] UBS Group AG is planning to sell its exposure to a portfolio of loans that Credit Suisse made to junk-rated Italian companies, according to people with knowledge of the…
Singapore to inspect Credit Suisse, others in money-laundering scandal – Bloomberg News
[ad_1] (Reuters) -The Monetary Authority of Singapore (MAS) plans to conduct an on-site inspection of a local unit of Credit Suisse to determine whether it properly handled the monitoring of…
UBS Cuts $10 Billion Government Backstop For Credit Suisse Rescue
[ad_1] Topline UBS on Friday said it has terminated an agreement with the Swiss government to shield it from losses linked to its emergency rescue of Credit Suisse, a move…
UBS cut most jobs in sector following Credit Suisse takeover
[ad_1] At the end of August, UBS management announced that there would be 3,000 redundancies in Switzerland alone © Keystone / Ennio Leanza read aloud pause Swiss bank UBS has…
Singapore Fines Credit Suisse for Bankers’ Misconduct
[ad_1] Dec. 28, 2023 12:08 am ET Singapore imposed a penalty of 3.9 million Singapore dollars (US$3.0 million) on Credit Suisse for failing to prevent or detect misconduct by its…
Singapore Penalizes Credit Suisse For Misconduct By Bankers
[ad_1] Singapore penalized Credit Suisse S$3.9 million ($3 million) for its failure to prevent or detect misconduct by its relationship managers in the city-state. The bankers had provided clients with…