[ad_1] UBS Group AG will keep Credit Suisse’s domestic bank and fully integrate it, overriding local criticism that a merged entity will hold excessive sway over the country’s financial system.…
Tag: UBS GROUP AG-REG
Citadel Is Only Global Bidder for Credit Suisse’s China Unit
[ad_1] Citadel Securities LLC has made a non-binding offer for Credit Suisse’s securities venture in China, becoming the only global financial firm to submit a bid, people familiar with the…
Switzerland Is Left With Watches and Chocolate, Not Cash
[ad_1] This is Bloomberg Opinion Today, a ringtone-ridden roundup of Bloomberg Opinion’s opinions. Sign up here. When Asterix the Gaul visited the “Helvetians” in his 1970 comic-strip adventure, he came…
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 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…
Switzerland Is Well-Placed to Weather the Bank Turmoil, Economists Say
[ad_1] Want the lowdown on European markets? In your inbox before the open, every day. Sign up here. UBS Group AG’s hastily brokered takeover of Credit Suisse Group AG and…
Singapore to Inspect Credit Suisse, Others in $2 Billion Scandal
[ad_1] Singapore’s financial regulator will conduct an on-site inspection of Credit Suisse Group AG after at least one of its customers was charged for money laundering in a scandal that…
Credit Suisse Disbands China Onshore Wealth Unit, Dozens Depart
[ad_1] Credit Suisse dismissed its entire wealth management team in China, scrapping its ambition to become one of the biggest foreign money managers in the country as UBS Group AG…
Switzerland’s Incredible Shrinking Financial Sector
[ad_1] Chocolate, cuckoo clocks, and bank secrecy were the Swiss cliches of the day when Asterix visited the “Helvetians” in his 1970 adventure. The stubborn Gaul runs into “Zurix” the…