Tag: CreditSuisse
After the merger with Credit Suisse: UBS will probably cut around 35,000 jobs
The Swiss bank UBS apparently wants to cut more than half of the CS jobs as a result of the takeover of rival Credit Suisse (CS). There will be three…
Media report: UBS will probably cut around 35,000 jobs – economy
The Swiss bank UBS apparently wants to cut more than half of the CS jobs as a result of the takeover of rival Credit Suisse (CS). The layoffs are set…
Commentary: The Credit Suisse fiasco calls for stricter rules – Economy
As of today, the scandalous bank Credit Suisse is history, swallowed up by rival UBS and narrowly avoiding an uncontrolled bankruptcy. The fact is, however, that the merged bank is…
UBS completes acquisition of Credit Suisse
Status: 06/12/2023 10:08 a.m According to UBS, the takeover of the major bank Credit Suisse has been completed. After the merger, around 120,000 people will work for the new UBS…
UBS completes takeover: That’s it, Credit Suisse – Economy
The merger of the major Swiss banks is complete. “UBS has completed the legal process of taking over Credit Suisse (CS),” says an open letter that the now only major…
The end of Credit Suisse: how could that have happened? – Business
The Swiss parliament wants to examine closely whether everything was right when the state ordered UBS to take over Credit Suisse in March. Credit Suisse’s days are truly numbered. On…
UBS almost there with Credit Suisse
Status: 05.06.2023 12:10 p.m The largest bank takeover since the financial crisis 15 years ago is about to be completed. In a few days, Credit Suisse should be merged into…
Credit Suisse is to pay compensation to Georgia’s former prime minister
Status: 05/26/2023 12:37 p.m The major bank Credit Suisse has again been sentenced to pay high damages to the Georgian billionaire Bidzina Ivanishvili. The former prime minister had already won…
UBS restructures top management – Economy
Until now, changes in the management of a Swiss bank were something for financial connoisseurs. But since UBS took over its smaller rival Credit Suisse under pressure from the state…
Bank runs: Why people take their money out of their accounts – Economy
If panic breaks out, the money is taken from the bank in no time at all, by cell phone. And fear is spreading faster and faster through social media. So…