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Switzerland says UBS may need more cash. The bank is fuming
CNN Business via Yahoo Finance· 23 hours agoA year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as...
UBS faces new lawsuit by Appaloosa over Credit Suisse $17 bln bond wipeout
Reuters· 23 hours agoA new lawsuit by U.S. hedge fund Appaloosa LP accuses the formerCredit Suisse of misleading...
UBS Plans Five Waves of Layoffs From June to November — Financial News
Morningstar· 3 days agoUBS Group will roll out five waves of job cuts starting in June as it pushes through its takeover of Credit Suisse, which is expected to lead to thousands ...
Lemssouguer’s Hedge Fund Drops 6.6% in March on Credit Bets
Bloomberg· 21 hours agoFormer Credit Suisse trader Hamza Lemssouguer’s hedge fund suffered its second-biggest monthly loss in March as some of his credit bets soured.
UBS’s Swiss Rivals Hope Credit Suisse Hires Will Win Wealthy Clients
The Wall Street Journal· 3 days agoUBS Group’s smaller Swiss rivals have been on a hiring spree for former Credit Suisse employees,...
UBS Group (UBS) to Cut Jobs for $10 Billion Cost Reduction
Zacks via Yahoo Finance· 3 days agoUBS Group (UBS) plans to cut jobs in five separate waves, starting June 2024, to save costs. The...
Credit Suisse Group (NYSE:CS) Coverage Initiated at StockNews.com
ETF DAILY NEWS· 2 days agoStockNews.com started coverage on shares of Credit Suisse Group (NYSE:CS – Free Report) in a research report released on Monday. The firm issued a hold ...
UBS to Regulators: We Don't Need Extra Capital
The Wall Street Journal· 22 hours agoUBS Chairman Colm Kelleher criticized Switzerland’s plans to increase the bank’s loss buffers, saying “additional capital is the wrong remedy” to prevent...
Appaloosa Sues Credit Suisse Over $17 Billion AT1 Bond Wipeout
Bloomberg· 2 days agoHedge fund Appaloosa LP became the latest to sue over the $17 billion wipeout of high-risk bonds...
UBS flags 'serious' concern about new Swiss capital requirements
Reuters via Yahoo Finance· 1 day agoThe government laid out plans two weeks ago for how to police banks deemed "too big to fail" to...
