Feature UBS to begin layoffs in June post Credit Suisse buyout Aya El Sayed Apr 21, 2024 0 Swiss banking behemoth UBS will initiate five-stage layoffs starting in June as part of its cost-cutting programme…
Feature UBS Group gears up for fresh wave of job reductions Aya Anwar Apr 18, 2024 0 UBS Group is reportedly gearing up for another wave of workforce reductions following its acquisition of Credit…
Feature IMF urges major financial reforms in Switzerland Aya El Sayed Mar 28, 2024 0 The International Monetary Fund (IMF) stated on Thursday that Switzerland requires robust financial sector reforms…
Banks UBS bank plans to explore US deals Nada Ali Mar 17, 2024 0 Swiss banking giant UBS is planning to explore merger and acquisition opportunities in the United States in the…
Banks Credit Suisse withdrawals reach $68.6 bln Yassmine Elbehnaihy Apr 26, 2023 0 The Credit Suisse collapse in March was triggered by depositor withdrawals of $68.6 billion, which lead to the…
Banks UBS Q1 net profit goes down by 52% Yassmine Elbehnaihy Apr 26, 2023 0 UBS Group’s year-on-year net profit in the first quarter of 2023 has declined by 52 percent, reaching $1.03…
Banks Swiss UBS plans to cut up 20-30% of its workforce Nada Ali Apr 2, 2023 0 Switzerland’s UBS Group AG, which recently acquired Credit Suisse, plans to reduce its workforce by 20-30 percent,…
Banks Bank of England on high alert amidst current turmoil Yassmine Elbehnaihy Mar 29, 2023 0 Investors are hunting for points of weakness in banking with risks in the sector remaining high, as the Bank of…
Financial Institutions IMF chief warns against global financial stability risks Yassmine Elbehnaihy Mar 27, 2023 0 Kristalina Georgieva, International Monetary Fund chief warned on Monday against the increasing financial stability…
Banks UBS acquires Credit Suisse for $3.25 billion Norhan Adel Mar 20, 2023 0 The Swiss National Bank announced on Sunday in a statement that UBS is taking over Credit Suisse for $3.25 billion.