Switzerland has initiated a consultation process to implement stricter regulations concerning bank bonuses, as part of a broader crackdown following the Credit Suisse crisis. The move aims to enhance financial stability and accountability within the banking sector.
UBS is reportedly buying back assets related to its acquisition of Credit Suisse, a move aimed at addressing the lingering financial implications of the merger.
Japan's second-largest lender, SMBC, is expanding into new products and riskier, higher-yielding structured credit deals, a move spearheaded by a Credit Suisse veteran, signaling a new era for Japanese banks.
A guest commentary suggests that the acquisition of Credit Suisse by UBS is a typical example of Swiss consensus politics, noting that PwC had rated CS as healthy shortly before authorities deemed it severely ill.
The Swiss Federal Criminal Court has ruled that proceedings against former Credit Suisse manager Lara Warner, in connection with the Mozambique debt scandal, must be dropped due to the statute of limitations.
The Federal Reserve has concluded its 2023 enforcement action against UBS and Credit Suisse related to the Archegos collapse. This marks the end of a significant regulatory oversight period for the banks.
The Swiss government has proposed that UBS increase its capital by $20 billion, a move aimed at strengthening the bank's financial resilience following its acquisition of Credit Suisse. This decision comes amidst ongoing discussions about stricter banking regulations.
Munich-based Autentic has secured international rights to "Game Over – The Fall of Credit Suisse," a Swiss docuseries chronicling the dramatic 2023 collapse of the once-mighty bank and its subsequent takeover by UBS.
UBS has successfully completed the migration of all Credit Suisse clients in Switzerland to its platform, marking a significant step in the integration process following the acquisition.
The co-CEO of Swiss financial group Vontobel has cautioned that Switzerland must avoid 'over-regulation' to preserve its competitiveness, particularly in the aftermath of Credit Suisse's collapse.
Following the Credit Suisse crash, the Swiss Federal Council has approved new banking regulations, including provisions that would require bankers to repay bonuses if their institution faces a crisis.
Swiss financial giant UBS is increasingly profiting from its acquisition of Credit Suisse, reporting higher earnings driven by billions in cost reductions and 16,000 job cuts since 2023.
EU officials are developing a plan to maintain credit institutions' operations during a banking crisis, three years after Swiss authorities intervened to prevent Credit Suisse's collapse, addressing a persistent issue for the EU.
Lara Warner, the former risk manager for Credit Suisse, who was once a powerful figure in Swiss finance, could face court again after the Finance Department appealed the dismissal of charges against her in the Mozambique scandal.
The Federal Reserve has announced the lifting of certain enforcement measures previously imposed on UBS and Credit Suisse in connection with the Archegos Capital Management collapse.
A team of former Credit Suisse professionals is reportedly planning to launch a $1 billion fund specifically aimed at addressing risks associated with data centers.
A judge has stated 'no case, no ruling' in a dispute concerning a settlement between Holocaust victims and Swiss banks, including Credit Suisse. The original lawsuit from the late 1990s alleged banks collaborated with Nazis by withholding victims' assets.
UBS has successfully transferred the remaining clients of its former rival, Credit Suisse, to its platform over the past weekend. The bank can now begin to realize cost advantages, though bankers involved in the process may face job losses.
UBS CEO Sergio Ermotti stated that Credit Suisse was not a bargain and cautioned against drawing incorrect conclusions from the acquisition, while also criticizing the Federal Council's stricter capital plans as excessive.
UBS CEO Sergio Ermotti stated that the integration of Credit Suisse is "almost done" and announced a new $3 billion share buyback program to run until mid-2027.
Following the Credit Suisse takeover, the Swiss National Bank is advocating for stricter regulation of UBS, stating that the major Swiss bank can already meet proposed new capital requirements.
Financier Lex Greensill has been banned for nine years from leading British companies, a penalty for the collapse of his finance firm which accelerated the downfall of Credit Suisse due to the misuse of funds from the Swiss bank's funds.
UBS is shedding several hundred jobs across Europe, the Middle East, and Africa as part of its latest round of layoffs following the Credit Suisse acquisition. This move aims to streamline operations and reduce costs.
The acquisition of Credit Suisse is proving problematic for UBS, as the bank faces demands for increased capital in Switzerland and a dispute over Nazi-era accounts in the USA, jeopardizing its growth plans.
Swiss bank UBS continues to face legal uncertainty after a judge rejected its application for clarification regarding alleged Nazi accounts at Credit Suisse, partially thwarting its goal to prevent new lawsuits.
UBS has announced it is nearing full integration of Credit Suisse after successfully completing a major IT project, marking a significant step in the merger process.