UBS expects to complete its takeover of Credit Suisse "as early as June 12", which will create a giant Swiss bank with a balance sheet of $1.6 trillion following a government-backed rescue earlier ...

UBS expects to complete the acquisition of Credit Suisse as early as 12 June 2023. At that time, Credit Suisse Group AG will be merged into UBS Group AG. Completion is subject to the registration ...

Lower expenses related to the Credit Suisse takeover, coupled with cost savings and exits from noncore assets, helped UBS make a net profit of $1.755 billion for the first three months of the year.

UBS embarked on a more than $10 billion cost cutting plan on Thursday, saying it will axe 3,000 jobs in Switzerland alone after swallowing up its stricken rival Credit Suisse.

Zurich, 12 June 2023 – UBS has completed the acquisition of Credit Suisse today, crossing an important milestone. Credit Suisse Group AG has been merged into UBS Group AG and the combined entity will ...

Credit Suisse failed to adequately identify the true beneficial owners of the accounts, held between 2014 and June 2023, the Justice Department said. UBS said it will pay $371.9 million for Credit ...

UBS completes Credit Suisse takeover to create bank titan The acquisition sets UBS up for a windfall gain in the tens of billions of dollars Last updated: June 12, 2023 | 13:55 ...

UBS UBS has agreed to buy rival Credit Suisse CS for CHF 3.0 billion (USD 3.2 billion) as Swiss authorities sought to restore confidence in the financial system.

Switzerland proposed some of the toughest capital rules in the world on banking giant UBS, an effort to prevent another Credit Suisse-style meltdown, protect taxpayers and restore the country’s ...

The Swiss government on Friday proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital, following its 2023 takeover of stricken ...

That is at the top end of a $15 billion to $25 billion range previously flagged by the government and would lift UBS’s headline capital ratio to around 15% to 17% from 14.3% as of the end of ...

UBS is expected to generate around $12 billion [per annum] in profits with a dividend of about $3 billion, which means the bank can "fulfill its 'capital gap' by 2033+ and still continue with ...