Latest News for: Suisse news

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UBS plans to complete Credit Suisse takeover as early as June 12

Gulf News 05 Jun 2023
UBS Group expects to complete its acquisition of Credit Suisse Group as early as June 12, it said in a statement on Monday ... after Credit Suisse merger. Credit Suisse shares will be delisted from the Swiss SIX Stock Exchange and the New York Stock Exchanges.
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Credit Suisse bankers leaving by the hundreds every week

Reuters 31 May 2023
Credit Suisse bankers, worried about their future are seeking safer employment at competitors, one person said ... In an example of competitors poaching Credit Suisse's staff, Santander, Spain’s biggest bank, has hired at least eight bankers from Credit Suisse and was targeting more, Bloomberg News reported this month.
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Credit Suisse bankers seek safer shores as uncertainty grows

Business Day 31 May 2023
Credit Suisse bankers, worried about their future, are seeking safer employment at competitors, one person said ... In an example of competitors poaching Credit Suisse's staff, Santander, Spain’s biggest bank, has hired at least eight bankers from Credit Suisse and was targeting more, Bloomberg News reported earlier in May.
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Credit Suisse owes millions to Georgia’s billionaire ex-prime minister, court says

Federal News Radio 26 May 2023
LONDON (AP) — Credit Suisse owes former Georgian Prime Minister Bidzina Ivanishvili hundreds of millions of dollars for failing to protect the billionaire’s money in a trust pilfered by a manager, a Singapore court ruled Friday, the latest scandal for the Swiss bank whose yearslong problems forced its takeover by a rival ... Business News.
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Swiss finance minister compares Credit Suisse chiefs to ‘arsonists’

La Prensa Latina 26 May 2023
“The board of directors and executive board are responsible for Credit Suisse – and not the government.” ... In other news, a Credit Suisse group unit was ordered on Friday to compensate billionaire and former Georgian prime minister Bidzina Ivanishvili by a Singapore court.
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Credit Suisse in Singapore Loses Multimillion Claim by Ex-Georgian Prime Minister - Court

Urdu Point 26 May 2023
Moscow (UrduPoint News / Sputnik - 26th May, 2023) The Credit Suisse investment banking company has lost a lawsuit in Singapore against former Georgian Prime Minister Bidzina Ivanishvili, with damages estimated at $926 million, minus $79.4 million from an earlier settlement agreement, the Singapore International Commercial Court said on Friday.
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Raiffeisen Square should change name over anti-Semitic concerns, say historians

Swissinfo 26 May 2023
Following the recent takeover of Credit Suisse by UBS, Raiffeisen is now Switzerland’s second largest banking group. Even after the news hit that the former chief executive of Raiffeisen Switzerland, ...
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Luxury stocks put pressure on European indices

The Eastern Herald 23 May 2023
Julius Baer fell 7.4% to bottom on the STOXX 600 index after the bank reported modest cash flow in the first four months of the year, disappointing investors who expected what it benefits from the difficulties of Credit Suisse.
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UBS says it was rushed into unwanted Credit Suisse rescue mergerSwitzerland's biggest bank agreed to ...

Deccan Herald 17 May 2023
UBS Group AG was rushed into buying cross-town rival Credit Suisse Group AG in a deal it did not want, as a global bank crisis worsened the latter's finances and prompted authorities to take swift action, a regulatory filing showed ... UBS considers retaining Credit Suisse's India unit ... Deccan Herald News now on Telegram - Click here to subscribe.
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UBS kitchen sink has protection from further leaks

Reuters 17 May 2023
LONDON, May 17 (Reuters Breakingviews) - New bosses often like to get the bad news out quickly, a time-honoured practice known as kitchen sinking. UBS (UBSG.S) late on Tuesday released a regulatory filing showing what the bank’s accounts may look like after its roughly $4 billion acquisition of Credit Suisse (CSGN.S) ... CONTEXT NEWS.
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European stocks closed lower on fears of the US debt crisis

The Eastern Herald 17 May 2023
UBS Group shares rose 1.1% after the Swiss bank said it expected $17 billion in financial damage from its takeover of Credit Suisse, but also expected a gain exceptional of 34.8 billion dollars. Read the Latest World News ...
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Automaker Stellantis warns over U.K. operations and calls for Brexit trade deal renegotiation

Market Watch 17 May 2023
without changes to the terms of the deal. Stellantis STLA, -1.61% STLAM, +1.42% said the deal represented a “threat” to its export business and the “sustainability” of its manufacturing operations ... Home Depot’s bad news might not just be bad news for Lowe’s. UBS estimates $35 billion gain from buying Credit Suisse, the latest huge boost to megabanks ... .
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Gustav Klimt’s ‘Insel im Attersee’ Fetches US$53 Million at Sotheby’s

Market Watch 17 May 2023
The Klimt, one of only two views of Attersee lake that the artist painted during the summers of 1901 and 1902, was expected to fetch in the neighborhood of US$45 million ... Advertisement ... Most Popular ... Home Depot’s bad news might not just be bad news for Lowe’s. UBS estimates $35 billion gain from buying Credit Suisse, the latest huge boost to megabanks.
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Banks: 10 Weeks Into The Bank Wreck. Where Do We Stand? Who's At Risk?

Investors Business Daily 15 May 2023
It's now been 10 weeks since SVB Financial became the first FDIC-insured banks to fail in 2023, sparking a string of failures and industry chaos ... X ... Comerica ... Overseas, UBS Group (UBS) acquired Credit Suisse on March 20. You can follow Harrison Miller for more stock news and updates on Twitter @IBD_Harrison ... Bank Stocks And Financial News And Analysis.
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Wall Street Journal: Joe Biden’s big bank contradiction

York News-Times 11 May 2023
6, kicked officer in face, police in Indiana say York News-Times Female Athlete of the Week Edith ‘Edie’ Kleen. UBS to take in Credit Suisse CEO as merger closes in 2 weeks.

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