Ubs

Among the many concerns over the new megabank created by the merger of UBS and the beleagured Credit Suisse is how it will affect jobs and competition in Switzerland's banking sector.

UP Board Result 2023: The Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) is all set to announce the much-awaited UP Board Result 2023 for Classes 10 and 12 today.

Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover.

Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's hastily arranged rescue without a largely symbolic parliamentary blessing.

Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively.

Swiss financial regulator Finma is probing how to hold bosses at Credit Suisse to account following its emergency takeover by rival UBS, a media report said on Sunday.

UBS Group AG wealth boss Iqbal Khan is working the phones and criss-crossing the globe to thwart the potential loss of top Credit Suisse Group AG bankers and clients as competitors seek to exploit the turmoil surrounding the Swiss lender.

The speed at which depositors fled Silicon Valley Bank this month - withdrawing $42 billion in 24 hours - has left authorities confronting a new risk: the social media-driven bank run.

Shares of U.S. regional lenders including battered First Republic Bank surged on Tuesday as fears of a wider banking crisis abated and investors turned their focus to the U.S. Federal Reserve's next move.

Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff.

Days after it was rescued in an emergency buyout, Credit Suisse gathered hundreds of clients in an upscale Hong Kong hotel on Tuesday for a glitzy investment conference where they were told to "embrace the new reality".

Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need a second rescue to stay afloat, bucking a broader rally in bank shares driven by UBS Group's state-backed takeover of Credit Suisse.

A decision to write down Credit Suisse's additional tier-1 bonds to zero after the bank agreed to be bought by UBS will weigh on the pricing of such notes and spook investors, Citi analysts said on Tuesday.

UBS Group AG is emerging as a rare winner in Credit Suisse Group AG's crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.

Shares closed lower on Monday with investors fretting about contagion risks in the global banking system, as relief from a historic Swiss-backed acquisition of troubled Credit Suisse by UBS Group turned out to be short-lived.

Among the many concerns over the new megabank created by the merger of UBS and the beleagured Credit Suisse is how it will affect jobs and competition in Switzerland's banking sector.

UP Board Result 2023: The Uttar Pradesh Madhyamik Shiksha Parishad (UPMSP) is all set to announce the much-awaited UP Board Result 2023 for Classes 10 and 12 today.

Tens of billions were withdrawn from Credit Suisse in the first three months of 2023, the bank's earnings report showed Monday, providing clues to the towering challenges ahead as UBS prepares an emergency takeover.

Switzerland's parliament rejected on Wednesday the government's 109 billion Swiss francs ($120.82 billion) aid for Credit Suisse's merger with UBS, leaving the fallen bank's hastily arranged rescue without a largely symbolic parliamentary blessing.

Before the merger, UBS and Credit Suisse had employed slightly more than 72,000 and 50,000 people, respectively.

Swiss financial regulator Finma is probing how to hold bosses at Credit Suisse to account following its emergency takeover by rival UBS, a media report said on Sunday.

UBS Group AG wealth boss Iqbal Khan is working the phones and criss-crossing the globe to thwart the potential loss of top Credit Suisse Group AG bankers and clients as competitors seek to exploit the turmoil surrounding the Swiss lender.

The speed at which depositors fled Silicon Valley Bank this month - withdrawing $42 billion in 24 hours - has left authorities confronting a new risk: the social media-driven bank run.

Shares of U.S. regional lenders including battered First Republic Bank surged on Tuesday as fears of a wider banking crisis abated and investors turned their focus to the U.S. Federal Reserve's next move.

Tens of thousands of jobs could disappear in Switzerland following UBS's emergency takeover of its troubled rival Credit Suisse, observers warned Tuesday, as unions demanded a rescue package for banking staff.

Days after it was rescued in an emergency buyout, Credit Suisse gathered hundreds of clients in an upscale Hong Kong hotel on Tuesday for a glitzy investment conference where they were told to "embrace the new reality".

Shares of U.S. lender First Republic tumbled nearly 50% on Monday on fears it will need a second rescue to stay afloat, bucking a broader rally in bank shares driven by UBS Group's state-backed takeover of Credit Suisse.

A decision to write down Credit Suisse's additional tier-1 bonds to zero after the bank agreed to be bought by UBS will weigh on the pricing of such notes and spook investors, Citi analysts said on Tuesday.

UBS Group AG is emerging as a rare winner in Credit Suisse Group AG's crisis after a historic, government-brokered deal that contains a raft of financial shock absorbers.

Shares closed lower on Monday with investors fretting about contagion risks in the global banking system, as relief from a historic Swiss-backed acquisition of troubled Credit Suisse by UBS Group turned out to be short-lived.