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Swiss Bank UBS To Cut 35,000 Jobs After Credit Suisse Rescue: Report
Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.
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Swiss Parliament Rejects $129.82 Billion Aid For Credit Suisse-UBS Merger
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.
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Hong Kong Banking Shares Dip Amidst UBS's Takeover Of Credit Suisse
Banking shares in Hong Kong tumbled in early trade on Monday, even as the city's monetary authority said the sector had "insignificant" exposure to troubled Swiss banking giant Credit Suisse.
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As UBS Acquires Credit Suisse, Central Banks Try To Calm Jittery Markets
Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal.
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Credit Suisse Says Biggest Swiss Bank's $1 Billion Takeover Offer Too Low
UBS Group AG is offering to buy Credit Suisse Group AG for as much as $1 billion, a deal that the troubled Swiss firm is pushing back on with backing from its biggest shareholder.
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European Union Fines Banks 371 Million Euros Over Bond Trading Cartel
The European Commission fined top banks including UBS and Unicredit a total of 371 million euros ($452 million) on Thursday for running a bond-trading cartel during the worst years of the eurozone debt crisis.
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UK Court Asks Vijay Mallya To Pay 88,000 Pounds To Swiss Bank
Fugitive Indian businessman Vijay Mallya on Thursday faced a major setback in his battle to save his luxurious London house from foreclosure by Swiss bank UBS after the United Kingdom (UK) High Court rejected scores of the arguments presented by his legal team during the trial of the matter.
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In Legal Battle To Save His London Home, Setback For Vijay Mallya
Liquor tycoon Vijay Mallya on Wednesday faced a setback in his battle to save his posh London home from foreclosure by Swiss bank UBS after the UK High Court rejected many of the arguments relied on by his legal team.
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Vijay Mallya Fights To Save Plush London Home From Bank Takeover
UBS Group AG is trying to foreclose on a 20.4 million-pound ($26.6 million) mortgage loan on former billionaire Vijay Mallya's London house, which overlooks the capital's Regent's Park.
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Why UBS Is Bullish On Autos, Private Banks, IT Stocks
The brokerage estimates "no returns from the Nifty in 2018" and has set the index target at 10,500 for this December.
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As India Waits For Vijay Mallya, UK Judge's Order Makes Officials Nervous
A court in Britain, which will decide on India's request to extradite liquor baron Vijay Mallya, has refused to send another fugitive after an expert cited "unsafe, inhuman and degrading" conditions in Delhi's Tihar jail
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These 2 Indian Cities are Among the Cheapest in the World, Says Report
Delhi and Mumbai are among the cheapest cities in the world to live in, according to a report by Swiss Bank UBS. Mumbai is slightly pricier than Delhi.
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UBS finds unauthorized trading loss of $2 billion
Swiss bank UBS AG said on Thursday it has discovered that unauthorized trading by one of its staff has caused an estimated loss of $2 billion, and warned it could result in a loss for the entire third quarter.
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Swiss bank to open vaults holding Kafka works
Manuscripts and drawings of Franz Kafka are to be extracted from the vaults of Swiss bank UBS, amid litigation over ownership rights of the estate, Swiss press reported on Friday.
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Swiss Bank UBS To Cut 35,000 Jobs After Credit Suisse Rescue: Report
Swiss banking group UBS plans to cut 35,000 jobs at Credit Suisse -- more than half its workforce -- as part of the emergency rescue takeover of its rival in March, according to a report by Bloomberg News on Tuesday.
-
Swiss Parliament Rejects $129.82 Billion Aid For Credit Suisse-UBS Merger
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.
-
Hong Kong Banking Shares Dip Amidst UBS's Takeover Of Credit Suisse
Banking shares in Hong Kong tumbled in early trade on Monday, even as the city's monetary authority said the sector had "insignificant" exposure to troubled Swiss banking giant Credit Suisse.
-
As UBS Acquires Credit Suisse, Central Banks Try To Calm Jittery Markets
Some of the world's largest central banks came together on Sunday to stop a banking crisis from spreading as Swiss authorities persuaded UBS Group AG to buy rival Credit Suisse Group AG in a historic deal.
-
Credit Suisse Says Biggest Swiss Bank's $1 Billion Takeover Offer Too Low
UBS Group AG is offering to buy Credit Suisse Group AG for as much as $1 billion, a deal that the troubled Swiss firm is pushing back on with backing from its biggest shareholder.
-
European Union Fines Banks 371 Million Euros Over Bond Trading Cartel
The European Commission fined top banks including UBS and Unicredit a total of 371 million euros ($452 million) on Thursday for running a bond-trading cartel during the worst years of the eurozone debt crisis.
-
UK Court Asks Vijay Mallya To Pay 88,000 Pounds To Swiss Bank
Fugitive Indian businessman Vijay Mallya on Thursday faced a major setback in his battle to save his luxurious London house from foreclosure by Swiss bank UBS after the United Kingdom (UK) High Court rejected scores of the arguments presented by his legal team during the trial of the matter.
-
In Legal Battle To Save His London Home, Setback For Vijay Mallya
Liquor tycoon Vijay Mallya on Wednesday faced a setback in his battle to save his posh London home from foreclosure by Swiss bank UBS after the UK High Court rejected many of the arguments relied on by his legal team.
-
Vijay Mallya Fights To Save Plush London Home From Bank Takeover
UBS Group AG is trying to foreclose on a 20.4 million-pound ($26.6 million) mortgage loan on former billionaire Vijay Mallya's London house, which overlooks the capital's Regent's Park.
-
Why UBS Is Bullish On Autos, Private Banks, IT Stocks
The brokerage estimates "no returns from the Nifty in 2018" and has set the index target at 10,500 for this December.
-
As India Waits For Vijay Mallya, UK Judge's Order Makes Officials Nervous
A court in Britain, which will decide on India's request to extradite liquor baron Vijay Mallya, has refused to send another fugitive after an expert cited "unsafe, inhuman and degrading" conditions in Delhi's Tihar jail
-
These 2 Indian Cities are Among the Cheapest in the World, Says Report
Delhi and Mumbai are among the cheapest cities in the world to live in, according to a report by Swiss Bank UBS. Mumbai is slightly pricier than Delhi.
-
UBS finds unauthorized trading loss of $2 billion
Swiss bank UBS AG said on Thursday it has discovered that unauthorized trading by one of its staff has caused an estimated loss of $2 billion, and warned it could result in a loss for the entire third quarter.
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Swiss bank to open vaults holding Kafka works
Manuscripts and drawings of Franz Kafka are to be extracted from the vaults of Swiss bank UBS, amid litigation over ownership rights of the estate, Swiss press reported on Friday.
