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Explainer-After Credit Suisse takeover, UBS gives first glimpse of new group - Vimarsana News

Explainer-After Credit Suisse takeover, UBS gives first glimpse of new group

UBS will publish on Aug. 31 its first earnings report since a hastily arranged takeover of its Swiss rival Credit Suisse, shedding new light on the deal's impact and the inner workings of the new banking giant. UBS's results will include a separate disclosure for Credit Suisse, granting a more detailed overview of its problems, which UBS has now taken on. The information will show the extent of the damage to Credit Suisse's standing with customers and, in particular, its stricken wealth management arm, in the wake of the bank's rescue, arranged over one March weekend by S...

Source: yahoo.com
biggest banking rescue: After Credit Suisse takeover, UBS gives first glimpse of new group - Vimarsana News

biggest banking rescue: After Credit Suisse takeover, UBS gives first glimpse of new group

UBS is set to release its first earnings report since acquiring Credit Suisse, providing insight into the impact of the deal. The report will include a separate disclosure for Credit Suisse, revealing the extent of damage to its standing and wealth management arm. Analysts will also be looking for signs of clients leaving UBS, as some may move their money elsewhere to mitigate risk. UBS's decision on what to do with Credit Suisse's Swiss arm is eagerly awaited, with options including spinning it off or fully integrating it. Job cuts and the size of the restructuring program will also be closel...

After Credit Suisse takeover, UBS gives first glimpse of new group - Vimarsana News

After Credit Suisse takeover, UBS gives first glimpse of new group

UBS will publish on Aug. 31 its first earnings report since a hastily arranged takeover of its Swiss rival Credit Suisse, shedding new light on the deal's impact and the inner workings of the new...

Winners and losers likely as Switzerland absorbs Credit Suisse layoffs - Vimarsana News

Winners and losers likely as Switzerland absorbs Credit Suisse layoffs

Switzerland's financial capital is bracing itself for the biggest wave of job losses in over a decade following Credit Suisse's collapse earlier this year. Since the government...

UBS names new head for India wealth management business - Vimarsana News

UBS names new head for India wealth management business

UBS' flagship global wealth management business on Thursday announced a raft of management changes triggered by the Swiss bank's takeover of Credit Suisse. Several former Credit ......