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The two bank’s investment banking franchises look enticingly well-matched. But how much business and how many bankers will still be around after the merger?
UBS stepping in to save Credit Suisse with a $3.2-billion acquisition has provided the beleaguered Swiss bank's India employees a glimmer of hope.
The surprise deal - engineered by the Swiss government - has triggered optimism of fewer job losses at Credit Suisse's India unit and better synergies at key verticals, such as wealth management and investment banking.
'UBS is a much stronger hand. Coming within its fold will give Credit Suisse's wealth management and investment banking divisions a good home.
Credit Suisse extends Rs 7.5 cr aid to hospitals in India By IANS | 0 Views Credit Suisse overlooked breaches of regulations for years. Image Source: IANS News Mumbai, May 17 : As India continues to face the second wave of the Covid-19 pandemic, Credit Suisse has recently committed an additional Rs 7.5 crore ($1 million) in aid to Concern India Foundation and GiveIndia, to provide financial assistance to hospitals in Mumbai, Pune, Delhi and Bangalore. The financial aid is to be utilized to procure critical medical supplies, as well as oxygen and ICU equipment for the hospitals treating Covid-19 patients. Credit Suisse has also launched a fundraising appeal among its staff to raise money for GiveIndia's India Covid Response Fund, which will then be matched by the bank through a separate donation. The campaign has already raised more than Rs 2.8 crore ($370,000) of additional support so far.
Credit Suisse gives USD 1 million in COVID medical aid to India SECTIONS Last Updated: May 17, 2021, 03:27 PM IST Share Synopsis The funds will be utilised to procure critical medical supplies, oxygen concentrators, and ICU equipment in Mumbai, Pune, New Delhi and Bengaluru, the Swiss brokerage said in a note on Monday. Agencies Credit Suisse has extended USD 1 million (Rs 7.5 crore) to two non-profits to procure emergency drugs and other medical equipment in major cities to support India's fight against COVID-19 that has killed nearly 2.75 lakh people and infected about 2.5 crore so far. The funds will be utilised to procure critical medical supplies, oxygen concentrators, and ICU equipment in Mumbai, Pune, New Delhi and Bengaluru, the Swiss brokerage said in a note on Monday.
May 17, 2021 × Fund to be used to procure critical medical supplies, oxygen and ICU equipment for hospitals treating Covid-19 patients Credit Suisse has committed an additional ₹7.5 crore in aid to Concern India Foundation and GiveIndia, to provide financial assistance to hospitals in Mumbai, Pune, Delhi and Bangalore, to help India in its fight against the Covid-19 pandemic. The financial aid would be utilised to procure critical medical supplies, oxygen and ICU equipment for the hospitals treating Covid-19 patients, it said in a statement. Credit Suisse is also raising funds from its staff for GiveIndia’s India Covid Response Fund, which will then be matched by the bank through a separate donation. The campaign has already raised more than ₹2.8 crore of additional support so far.