Swiss parliament symbolically rejects Credit Suisse rescue
The government’s deal for UBS to buyout troubled Credit Suisse has been rejected by lawmakers. The vote is merely symbolic,…
Switzerland cuts bonus payouts for top Credit Suisse management
BERLIN -— Switzerland has instructed Credit Suisse to cancel or reduce all outstanding bonus payments for the top three levels…
Swiss prosecutor probes Credit Suisse takeover
Switzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group, the office of…
UBS to slash up to 36,000 jobs after Credit Suisse merger
The bank is looking to trim down after the bloating caused by the merger of the two Swiss banking rivals.…
Credit Suisse is still helping ultra-wealthy Americans evade taxes, Senate panel says
Credit Suisse is complicit in ongoing tax evasion by ultra-wealthy Americans, including a potentially criminal conspiracy involving the failure to…
UBS brings back Sergio Ermotti as CEO after Credit Suisse rescue
UBS is bringing back its former chief executive, Sergio Ermotti, effective April 5.
Saudi National Bank chair resigns after Credit Suisse storm
NNA – The chairman of Saudi National Bank has resigned for “personal reasons,” a regulatory filing said Monday, just after…
Too big for Switzerland? Credit Suisse rescue creates bank twice the size of the economy
The last-minute rescue of Credit Suisse may have prevented the current banking crisis from exploding, but it’s a raw deal…
The Swiss government has put a stop to some Credit Suisse banker bonuses after public backlash over the state-engineered rescue plan
Colm Kelleher, the chairman of UBS, looks to shake hands with Axel Lehmann, his counterpart at Credit Suisse, on Sunday.…
UBS shares jump on hopes for successful Credit Suisse takeover
Some optimism has returned to financial markets. But concerns remain as to whether the banking crisis is really over following…