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Archegos founder Bill Hwang to face SEC fraud charges over $36B firm's epic collapse
Hwang's actions caused big losses for Archegos and for banks such as Credit Suisse, now part of UBS, and Nomura Holdings.
UBS to slash 3K jobs despite posting $29B profit since Credit Suisse takeover
UBS chief executive Sergio Ermotti addressed one of the major outstanding questions: how many of Credit Suisse’s tens of thousands of employees would be retained.
UBS to pay nearly $400M to settle Credit Suisse's Archegos dealings
The settlement is the first of several that UBS could have to pay after it last month closed its takeover of Credit Suisse, which was involved in a number of legal battles.
UBS reportedly to slash more than half of Credit Suisse's workforce
Bankers, traders, support staff in Credit Suisse's investment bank in London, New York, and in some parts of Asia are expected to bear the brunt, with almost all activities at...
Credit Suisse investors sue over bank's demise -- and blame 'toxic culture' at NYC office
Bondholders who suffered a $17 billion loss from Credit Suisse's downfall have filed a lawsuit against the Swiss bank's former and current executives, claiming a toxic work culture in the...
UBS flags $17 billion hit from Credit Suisse takeover
UBS estimates a negative impact of $13 billion from fair value adjustments of the combined group's assets and liabilities. It also sees $4 billion in potential litigation and regulatory costs...
Credit Suisse customers pulled $68B in assets in Q1 amid banking turmoil
The 167-year-old bank reported results for what is likely to be the last time.
Jamie Dimon slams US regulators for bank failures 'hiding in plain sight'
Dimon said the banking turmoil coupled with macroeconomic stressors make it more likely that the economy is headed for contraction.
Capsized Credit Suisse faces shareholder fury
The hastily arranged takeover by Zurich-based UBS, for which Switzerland invoked emergency legislation, bypassed Credit Suisse shareholders, who would otherwise have had a say, and largely wiped out the value...
Credit Suisse, UBS shares drop as Swiss prosecutor launches criminal probe over merger
The UBS takeover of rival Credit Suisse was engineered by Swiss authorities in a bid to rein in turmoil in global banking.
Credit Suisse helped rich clients evade taxes, hide $700M: Senate panel
According to the committee, Credit Suisse bankers helped the family of US-Latin American citizens - referred to as "The Family" - hide nearly $100 million.
UBS brings back ex-CEO after Credit Suisse deal
Ermotti will replace outgoing CEO Ralph Hamers, who will remain with the bank in an advisory role to help with the transition period.
Saudi National Bank chair resigns days after Credit Suisse comments sparked panic
Saudi National Bank Chairman Ammar AlKhudairy is stepping down “due to personal reasons."
Deutsche Bank shares drop 13% as global banking crisis anxieties swell
Deutsche Bank's stock is poised to drop for a third consecutive day as concerns abound over the stability of European banks.
Hedge fund boss shreds Credit Suisse creditors: 'Put on your big boy pants'
Gundlach said disgruntled Credit Suisse bondholders should 'look in the mirror.'
Credit Suisse rescue could spur 'tens of thousands' of layoffs: report
The culling is expected to hit hardest at Credit Suisse’s operations in Switzerland and its investment bank.
Credit Suisse gold bars, vintage swag for sale after UBS merger deal
Other branded merch up for sale included stamps, old letters, and sports bags.
'Against the law': Credit Suisse bondholders blast 'insane' UBS takeover
The holders of additional tier 1 (AT1) bonds were shocked to learn that their investments were wiped out -- a move that some say is illegal.
UBS agrees to buy troubled Credit Suisse for over $3B to 'secure financial stability'
The Swiss National Bank announced the deal on Sunday, saying that it would “secure financial stability and protect the Swiss economy.”
UBS closing in on deal to buy fellow Swiss bank Credit Suisse
Swiss bank UBS Group is closing in on a deal to take over its rival Credit Suisse amid a weekend of frenzied negotiations, according to multiple reports.