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UBS says Credit Suisse merger to cause 3,000 Swiss job cuts

ZURICH: Banking giant UBS said Thursday that its merger with former rival Credit Suisse and full absorbtion of its Swiss unit would cause 3,000...

Hundreds of investment banks likely to be fired

Several hundred Credit Suisse investment bankers will soon be fired as UBS begins to implement the merger of the two banks, the Swiss weekly...

UBS set to carve up Credit Suisse after takeover day

ZURICH: UBS is set to finalise the takeover of Credit Suisse on Monday, but the hardest part is yet to come: turning the arranged...

Billionaires on the back foot in 2022

The number of billionaires in the world dipped in 2022 due to Russia's war in Ukraine, monetary policy tightening, stock market falls and the...

Singapore fines UBS $8 mn for deceptive trades

The city-state's central bank, the Monetary Authority of Singapore (MAS), said UBS had admitted liability for its advisors' actions and paid a civil penalty.

Swiss authorities probe seven banks for price fixing in metals market

GENEVA: Swiss competition authorities said Monday they were investigating UBS, HSBC, Deutsche Bank and four other major banks for suspected price fixing in the trade of precious metals like gold and silver.
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