Swiss bank, including potentially keeping the unit’s investment banking operations while selling the rest, two people familiar with the matter told Reuters.
The considerations are at an early stage as UBS is focused on completing that takeover and it may not make a final decision on whether to pursue an IPO for months, another person said.UBS is racing to complete the state-backed rescue takeover of Credit Suisse that will create a banking giant overseeing more than $5 trillion in total invested assets.
Credit Suisse’s Swiss bank is one of the lender’s four operating units and is seen as the jewel in the crown. The unit reported pre-tax income of 1.5 billion Swiss francs in 2022.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Loans Loans Latest News, Loans Loans Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
How to protect your credit rating even when you're struggling to make ends meetWhat you don’t know about credit could inadvertently hurt you. Find out more.
Source: financialpost - 🏆 7. / 85 Read more »
‘Buy now, pay later’ online purchasing programs are taking off — but providers aren’t reporting growing debts to credit bureausReport from the World Economic Forum and Deloitte warns that lack of credit-bureau reporting of the short-term, point-of-sale loans, could lead to bank loan delinquencies.
Source: TorontoStar - 🏆 60. / 55 Read more »
Alberta election: Rachel Notley promises to create more jobs | Globalnews.caLeader Rachel Notley says an NDP government would also create a new tax credit to spur investment in areas including cleantech and critical minerals processing.
Source: GlobalCalgary - 🏆 50. / 61 Read more »
Canada ‘threw a hissy fit’ over U.S. EV credits before gaining exception: envoy - National | Globalnews.caU.S. ambassador to Canada David Cohen took credit for laying the groundwork for Canada's successful lobbying and insisted the U.S. is not pursuing protectionist trade policies.
Source: GlobalNational - 🏆 81. / 51 Read more »
CI Financial cut to junk by S&P before firm drops coverageCI Financial Corp was cut to junk by S P Global Ratings before the credit firm withdrew its ratings at the asset manager’s request. Read on.
Source: fpinvesting - 🏆 43. / 63 Read more »
Canada still not counting emissions from logging sector, says reportCanada gives its logging industry credit for the carbon absorbed by trees planted after a wildfire, and in so doing, erases carbon pollution from one of its largest emitting sectors, the report says.
Source: BurnabyNOW_News - 🏆 14. / 77 Read more »