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UBS to Shut Thousands of Smaller Credit Suisse Accounts in AsiaUBS Group AG is planning to shut smaller-value Credit Suisse accounts numbering in the low thousands at its Asia Pacific wealth management arm to exit relationships with poor returns, according to people familiar with the matter.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
UBS, Apollo Agree to Change Deal Terms for Credit Suisse’s SPGUBS Group AG agreed to sell $8 billion in unwanted assets to Apollo Global Management Inc. as part of the carve-out of Credit Suisse’s securitized products group, after renegotiating key parts of the accord.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
UBS Hints CEO Ermotti Could Stay After Credit Suisse IntegrationUBS Group AG Chief Executive Officer Sergio Ermotti could remain at the helm of the Swiss bank even after the integration process with Credit Suisse is complete.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Credit Suisse Takes Fight Over $743 Million Awarded to Billionaire to Singapore’s Top CourtA unit of defunct lender Credit Suisse will seek to overturn an order to pay $743 million to a billionaire client over the actions of a notorious rogue banker at Singapore’s top court on Monday.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
UBS SuMi to Acquire Credit Suisse’s Wealth Business in JapanUBS Group AG’s joint venture firm in Japan will acquire Credit Suisse’s wealth management business in the country, according to people familiar with the matter, following the lender’s takeover of its smaller Swiss rival last year.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
UBS Powers Past $100 Billion One Year After Credit Suisse ShockOn the first anniversary of UBS Group AG’s historic takeover of its former rival Credit Suisse, it’s becoming clear just how advantageous the deal has been for the bank. It has pushed its market capitalization past $100 billion to the highest level in almost 16 years and cemented its leading role in global wealth management.
Source: BNNBloomberg - 🏆 83. / 50 Read more »