Tag: Credit Suisse takeover

UBS Group AG announced on Friday that it has ended its agreement with the Swiss government to cover losses incurred as a result of the bank's takeover of rival Credit Suisse. This is a sign that the combined company is on track in a...

UBS Group AG has confirmed that it will implement significant changes to its global investment banking division as soon as Monday in an effort to integrate Credit Suisse following its acquisition, sources close to the matter confirmed. UBS completed its takeover of Credit Suisse...

UBS Group has decided to retain accounting firm EY as its external auditor, the Financial Times reported on Sunday. EY has been tasked with auditing Credit Suisse's accounts from 2024 which will require the firm to call in staff from other countries to assist...

UBS Group AG is not looking to launch an IPO for Credit Suisse's domestic unit, Swiss newspaper Schweiz am Wochenende reported on Saturday. According to the newspaper, UBS CEO Sergio Ermotti believes that taking this unit public could actually strengthen the bank's international competitors....

UBS confirmed on Monday that it has completed its takeover of Credit Suisse, almost three months after embarking on a Swiss government-backed acquisition of the investment bank. "This is a very important moment — not just for UBS, (but) for Switzerland as a financial location...

UBS is considering delaying the release of its quarterly results until the end of August, citing the complexities of integrating the newly-acquired Credit Suisse into its organization. The Swiss banking giant is currently set to report its April-June results on July 25. A notice on...