UBS Looks to Delay Quarterly Results Following Credit Suisse Takeover
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...
UBS to Address Investors on Wednesday Following Credit Suisse Takeover
UBS Group AG is set to meet with shareholders for its annual general meeting on Wednesday as it looks to subdue their fears following the acquisition of Credit Suisse Group AG in what is the biggest bank takeover since the last financial crash.
Outgoing Chief...
UBS Could Cut 30% Of Jobs, Report Suggests
Swiss daily Tages-Anzeiger reported on Sunday that the new bank created by UBS is set to cut 20% to 30% of its workforce, as was revealed by an unnamed senior manager at UBS. The new banking entity was created by UBS's takeover of rival...
New UBS CEO Appeases Investors By Playing Down Recent Takeover Concerns
Sergio Ermotti, the newly-appointed CEO of UBS, has sought to appease investors who are expressing anxiety over the bank's recent takeover of Credit Suisse and the size of the new combined entity. The combined bank would hold $1.6 trillion in assets and have over...