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UBS
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UBS (SWX: UBSG) in the present day (Monday) confirmed the compilation of its takeover of Credit score Suisse, making a mammoth Swiss financial institution with a stability sheet of trillion and a workforce of “That is the beginning…
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Regulation
Switzerland Offers $10B Loss Assure to UBS for Credit score Suisse Takeover
by Jeremyby JeremyThe Swiss authorities has sealed a cope with UBS to cowl as much as CHF 9 billion ($10 billion) in losses that is likely to be incurred by the worldwide lender because of its liquidation of rival Credit score Suisse’s…
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UBS Group mentioned as we speak (Monday) that it’s anticipating to shut the acquisition of rival Credit score Suisse Group “as early as 12 June,” which can create a Swiss banking large with a stability sheet of “UBS…
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Regulation
Swiss Lawmakers Wish to Cap UBS Belongings Following Credit score Suisse Takeover
by Jeremyby JeremyUBS, the Swiss banking big that acquired troubled Credit score Suisse, may have its belongings decreased to 1 / 4 of its holdings if a proposal by a piece of lawmakers in Switzerland succeeds, in line with a neighborhood media…
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Regulation
UBS’ Q1 Revenue Dips 52% as a result of an Elevated Authorized Provision
by Jeremyby JeremyThe Swiss banking large, UBS ended the primary quarter of 2023 with a 52 annual drop in its revenue, primarily as a result of a provision of $665 million for a US residential mortgage-backed securities litigation The financial…
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After the resolution to take over the troubled Swiss lender Credit score Suisse, UBS Group AG revealed plans to put off as a lot as 30% of its present workforce, translating to roughly 36,000 SonntagsZeitung first reported the info,…
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Switzerland’s federal prosecutors have opened an investigation in opposition to the rushed takeover of Credit score Suisse by rival UBS for attainable violations of the nation’s legal legal On Sunday, the Swiss lawyer basic’s workplace confirmed its investigation into…
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Broadridge Monetary Options, (NYSE:BR) introduced as we speak that UBS (NYSE:UBS) has efficiently executed the primary cross-border intraday repo transaction on Broadridge’s Distributed Ledger Repo (DLR) The transaction was executed in cooperation with a ‘world Asian financial institution’…
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UBS, a Swiss world funding financial institution, which agreed to purchase troubled Credit score Suisse final week, is bringing again its former CEO, Sergio Ermotti, to supervise the advanced acquisition Acquisition Acquisition means buying or taking possession or the…