Credit Suisse

Business

UBS sets aside €800 million for investors hit by Greensill collapse

After taking over Credit Suisse in 2023, Swiss bank UBS is now clearing up the mess left by its former rival.

17/06/2024

Markets

UBS stock rises as Swiss banking giant launches €1.8bn share buyback

UBS stock rose on Tuesday morning as the Swiss banking giant announced in a statement on its website that it was launching a share buyback of $2 billion (around €1.8bn) over the next two years.

02/04/2024

Business

How much did Europe's best-paid bank boss earn last year?

The highest amount went to Swiss bank UBS' CEO Sergio Ermotti, who has overseen the government-brokered rescue of Credit Suisse.

28/03/2024

Business

Swiss bank chief Thomas Jordan resigns after more than a decade

The longest-serving major central bank governor will step down after a 12-year stint with the SNB.

01/03/2024

Business

Swiss banking giant UBS sees hopeful future, despite present losses

The Swiss bank has reported pre-tax losses in the last three months of 2023 but has impressive goals, including raising dividends.

06/02/2024

Business

UBS shares up by 4% despite $785 million loss following Credit Suisse

UBS shares were up by 4% as the Swiss banking giant cut costs faster than expected while moving forward with its merger with rival Credit Suisse.

07/11/2023

Switzerland

Euroviews. Social media bank runs broke Credit Suisse and SVB. It's about trust

With the possible recession that’s currently brewing, the most recent crises in the sector show that banks have to be more open-minded to less traditional forms of reputation strategy, Ran Blayer writes.

25/04/2023

Economy

Explained: Why the EU's banking union is still unfinished business

The banking union was first pitched in 2012, at the height of the eurozone crisis, but the project remains incomplete to this day.

27/03/2023

Economy

ECB ready to preserve 'as necessary' the eurozone's stability: Lagarde

Christine Lagarde's comments come in the midst of persistent turmoil across Europe's banking sector.

20/03/2023

Switzerland

Central banks move to prevent crisis after UBS buys Credit Suisse

The deal serves as a buffer to ease tensions in global funding markets

20/03/2023

Switzerland

UBS to acquire troubled rival Credit Suisse in Swiss government deal

The Swiss central bank is extending a line of credit up to CHF 100 billion (€100 billion) to UBS and Credit Suisse.

19/03/2023

Switzerland

Credit Suisse to borrow €51 billion from Swiss central bank

Credit Suisse said it would exercise an option to borrow up to €51 billion from Switzerland's central bank

16/03/2023

Europe News

EU should 'stay alert' after Silicon Valley Bank collapse: McGuinness

"Higher inflation and rising interest rates present different challenges to financial stability," said European Commissioner Mairead McGuinness.

15/03/2023

Switzerland

European banks plunge, dragged down by Credit Suisse

On the Paris stock exchange, French bank Société Générale fell by 10.6% and BNP Paribas by 10.3% - marking the biggest decline in the session since 24 February 2022 for Société Générale and since 16 March 2020 for BNP Paribas.

15/03/2023

Switzerland

Credit Suisse leak alleges bank stashed billions in illicit funds

Credit Suisse 'strongly rejects' the accusations.

21/02/2022

Switzerland

Credit Suisse chairman resigns after alleged COVID breaches

Antonio Horta-Osorio has quit following an internal investigation, saying 'a number of my personal actions have led to difficulties for the bank'.

17/01/2022