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UBS’s Ermotti Starts the Race. His Job Is the Prize

Karofsky and Khan start as frontrunners to be the Swiss bank’s next boss.

UBS’s Ermotti Starts the Race. His Job Is the Prize
Published on May 30, 2024 04:55 PM IST
Bloomberg |

UBS Returns to Profit as Wealth, Investment Bank Drive Beat

UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year.

UBS Returns to Profit as Wealth, Investment Bank Drive Beat
Published on May 07, 2024 10:54 AM IST
Bloomberg |

UBS layoffs: Next round of job cuts planned in Credit Suisse integration

UBS layoffs: UBS' takeover of Credit Suisse, biggest bank merger since 2008 global financial crisis, was hastily arranged by Swiss authorities in March 2023.

Signs of Swiss bank giant UBS bank are seen in Basel.(AFP)
Published on Apr 18, 2024 09:41 AM IST
Reuters |

UBS to cut more than half of workforce at Credit Suisse: Report

Analysts had warned that huge job losses were likely because of the overlapping activities at two of the world's most important banks.

The logos of the Swiss banks Credit Suisse and UBS are pictured in Zurich, Switzerland, June 12.(AP)
Published on Jun 28, 2023 08:27 AM IST
AFP |

Over $68 billion withdrawn from Swiss' Credit Suisse ahead of UBS merger

Credit Suisse-UBS merger: Switzerland's long-time second largest bank saw 61.2 billion Swiss francs ($68.6 billion) withdrawn in the first quarter alone.

The bank also reported deceptively bloated net profits for the quarter,(Reuters)
Published on Apr 24, 2023 04:25 PM IST
AFP |
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