SPDR Regional Banking ETF (KRE) advanced as much as 2.1% on Monday, after dropping 14% last week, following the news of a Swiss government-engineered takeover of troubled lender Credit Suisse by UBS.
Risky debt issued by several European banks in response to the 2008 global financial crisis was under sharp pressure in New York trading on Monday after regulators orchestrated a sale of Credit Suisse
When Ralph Hamers emerged from days of emergency talks that ended with his Swiss banking giant rescuing its arch-rival Credit Suisse on Sunday, the bleary-eyed UBS CEO called it a "sad day" that no on
A weekend of frantic dealmaking changed everything for UBS.
S&P Global Ratings revised its outlook on UBS UBS, +4.30% to negative on Monday, and said it expects the integration of large parts of Credit Suisse's CS, -52.39% investment banking activities to carr
All eyes are currently on the crucial two-day FOMC meeting to see whether the hawkish central bank will go for a 50-bps hike or a smaller one or a halt following the latest crunch in the financial sec
UBS Group AG (NYSE:UBS ) UBS Acquisition of Credit Suisse Conference Call March 19, 2023 5:00 PM ET Company Participants Sarah Mackey - Head of IR Colm Kelleher - Chairman of the Board Ralph Hamers -
On a Monday call, the overarching view from executives was that "this is very rushed," and "nobody has a clue what happens next," an insider said.
The big question is whether the Fed will pause in light of current banking events.
UBS Group's (UBS) buyout of Credit Suisse is expected to generate an annual run-rate of cost reductions of more than $8 billion and be accretive to EPS by 2027.
Week Opens With All Eyes Set on Fed FOMC Meeting.
UBS acquired Credit Suisse in a rescue takeover this weekend. But neither side seemed to be too happy about the outcome.
The holders of additional tier 1 (AT1) bonds were shocked to learn that their investments were wiped out -- a move that some say is illegal.
UBS Group (UBS) has agreed to acquire the crisis-hit Credit Suisse Group (CS) in an emergency rescue deal engineered by Swiss authorities to prevent the meltdown spreading through the global financial
Credit Suisse  was saved from the verge of a catastrophic bankruptcy thanks to the purchase of the bank by UBS, the biggest bank in Switzerland. The transaction was intended to soothe the mounting wo
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