Ulrich Korner, the final CEO of Credit Suisse, is set to leave UBS in the coming weeks, the Financial Times reported on Monday.
Credit Suisse's securities brokerage joint venture in China said its staff numbers sank 46% in 2023, a year the Swiss authorities arranged a takeover to keep the firm from collapsing.
UBS Group (UBS) intends to reduce hundreds of millions of dollars in its asset management business in order to remain profitable, per Reuters.
UBS (UBS) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street
South Korea's financial authorities have notified Credit Suisse AG it could face 50 billion won ($36.32 million) in fines over allegations it breached short-selling rules, South Korea's Chosun Ilbo da

5 Reasons Chinese Equities Have Bottomed

06:36pm, Wednesday, 24'th Apr 2024
A shift in government policy and four other bullish signals indicate that the bottom is likely in for Chinese stocks.
A new lawsuit by U.S. hedge fund Appaloosa LP accuses the former Credit Suisse of misleading investors about its health before $17 billion of its bonds were written down to zero in a government-orches
UBS has thrown a bone to metallurgical coal producers, suggesting prices should hold up over the next twelve months as Indian steel production ramps up, China demand recovers and restocking kicks in.
Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) bonds, a form of debt, more appealing to investors by protecting them from a wipeout, and also signed off on UBS
UBS Chief Investment US Equity Strategist Jonathan Golub downgraded the "Big Six" tech stocks - Amazon (AMZN), Apple (AAPL), Alphabet (GOOG, GOOGL), Nvidia (NVDA), Meta (META), Microsoft (MSFT) — fr
UBS Group (UBS) plans to cut jobs in five separate waves, starting June 2024, to save costs. The other waves are set to take place in the months of August, September, October and November.
Gerry Fowler, UBS's head of European equity strategy, says small-cap stock performance looks set to improve as central bank interest rate cuts play out.
Analysts say there could be room for both UBS and its smaller rivals to grow.
Warnings that a sharp decline in interest rates will lead to a potential fall in UK bulk annuity volumes are overdone, suggests UBS, which expects Legal & General to be a major beneficiary of the cont
Barclays named Stephen Pick of Credit Suisse as the new head of its mergers and acquisitions (M&A) business in the Europe, the Middle East and Africa (EMEA) region on Monday.
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