Tag: UBS
-
Up To 30 Percent Of Jobs Eliminated At UBS-Credit-Suisse!
•
In Switzerland, up to 11,000 employees could be affected by the UBS takeover of Credit Suisse. UBS Group plans to cut its workforce by between 20% and 30%, slashing as many as 36,000 jobs worldwide, Swiss newspaper Sonntagszeitung reported, citing a senior manager at UBS.
-
New Boss At UBS: Ermotti Takes Over From Hamers!
•
Sergio Ermotti is returning to the major Swiss bank UBS as Group CEO. The board of directors made this decision in light of the new challenges and priorities UBS must face following the acquisition of Credit Suisse, which UBS announced today.
-
CoCo Bonds Brash – 16 Billion Francs Declared Worthless!
•
Prices of AT1 bonds have come under pressure on Monday. The reason: with UBS’s takeover of Credit Suisse, Additional Tier 1 bonds worth around 16 billion francs were declared worthless.
-
The Credit Suisse Bail-Out Will Not End the Banking Crisis!
•
UBS is taking over its rival Credit Suisse, which has slid deep into crisis. Bantleon Chief Economist Daniel Hartmann nevertheless sees no end to the banking crisis and warns of significant setbacks on the stock market. The Swiss Market Index (SMI) has lost almost 6% in the last four weeks.
-
Credit Suisse Rejects UBS Takeover Bid!
•
Previously, UBS had offered one billion dollars for Credit Suisse, according to media reports. There should be a solution even before the stock exchanges open on Monday.
-
Ex-UBS Banker Wants To Become Headhunter Of Swiss FinTechs!
•
A former UBS strategist is opening an office in Geneva for a foreign recruitment agency, he wants to work on a specific client segment. The 38-years-old Philippe Reynier will take over as the first boss of the Swiss branch of the international executive recruiter Sheffield Haworth at the beginning of…
-
Former Co-Head Of UBS Wealth Management Advises FinTech!
•
Martin Blessing moves up to the advisory board of payment service provider Unzer. The blessing was, among other things, co-head of wealth management at UBS – and for years, CEO at one of Germany’s most important banks. With Blessing, an internationally renowned and respected leader in the financial sector is…