UBS and Credit Suisse to continue to operate independently for the foreseeable future
UBS Group AG will initially manage the two separate parent companies – UBS AG and Credit Suisse AG.
UBS
Swiss regulator publishes annual assessment of systemically important institutions for 2022
The Resolution report does not take account of subsequent events, in particular the merger of UBS and Credit Suisse.
UBS attracts $28bn of net new money in GWM in Q1 2023
In the first quarter, UBS attracted $28bn of net new money in GWM, of which $7bn came in the last ten days of March.
Christian Bluhm to remain UBS Group Chief Risk Officer for the foreseeable future
Due to the planned acquisition of Credit Suisse, Christian Bluhm has agreed to remain in his role as Group Chief Risk Officer.
Swiss authorities order cuts to remuneration of Credit Suisse top management
Credit Suisse also has to examine whether variable remuneration already paid out can be recovered.
UBS executes first cross-border intraday repo trade on Broadridge DLR platform
UBS and a global Asian bank have executed the first cross-border intraday repo transaction on Broadridge’s DLR platform.
Major banks rebuff FX price fixing claims
HSBC, JPMorgan, Citi, Barclays, BofA, and UBS have managed to beat claims that they conspired to fix prices in the FX market.
FINMA provides info about write-down of Credit Suisse AT1 capital instruments
The Swiss FINMA explains the basis for the complete write-down of the nominal value of AT1 capital instruments issued by Credit Suisse.
UBS announces Credit Suisse acquisition paying CHF 3 billion
The UBS-Credit Suisse discussions were initiated jointly by the Swiss Finance ministry, FINMA, and the Swiss National Bank.
Swiss authorities pushing UBS takeover of Credit Suisse for just $1B: FT
UBS is offering just CHF 0.25 per share for Credit Suisse, which would value CS at just USD $1B – only 1/7 of its current $7B market cap.
