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The Zurich-based lender’s agreement with the U.S. Justice Department will resolve the remaining consumer relief obligations from the 2017 settlement, UBS said Monday.
Dario Item plays a key role in a $17B Credit Suisse bond case that could reshape global investment laws. A landmark $17 ...
Stand-off in a country with long history of poll violence fuels concern over future of star west African economy ...
Zacks Investment Research on MSN1d
UBS Group to Miss Workforce Reduction Goal Post CS Takeover
UBS Group AG UBS is falling behind the plan to reduce its workforce to 85,000 by the end of the Credit Suisse (“CS”) ...
UBS has agreed to pay $300mn to resolve a legacy Credit Suisse case in the US related to the mis-selling of residential mortgage-backed securities in the run-up to the 2008 financial crisis.
UBS completed its emergency takeover of embattled rival Credit Suisse in June, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet and a workforce of 120,000.
The deal settles Credit Suisse’s outstanding obligations relating to mortgage-backed bonds sold before the 2008 financial crisis.
UBS, which acquired Credit Suisse in 2023, said Monday (Aug.4) that it has agreed to pay $300 million to bring the legacy ...
UBS agreed in March to buy Credit Suisse for $3.4 billion in stock and to assume up to 5 billion francs in losses that would stem from winding down part of the business, in a shotgun merger ...
A photo taken on November 4, 2020, shows signs Credit Suisse bank and Swiss bank UBS, in Geneva. UBS said Monday that its takeover of Credit Suisse is now complete.
Credit Suisse has been ordered to pay billionaire Bidzina Ivanishvili, Georgia’s richest man and the country’s former prime minister, $926 million in compensation for failing to safeguard his ...
Credit Suisse investors also have sued the country's financial regulators after about 16 billion Swiss francs ($17.7 billion) in higher-risk bonds were wiped out.
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