Swiss banking behemoth UBS will initiate five-stage layoffs starting in June as part of its cost-cutting programme …
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FeatureFinancial InstitutionsInternational NewsMoneyNews
IMF urges major financial reforms in Switzerland
by Aya El Sayedby Aya El SayedThe International Monetary Fund (IMF) stated on Thursday that Switzerland requires robust financial sector reforms following the …
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Swiss banking giant UBS is planning to explore merger and acquisition opportunities in the United States in …
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The Credit Suisse collapse in March was triggered by depositor withdrawals of $68.6 billion, which lead to …
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UBS Group’s year-on-year net profit in the first quarter of 2023 has declined by 52 percent, reaching …
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BanksFinancial InstitutionsInternational NewsNews
Swiss UBS plans to cut up 20-30% of its workforce
by Nada Aliby Nada AliSwitzerland’s UBS Group AG, which recently acquired Credit Suisse, plans to reduce its workforce by 20-30 percent, …
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BanksFinancial InstitutionsInternational NewsNews
Bank of England on high alert amidst current turmoil
Investors are hunting for points of weakness in banking with risks in the sector remaining high, as …
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BanksFeatureFinancial InstitutionsInternational NewsNews
IMF chief warns against global financial stability risks
Kristalina Georgieva, International Monetary Fund chief warned on Monday against the increasing financial stability risks, stressing on …
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BanksFinancial InstitutionsInternational NewsNewsTech/AI
UBS acquires Credit Suisse for $3.25 billion
by Norhan Adelby Norhan AdelThe Swiss National Bank announced on Sunday in a statement that UBS is taking over Credit Suisse …
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