The until now head of communications at Credit Suisse, Markus Jaggi, will take charge of that responsibility at the Swiss Financial Markets Supervisory Authority (Finma), it reported in a statement. Jaggi, in charge of communications at Credit Suisse in its last years as an independent entity and in the first year after its purchase by […]
Tag: Credit Suisse
OECD warns that Credit Suisse bailout a year ago creates new risks for Switzerland
The purchase a year ago Credit Suisse by UBSat the request of the Swiss Government to save the first of these entities from bankruptcy, has generated new risks and challenges for the Swiss economy, warns this Thursday the Organization for Economic Cooperation and Development (OECD). In a report on the general situation of the Swiss […]
Swiss banks UBS and Credit Suisse officially begin their merger process
The two main Swiss banks, UBS and Credit Suisse, officially began their merger process today with the approval of this process by their boards of directors, after the former acquired the latter on March 19 and this purchase was completed on June 12. “After the approval of each of the boards, both entities enter into […]
UBS Bank replaces Credit Suisse as main sponsor of Swiss football
the swiss bank UBS will be the main sponsor of the Swiss Football Association (ASF), replacing Credit Suisse, acquired by the first entity in March, as indicated in a statement. UBS will only continue the agreement that Credit Suisse had with the ASF since 1993, which will continue at least until 2028, the business note […]
UniCredit and Credit Suisse are removed from the list of systemic banks
The Financial Stability Board (FSB) published this Monday its annual list of systemic banks in the world, which this time includes UniCredit, the only Italian entity that appeared until now, and the ill-fated Credit Suissewhile the Chinese Bank of Communications enters. With these changes, systemic banks go from 30 in 2022 to 29 in this […]
From Lehman Brothers to Credit Suisse, 15 years of changes in the financial sector
Between the fall of Lehman Brothers in 2008 and the rescue of Credit Suisse This year, the financial sector has changed significantly over the past 15 years, marked by a wave of acquisitions and increased regulation. Greater regulation Since the 2008 crisis, banks have been forced to adopt greater regulation due to pressure from regulatory […]
World wealth fell in the last year, according to Credit Suisse-UBS
The world wealth declined in 2022 for the first time since 2018 mainly due to the appreciation of the dollar against several currencies and inflation, which caused a reduction in private net worth of $11.3 billion or 2.4% less than the previous year, according to the report annual wealth report from Credit Suisse-UBS bank. Financial […]
Credit Suisse: New lawsuit reaches Swiss court against sale to UBS
A Zurich court dedicated to commercial issues received a second lawsuit in a single day on Monday against the bank’s conditions of sale. Credit Suisse to his rival UBS. Start-up Legalpass filed a class action lawsuit on behalf of 3,000 small Credit Suisse shareholders alleging that UBS made an inordinate profit in a highly profitable […]
European Commission unconditionally approves Credit Suisse bailout by UBS
The European Commission approved this Thursday without imposing any type of condition the Credit Suisse takeover by UBS understanding that the transaction does not raise competition concerns in the EU, the institution reported in a statement. The Community Executive explained that his investigation showed that the absorption “will not significantly reduce competition” in markets where […]
UBS CEO in favor of investigating past years of tenure at Credit Suisse
The CEO of UBSToday, Sergio Ermotti, was in favor of carrying out a “complete investigationabout the causes that led to the fall of Credit Suisseacquired by the first of these banks in March, and stated that the investigations should go back to years of efforts. “It is crystal clear that the situation has not been […]