Search results
Results from the WOW.Com Content Network
UBS will keep the Swiss business of Credit Suisse but will retire its brand. UBS says it plans to cut costs by $10 billion. UBS also announced at the end of August 2023 that money outflows have stopped at Credit Suisse. [76] UBS announced a record profit of nearly $30 billion in the second quarter of 2023 following the acquisition of Credit ...
Chapter 11 bankruptcy and liquidation financial company [58] April 10, 2009: New Frontier Bank: Chapter 11 bankruptcy and liquidation Bank [59] April 17, 2009: American Sterling Bank: Metcalf Bank: Bank [60] April 24, 2009: American Southern Bank: Georgia Department of Banking and Finance: Bank $ 216,600,000 [61] May 8, 2009: Stanford Bank ...
Its share price plunged 25% on the news and UBS stepped in to buy the bank. Axel Lehmann, former chairman of the bank, later sought to blame the American bank failures for triggering Credit Suisse's demise, though other analysts disputed that characterization. The bank had experienced many years of multi-billion dollar losses, scandals ...
UBS also said it would reinstate its dividend of 70 cents a share and buy back up to $1 billion in shares in the second half of this year, resuming a program to return capital to shareholders that ...
The agency said UBS teams operating in the U.S. pension market should remain insulated from the convicted UBS and Credit Suisse entities and truste Exclusive-UBS gets fresh US pensions licence ...
LONDON (Reuters) -A committee that reviews disputes in the credit default swaps (CDS) market said on Monday that UBS is the sole successor to Credit Suisse Group following the merger of the two banks.
UBS PaineWebber logo in use from 2001 until 2003 when the use of the Paine Webber brand was dropped UBS Warburg was the brand used for the Investment Banking division of UBS from 1999 to 2003. On 3 November 2000, UBS merged with Paine Webber , an American stock brokerage and asset management firm led by chairman and CEO Donald Marron .
UBS—the final bank prosecuted for its role in the 2008 global financial crisis—is paying $1.4 billion to stop the case going to trial.