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The Latest Breaking News from Ralph Hamers

UBS says Credit Suisse merger the right choice despite risks

Basel (Switzerland) (AFP) - UBS chiefs told shareholders on Wednesday that the Swiss bank's emergency takeover of beleaguered rival Credit Suisse was a "Herculean task" strewn with risks -- but still the right decision.

UBS shareholders to weigh in on Credit Suisse mega-merger

UBS shareholders to weigh in on Credit Suisse mega-merger

Geneva (AFP) - UBS shareholders get their first chance to grill the bank's bosses Wednesday over its shotgun marriage to Credit Suisse, done in double-quick time behind their backs.

'Stakeholderism' is a reaction to rising statism

'Stakeholderism' is a reaction to rising statism

The UBS-Crédit Suisse merger is a very Swiss tale–but it shows how governments are reclaiming power over the economy.

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UBS former CEO returns to handle 'huge' Credit Suisse takeover risks

Zurich (AFP) - UBS announced Wednesday it will bring back former chief executive Sergio Ermotti to handle the huge risks involved in the Swiss banking giant's controversial absorption of troubled rival Credit Suisse.

Switzerland brings back its most successful banker to steer the merged UBS-Credit Suisse behemoth

Heeding the "call to duty," Lugano native Sergio Ermotti returns to his old post as CEO of the Swiss wealth manager to navigate it through choppy waters.

Ermotti back as UBS CEO to handle Credit Suisse takeover risks

Zurich (AFP) - UBS announced Wednesday it will bring back former chief executive Sergio Ermotti to handle the huge risks involved in the Swiss banking giant's controversial absorption of troubled rival Credit Suisse.

Stocks Firmly Higher, UBS CEO Returns, Micron Earnings, Jamie Dimon Deposition, Lululemon Soars - Five Things To Know

Stock futures higher as bank worries ease, tech gets boost; UBS leaps as former CEO Sergio Ermotti returns to oversee Credit Suisse purchase; Micron jumps as AI demand forecast helps offset near-term revenue slump; JPMorgan CEO Jamie Dimon to be deposed in Jeffrey Epstein lawsuit and Lululemon soars after Q4…

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UBS brings back former chief to oversee Credit Suisse takeover

UBS brings back former chief to oversee Credit Suisse takeover

Sergio Ermotti, who stepped down in 2020, will rejoin Swiss bank as it prepares to absorb troubled rival

The Guardian - UK

UBS brings back former CEO with Credit Suisse deal ahead

UBS brings back former CEO with Credit Suisse deal ahead

UBS says it’s bringing back former CEO Sergio Ermotti to lead the Swiss bank as it moves forward with a government-orchestrated plan to take over struggling rival Credit Suisse

The Independent UK

UBS brings back Ermotti as CEO to lead Credit Suisse takeover

UBS brings back Ermotti as CEO to lead Credit Suisse takeover

Zurich (AFP) - UBS announced Wednesday it was bringing back former CEO Sergio Ermotti to lead the Swiss banking giant's controversial acquisition of troubled rival Credit Suisse.

Credit Suisse aided tax evasion, says US Senate committee; Bank of England reports UK banks are ‘resilient’ – as it happened

Credit Suisse aided tax evasion, says US Senate committee; Bank of England reports UK banks are ‘resilient’ – as it happened

US Senate committee’s findings come on the day UBS appoints ex-boss Sergio Ermotti as new CEO to steer Credit Suissse takeover

The Guardian - UK

UBS Acquisition Of Credit Suisse As Anxiety Builds Among Banks’ Subordinated Bondholders

UBS Acquisition Of Credit Suisse As Anxiety Builds Among Banks’ Subordinated Bondholders

UBS Group AG's takeover of Credit Suisse Group AG has done nothing to alleviate market concerns about the banking sector

The Last Hours of Credit Suisse (as They Might Have Gone)

The Last Hours of Credit Suisse (as They Might Have Gone)

Here's an imaginary depiction of the talks that sealed the fate of Credit Suisse, a 167-year-old European bank.

After turbulent year, UBS upbeat with eye on Asia

After turbulent year, UBS upbeat with eye on Asia

Zurich (AFP) - Swiss banking giant UBS voiced optimism for 2023 on Tuesday, hoping that higher interest rates and a swelling business in Asia would boost its results following a turbulent 2022.

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UBS net profit down in Q3 as revenues fall

Zurich (AFP) - Swiss banking giant UBS on Tuesday reported a fall in net profits in the third quarter, though still better than expected against a backdrop of falling revenues at the investment bank.

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