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The Latest Breaking News from Ralph Hamers

'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.

Fortune

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.

Fortune

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…

The Street

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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 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

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

Zenger

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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.

People

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Credit Suisse Group AG

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