Business
UBS CEO Sergio Ermotti plans to step down in April 2027 after completing Credit Suisse project: FT
The report comes at a time when UBS is trying to fight the Swiss government’s proposals to strengthen banking rules UBS CEO Sergio…
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Suisse
News
Drew & Napier, Withers to collaborate on claims against Switzerland over Credit Suisse AT1 losses
The Singapore firm has filed arbitration for Japanese claimants; expects to file for Singapore, Hong Kong groups by Q1 2026 Drew & Napier,…
Business
UBS reshuffles leadership as Credit Suisse integration nears end
Lender is in the middle of a battle with the Swiss government over how much capital it needs to set aside to prevent a similar crisis UBS…
Business
Withers to take action against Switzerland on Credit Suisse AT1 losses in Asia
The law firm is acting for investors across the region, including in Hong Kong and Singapore International law firm Withers is commencing…
Fashion
Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful
A Swiss court on Tuesday (Oct 14) said the Swiss financial market regulator’s 2023 decision to write off 16.5 billion Swiss francs (S$26.7…
Business
UBS pays US$300 million to settle Credit Suisse mortgage case
Group said it reached an agreement with the US Department of Justice to resolve a legacy Credit Suisse matter related to the former bank’s…
Business
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering related breaches,…
Business
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27.5 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering (AML) related…
Business
Credit Suisse Pays $510 Million Fine for Helping Clients Evade Taxes
The toll for misconduct at the fallen Swiss bank Credit Suisse just keeps getting bigger. Federal prosecutors said on Monday that UBS,…
Business
Over 500 investors, including 300 Singaporeans, kick off claim against Switzerland over Credit Suisse bond losses of over US$250 million
Drew & Napier is leading action by investors who saw their investments wiped out when CS AT1 bonds were written down as part of takeover…
Business
UBS has cut 10,000 jobs since Credit Suisse takeover in 2023
UBS Group has cut more than 10,000 roles since it bought Credit Suisse, marking a milestone in the lender’s efforts to integrate its…
Business
Swiss bank watchdog blundered on Credit Suisse, report finds
THE Swiss parliament heavily criticised the previous leadership of Switzerland’s financial regulator Finma in a landmark enquiry into last…
Culture
UBS acquitted over Credit Suisse criminal money laundering case
CREDIT Suisse’s 2022 conviction for failing to prevent the money laundering of a cocaine dealer’s profits was overturned by a Swiss…