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  2. Acquisition of Credit Suisse by UBS - Wikipedia

    en.wikipedia.org/wiki/Acquisition_of_Credit...

    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 ...

  3. UBS - Wikipedia

    en.wikipedia.org/wiki/UBS

    UBS Group AG[nb 1] is a multinational investment bank and financial services company founded and based in Switzerland. Headquartered simultaneously in Zürich and Basel, [9] it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world. UBS investment bankers and ...

  4. What Wall Street is saying about UBS buying Credit Suisse - AOL

    www.aol.com/finance/wall-street-saying-ubs...

    After much speculation and concern about a banking crisis, UBS made its play for its stricken long-time Swiss rival late Sunday by agreeing to a $3.2 billion takeover of Credit Suisse .

  5. Credit Suisse - Wikipedia

    en.wikipedia.org/wiki/Credit_Suisse

    On 19 March 2023, following negotiations with the Swiss government, UBS announced its intent to acquire Credit Suisse for $3.25 billion (CHF 3 billion) in order to prevent the bank's collapse. [13] [14] [15] UBS completed the acquisition in June 2023. [16]

  6. UBS ‘quantimental’ framework identifies a surprise U.S ...

    www.aol.com/finance/ubs-quantimental-framework...

    Six of the top seven highest ranked companies to make the UBS list are from the U.S. They include Fortinet, a 24-year-old cybersecurity company that has grown explosively since Covid caused the ...

  7. Union Bank of Switzerland - Wikipedia

    en.wikipedia.org/wiki/Union_Bank_of_Switzerland

    Zürich, Switzerland. Total assets. CHF416 billion (1996) [1] Number of employees. 29,100 (1996) [1] Union Bank of Switzerland (UBS) [a] was a Swiss investment bank and financial services company located in Switzerland. The bank, which at the time was the second largest bank in Switzerland, merged with Swiss Bank Corporation in 1998 to become UBS.

  8. U.S. economy is on the cusp of another Roaring ’20s, says UBS

    www.aol.com/finance/u-economy-cusp-another...

    Draho outlined UBS's criteria to officially declare the 2020s a "Roaring ’20s": sustained GDP growth of 2.5% or higher, inflation in the 2-3% range, a Fed funds rate around 3.5%, and the 10-year ...

  9. Sergio Ermotti - Wikipedia

    en.wikipedia.org/wiki/Sergio_Ermotti

    Sergio Ermotti. Sergio Pietro Ermotti (born 11 May 1960) is a Swiss manager and investment banker. [1] In April 2021, Ermotti was elected chairman of Swiss Re, one of the world's largest reinsurance companies, succeeding Walter Kielholz. He was the chief executive officer (CEO) of UBS Group AG from November 2011 to October 2020 and regained ...

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