UBS Group AG Chief Executive Officer Sergio Ermotti said that the bank will do everything within its power to avoid imposing losses on taxpayers as part of the rescue of Credit Suisse Group AG.
UBS Group AG bankers have descended on Credit Suisse Group AG to start digging through their former rival’s books as the Swiss firm aims to kickstart an integration process it’s deemed one of the most complex ever.
Banker der UBS Group AG, die die Kreditbücher der Credit Suisse Group AG prüfen, haben dem Vernehmen nach Bedenken hinsichtlich einiger Kreditportfolios in den schnell wachsenden Märkten Asiens mit hohem Risiko.
Beatriz Martin’s first job at UBS Group AG was to help shrink the investment bank after a $2 billion loss from a rogue trader. Eleven years later, Chief Executive Officer Sergio Ermotti is turning to her again for a key role in the biggest restructuring in global finance.
By: Marion Halftermeyer, Ambereen Choudhury, Bastian Benrath
UBS Group AG and the Swiss government haven’t reached consensus on the precise terms of a state guarantee, which may delay the close of its takeover of Credit Suisse Group AG, according to people familiar with the matter.
By: Marion Halftermeyer, Ambereen Choudhury, Bastian Benrath
Die Schweizer Regierung und die UBS Group AG haben sich informierten Kreisen zufolge noch nicht über die genauen Bedingungen der Staatsgarantie geeinigt, die im Zusammengang mit der Übernahme der Credit Suisse Group AG gewährt wurde.
About 50 Credit Suisse Group AG bankers are suing Switzerland’s financial regulator for rendering their bond-based bonuses worthless as part of the stricken lender’s state-brokered takeover by UBS Group AG.