The United States Department of Justice opened an investigation against UBS and Credit Suisse for alleged negligence in allowing some Russian clients to evade sanctions imposed due to the annexation of Crimea and the invasion of Ukraine.
According to these sources, what initially began as subpoenas…
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Credit Suisse
Credit Suisse chief operating officer resigns
In a strategic move, former Swiss bank Credit Suisse confirmed the departure of Francesca McDonagh, its chief operating officer, in an announcement last Monday. This decision is part of the gradual process that will lead to the…
UBS to cut 3,000 jobs in Switzerland after Credit Suisse integration
UBS plans to cut around 3,000 jobs in Switzerland over the next few years as a result of the purchase of its rival Credit Suisse, agreed last March and completed in June, as announced by the entity's CEO, Sergio Ermotti.
"In Switzerland,…
French expert assures that the Digital Euro is a necessity
François Villeroy de Galhau, Governor of the Banque de France, told commercial bankers that the digital euro presents benefits for all concerned. During the World Conference of Official Institutions organized by the French multinational…
Central banks return to the frequency of dollar injections prior to the Credit Suisse crisis
The Bank of England, the Bank of Japan, the European Central Bank (ECB) and the Swiss National Bank, in consultation with the United States Federal Reserve (Fed), jointly decided to reverse the frequency of their operations to inject dollar…
Swiss President in favor of Credit Suisse-UBS merger
The Swiss government defended its role in bailing out Credit Suisse Group through its takeover by rival UBS, saying intervention to prevent the collapse of the country's second-biggest bank was necessary to avoid "disastrous" consequences.…
UBS launches offer to repurchase Credit Suisse bonds
The Swiss bank UBS announced an offer to repurchase the debt securities with maturity of 2028 and 2032 issued last Friday, just a couple of days before the agreement for the acquisition of Credit Suisse, whose aggregate amount amounts to…
UBS announces the purchase of Credit Suisse
The president of the Swiss Confederation, Alain Berset, has informed this Sunday of the purchase of the Swiss bank Credit Suisse by the UBS bank and has given an account that the Government guaranteed 100,000 million Swiss francs on…
Credit Suisse collapses on the stock market and asks the BCS for support
The negative effects of the bankruptcy of Silicon Valley Bank in the United States reached Europe. This Wednesday, Credit Suisse suffered a collapse of shares on the stock market and has requested a rescue from the Swiss Central Bank.…
Credit Suisse sells part of the business in tax havens
The Credit Suisse banking group has decided to sell part of its business in the area of trusts in subsidiaries located in the Bahamas, Guernsey and Lietchestein.
The decision was made known on Tuesday through a statement that clearly…
Venezuelan Gross Domestic Product will grow 20 % in 2022
Credit Suisse, a financial services firm, pointed out that they estimate a growth of the real Venezuelan Gross Domestic Product (GDP) in the order of 20 % for this year, when the previous projection was 4.5 %, as a consequence of the…