Credit Suisse Pays $510 Million Fine for Helping Clients Evade Taxes
The fallen banking giant Credit Suisse, now a part of UBS, admitted to hiding billions of dollars from the I.R.S.
Posted inBanking and Financial Institutions Company Reports Credit Suisse Group AG Mergers, Acquisitions and Divestitures Records and Achievements Switzerland UBS AG
UBS Reports $29 Billion Profit, a Record
The huge gain stems from the bank’s acquisition of its rival Credit Suisse this spring for about $3.2 billion, a steep discount that is skewing its quarterly results.
Posted inBanking and Financial Institutions Credit Suisse Group AG internal-storyline-no Mergers, Acquisitions and Divestitures UBS AG
UBS Earns $29 Billion From Badwill Tied to Credit Suisse Deal
The Swiss bank’s sharply discounted takeover of Credit Suisse led to a paper gain that gave it the biggest quarterly profit by a bank in history.
Posted inBanking and Financial Institutions Credit Suisse Group AG Fines (Penalties) Regulation and Deregulation of Industry UBS AG
UBS Is Fined Nearly $400 Million in Credit Suisse’s Archegos Mess
The Swiss banking giant, which acquired its rival earlier this year, will cover regulatory fines related to Credit Suisse’s mismanagement in the collapse of the investment firm Archegos in 2021.