The fallen banking giant Credit Suisse, now a part of UBS, admitted to hiding billions of dollars from the I.R.S.
Category: Credit Suisse Group 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.
-
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.
-
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.
-
JPMorgan Seeks to Settle Lawsuit by Jeffrey Epstein Victims
After weeks of embarrassing disclosures, the Wall Street giant reached a tentative settlement with the convicted sex offender’s victims.
-
Why First Republic Has Not Done a Deal
Big banks gave the regional lender a $30 billion lifeline following the collapse of Silicon Valley Bank, but it has yet to raise more cash, sell assets — or itself.
-
Final Days at Credit Suisse Were Marked by a $69 Billion Race for the Exits
Clients hurried to withdraw money as the Swiss bank faced collapse last month. It was eventually forced to sell itself to a rival, UBS.
-
Credit Suisse Accused of Impeding Hunt for Accounts Linked to Nazis
The Senate Budget Committee opened an investigation after Credit Suisse fired a lawyer it had hired to oversee an independent inquiry hunting for accounts linked to Nazis who went to Argentina.
-
Why Drugmakers’ Abortion Pill Battle is Such a Big Deal
The decision by a Texas judge to overturn F.D.A. approval for the abortion pill mifepristone could upend the pharmaceutical industry.
-
Investors Worry What Strong Jobs Data Means for the Economy
Inflation, recession and labor market concerns loom large over the stock market ahead of Friday’s jobs report.
-
Europe Plots a Diplomatic and Business Reset on China
President Emmanuel Macron of France and Ursula von der Leyen, President of the European Commission, arrived in China on Wednesday aiming to restart business and political ties.