UBS Brings Back C.E.O. to Manage ‘New Challenges’ of Credit Suisse Takeover
Sergio Ermotti, who stepped down from UBS in 2020, will rejoin the Swiss banking giant as it prepares to absorb its troubled rival, Credit Suisse.
Posted inBanking and Financial Institutions Credit Suisse Group AG Deutsche Bank AG Europe European Central Bank Eurozone Inflation (Economics) Interest Rates Regulation and Deregulation of Industry Silicon Valley Bank Stocks and Bonds UBS AG
As Banking Worries Swirl, Europe’s Policymakers Express Confidence, With Caution
Officials say eurozone lenders are strictly supervised and continue to be strong. But at a recent conference, wariness about the future remained.
UBS Weighs Ending a Plan to Preserve Credit Suisse’s Investment Bank
UBS is weighing whether and how to end a deal that would have preserved most of its rival’s investment bank, as part of its takeover of the ailing Swiss lender.
Posted inBanking and Financial Institutions BNP Paribas Charles Schwab Corporation Commerzbank Credit Suisse Group AG Dimon, James El-Erian, Mohamed A Federal Deposit Insurance Corp Federal Reserve System Goldman Sachs Group Inc internal-storyline-no JPMorgan Chase & Company Kelleher, Colm Mack, John J Macron, Emmanuel (1977- ) Mitsubishi UFJ Financial Group Inc Morgan Stanley Musk, Elon Narasimhan, Laxman Nomura Holdings Inc Powell, Jerome H Schultz, Howard D Silicon Valley Bank Starbucks Corporation Summers, Lawrence H UBS AG
Will the Fed Raise Interest Rates During a Banking Crisis?
The central bank’s decision on interest rates on Wednesday is shaping up to be the most consequential of the Jerome Powell era.