The fallen banking giant Credit Suisse, now a part of UBS, admitted to hiding billions of dollars from the I.R.S.
Category: UBS AG
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Deal Makers See a Rebound in 2025 as Trump Returns to Power
It was another down year for mergers and acquisitions, but Wall Street is optimistic that the lengthy lull is coming to an end.
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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.
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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.
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UBS to Pay $1.44 Billion to Settle Financial-Crisis Fraud Case
The settlement closes the chapter on the last investigation by a Justice Department task force on the role financial firms played in the collapse of the housing market in 2008.
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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.
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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.
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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.
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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.
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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.
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Credit Suisse Shareholders Feel Betrayed by UBS Deal
Top executives at the bank’s final shareholder meeting apologized for the lender’s collapse and forced sale to UBS, while investors spoke of betrayal.