UBS AG – MOSAEC

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.

By Michael J. de la Merced

Banking 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.

By Andrew Ross Sorkin Ravi Mattu Bernhard Warner Sarah Kessler

Banking and Financial Institutions Fines (Penalties) Frauds and Swindling Justice Department Mortgage-Backed Securities Subprime Mortgage Crisis Suits and Litigation (Civil) UBS AG

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.

By Matthew Goldstein

Banking 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.

By Rob Copeland

mosaec