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.

Shares of the financial tech company plunged after Hindenburg Research said it had failed to stamp out illegal activity on its platforms, including drug sales...

The beleaguered Swiss lender tumbled on Wednesday, adding to concerns about the banking sector.

The beleaguered Swiss lenders tumbled on Wednesday, adding to concerns about the banking sector.

After a $22.8 billion loss, Warren Buffett called the figure “100 percent misleading” and urged shareholders to focus on his empire’s overall health.

The struggling Swiss bank recorded its biggest annual loss since the 2008 financial crisis and warned of another “substantial” loss in 2023.

The family’s investment vehicle said it would offer to buy out other shareholders in Rothschild & Co., the flagship company in the global banking dynasty.

Twitter’s owner has now sold $23 billion worth of Tesla stock this year, much of it after he pledged in April to stop selling shares...

The company’s huge investment portfolio lost money, while its insurance arm felt the effects of Hurricane Ian and inflation-driven rises in property and damage claims.

The restructuring includes shrinking its investment bank and raising $4 billion in capital from investors, including a state-owned Saudi bank.