Swiss banks team up to explore a Swiss franc stablecoin
UBS, PostFinance, Sygnum, Raiffeisen, ZKB and BCV are part of the stablecoin initiative, and places have been kept open for other participants as well...
Tag : UBS
Billionaires moving to UAE to grow wealth: UBS
The expansion of private family offices in the United Arab Emirates is another indication of this wealth transfer...
UBS marks first profit since Credit Suisse takeover, to go ahead with proposed job cuts
In August 2023, UBS said it would axe 3,000 jobs in Switzerland alone after swallowing up its stricken rival Credit Suisse, a move expected to help the bank make significant cost savings...
UBS’s Credit Suisse takeover: From crisis to success
UBS reported a net loss of $785 million for the June-to-September 2023 quarter, driven by costs tied to the Credit Suisse rescue deal, which came in at $2 billion...
Billionaires collecting more wealth from inheritance than their effort: Study
Around 53 individuals who became billionaires in the 12 months leading up to April of 2023 received a total inheritance of USD 150.8 billion from their families...
Is global financial system failure-proof?
Smaller emerging economies with significant debt and declining repayment capacity have the most unstable banks...
Credit Suisse collapse results in balance sheet contraction of Swiss banks: Report
Credit Suisse's high liquidity requirements were seen as playing a part in sight deposits held overnight at the Swiss National Bank falling more sharply in 2022 than in the previous ten years...
Global banking crisis: Something catastrophic is coming
Credit Suisse’s profitability and the future of its investment banking section were under scrutiny...
UBS names former Morgan Stanley veteran as the new chairman
Colm Kelleher will succeed Axel Weber as the new chairman...
UBS to expand coverage in Oman and Kuwait with new wealth desk in Dubai
The new wealth desk will be headed by former Credit Suisse banker Georges El Khoury...