Tag: bank

The bank has made further personnel decisions as it reshuffles staff following its takeover of Credit Suisse. UBS has made another round of personnel decisions, appointing Patrick Grob as head of Global Wealth Management Unified Global Markets in the process, according to an internal memo. The global markets team also reportedly includes Brent Johnson (head of execution services), Dushyant Chadha (head […]

In a regulatory filing with the SEC, UBS said it expects to wrap up its agreement with the Swiss government over loss guarantees as part of its government-orchestrated takeover of Credit Suisse. When UBS agreed to take over troubled Credit Suisse at the behest of the Swiss government, part of the deal was for the […]

The legal integration of UBS and Credit Suisse will close in the next few weeks. The team to manage the new venture has also been announced. Ulrich Koerner resurfaces. Following UBS’s government-imposed takeover of Credit Suisse on March 19, there has been much speculation about who would lead the new entity and what it would […]

All options appear to be on the table. Switzerland’s largest institution could keep the rescued bank’s investment banking business. Or it might spin off its domestic retail franchise in an IPO. UBS continues considering various options for Credit Suisse, citing people familiar with the matter. In March, the Swiss government prodded Switzerland’s largest bank to […]

UBS was preparing a Credit Suisse takeover scenario months before it happened in March. A document filed with the US Securities and Exchange Commission (SEC) provides insight into the process. Just weeks before the takeover of Credit Suisse, the UBS board of directors deemed a takeover of its rival undesirable, according to the latest documents […]