UBS to cut 3,000 jobs despite record $29bn profit

Swiss banking giant UBS has warned it plans to cut thousands of jobs despite ... to buying Credit Suisse's assets cheaply after fears it would collapse. But the bank will shed 3,000 staff in ... Read More

UBS to cut 3,000 jobs in Switzerland after Credit Suisse takeover

UBS is planning to cut 3,000 jobs in Switzerland as it continues to integrate Credit Suisse following the shock takeover of its rival earlier this year. UBS chief executive Sergio Ermotti said in ... Read More

Thousands more UBS jobs could be cut, newspaper reports

Swiss banking giant UBS could shed a further 18,000 jobs by the end of 2026 to meet its post-Credit Suisse takeover ... it plans to cut 3,000 positions within Switzerland after the merger with ... Read More

UBS said to plan another round of job cuts in wake of Credit Suisse integration

UBS Group AG (NYSE:UBS) has plans for its next round of layoffs as the Swiss bank continues to reduce headcount after rescuing ... When the Credit Suisse takeover closed in June, UBS's (UBS ... Read More

Ermotti Says UBS Is Thinking About What’s Next After Credit Suisse Merger

(Bloomberg) — Eighteen months after its rescue takeover of rival ... adding that UBS is only keeping about 300 IT applications out of 3,000 from Credit Suisse. That has helped the company ... Read More

UBS posts robust third-quarter profit, almost double forecasts

UBS Group posted third-quarter profit that was almost double expectations, reducing costs and boosting revenues and said it had completed the first wave of client migrations from Credit Suisse since ... Read More

UBS says takeover of Credit Suisse is now complete

The historic takeover ... UBS, arch rival of the failed Swiss bank announced Friday. Credit Suisse has been deregistered in Zurich and will cease to exist as a separate entity, UBS said in a news ... Read More

UBS Must Revise Post-Takeover Emergency Plans, Finma Says

UBS Group AG must revise its plans for emergency recovery and resolution to take account of the integration of Credit Suisse, Swiss financial supervisor Finma said. “The current resolution ... Read More

Recruiters worldwide are inundated with calls from anxious Credit Suisse bankers seeking new jobs amid the UBS takeover, report says

Credit Suisse employees have inundated recruiters across the world with calls to find a new job as UBS struck a $3.25 billion deal to buy the bank over the weekend. Bloomberg reported the news on ... Read More

UBS Profit Beats Expectations on Faster-Than-Expected Credit Suisse Integration

UBS reported a third-quarter profits that beat analysts’ expectations, lifted by its investment bank and wealth-management arm, and said it is offloading Credit Suisse noncore assets and achieving ... Read More

UBS tech chief says Credit Suisse integration is on track after test run

Investors have been pleased with how the biggest banking takeover ... filing cabinets. Credit Suisse had about 3,000 applications, 100,000 servers and 16 data centres. So far UBS has ... Read More

UBS tech chief says Credit Suisse integration is on track after test run

UBS's technology chief is confident that the hugely complex integration of Credit Suisse, bringing its former rival's clients and data onto its own platforms, is "bang on target" after a successful ... Read More