Latest Credit Suisse news and updates from Switzerland. AI-curated articles covering Credit Suisse topics.
The number of unemployed bank employees reached a record high of 4,474 in June, an increase of nearly 24% over the past year. The trend is particularly acute in Zurich as the sector continues to grapple with the aftermath of the Credit Suisse takeover.
More than a year after the historic takeover of Credit Suisse, UBS is in a standoff with the Swiss government over how much capital the megabank must hold to prevent a future crisis. The dispute highlights the challenge of regulating a bank that has 'outgrown a country'.
UBS has reported a first-quarter net profit of $3.04 billion, significantly exceeding analyst expectations, as the banking giant nearly completes the complex integration of its former rival, Credit Suisse.
UBS CEO Sergio Ermotti has announced that the migration of the final 1.2 million Credit Suisse clients to UBS systems is complete, marking a pivotal moment in the historic takeover. With the complex integration phase concluded, the bank is now shifting its focus to its next major transformation and future profitability targets.
The Swiss Federal Criminal Court has dismissed a money laundering case against UBS linked to Mozambique's $2 billion 'tuna bond' scandal, ruling that the bank cannot be held legally responsible for the liabilities of the now-absorbed Credit Suisse.
UBS has finalized the complex process of migrating all former Credit Suisse clients in Switzerland to its own infrastructure, marking a major milestone in one of the most significant integrations in banking history.
In the lead-up to government reforms following the Credit Suisse collapse, Zurich-based bank Vontobel has warned that Switzerland must avoid 'over-regulation' to safeguard the country's financial competitiveness.
A United States Senate committee is investigating 890 Credit Suisse accounts suspected of ties to the Nazi regime, with some allegedly remaining open until as recently as 2020, intensifying scrutiny of the bank's historical dealings.
UBS announced a 53% rise in annual profits for 2025, reaching $7.8 billion. The strong performance contrasts with the news that a significant wave of layoffs related to the Credit Suisse integration will proceed in the second half of 2026.
A US Senate committee investigation has revealed that Credit Suisse managed approximately 890 accounts with suspected links to the Nazi regime, some of which remained open until as recently as 2020. The probe accuses the bank of having more extensive ties to the SS than previously known, reigniting questions about Switzerland's historical financial conduct.
Swiss banking giant UBS has reported a 53% increase in annual profits to $7.8 billion for 2025, boosted by a stronger-than-expected fourth quarter. As the integration of former rival Credit Suisse continues, the bank has announced an increased dividend for shareholders and a new $3 billion share buyback program for 2026.
A group of 184 Japanese investors has initiated legal action against the Swiss government, claiming the write-down of Credit Suisse's AT1 bonds during the UBS takeover violated a free trade agreement. They are seeking arbitration for losses exceeding $138 million.
Swiss federal prosecutors have charged a former Credit Suisse employee with money laundering in a case involving over $2 billion in loans to Mozambican state companies, citing organizational failures at the bank.
The Swiss Attorney General has charged a former Credit Suisse employee with money laundering in connection with over $2 billion in loans to Mozambican state companies. Successor bank UBS is also criticized for organizational failures in preventing the offense.
UBS reaches agreement with US Department of Justice over Credit Suisse mortgage securities case, paying $300 million to resolve outstanding obligations.
Swiss lawmakers push for public disclosure of financial watchdog documents related to the Greensill scandal at Credit Suisse, as London court proceedings reveal early warning signs.
Tidjane Thiam, ex-CEO of Credit Suisse, faces setback as Ivory Coast court removes him from electoral roll, citing nationality issues ahead of October presidential election.
Swiss government prepares to impose new capital rules on UBS following the Credit Suisse acquisition, potentially requiring $25 billion in additional capital.
UBS offers to permanently limit its investment banking division size to address regulatory concerns following Credit Suisse takeover, impacting Switzerland's financial landscape.
Both chambers of parliament unanimously approve new regulatory measures for systemically important banks, mandating stricter capital requirements and enhanced supervisory powers for FINMA.
From trusted Swiss news outlets