Latest News for: Suisse jobs

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Credit Suisse sheds nearly 13% of workforce

Gulf News 29 Sep 2023
Some of the jobs lost could be people who left as part of Credit Suisse’s own cost cutting plans before the takeover or who jumped ship as confidence in the lender collapsed ... A Credit Suisse spokesperson declined to comment on the breakdown between voluntary departures and job cuts, or how many jobs could be lost in future.
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Credit Suisse expects $2.2B Q3 loss

The Manila Times 29 Sep 2023
UBS said last month that it plans to fully absorb Credit Suisse's Swiss division and slash 3,000 jobs, with the aim of completing most of the integration of its rival by 2026.
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Credit Suisse sheds nearly 13% of workforce this year

Reuters 29 Sep 2023
Some of the jobs lost could be people who left as part of Credit Suisse's own cost cutting plans before the takeover or who jumped ship as confidence in the lender collapsed. Further jobs could be lost, with UBS saying in August it planned to cut 3,000 jobs in Switzerland alone at the enlarged bank.
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UBS signs deal with China’s ICBC

Business Day 26 Sep 2023
In the months since taking over its former rival, UBS also scrapped plans for Credit Suisse to set up a locally incorporated bank in China. UBS has also made significant job cuts in the region, letting go of the majority of Hong Kong-based investment banking staff and the securities research unit at Credit Suisse.
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UBS cuts about a dozen US bankers as part of its Credit Suisse integration

Gulf News 18 Sep 2023
UBS Group AG this week eliminated about a dozen jobs in its US investment bank as part of its integration of Credit Suisse, according to people with knowledge of the matter ... cutting hundreds of Asia wealth-management jobs, Bloomberg News reported earlier this month.
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UBS CEO committed to staying at the helm until 2026

RTE 15 Sep 2023
UBS group chief executive Sergio Ermotti plans to stay at the helm until 2026 to integrate former rival Credit Suisse in a process he likened to a marathon. "I need to finish the job," Ermotti told the Economic Club of New York. "My commitment is to finish the job, and for sure that means staying through the end of 2026.
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UBS CEO committed to staying at the helm through 2026

Reuters 15 Sep 2023
NEW YORK, Sept 14 (Reuters) - UBS Group (UBSG.S) CEO Sergio Ermotti plans to stay at the helm through 2026 to integrate former rival Credit Suisse in a process he likened to a marathon. "I need to finish the job," Ermotti told the Economic Club of New York on Thursday.
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UBS job cuts are tiny strike at Asia wealth fears

Reuters 12 Sep 2023
SINGAPORE, Sept 12 (Reuters Breakingviews) - Just three months after the world’s biggest wealth manager sealed the takeover of its Swiss rival, UBS (UBSG.S) is set to cut at least 100 jobs in Asia including from teams acquired from Credit Suisse.
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Ex-Bank of Ireland boss McDonagh said to leave Credit Suisse for new role

The Irish Times 11 Sep 2023
... leaving Credit Suisse ... Former Bank of Ireland chief executive Francesca McDonagh is reported to be leaving her role at Credit Suisse, ahead of taking a new job as CEO elsewhere.
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UBS to cut hundreds of wealth jobs in Asia as activity slows

Gulf News 11 Sep 2023
UBS Group AG is cutting Asia wealth-management jobs in the low hundreds, just months after completing its takeover of rival Credit Suisse as the bank responds to muted client activity and China’s slowing economy ... Since closing the takeover of Credit Suisse in June, UBS has ...
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Credit Suisse COO Francesca McDonagh to Leave Position

Market Watch 11 Sep 2023
The news comes as Swiss peer UBS, which completed its acquisition of Credit Suisse in June, said late last month that it would cut 3,000 jobs in Switzerland as it works to integrate the bank ...
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Former Bank of Ireland CEO to leave Credit Suisse - FT

RTE 11 Sep 2023
Former Bank of Ireland chief executive Francesca McDonagh is leaving her job at swiss bank Credit Suisse, ...
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UBS CEO insists bank not too big after Credit Suisse takeover

Gulf Daily News 06 Sep 2023
ZUG, Switzerland - The new expanded UBS is not too big for Switzerland following the bank's emergency takeover of fallen rival Credit Suisse, Chief Executive Officer Sergio Ermotti said on Tuesday ... UBS completed its emergency takeover of Credit Suisse in June, forging a Swiss banking and wealth management giant with a $1.6 trillion balance sheet.
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Why the race is on to attract lucrative family offices

The National 05 Sep 2023
Read More ... Trillions of investment dollars and top jobs that sometimes pay $1 million or more are up for grabs ... In theory, they should be able to pluck from the growing pool of unemployed bankers as firms from Credit Suisse Group to Morgan Stanley shed thousands of jobs ... Being great at a finance job doesn’t always translate well to this line of work.
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UBS targets $10bn cost cuts

Gulf Daily News 01 Sep 2023
UBS Group embarked on a sweeping plan to cut more than $10 billion in costs, saying yesterday it will axe 3,000 jobs in Switzerland alone after it took over its stricken rival Credit Suisse ... The initial round of job cuts follows a decision by the globe’s biggest wealth ...

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