SINGAPORE – UBS Group is weighing a plan to cut about two-thirds of Credit Suisse Group’s investment bankers in the Asia-Pacific as part of the first major job reductions in…
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Credit Suisse
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EconomyEuropefinancialInvestment
The $17 Billion Wipeout of Credit Suisse Bondholders Has Not Gone Down Well in Europe
by Ryan Hughesby Ryan HughesOne section of Credit Suisse’s bondholders is set to be wiped out following the struggling bank’s takeover by UBS, causing them to see investments worth 16 billion Swiss francs ($17 billion)…
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EconomyEuropeFeaturedfinancialInvestmentNews
European Markets Recover on a Wild Day for Bank Stocks
by Michael Loweby Michael LoweEuropean markets ticked up Monday but bank stocks were mixed and volatile as investors assessed the significance of the near-collapse of Credit Suisse, one of the world’s most important financial…
