UBS Divides Wealth Management Posts As Part Of An Executive Reorganisation
On Thursday, UBS announced a restructuring of its Executive Board, splitting its top wealth management position to pave the way for potential successors to CEO Sergio Ermotti.
Ulrich Koerner, CEO of Credit Suisse Pre-Merger, to Depart from UBS
Ulrich Koerner, the last CEO of Credit Suisse prior to the company's acquisition by UBS Group, is departing from the Swiss banking giant.
UBS Will Pay $1.4 Billion To Resolve Financial Crisis Fraud Case
UBS, a major Swiss bank, has agreed to pay a substantial sum of $1.4 billion to settle claims that it provided false information about mortgage-backed bonds it sold prior to the 2008 global financial crisis.
UBS and Swiss Government Reach Credit Suisse Loss-Sharing Agreement
UBS and the Swiss government have agreed on how they will share losses linked to the bank’s emergency takeover of Credit Suisse, which will create a giant Swiss bank. The agreement clears the way for the takeover to close within days.
