Credit Suisse
Best of BS Opinion: India needs to recalibrate in a changing world order
Today's editorials and columns look at the world through the lens of relationships, and how they don't always turn out as intended
 "Best of BS Opinion: India needs to recalibrate in a changing world order")
ex-Swiss FM warns of enlarged UBS size following Credit Suisse takeover
Should the bank fail, there are no local rivals left to absorb it, while the cost of nationalisation could severely damage public finances, experts have warned
 "ex-Swiss FM warns of enlarged UBS size following Credit Suisse takeover")
US Senate probes Credit Suisse over hidden Nazi-era account connections
Investigators identified Credit Suisse accounts for more than three dozen individuals connected to the ratlines, Barofsky said in his letter
 "US Senate probes Credit Suisse over hidden Nazi-era account connections")
Verdict on Swiss handling of Credit Suisse meltdown to set tone for UBS
Swiss parliament formed a committee in June last year to probe the official response to the 167-year-old bank's demise
 "Verdict on Swiss handling of Credit Suisse meltdown to set tone for UBS")
US investigates Russian accounts UBS took over from Credit Suisse
The US sanctions enforcement agency, OFAC, has written to the bank as part of this inquiry
 "US investigates Russian accounts UBS took over from Credit Suisse")
UBS integration with Credit Suisse 'bang on target' in test run: IT chief
The bank will begin migrating clients booked in Luxembourg and Hong Kong in the coming weeks, and Singapore slightly later, and other countries would follow later in 2024 and next year
 "UBS integration with Credit Suisse 'bang on target' in test run: IT chief")
UBS Q2 results: Net profit at $1.1 billion after merger with Credit Suisse
Investors warmed to the takeover, by this summer pushing up the value of UBS's shares by more than two-thirds since it bought Credit Suisse in March 2023
 "UBS Q2 results: Net profit at $1.1 billion after merger with Credit Suisse")
Jain Global raises $5.3 billion in biggest hedge fund debut since 2018
Jain Global will start trading July 1, according to people familiar with the matter. Investors include endowments, foundations, family offices, bank wealth platforms and sovereign wealth funds
 "Jain Global raises $5.3 billion in biggest hedge fund debut since 2018")
UBS, Credit Suisse's Swiss units may merge by July 1, says official
UBS, which acquired its former rival Credit Suisse last year after the bank's collapse, had previously indicated the two units would be combined
UBS signals it's mostly done cutting Asia jobs after Credit Suisse merger
The Swiss lender has been cutting thousands of staff following an emergency rescue of Credit Suisse last year in a government brokered deal. The takeover is due to close officially this week, says Koh
 "UBS signals it's mostly done cutting Asia jobs after Credit Suisse merger")
UBS CEO warns about risk of delays to tech integration with Credit Suisse
UBS is integrating 300 of 3,000 Credit Suisse applications and the bank is trying to reduce the risks for clients as it combines platforms, he said
 "UBS CEO warns about risk of delays to tech integration with Credit Suisse")
UBS reports income of $1.8 bn; 1st profit since Credit Suisse takeover
The group's wealth management arm reported $27 billion in net new assets for the first quarter of the year, compared to $22 billion for the three months prior
 "UBS reports income of $1.8 bn; 1st profit since Credit Suisse takeover")
CSuisse may face $36 mn fine over S Korea short-selling, says local daily
The notice was sent to the South Korean and Singaporean units of the bank
 "CSuisse may face $36 mn fine over S Korea short-selling, says local daily")
UBS faces tougher rules in Swiss govt's response to Credit Suisse rescue
Switzerland's plan will come under close scrutiny at home and abroad because if UBS were to unravel, there are no local rivals left that could absorb it
 "UBS faces tougher rules in Swiss govt's response to Credit Suisse rescue")
UBS Group weighs Credit Suisse's China stake swap with Beijing govt
UBS put the Credit Suisse venture up for sale after taking control of its smaller Swiss rival when it collapsed last year
Swiss govt's 'too big to fail' list could saddle UBS with rougher rules
At around $1.7 trillion, UBS's balance sheet is double the size of annual Swiss economic output, giving the bank an exceptional weight for a major economy
 "Swiss govt's 'too big to fail' list could saddle UBS with rougher rules")
UBS still examining the risk of misstatement in Credit Suisse's books
A "material weakness" in how Credit Suisse reported its numbers could signal a significant misstatement in the financial statements
 "UBS still examining the risk of misstatement in Credit Suisse's books")
SpiceJet cleared all outstanding dues: Credit Suisse tells Supreme Court
Credit Suisse and SpiceJet have been entangled in a legal conflict since 2015 over outstanding debts of approximately $24 million
 "SpiceJet cleared all outstanding dues: Credit Suisse tells Supreme Court")
UBS Group plans to shut thousands of smaller Credit Suisse accounts in Asia
The lender is reviewing the accounts with a balance of around $2 million or less, said the people, who asked not to be identified discussing private information
UBS Group moves past $100 billion a year after Credit Suisse shock
Overnight, the client funds managed by its wealth unit jumped by about one-fifth to $3.4 trillion at the time.
 "UBS Group moves past $100 billion a year after Credit Suisse shock")
