Hints and tips:
...Among the first tasks for his successor, former UBS executive Axel Lehmann, was to deal with the fallout from Credit Suisse becoming the first Swiss bank to be charged with criminal offences in the country...
...Ermotti returned to UBS this spring, just days after the bank agreed to rescue its former rival Credit Suisse....
...When the meeting finally began, Kelleher assured the cabinet members that UBS would do what was necessary, as long as it was in the interests of his bank’s stakeholders....
...Those passions would come in handy in the last two weeks as the Federal Deposit Insurance Corporation tapped Snyder, a Weil Gotshal lawyer-turned-banker, to sell Silicon Valley Bank and Signature Bank....
...interest rates to boost its retail and corporate bank activities....
...But Mr Mustier has agreed to step aside as soon as the bank names a successor, which the board hopes to do by the time it meets to sign off the results on February 10....
...The visitor was hailed as the sort of bold entrepreneur the bank wanted to do business with: Lex Greensill....
...At one time he was even mooted as a successor to his boss....
...After the Financial Times revealed late on Wednesday night his surprise appointment as successor to Sergio Ermotti as chief executive of UBS, the Swiss bank insisted he took the first flight to Zurich to...
...Mr Thiam’s successor, Thomas Gottstein, is a veteran Swiss banker. He will need to work fast to win back the confidence of the bank’s large shareholders....
...stake in the car part-maker Continental AG as Covid-19 batters the auto industry....
...She received a £190,000 “signing bonus” from Washington Speakers Bureau and in December earned £100,000 from investment bank UBS Switzerland AG for delivering a speech at a conference for the group....
...On Tuesday, he is due to take up a senior position at UBS, which would make him a likely successor to Sergio Ermotti as the bank’s chief executive....
...Unions were set to fight as many as 30,000 job losses. Regulators would have wanted such a big, complex bank to hold more capital. They might have forced it to raise €3bn or more in equity....
...As an executive at Allianz, Mr Achleitner oversaw the €24bn purchase of Germany’s Dresdner Bank in 2001....
...Martin Blessing, the ex-Commerzbank chief executive who joined UBS to run wealth management at the beginning of 2018, is now seen as the most likely successor to Sergio Ermotti, the current chief executive...
...At the time, Erste was controlled by a foundation, a successor organisation to the original savings bank formed in the early 19th century to provide financial services to the poor....
...’ best interests”....
...First-quarter pre-tax profit fell 12 per cent to €289m, but had been expected to decline as far as €276m....
...As UBS chairman, he is helping to drive a revolution in how banks, companies and individuals conduct financial transactions....
...The former BSI employee, who asks to be referred to only as Andrea, had worked in the bank’s UK office on Cheapside in the heart of the City of London....
...And analysts see it as one of the biggest winners among European banks should interest rates eventually rise....
...In April 2015, the bank was handed a $2.5bn penalty as part of the sector-wide probe into the rigging of the Libor interest rate mechanism....
...The Swiss bank still beat expectations with higher pre-tax profits thanks to lower costs after recent restructuring, which the bank said would be intensified to counter the drag from negative interest rates...
...Its retail bank in Germany, where margins were always thin, is suffering under Europe’s rock-bottom interest rates....
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