Switzerland bank

UBS considers delaying results after Credit Suisse rescue: Report

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UBS considers delaying results after Credit Suisse rescue: Report

UBS is considering delaying its quarterly results at least until the end of August, as the Swiss banking giant deals with complexities over its takeover of Credit Suisse, the Financial Times reported on Sunday. The bank is scheduled to report its April-June results on July 25. UBS did not immediately respond to a request for … Read more

Near ”cliff”s edge,” Credit Suisse not seen as systemic risk

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Near ”cliff”s edge,” Credit Suisse not seen as systemic risk

Longtime troubles at Credit Suisse came to a head this week with a record stock plunge that spread fears of a banking crisis jumping from the US to Europe. But the problems have been building for years at Switzerland’s second-largest bank, ranging from bad bets on hedge funds to a spying scandal involving rival lender … Read more