UBS Group

Swiss prosecutor probes Credit Suisse takeover by UBS Group

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Swiss prosecutor probes Credit Suisse takeover by UBS Group

Switzerland’s Federal Prosecutor has opened an investigation into the state-backed takeover of Credit Suisse by UBS Group, the office of the attorney general said on Sunday. The prosecutor, based in the Swiss capital Bern, is looking into potential breaches of the country’s criminal law by government officials, regulators and executives at the two banks, which … Read more

Facing a Profitability Crisis, Europe’s Banks Rush to Restructure

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Facing a Profitability Crisis, Europe’s Banks Rush to Restructure

At beleaguered European banks, coronavirus is fast-tracking plans for fundamental restructuring after years of poor performance. Many of the region’s most prominent lenders are tearing up old business models, cutting business lines or doubling down on domestic markets as they try to find a formula that works for them. HSBC Holdings PLC is… Source link