BUSINESSCredit Suisse Reported $69 Billion of Outflows Amid Meltdown That Led to UBS MergerChinmay BohraApril 24, 2023April 24, 2023 by Chinmay BohraApril 24, 2023April 24, 202302293 Credit Suisse reported a total of 61.2 billion Swiss francs (CHF) ($69 billion) in outflows in the first quarter of 2023, with a net asset...
BUSINESSUS Fed Approves UBS’s Plan to Takeover US Subsidiaries of Credit SuisseChinmay BohraApril 15, 2023April 15, 2023 by Chinmay BohraApril 15, 2023April 15, 202302824 UBS Group AG has received approval from the US Federal Reserve to acquire Credit Suisse’s US subsidiaries. The deal, brokered by the Swiss authorities, will...
MARKETSIndian Client Services won’t be affected after UBS acquisition, says Credit Suisse SpokespersonChinmay BohraMarch 22, 2023March 22, 2023 by Chinmay BohraMarch 22, 2023March 22, 202301635 Credit Suisse has confirmed that its merger with UBS will not affect services to its Indian clients, as the bank is focused on ensuring a...
STARTUPSByju’s to Raise $150 Million From UBS Group at Valuation of $16.5 BillionNileshApril 29, 2021April 29, 2021 by NileshApril 29, 2021April 29, 202102123 Byju’s is raising about $150 million from UBS Group AG at a valuation of about $16.5 billion, multiple people familiar with the deal said. The...
BUSINESSDBS in List Global Banks Surrendering Hong Kong Office SpaceNeha VermaMarch 24, 2021March 24, 2021 by Neha VermaMarch 24, 2021March 24, 202101246 DBS Group Holdings Ltd is set to join UBS Group AG and other global banks giving up office space in pricey Hong Hong with so...