UBS – Credit Suisse deal set to close next week
Following completion, Credit Suisse shares and American Depositary Shares (ADS) will be delisted from both the Swiss and New York stock exchanges.
Tag: UBS
People Moves
UBS’ Nej D’jelal joins LSEG to head up Workspace platform
D’jelal had been with UBS for the last two and a half years; previously served at Barclays, Plato Partnership, Goldman Sachs, Citi and Logica.
UBS reveals new structure ahead of legal closing of Credit Suisse deal in coming weeks
UBS said it is “evaluating all options for Credit Suisse’s Swiss business”; group financial chief to depart following closing of transaction.
UBS reports drop in net profit and total revenues echoing investment banking declines
The group reported a net profit of $1 billion and total revenues of $8.7 billion, down 52% and 7%, respectively, impacted by declines in asset management and investment banking.
UBS conducts cross-border intraday repo trade on Broadridge DLT platform
Platform utility facilitates increased settlement velocity and collateral mobility.
People Moves Monday: Updates from the trading desk
The past week saw appointments from LSEG, Citi, UBS and GTN, alongside a departure from Waverton Investment Management.
Outsourced trading landscape continues to shift as banks prepare for a new wave of interest
Major service providers including BNY Mellon, State Street, UBS and Northern Trust have all expanded their outsourced trading capabilities to meeting growing demand from buy-side organisations.
UBS, Citi hire into APAC in desk reshuffles
Citi appoints a new head of markets for ASEAN; while UBS reshuffles its APAC team with a new head of global markets for Australia and a new head of derivatives and solutions for Australia.
Credit Suisse: How it started, how it’s going…
Equity and bond markets have both been hit by the fallout from the forced Credit Suisse sale, while the ripple effect could have a far broader impact on long-term market liquidity. To conclude a crazy week, we bring you a quick round-up of what this means across the asset classes – and why bank funding may never be the same again.
Investors gear up for litigation over Credit Suisse write-down
Avenues could include challenging the Swiss government, suing FINMA, or suing Credit Suisse – with AT1s recovering slightly as the market prices in the hope of legal redress.