- Reuters
UBS completes merger of Swiss business with Credit Suisse
Swiss bank UBS has completed the merger of its domestic unit with Credit Suisse's operations in its home market, the bank said on Monday, adding that the head of the Credit Suisse business was leaving the bank. Andre Helfenstein, CEO of Credit Suisse Switzerland, has decided to leave the bank following the merger of UBS Switzerland AG and Credit Suisse (Schweiz) AG, the bank said. Following the merger, UBS Switzerland has taken on all the rights and obligations of Credit Suisse, with the process expected to ease the migration of clients and operations to the UBS platform.
- Zacks
UBS Group (UBS) Forms GWM Solutions to Transform Wealth Unit
UBS Group (UBS) is setting up new units to transform its wealth management business. This aligns with the company's cost-saving business restructuring strategies.
- Bloomberg
Big Banks to Pay $46 Million to Settle Swaps Collusion Case
(Bloomberg) -- Ten major US and European banks, including Goldman Sachs Group Inc., JPMorgan Chase & Co. and BNP Paribas SA, plan to pay a combined $46 million to end a lengthy legal battle with pension plans that accused them of conspiring to block competitors in interest-rate swaps trading. Most Read from BloombergBiden’s Disastrous Debate Accelerates Doubts Over CandidacyBiden Struggles as He Spars With Trump on Economy: Debate TakeawaysDemocrats Question Replacing Biden: Here’s How It Could
