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Swiss banking giant UBS is preparing for a comprehensive round of job cuts due to the slower and more expensive than anticipated integration of Credit Suisse. Insider data shows that approximately 10,000 jobs are predicted to be cut by 2027, a substantial…
It would be premature to draw any conclusions from the large gap that has opened up between UBS and Credit Suisse. Doing so has often proved wrong in the past. Credit Suisse will publish second-quarter results this Thursday. It won’t be easy for the bank to…
A big gap has opened up not only between UBS and Credit Suisse’s share prices but also between expectations for their second-quarter earnings. Ahead of the publication of their second-quarter results there really is no comparison. Looking at the share prices…
Pre-tax income at Credit Suisse’s Asia Pacific unit slipped in 2020 mainly due to higher credit loss provisions. Pre-tax income for Credit Suisse’s regional business fell 10 percent year-on-year to 828 million Swiss francs ($921 million), according to a…
