Latest News for: Zurich report

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UBS, Credit Suisse marriage may not lead to Swiss bliss

Manila Standard 24 Mar 2023
A photograph shows a logo of Swiss banking giant UBS in Zurich, on March 23, 2023 ... “UBS will be a very big bank and competition issues will be relevant,” Jordan told reporters at the SNB headquarters in Zurich ... of the Zurich and Vaud, which have limited reach beyond those regions.
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UBS, Credit Suisse tie-up may cause problems

The Manila Times 24 Mar 2023
"UBS will be a very big bank, and competition issues will be relevant," Jordan told reporters at the SNB headquarters in Zurich ... Post rank as domestic systemically important banks, along with the cantonal banks of Zurich and Vaud, which have limited reach beyond those regions.
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UBS, Credit Suisse tie-up may not lead to Swiss bliss

Urdu Point 24 Mar 2023
"UBS will be a very big bank and competition issues will be relevant," Jordan told reporters at the SNB headquarters in Zurich ... -- rank as domestic systemically important banks, along with the cantonal banks of the Zurich and Vaud, which have limited reach beyond those regions.
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UBS, Credit Suisse tie-up may not lead to Swiss blissUBS was already the biggest bank ...

Deccan Herald 23 Mar 2023
"UBS will be a very big bank and competition issues will be relevant," Jordan told reporters at the SNB headquarters in Zurich ... -- rank as domestic systemically important banks, along with the cantonal banks of the Zurich and Vaud, which have limited reach beyond those regions.
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Syngenta 4Q profit falls as raw material prices increase

Reuters 22 Mar 2023
ZURICH, March 22 (Reuters) - Swiss agrichemicals and seeds group Syngenta on Wednesday reported a 25% drop in fourth quarter earnings due to higher raw materials and energy costs ... to value Syngenta at around $50 billion.Reporting by John Revill; editing by John O'Donnell.
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On Holding: Q4 Earnings Snapshot

San Francisco Chronicle 21 Mar 2023
ZURICH (AP) — ZURICH (AP) — On Holding AG (ONON) on Tuesday reported a loss of $27.4 million in its fourth quarter ... Revenue was reported as $1.28 billion.
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Switzerland curbs bonus payouts at Credit Suisse

Reuters 21 Mar 2023
"We should even ask for them to pay back what they gain those past two years," he said before the government's announcement.Reporting by Noele Illien in Zurich, Stefania Spezzati in London, Cecile Mantovani in Bern, Shubham Kalia in Bengaluru and Tom Sims; Editing ...
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UBS agrees to buy rival Credit Suisse in a $3.2 billion deal

CNBC 20 Mar 2023
UBS agrees to buy rival Credit Suisse, acknowledging it would absorb around $5 billion in losses. CNBC's Geoff Cutmore reports from Zurich ... .
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Credit Suisse says $17 billion of its debt now worthless, angering bondholders

Yahoo Daily News 20 Mar 2023
Reuters reported earlier on ... (Reporting by Pablo Mayo Cerqueiro and Chiara Elisei and Davide Barbuscia; Additional reporting by Saeed Azhar in New York and John O'Donnell and Noele Illien in Zurich; Writing by Tommy Reggiori Wilkes; Editing by Hugh Lawson and Diane Craft).
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UBS to acquire Credit Suisse: History of Switzerland's largest bank

Indian Express 20 Mar 2023
Meanwhile, the Swiss government said it would provide more than $9 billion to backstop some losses that UBS may incur by taking over Credit Suisse, The Wall Street Journal reported ... Today, it is one of the largest banks in the world with a market capitalization of $63 billion, as per a 2022 report.
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Credit Suisse says $17 billion debt worthless, angering bondholders

Reuters 20 Mar 2023
($1 = 0.9280 Swiss francs)Reporting by Pablo Mayo Cerqueiro and Chiara Elisei and Davide Barbuscia; Additional reporting by Saeed Azhar in New York and John O'Donnell and Noele Illien in Zurich; Writing by Tommy Reggiori Wilkes; Editing by Hugh Lawson and Diane Craft.
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Credit Suisse takeover, central bank action calm jittery markets

FX Empire 20 Mar 2023
By Stefania Spezzati and Tom Westbrook ... regional banks, and moral hazard ... U.S ... The U.S ... (Reporting by Stefania Spezzati, Oliver Hirt and John O’Donnell in Zurich; Additional reporting by Lananh Nguyen, Saeed Azhar and Hannah Langby and Reuters bureaus; Writing by Nick Zieminski and Sam Holmes; Editing by Lisa Shumaker and Muralikumar Anantharaman) ... ....
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Relief over Credit Suisse rescue short-lived as bank shares plummet

Reuters 20 Mar 2023
($1 = 0.9280 Swiss francs)Reporting by Stefania Spezzati, Oliver Hirt and John O'Donnell in Zurich; Additional reporting by Lananh Nguyen, Saeed Azhar, Hannah Langby, Julie Zhu, Karin Strohecker and Reuters bureaus; Writing by Nick Zieminski and Sam Holmes; Editing by Lisa Shumaker and Muralikumar Anantharaman.
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UBS pressed in Credit Suisse takeover

Taipei Times 19 Mar 2023
AFP, ZURICH, Switzerland ... The Swiss nation’s two largest banks were in urgent negotiations this weekend with the country’s banking and regulatory authorities, several media outlets reported. The Credit Suisse logo is displayed at the entrance of the bank’s headquarters in Zurich, Switzerland, yesterday.
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Credit Suisse bank: UBS said to be in takeover talks with troubled rival

BBC News 19 Mar 2023
Emergency talks are reported in Zurich as regulators seek a deal for Credit Suisse before Monday. .

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