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United Kingdom

Oliver Hirt

UBS overhauls wealth business and cuts managers in big move under new boss

07 Jan 2020

ZURICH UBS is overhauling its flagship wealth management business, including shrinking its senior staff, in the first big strategic move under the division's new co-head Iqbal Khan as the bank looks to revive flagging profits.

Credit Suisse investigates report of surveillance on second executive

17 Dec 2019

ZURICH Credit Suisse is looking into a report by a Swiss newspaper that its then-human resources boss was followed by private detectives in February, reviving concerns about its practices after a similar surveillance operation was uncovered in September.

Auch Credit Suisse verliert an Schwung - Branche in der Krise

11 Dec 2019

Zürich Immer mehr Großbanken in Europa zollen dem schwierigen Marktumfeld Tribut.

Swiss banking software company Avaloq prepares for 2020 sale - sources

05 Nov 2019

FRANKFURT/ZURICH Swiss banking software company Avaloq is starting preparations for a 2020 sale or initial public offering as its private equity shareholder Warburg Pincus seeks an exit, people close to the matter said.

UBS could double Americas wealth business profit within a decade

01 Nov 2019

ZURICH UBS Group could double the profit it makes from its American wealth management arm within a decade even as it cuts staff numbers by targeting the super-rich, the co-head of the business told Reuters.

Benko's Signa likely to bid for Switzerland's Globus: sources

29 Oct 2019

ZURICH Austrian investor Rene Benko's Signa Holding is likely to submit an offer for Swiss department store chain Globus, with bids due by the end of November, sources familiar with the situation told Reuters.

Investor revolt torpedoes Swiss Sunrise's $6.4 billion Liberty Global deal

22 Oct 2019

ZURICH Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global's Swiss cable business UPC.

Liberty Global backs Sunrise deal to tune of $500 million

14 Oct 2019

ZURICH Liberty Global has offered a 500 million Swiss franc ($501.45 million) sweetener to rescue the sale of its Swiss cable and TV business to Sunrise Communications but a key Sunrise shareholder said it remained opposed to the deal.

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