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