Internal UBS document says uncooperative regulators could jeopardise the timeline of the merger as well as other related transactions.
September 20, 2023Hong Kong investors will claim the wipeout of Credit Suisse AT1 bonds was at odds with a bilateral investment treaty between Hong Kong and Switzerland.
September 8, 2023US, UK, and Swiss regulators took coordinated action to punish the "unsafe and unsound" risk management practices at Credit Suisse.
July 25, 2023The SNB says Credit Suisse AT1 bonds should have been wiped out earlier, and that a review of the too-big-to-fail framework is needed.
June 23, 2023FINMA said its intensive supervision will "definitely continue". MAS said it expects both banks to handle the implications for jobs "responsibly".
June 13, 2023UBS has meanwhile finalised a guarantee agreement with the Swiss government and is now expected to close its Credit Suisse acquisition on Monday (12 June).
June 12, 2023Some Credit Suisse bankers had their bonus awards based on AT1 bonds, which were wiped out in the government-orchestrated rescue in March.
June 5, 2023Credit Suisse was ordered to pay billionaire Bidzina Ivanishvili $926mn in compensation for failing to safeguard his assets from misappropriation.
May 30, 2023The investigation's exact mandate and the membership of the commission will be decided in legislative sessions which begin on 30 May.
May 18, 2023The EMEA Credit Derivatives Determination Committee was asked to rule on whether the Credit Suisse takeover should trigger insurance payouts on bonds.
May 18, 2023