UBS CEO creates Credit Suisse leadership list, per FT.
UBS CEO Shortlists Credit Suisse Executives for Management Team
According to the Financial Times, UBS Group AG’s CEO Sergio Ermotti has shortlisted Credit Suisse Group AG’s executives who are most likely to become part of the management team. The report cites sources familiar with the plans and states that Dixit Joshi, chief financial officer, Francesca McDonagh, chief operating officer, and André Helfenstein, head of the Swiss business, are most likely to remain a part of the Swiss bank’s executive team. Credit Suisse declined to comment on the report, and UBS did not immediately respond to Reuters’ request for a comment.
UBS to Close Merger with Credit Suisse by End of May or Early June
Earlier this week, UBS CEO Sergio Ermotti said that the bank is working on closing its merger with Credit Suisse by the end of May or early June. In March, UBS agreed to take over its rival for 3 billion Swiss francs ($3.37 billion), assuming up to 5 billion in losses as part of a deal hastily arranged by Swiss authorities. The bank is also reviewing options for Credit Suisse’s Swiss unit, including keeping the unit’s investment banking operations while selling the rest, potentially in an initial public offering, Reuters reported earlier this week.
- UBS CEO Sergio Ermotti has shortlisted Credit Suisse executives for management team
- UBS to close merger with Credit Suisse by end of May or early June
- UBS reviewing options for Credit Suisse’s Swiss unit
It was a heavy news week between the deadly chokehold incident in New York City and the existential crisis at Fox News after the ousting of Tucker Carlson. Conservative host Bobby Eberle joins One America’s Dana Alexa for another weekly news roundup.
In the second part of an exclusive interview, Wisconsin Senator Ron Johnson tells One America News he no longer has faith or confidence in FBI Director Chris Wray or Attorney General Merrick Garland.
The Arizona Supreme Court orders a trial court hearing Kari Lake’s signature verification challenge to move forward while denying attorney fees.
A for-profit organization is working to drive advertising dollars away from conservative news outlets.
Google Plans to Make Search Engine More “Visual, Snackable, Personal, and Human”
Google is planning to make its search engine more “visual, snackable, personal, and human,” with a focus on serving young people, according to Reuters.
China’s Industry Ministry Issues Draft Cybersecurity Requirements for Vehicles
China’s industry ministry issued a series of draft technical standards, including cybersecurity requirements for vehicles, according to Reuters.
US Justice Department Investigating Binance Holdings
The US Justice Department is investigating whether Binance Holdings was illegally used to let Russians skirt US sanctions and move money, according to Reuters.
Apple’s Stock Surges Nearly 5%
Apple’s stock surged nearly 5% on Friday, hitting a nine-month high and on track for its…
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