Credit Suisse to merge with UBS after deal closes New group will oversee $5 trillion in assets UBS CEO warned of painful decisions ahead UBS CEO: still analyzing plan for Credit Suisse’s domestic business UBS shares showed a slight rise in premarket ZURICH, June 5 (Reuters) – UBS (UBSG.S) plans to complete its takeover of … Read more
ZURICH, June 5 (Reuters) – The takeover of Credit Suisse (CSGN.S) by UBS Group (UBSG.S), organized by the Swiss authorities to avoid a wider banking crisis, is expected to be formalized as early as June 12, the the bank said Monday. The completion of the combination marks the final chapter for the 167-year-old institution after … Read more
HOUSTON, May 31 (Reuters) – Shareholders of Exxon Mobil Corp (XOM.N) and Chevron Corp (CVX.N) overwhelmingly rejected calls for tougher measures to mitigate climate change on Wednesday, dismissing more a dozen climate-related proposals at their annual meeting. meetings. The findings helped the two biggest US oil producers resist pressure from investor groups calling on the … Read more
NEW YORK, May 30 (Reuters) – U.S. prosecutors said on Monday they were opposing a motion by former cryptocurrency billionaire Sam Bankman-Fried to dismiss criminal charges accusing him of having stole billions of dollars from clients to make up for his hedge fund’s losses. Bankman-Fried, the 31-year-old founder of FTX Trading, pleaded not guilty in … Read more
(1/3) The logo of insurer Allianz SE is seen on the company’s building in Puteaux, in the financial and business district of La Defense near Paris, outside Paris, France, May 14, 2018. REUTERS/Charles Platiau /File Photo Lloyd’s of London is the latest of the six to leave NZIA UN group warns ‘political attacks’ hurt insurers … Read more
May 21 (Reuters) – The absence of women from the list of potential successors to the CEO of Morgan Stanley (MS.N) underscores the importance of cultivating and retaining diverse talent, according to corporate governance experts. Morgan Stanley co-chairmen Ted Pick and Andy Saperstein and chief investment officer Dan Simkowitz are the first to succeed James … Read more
WILMINGTON, Delaware, May 15 (Reuters) – The U.S. Virgin Islands has subpoenaed Tesla Inc (TSLA.O) CEO Elon Musk over documents in his lawsuit accusing JPMorgan Chase & Co (JPM.N) of helping to enable sexual abuse by late sex offender Jeffrey Epstein. The subpoena, issued on April 28, was revealed Monday in a request from the … Read more
OMAHA, Nebraska, May 6 (Reuters) – Warren Buffett on Saturday criticized the handling of recent turmoil in the banking sector and said a showdown over the debt ceiling could cause “turbulence” in the financial system, even though he offered a vote of confidence in the United States and its conglomerate Berkshire Hathaway Inc (BRKa.N). Speaking … Read more
Chile to create state-owned lithium company A state-owned company will control the world’s largest lithium reserves Copper giant Codelco will play a key role SANTIAGO, April 20 (Reuters) – Chilean President Gabriel Boric said on Thursday he would nationalize the country’s lithium industry, the world’s second-largest producer of the metal essential for electric vehicle batteries, … Read more
