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UBS Returns to Profit as Wealth, Investment Bank Drive Beat

UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year.

UBS Returns to Profit as Wealth, Investment Bank Drive Beat
Published on May 07, 2024 10:54 AM IST
Bloomberg |

UPDATE 2-Japan brokerage Daiwa's Q4 profit more than doubles as markets recover

DAIWA-RESULTS/ (UPDATE 2):UPDATE 2-Japan brokerage Daiwa's Q4 profit more than doubles as markets recover

UPDATE 2-Japan brokerage Daiwa's Q4 profit more than doubles as markets recover
Published on Apr 25, 2024 02:28 PM IST
Reuters |

UBS layoffs: Next round of job cuts planned in Credit Suisse integration

UBS layoffs: UBS' takeover of Credit Suisse, biggest bank merger since 2008 global financial crisis, was hastily arranged by Swiss authorities in March 2023.

Signs of Swiss bank giant UBS bank are seen in Basel.(AFP)
Published on Apr 18, 2024 09:41 AM IST
Reuters |

Citigroup to slash 50 more jobs three months after mass layoffs: Report

The cuts are necessary for the bank to reduce its cost base because of adverse market conditions, according to the report.

Citi is also dismantling its global team that provides commentary and analysis on foreign-exchange markets. (File)
Published on Jun 10, 2023 12:54 PM IST
Bloomberg |

Citigroup cuts hundreds of jobs in investment banking, mortgage units: Report

The cuts amount to less than 1% of Citigroup’s 240,000-person workforce, according to people familiar with the matter.

The Citigroup Inc. offices in the Titanic Quarter of Belfast, Northern Ireland, on Friday, (Bloomberg)
Published on Mar 03, 2023 09:14 AM IST
Bloomberg | | Posted by Ritu Maria Johny
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