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The Latest Breaking News from Zurich

Swiss court convicts four bankers over Putin cellist funds

Zurich (AFP) - Four bankers from a Russian bank's Swiss branch have been found guilty by a Zurich court over vast sums going into the accounts of a close confidant of President Vladimir Putin.

AFP

UBS former CEO returns to handle 'huge' Credit Suisse takeover risks

Zurich (AFP) - UBS announced Wednesday it will bring back former chief executive Sergio Ermotti to handle the huge risks involved in the Swiss banking giant's controversial absorption of troubled rival Credit Suisse.

AFP

Rare T-Rex skeleton to go under the hammer in Switzerland

Millions of years after dinosaurs ruled the Earth, the skeleton of a giant Tyrannosaurus Rex was introduced to the public in Switzerland on Wednesday ahead of its auction next month.

Reuters

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Scientists have bone to pick with T-Rex skeleton set to sell for millions

Zurich (AFP) - A curator gingerly fastens a pointy claw bone with a thin metal wire, completing perhaps the world's biggest construction kit -- reassembling a 67-million-year-old Tyrannosaurus-Rex called Trinity.

AFP

Ermotti back as UBS CEO to handle Credit Suisse takeover risks

AFP

UBS brings back Ermotti as CEO to lead Credit Suisse takeover

Zurich (AFP) - UBS announced Wednesday it was bringing back former CEO Sergio Ermotti to lead the Swiss banking giant's controversial acquisition of troubled rival Credit Suisse.

AFP

Ermotti back as UBS chief for Credit Suisse takeover

ZURICH: Sergio Ermotti will return as CEO of Swiss banking giant UBS to pilot the controversial acquisition of troubled rival Credit Suisse, its board announced Wednesday.

Bangkok Post

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Sergio Ermotti back as UBS chief for Credit Suisse takeover

Zurich (AFP) - Sergio Ermotti will return as CEO of Swiss banking giant UBS to pilot the controversial acquisition of troubled rival Credit Suisse, its board announced Wednesday.

AFP

Unforgotten series five, episode five recap – TV doesn’t get more head-spinning than this

Did Precious have a ‘sugar daddy’? Why was she blackmailing Karol? And will Hume make it to Zurich? A revelatory hour left us tantalisingly poised for the finale

The Guardian - UK

The world’s coolest second cities, from Milan to Mumbai

Skip the headline act and opt for a more stimulating stay in one of these underrated second cities

The Independent UK

Natural disasters, inflation upped insurers' costs in 2022: Swiss Re

Zurich (AFP) - Natural disasters increased insurers' costs in 2022, with inflation pushing up the bill even more, reinsurer Swiss Re said Wednesday, warning of likely further rises in the future due to climate change.

AFP

Swiss sweat over size of new superbank

Zurich (AFP) - The arranged marriage of UBS and Credit Suisse will create the biggest bank Switzerland has ever seen, with some wondering if the superbank might be too big for its own good.

AFP

Views from Zurich as Swiss bank Credit Suisse taken over by rival UBS

Watch from Zurich as news breaks that Credit Suisse will be taken over by its larger rival, UBS.

The Independent UK

Credit Suisse shares slump 64% after UBS deal

LONDON/ZURICH: Shares in Credit Suisse dropped 64% after the market opened on Monday after rival UBS agreed at the weekend to take over the 167-year old bank for $3 billion.

Bangkok Post

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AFP

UBS takeover of Credit Suisse: the main points

Zurich (AFP) - The takeover of Credit Suisse by UBS will create a banking giant unprecedented in the history of Switzerland, where banking is a core part of the national identity.

AFP

Credit Suisse: a bank sunk by scandals

Zurich (AFP) - Credit Suisse was a pillar of Swiss banking that rapidly collapsed, its foundations fatally undercut by repeated missteps that left it shaky when storms in the banking sector began swirling.

AFP

UBS against the clock in Credit Suisse takeover talks

Zurich (AFP) - UBS was up against the clock Sunday in talks to finalise a mammoth takeover of its troubled rival Swiss bank Credit Suisse and reassure investors before the markets reopen.

AFP

UBS and Credit Suisse: similar Swiss banks with differing fortunes

Zurich (AFP) - UBS and Credit Suisse, the two biggest banks in Switzerland, are in takeover talks, according to several media -- a move long deemed unthinkable as the pair are so similar.

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AFP

UBS in talks to save Credit Suisse

Zurich (AFP) - Credit Suisse is in advanced talks with its larger Swiss rival UBS about a deal to salvage Switzerland's second-biggest bank, in a bid to reassure investors before the markets open next week, several media reported Saturday.

AFP

Crunch weekend for crisis-hit Credit Suisse

Zurich (AFP) - Troubled Credit Suisse has two days to reassure before the markets open Monday with the spectre of a new turbulent week in global finance looming.

AFP

Credit Suisse at a crossroads as stocks slide again

Zurich (AFP) - Credit Suisse shares fell again Friday despite being bolstered by the Swiss central bank as investors worry about which road the embattled lender will take to try and restore confidence.

AFP

Credit Suisse bounces back but caution lingers

Zurich (AFP) - Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future.

Bangkok Post

Credit Suisse bounces back but investors cautious

ZURICH: Credit Suisse rallied on the stock market Thursday after grabbing a $54 billion central bank lifeline in a bid to restore investor confidence but analysts remain wary about the major lender's future.

Bangkok Post

Credit Suisse says it will borrow up to $53.7bn from central bank

ZURICH: Credit Suisse announced Thursday that it would borrow almost US$54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices.

Al Jazeera

Credit Suisse to borrow up to $54bn amid banking crisis fears

Announcement comes after Zurich-based bank’s shares lost more than one-quarter of their value in a day.

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