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News

Five things to know about Credit Suisse's new chairman Lehmann

Jan 17 (Reuters) - Credit Suisse's CSGN.S chairman Antonio Horta-Osorio resigned on Monday following an investigation by the Swiss bank's board into his personal conduct. He will be replaced by Axel Lehmann, who joined the Credit Suisse board in October to head its risk committee following a series of scandals. Here are five facts about Lehmann. CR
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Credit Suisse faces more upheaval after chairman's sudden exit

* Chairman Antonio Horta-Osorio apologises for personal actions * Quits within one year after taking charge * Bank appoints former UBS executive Axel Lehmann as chairman * Lehmann says bank's strategy is not under discussion * Credit Suisse announced big revamp in November By Anshuman Daga and Oliver Hirt SINGAPORE/ZURICH, Jan 17 (Reuters) - Credit
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Switzerland tests digital currency payments with top investment banks

(Refiles to remove duplication of third paragraph lower down in the story) By John Revill and Tom Wilson ZURICH, Jan 13 (Reuters) - Switzerland's central bank has successfully used digital currency to settle transactions involving five commercial banks, the Swiss National Bank said on Thursday, the latest trial of the technology in wholesale market
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UBS Group Announces Intention To Redeem Additional Tier 1 Instrument

Jan 13 (Reuters) - UBS Group AG UBSG.S : * REDEMPTION OF UBS GROUP AG ADDITIONAL TIER 1 INSTRUMENT * UBS ANNOUNCED ITS INTENTION TO REDEEM TOTAL OUTSTANDING EUR 1.0BN ADDITIONAL TIER 1 INSTRUMENT WITH ISIN CH0271428309 ( "AT1 INSTRUMENT") ON 19 FEBRUARY 2022, FIRST CALL DATE * AT1 INSTRUMENT WAS ISSUED BY UBS GROUP AG ON 19 FEBRUARY 2015 AND IS LIS
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HSBC, UBS order Hong Kong office changes as COVID cases rise

By Scott Murdoch HONG KONG, Jan 6 (Reuters) - Banks in Hong Kong including HSBC Holdings Plc HSBA.L and UBS Group AG UBSG.S are taking steps to reduce the number of people at the workplace after having operated at near full capacity for the past few months, as the city faces a spike in COVID-19 cases. HSBC, which is one of the biggest employers in
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