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Analysts and investors voice caution about tech valuations and Trump’s influence on the US central bankInvestors expect global stock markets to keep rising in 2026, despite fears that the AI bubble could burst, and anxiety about chaos engulfing the US …
Banks accused of ‘organisational deficiencies’ relating to scam that crashed Mozambique economy nearly a decade agoBusiness live –latest updatesSwitzerland’s federal prosecutor has filed charges against the failed bank Credit Suisse and its new owner, …
Tom Hayes claims he was ‘hand-picked scapegoat’ for the Swiss bank as it tried to avoid regulatory scrutinyTom Hayes, the first banker jailed over Libor interest rate rigging, is suing his former employer UBS for $400m (£300m), claiming he was a “hand-…
A ransomware group has claimed the theft of millions of files from procurement service provider Chain IQ and 19 other companies.
The post Chain IQ, UBS Data Stolen in Ransomware Attack appeared first on SecurityWeek.
Swiss banking group has cut 13,000 jobs this year as it recovers from rushed rescue dealBusiness live – latest updatesUBS has reported a $785m (£637m) quarterly loss, its first in nearly six years, as the Swiss banking group counted the costs of rescui…
Fresh legal claim planned by group of almost 1,000 shareholders to rushed rescue in MarchUBS faces another legal challenge to its emergency takeover of Credit Suisse, as a group representing nearly 1,000 individual shareholders, including former employ…
Shares in some firms involved in AI technology more than double in value as traders bet on massive growth in industryA rush of interest in artificial intelligence (AI) has helped to fuel a $4tn (£3.2tn) rally in technology stocks this year, with the US…
Finma accused of acting unlawfully and undermining confidence in Switzerland as a financial centre A group of Credit Suisse investors who lost bonds worth more than CHF 4.5bn (£4bn) are suing Switzerland’s financial regulator over a decision to wipe ou…
Inquiry to focus on whether emergency state-backed UBS takeover breached criminal lawSwitzerland’s federal prosecutor has launched an investigation into whether last month’s state-backed takeover of the stricken bank Credit Suisse by its bigger rival U…
Sergio Ermotti, who stepped down in 2020, will rejoin Swiss bank as it prepares to absorb troubled rivalThe Swiss bank UBS has announced the surprise return of Sergio Ermotti to oversee the takeover of its rival Credit Suisse, amid global concerns over…