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Top related persons:
Noele Illien - 2 Stefania Spezzati - 2 Denis Balibouse - 1 Kian Abouhossein - 1 Abouhossein - 1 Sergio Ermotti - 1 Ermotti - 1 Oliver Hirt - 1
Top related locs:
Zurich Switzerland Raiffeisen Switzerland ZURICH Swiss Spain’s Zurich
Top related orgs:
Credit Suisse - 2 UBS - 2 Thomson - 2 REUTERS - 1 Rights - 1 Suisse - 1 JPMorgan - 1 UBS's - 1

Search resuls for: "Noele Illien Stefania Spezzati"


3 mentions found


☆ UBS pays bumper rates on deposits to repair Credit Suisse outflows -sources
  + stars: | 2023-10-04 | by ( Noele Illien Stefania Spezzati | Noele Illien | Stefania Spezzati | ) www.reuters.com   time to read: +3 min
Logos of Swiss banks Credit Suisse and UBS are seen before a news conference in Zurich Switzerland, August 30, 2023. The analyst said higher deposit rates were potentially being used to limit outflows at Credit Suisse and had been weighing on the bank's ability to bolster revenue. Credit Suisse reported net asset outflows of 39 billion francs in the second quarter. However, UBS said the outflows had slowed down and reversed in June, with Credit Suisse reporting net deposit inflows of $18 billion in the second quarter. UBS's Chief Executive Sergio Ermotti has said he aims to get back the Credit Suisse assets.
Persons: Denis Balibouse, Kian Abouhossein, Abouhossein, Sergio Ermotti, Ermotti, Noele Illien, Stefania Spezzati, Oliver Hirt, Elisa Martinuzzi, Mark Potter Organizations: Credit Suisse, UBS, REUTERS, Rights, Suisse, JPMorgan, UBS's, Thomson Locations: Zurich Switzerland, Raiffeisen, Switzerland
☆ Credit Suisse bankers leaving by the hundreds every week - sources
  + stars: | 2023-05-31 | by ( Noele Illien Stefania Spezzati | Noele Illien | Stefania Spezzati | ) www.reuters.com   time to read: +3 min
Credit Suisse bankers, worried about their future are seeking safer employment at competitors, one person said. Credit Suisse said in April that the bank's "employee attrition has been higher over the last year," and that it had just over 48,000 full-time employees at the end of the first quarter. In an example of competitors poaching Credit Suisse's staff, Santander, Spain’s biggest bank, has hired at least eight bankers from Credit Suisse and was targeting more, Bloomberg News reported this month. UBS management has also said it would set a very high bar when deciding whether to retain any of Credit Suisse's investment banking staff. A banker from Credit Suisse in Zurich told Reuters the lender was in a state of flux, with its investment bank seeing the most staff departures.
Persons: Blick, Colm Kelleher, Noele Illien, Stefania Spezzati, Tomasz Janowski Organizations: Credit Suisse, UBS, . Credit Suisse, Credit Suisse's, Santander, Bloomberg News, Reuters, Swiss Finance Ministry, Thomson Locations: ZURICH, Swiss, Spain’s, Zurich
☆ Switzerland curbs bonus payouts at Credit Suisse
  + stars: | 2023-03-21 | by ( Tom Sims Noele Illien Stefania Spezzati | Tom Sims | Noele Illien | ) www.reuters.com   time to read: +3 min
ZURICH, March 21 (Reuters) - Swiss authorities imposed curbs on bonus payments for Credit Suisse (CSGN.S) employees, a move that will penalise bankers after a multi-billion-franc state rescue of the bank. Credit Suisse declined to comment. Battered by years of scandals and losses, Credit Suisse for months had been battling a crisis of confidence. The bank's bonus pool shrank by 50% in 2022 to 1 billion Swiss francs, according to its annual report. The Swiss government also instructed its finance ministry to propose further measures on variable remuneration for Credit Suisse.
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