• Travel Mag Search: Deals

      Receive the "Deals" Newsletter by email

  • Meet UBS CEO Ralph Hamers, a leader behind Credit Suisse negotiations who opts for open-necked shirts and wants to build 'Netflix of wealth'

    13 days ago - By Business Insider

    CEO Ralph Hamers of Swiss bank UBS addresses the Annual Meeting of Swiss Financial Institute in Zurich, Switzerland November 10, 2022. Arnd Wiegmann/Reuters
    UBS CEO Ralph Hamers is a key figure in negotiations to buy Credit Suisse and prevent its collapse.
    The 56-year-old exec has worked in Swiss banking for more than three decades and is a proponent of digital innovation.
    Here's a look at the life of Hamers.
    In tense, down-to-the-wire negotiations, UBS is working to eke out a deal to buy Credit Suisse and prevent a bank collapse before international markets open Monday, led in part by the...
    Read more ...

     

  • UBS offers up to $1 billion to rescue Credit Suisse, report says

    13 days ago - By Business Insider

    Credit Suisse was worth about $9.5 billion when trading ended on Friday. Arnd Wiegmann/Getty Images
    UBS is offering to pay up to $1 billion to buy Credit Suisse, the Financial Times reported.
    UBS has been in talks this weekend about buying some or all of its troubled Swiss rival.
    Credit Suisse believed the offer was too low, Bloomberg reported.
    UBS is proposing to pay up to $1 billion to rescue its troubled Swiss rival Credit Suisse, the Financial Times reported Sunday. Swiss regulators plan to make an emergency change to laws so it can avoid a shareholder vote on the deal to speed up the...
    Read more ...