American Express to acquire UBS’s 50% stake in Swisscard, becoming sole owner
Swisscard was founded in 1998 as a joint venture between Amex and Credit Suisse.
Credit Suisse
UBS and SuMi Trust joint venture to acquire Credit Suisse wealth management business in Japan
The JV will absorb Credit Suisse’s Japanese advisor base and wealth management assets.
New private bank Volans gears up for launch in Australia
Volans aims to become Australia’s number one private bank before taking the brand global.
UBS to pay $388m in fines relating to Credit Suisse’s doomed dealings with Archegos
The US Federal Reserve has fined Credit Suisse $269 million, with the UK’s PRA issuing a further $119 million fine.
Santander reportedly looks to boost investment banking operations with new hires
Reuters reports Santander is making at least 50 new hires in a push to become a major investment banking player.
FinTech Futures: Top five stories of the week – 12 May 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UBS announces leadership team shake-up following Credit Suisse takeover
Credit Suisse CEO Ulrich Körner will join UBS’s executive board upon completion of the acquisition.
FinTech Futures: Top five stories of the week – 31 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Sergio Ermotti returns to UBS as group CEO to help manage Credit Suisse takeover
Ermotti was previously group CEO of UBS for nine years between 2011 and 2020.
Saudi National Bank chairman resigns following Credit Suisse losses
Saudi National Bank was the largest shareholder in Credit Suisse before it was taken over by UBS.
FinTech Futures: Top five stories of the week – 24 March 2023
Here’s our pick of five of the top news stories from the world of finance and tech this week.
UBS buys Credit Suisse in government-backed deal
The new business entity will be worth more than $5 trillion, with invested assets worth more than $1.5 trillion.
Financial super-app Curve lands $1bn credit facility from Credit Suisse
The firm plans to scale its lending business Curve Flex across the UK, EU and US.
FinTech Futures: Top five stories of the week – 28 October 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Credit Suisse to cut 9,000 jobs, raise $4bn in capital as part of new transformation plan
CEO Ulrich Körner says the restructuring is a “historic moment for Credit Suisse”.
SEC fines 16 Wall Street firms $1.1bn for recordkeeping failures
For more than three years employees routinely used messaging apps on their devices to discuss business matters.
Credit Suisse sells global trust business to Butterfield and Gasser Partner
Both deals are expected to close in H1 2023.
Banking Tech Awards USA 2022 Winner: Marinela Tudoran, Credit Suisse – Woman in Technology
We are delighted to be featuring Marinela Tudoran, winner of W.I.T. Award at the Banking Tech Awards USA.
FinTech Futures: Top five stories of the week – 26 August 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
Credit Suisse names new CFO and group COO
The Swiss banking group has announced a flurry of new appointments.
FinTech Futures: Top five stories of the week – 29 July 2022
Here’s our pick of five of the top news stories from the world of finance and tech this week.
New group CEO and comprehensive strategic review at Credit Suisse
Ulrich Körner replaces Thomas Gottstein, who is leaving Credit Suisse after 23 years.
Change at the top for Credit Suisse as Horta-Osório resigns as chairman
Horta-Osório resigns after it was found he broke Swiss and UK Covid-19 isolation rules.
UK’s Financial Conduct Authority hands out £568m worth of fines in 2021
The scrutiny of large financial services giants formed part of the FCA’s broader strategy.
SIX, BIS and SNB conduct CBDC core banking integration test
Citi, Credit Suisse, Goldman Sachs, Hypothekarbank Lenzburg and UBS also took part in the experiment.
Credit Suisse poaches Goldman Sachs’ Joanne Hannaford to lead technology & operations
Hannaford spent 25 years at Goldman Sachs in London and New York.
Credit Suisse nabs 16-year HSBC veteran for global fintech role
Orazio Tarda joins the Swiss bank after a long spell with HSBC.
Data extraction start-up Daloopa lands $20m investment led by Credit Suisse
The firm has now raised around $24 million in total.
Credit Suisse appoints Goldman Sachs veteran as new technology exec
Joanne Hannaford will join as chief technology and operations officer in January 2022.
Credit Suisse announces António Horta-Osório as new chairman
The outgoing Lloyds executive will join the Swiss bank in April.
Credit Suisse’s Canadian arm goes live with London fintech Torstone
“The opportunity to reduce our total cost of ownership was a key driver,” says bank.
Belgium investigates Credit Suisse over hidden accounts
It follows allegations that the bank helped 2,650 Belgians hide their accounts from tax authorities.
Major banks assess COVID-19 working from home policies
A list of how some major banks are responding to COVID-19 remote working policies.
Credit Suisse spying scandal forces out CEO Tidjane Thiam
The bank loses Thiam to protect its reputation.
US regulators remind FIs of AML obligations for digital assets
The CFTC, SEC and FinCEN point to AML/CFT requirements for digital assets.
Credit Suisse mulls return to US private banking to serve LatAm’s wealthiest
The bank is looking to add $15 billion in assets to a new Miami base.
Credit Suisse to focus on digital banking
“Maintaining the status quo was not an option.”
Australian challenger bank Judo gets $350m funding boost
Receives debt facility agreement with Credit Suisse.
Swiss watchdog investigates Credit Suisse and UBS over Apple payments boycott
Alleged boycott of Apple Pay and Samsung Pay in favour of TWINT.
Top fintech stories this week – 27 July 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
