Latest News for: Zurich executive

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Former UBS CEO Sergio Ermotti Returns to Lead Credit Suisse Takeover

New York Observer 29 Mar 2023
Swiss bank UBS said today (March 29) Sergio Ermotti, its former chief executive between 2011 and 2020, will return as CEO to tackle the bank’s integration with Credit Suisse, the struggling investment bank UBS agreed to acquire earlier this month ... Ermotti’s banking career began in the 1980s with a Citibank branch in Zurich.
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Nestle to examine banking relationships following Credit Suisse downfall

The Philadelphia Inquirer 29 Mar 2023
ZURICH -Nestlewillexamineitsbankingrelationshipsfollowingthe planned takeover ofCreditSuisseby UBS, the food group's Chief Executive Mark Schneider said on Tuesday ... .
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UBS brings back Ermotti as CEO

The Manila Times 29 Mar 2023
ZURICH. Sergio Ermotti will return as chief executive officer of banking giant UBS to pilot the acquisition of troubled rival Credit Suisse, the board announced on Wednesday ... "The task at hand is an urgent and challenging one ... ....
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Stocks Firmly Higher, UBS CEO Returns, Micron Earnings, Jamie Dimon Deposition, Lululemon Soars - Five ...

The Post and Courier 29 Mar 2023
UBS Group UBS shares traded firmly higher in Zurich after longtime executive Sergio Ermotti was brought back to the bank as group CEO to oversee the takeover of investment banking rival Credit Suisse ... UBS shares were marked 1.9% higher in Zurich at 18.06 Swiss francs each, while ...
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Erick plans FIFA talks amid protests over Israel at U-20 World Cup

The Jakarta Post 28 Mar 2023
... minister and a former chairman of Inter Milan, will fly to Zurich for the talks, PSSI Executive Committee member Arya Sinulingga said.
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Artificial Intelligence will not save banks from short-sightedness

Swissinfo 28 Mar 2023
According to Didier Sornette, honorary professor of entrepreneurial risks at the federal technology institute ETH Zurich, the tools aren't the problem but rather the short-sightedness of bank executives who prioritise profits ... .
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Indonesia FA plans FIFA talks amid protests over Israel at U20 World Cup

Reuters 28 Mar 2023
Erick Thohir, who is also a senior cabinet minister and a former chairman of Inter Milan, will fly to Zurich for the talks, PSSI Executive Committee member Arya Sinulingga said. Arya told Reuters flight arrangements were still being made and did not say which FIFA officials he was expected to meet ... read more ... Our Standards ... Read Next ... Gallery ... ....
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Chubb Announces New Climate and Conservation-Focused Underwriting Standards for Oil and Gas Extraction

Longview News-Journal 22 Mar 2023
Insurance coverage to be contingent on client adoption of evidence-based plans to reduce methane emissions ... ZURICH, March 22, 2023 /PRNewswire/ -- Chubb Limited (NYSE ... Greenberg, Chairman and CEO of Chubb ... Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 34,000 people worldwide ... ....
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Chubb Rule of Law Fund Continues Support for Projects to Advance Racial Justice

Longview News-Journal 21 Mar 2023
... public safety requires mutual trust between these groups," said Joseph Wayland, Executive Vice President, Chubb Group and General Counsel ... Chubb maintains executive offices in Zurich, New York, London, Paris and other locations, and employs approximately 34,000 people worldwide.
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UBS, Credit Suisse chiefs in the spotlight in wake of $53.7-b rescue deal

Manila Standard 20 Mar 2023
ZURICH , Switzerland—The heads of Switzerland’s two biggest banks were set for further talks Sunday in which UBS could salvage Credit Suisse, which required a $53.7 billion rescue last week over growing doubts about its solvency ... Koerner, 60, became chief executive of Credit Suisse in August 2022.
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How scandal and mistrust ended Credit Suisse's 166-year run

Detroit news 20 Mar 2023
But in its hometown of Zurich, doubts and frustration were growing ... "In Zurich, we've had a ring-side seat to this spectacular ... The news set off a blame game internally, with executives in New York, London and Zurich turning on one another instead of focusing on damage control.
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Credit Suisse’s 166-year-old history comes to a screeching halt thanks to scandal and mistrust in ...

Deccan Herald 20 Mar 2023
But in its hometown of Zurich, doubts and frustration were growing ... “In Zurich, we’ve had a ring-side seat to this spectacular ... The news set off a blame game internally, with executives in New York, London and Zurich turning on one another instead of focusing on damage control.
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'Nobody has a clue what happens next': Industry insiders react to Credit Suisse's rescue takeover ...

Business Insider 20 Mar 2023
Insiders say executives looked exhausted on a Monday call, and that "nobody has a clue what happens next." ... Executives looked 'very downbeat' at an all-company meeting. Headquartered in Zurich, Credit Suisse has a large presence in Europe ... UBS chief executive Ralph Hamers made clear ...
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What can save Credit Suisse now?

The Spectator 18 Mar 2023
It would be enough to buy Tesco twice over. Or Barclays, with almost enough change left over to buy Lloyds as well ... John Sturgis ... Zurich, where both banks are headquartered, is a smallish town, and it is safe to assume that UBS’s senior executives know enough about the state of their rival not to go anywhere near it if it can possibly be avoided ... .
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Deutsche Bank CEO paid 8.9 million euros in 2022

Reuters 17 Mar 2023
ZURICH, March 17 (Reuters) - Deutsche Bank (DBKGn.DE) paid Chief Executive Christian Sewing 8.9 million euros ($9.49 million) in 2022, up slightly from 8.8 million euros a year earlier, the bank disclosed on Friday, rewarding him for a third consecutive year of profit and hitting key milestones in the lender's restructuring ... Our Standards ... ....

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This photo made from video provided by the Russian Defense Ministry Press Service on Wednesday, March 29, 2023, shows a Yars missile launcher of the Russian armed forces being driven in an undisclosed location in Russia.
AP / Russian Defense Ministry Press Service via AP
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