CS / Banks under pressure: "not the time to panic"

UBS is being fined for missteps by Credit Suisse less than two months after UBS completed an emergency takeover of its former rival. more_horizontal

The U.S. Federal Reserve has hit Swiss bank UBS with a $268.5 million fine over "misconduct" by its rival, Credit Suisse, before the two merged in Mar more_horizontal

The settlement is the first of several that UBS could have to pay after it last month closed its takeover of Credit Suisse, which was involved in a more_horizontal

UBS has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse's dealings with private investment firm Archegos Capital Ma more_horizontal

The U.S. Federal Reserve said Monday that UBS Group AG UBS, +1.13% must pay a total of $387 million for alleged misconduct related to $5.5 billion in more_horizontal

The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse's misconduct around its dealings with the defunct more_horizontal

Credit Suisse will reportedly let go of a third of its investment bankers in London by the end of this month, according to reports. The bank, which is more_horizontal

Credit Suisse is set to launch a new round of layoffs which may impact more than 40 employees in one of its China units, two people with direct knowle more_horizontal