UBS scouting for new top boss with Sergio Ermotti to exit next year Banking UBS Group is on the hunt for a new chief executive with the banking giant’s current top boss lined up for an exit next year. Sergio Ermotti, who has led the near-£112bn bank since he was rehired in 2023, is expected to depart in April 2027. The veteran financier had pledged to lead UBS “at [...]
Six of the top business books of 2025 Life&Style Yes, dear reader, it’s that time of year again. What to buy for that special high-flying City exec in your life? I’ve read nearly 50 books this year – most of them new, and most about business. Some were good, others have since found their way to Oxfam. Here are a few of my favourites. [...]
Credit Suisse’s legal bid to recover Greensill losses from Softbank fails Legal Swiss lender Credit Suisse has failed in its attempt to recover $440m from Softbank following the collapse of financial firm Greensill Capital. Credit Suisse – now UBS – was hit hardest by Greensill’s collapse, owing to its significant exposure through various funding and investment vehicles. Greensill Capital, founded by Alexander (Lex) Greensill, went under in [...]
Mark Kleinman: Thames Water’s fate now sounds like a dripping timebomb August 14, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly CityAM column Thames Water’s fate now sounds like a dripping timebomb There are few more irritating sounds than that of a dripping tap you cannot fix. That, writ large, is the headache facing the Labour government as it [...]
Credit Suisse seeks $440m Greensill Capital losses from SoftBank June 4, 2025 Four years after Greensill Capital collapsed, Swiss lender Credit Suisse's $440m legal battle against SoftBank is set for showdown at London's High Court
Bank of London appoints former Credit Suisse boss as chief executive January 20, 2025 Embattled fintech ‘unicorn’ the Bank of London has appointed the former UK boss of Credit Suisse as chief executive today, as it looks to recover from a string of setbacks and the sudden exit of its founder last year. In a statement, the digital clearing bank said Christopher Horne, who previously headed the failed Swiss [...]
Former Swiss finance minister warns about size of enlarged UBS January 11, 2025 UBS could be seen as being too big for Switzerland following its takeover of Credit Suisse, former Swiss Finance Minister Ueli Maurer said.
London Metal Exchange hires veteran Credit Suisse executive in modernisation push September 16, 2024 The London Metal Exchange has added veteran banker Robert Arbuthnott to its executive team as the marketplace looks to modernise and rebuild its reputation after a high-profile legal battle.
Angel fund backed by former Credit Suisse CEO and Bridgerton star raises over £8m August 29, 2024 An angel fund backed by the former CEO of Credit Suisse and Bridgerton actress Charithra Chandran has raised $10.9m (£8.3m) in its first close. The Arāya Super Angel Fund, run by Arāya Ventures, is set to invest in up to 60 pre-seed and seed stage founders over the next four years in health tech, fintech, [...]
UBS profit smashes analyst estimates as it steps up Credit Suisse integration August 14, 2024 Swiss banking titan UBS has reported a profit well ahead of analysts' forecasts for the three months to June as it steps up its integration of fallen rival Credit Suisse.