UBS

The Zurich-based bank reported $29 billion in net and pre-tax profit in the second quarter, its first earnings release since the government-orchestrated merger

With the UBS settlement, the last remaining outstanding legal case from the Great Recession has now come to a close, the Justice Department said

The bank posted net profit of nearly $1.04 billion in the first quarter, down 52% from the same period a year ago despite the new inflows

The country’s parliament is discussing accountability for long-troubled Credit Suisse, state emergency funds for the merger with UBS and what it will mean to have one giant bank

At the Swiss bank’s annual shareholders meeting, the UBS chairman said the $3.25 billion takeover would close in the next few months but fully integrating the two institutions is expected to take three to four years

Cases such as those of Silicon Valley Bank and Credit Suisse show how the sector is facing new risks, such as the speed of fund outflows or the viral spread of bad news and rumors

The upheaval in the financial system that’s followed the collapse of two major U.S. banks is raising the likelihood that lending standards will become sharply more restrictive

Fears remain that other banks have misjudged the risk to their finances from rising interest rates, as Silicon Valley did

Swiss authorities pushed for UBS to take over its smaller rival after a plan for Credit Suisse failed to reassure investors and the bank’s customers

Credit Suisse said Thursday that it would exercise an option to borrow up to 50 billion francs ($53.7 billion) from the Swiss National Bank

The turmoil prompted an automatic pause in trading of Credit Suisse’s shares on the Swiss market and sent shares of other European banks plunging