ZURICH Activist investor Active Ownership Capital (AOC) has joined the ranks of shareholders that oppose Sunrise Communications' planned 6.3 billion Swiss franc ($6.36 billion) takeover of Liberty Global's UPC Swiss cable operator.
Zürich UBS-Chef Sergio Ermotti sucht im schwächelnden Investmentbanking den Befreiungsschlag.
Switzerland's UBS plans another shake-up of its investment banking arm to help boost earnings and curb costs after tough market conditions precipitated a performance dip.
FRANKFURT/LONDON Swiss firms Selecta and SoftwareONE are expected to both launch initial public offerings this month to raise at least 1 billion Swiss francs ($1.03 billion) each, several sources with knowledge of the transactions said.
ZURICH Britain's Barclays and Switzerland's Julius Baer have targeted Credit Suisse's International Wealth Management business, which in July saw the departure of its head Iqbal Khan, to hire a total of 14 bankers.
ZURICH Sunrise Communications' proposed takeover of Liberty Global's Swiss UPC business faces a revolt with at least two big investors joining top shareholder Freenet in opposing the 6.3 billion Swiss franc ($6.46 billion) deal, sources said.
ZURICH Credit Suisse wealth management boss Iqbal Khan is leaving Switzerland's second-largest bank in the latest high-level departure under Chief Executive Tidjane Thiam.
ZURICH Israel's finance ministry has sought help from Switzerland in identifying Israelis it believes have undeclared assets at Union Bancaire Privee (UBP) and Bank Julius Baer, Swiss government documents show.
FRANKFURT/ZURICH Germany's Freenet has hired Citi to explore possible options for improving terms of the deal for Sunrise Communications -- in which it is the largest shareholder -- to buy Liberty Global's Swiss UPC cable business, sources close to the matter told Reuters.