The Latest Breaking News from UBS

Credit Suisse had earlier written in an internal memo that it would pay outstanding bonuses as it tries to stick to "business as usual."

Switzerland’s government says it’s ordering Credit Suisse to temporarily suspend bonuses for employees after orchestrating a plan for the No. 2 Swiss bank to be taken over by rival UBS

Investment banking roles expected to be worst hit at Credit Suisse in London

The recent collapse of Silicon Valley Bank (SVB) – the failure of the biggest US lender since the 2008 global financial crisis – has created waves across the global banking system. The subsequent collapse of another US institution, Signature Bank, the US$30 billion (£24.5 billion) lifeline given to First Republic…

City Comment: The concern now must be that the banking is in the hands of one gigantic institution

Investors are looking ahead to a brace of potentially explosive interest rate decisions later in the week

Could isolated failures herald another global banking crisis?

JPMorgan's 2008 rescues ended up costing the bank $19 billion.

UBS’s rescue of Credit Suisse is expected to result in tens of thousands of job cuts, while bank shares are recovering today on both sides of Atlantic

Economists caution against comparisons to 2007-08 bank failures despite persistent market turmoil.

Gold prices passed US$2,000 for the first time in more than a year on Monday as UBS's recent takeover of its Swiss rival Credit Suisse for $3.2 billion failed to assure investors about ongoing bank woes.