The Dassault Falcon 7X, the same model of private jet owned by Taylor Swift, was misused by António Horta-Osório, Credit Suisse's ex-chair, an internal investigation found.
Klein's firm, M. Klein & Co., has joined forces with Creative Artists Agency, or CAA, to advise on sports, media, and entertainment deals.
The record profit is mostly due to an accounting gain following its government-brokered takeover of its arch Swiss rival earlier this year.
UBS CEO Sergio Ermotti said it will lay off "around 1,000" workers as it integrates Credit Suisse's domestic bank. A further 2,000 cuts will follow.
The US saw the biggest drop in wealth, shedding $5.9 trillion. Japan, China, Canada, and Australia also saw wealth declines over $1 trillion.
The coming job cuts at Credit Suisse may even be uglier than you thought as UBS works to integrate its Swiss banking rival.
UBS is tweaking the leadership of its wealth management and investment banking units after buying Credit Suisse. Insider has all the names.
Mike Wilson, Stanley Druckenmiller and David Rosenberg are among those on Wall Street who have renewed their recession warnings.
Insider's Phil Rosen looks into the Wall Street mogul's latest comments on the economy and looming debt default.
"We're going to be in a long recession of price," says Ray Farris.
"I fully accept that lot of these indicators suggest that we should have a recession," Farris said. "There are some differences in this cycle."
Credit Suisse saw its outflows accelerate to $69 billion last quarter, which culminated in its government-brokered takeover. That's more than UBS's $63 billion market cap.
Credit Suisse shared 15 stocks set to stand out in Q1, which is expected to be the weakest earnings season since 2020.
An increasing number of households feel like their access to credit is already deteriorating, a new survey found.
Insider spoke with Wall Street recruiters to find out which Credit Suisse bankers they want to poach. They gave us these 19 names.
Short sellers made $7 billion last month betting against banks like SVB, First Republic and Credit Suisse, in the most profitable wagers against lenders since the 2008 financial crisis.
Some shareholders at Credit Suisse's final annual meeting didn't hold back in venting their anger and frustration at the bank's board.
Protesters at Zürich's hockey arena showed off a boat labeled "Crisis Suisse" in a final jab at the bank's mismanagement, per the Associated Press.
Switzerland's Federal Prosecutor told the Financial Times it was looking into potential breaches of Swiss criminal law by parties involved in the deal.
Shorting bank stocks in March produced a "wide swath of profitable trades that returned +17.2% in less than a month," says data tracker S3 Partners.