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The historic Credit Suisse building at Paradeplatz 8 in Zurich has been rebranded with UBS logos, marking a significant transition as UBS prepares to establish its Campus Paradeplatz. The building, which has been a symbol of the Swiss financial center since 1876, will feature enhanced public spaces with retail and dining options, while UBS aims to serve its Swiss customers from this location. The first UBS teams are set to move in shortly, with plans for a total of 4,000 employees at the campus.
UBS has replaced the Credit Suisse logo at Paradeplatz 8, marking a significant step in the integration of the two banks. The historic building, which has served as Credit Suisse's headquarters since 1876, will be transformed into a campus for around 4,000 employees, with renovations at Paradeplatz 6 set to open in early 2027. The ground floor of Paradeplatz 8 will feature commercial spaces and dining options, enhancing public accessibility.
VPBank has taken ownership of GPBank as part of a restructuring effort under special control, aiming to enhance GPBank's operations and address its weaknesses. The transfer, compliant with legal regulations, allows VPBank to expand its customer base and network while ensuring the rights of GPBank's depositors. Additionally, VPBank will provide capital and expertise to support GPBank's development, with a total contribution capped at 20% of its charter capital.
Crédit Agricole has announced the acquisition of 100% of Sline, a fintech in which it previously held a 50% stake. This move allows the banking group to enhance its rental solutions for e-merchants and retailers, providing a comprehensive service ecosystem through its Sofinco subsidiary.
UBS has officially taken over the former Credit Suisse headquarters at Paradeplatz, marking a significant step in the integration of the two banks. The new "UBS Campus Paradeplatz" will accommodate around 4,000 employees across four buildings, enhancing public access with retail and dining options. The historic Paradeplatz 8, built in 1876, will primarily serve UBS's Swiss clients, with the first employees moving in shortly.
UBS has replaced the Credit Suisse logo at Paradeplatz 8, marking a significant step in the integration of the two banks. The historic building, a symbol of the Swiss financial center, will be part of a new campus housing around 4,000 employees, with renovations set to complete by 2027. The first teams are expected to move in shortly, and the branch will soon offer both UBS and Credit Suisse products.
The State Bank of Việt Nam has officially transferred 100% ownership of GPBank to VPBank as part of a mandatory restructuring plan aimed at improving GPBank's operations. VPBank will retain GPBank as a subsidiary, ensuring the rights of depositors are protected while contributing capital to enhance GPBank's performance. This move is expected to expand VPBank's customer base and strengthen its position in the banking sector.
UBS is preparing for significant job cuts, particularly in its legal and HR departments, as part of a strategy to reduce costs by $13 billion by 2026. Tensions are rising between former Credit Suisse employees and UBS staff over bonuses, with the former group gaining influence in the new structure. The layoffs will primarily occur through natural attrition and early retirements, supported by a social plan for affected employees.
UBS has officially branded the former Credit Suisse headquarters at Paradeplatz 8 in Zurich, marking a significant step in the integration of Switzerland's second-largest bank into the largest. The bank plans to develop a campus for around 4,000 employees across four buildings in the area, with Paradeplatz 6 set to become an asset management hub by 2027, featuring shops and restaurants. Additionally, Swisscard has completed the transfer of its Credit Suisse card portfolio to UBS.
UBS has officially branded the former Credit Suisse headquarters at Paradeplatz 8 in Zurich, marking a significant step in the integration of the two banks. The new campus will house around 4,000 employees across four buildings, with Paradeplatz 6 set to transform into an asset management center by 2027, featuring shops and restaurants. Additionally, Swisscard has completed the transfer of its Credit Suisse card portfolio to UBS.
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