Deal to make former Citi banker Michael Klein head of the new business now looks in doubt

Swiss lender UBS is looking to unwind a deal to sell off Credit Suisse's investment bank and has entered talks with dealmaker Michael Klein, the 

 to separate investment unit CS First Boston, with Klein's advisory boutique to be folded in and he to be made chief executive.

UBS starts talks to unwind CS First Boston spinoff — reports

Joshua Kirby

Credit Suisse

Citi

Banking

Finance

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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The New York investment firm posted a profit of $472.4 million, compared with $667.9 million a year earlier.

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