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Credit Suisse, driven into a rescue by UBS after heavy cash outflows, is seeking to claw back business by offering rich clients some of the highest deposit rates in the industry, according to a person familiar with the bank's activities in Asia.

Bondholders who suffered a $17 billion loss from Credit Suisse's downfall have filed a lawsuit against the Swiss bank's former and current executives, claiming a toxic work culture in the NY offices were the catalyst to the bank's demise.

UBS will start cutting Asia investment banking jobs at Credit Suisse next month, three people with knowledge of the matter said, as the banks move towards integrating businesses.

UBS Group AG is facing hundreds of millions of dollars in regulatory fines over Credit Suisse Group AG's dealings with Archegos Capital, as the Swiss bank takes on its former rival's entire litigation portfolio. Russell Ward reports on Bloomberg Television.

Credit Suisse's relationship with family office Archegos Capital is set to hit UBS following investigations by UK, Swiss and US regulators.

UBS Group AG faces hundreds of millions of dollars in penalties over Credit Suisse's mishandling of Archegos Capital, after UK, Swiss and U.S. regulators completed their investigations, Financial Times reported on Monday.

Credit Suisse Group AG may be due for a "massive downsizing" of its investment banking businesses after its takeover by UBS Group AG, Chief Executive Officer Sergio Ermotti said in an opinion piece published over the weekend. Jan-Patrick Barnert reports on Bloomberg Television.

Switzerland's parliament announced on Wednesday the 14 members of a special commission that will look into Credit Suisse's collapse and its subsequent rescue engineered by Swiss authorities.

The Oakmark International Fund released its first-quarter portfolio update, revealing that its top five trades included the closure of its positions in Credit Suisse Group AG ( XSWX:CSGN , Financial) and Koninklijke Phillips NV ( XAMS:PHIA , Financial) and a reduction to its holding of Adidas AG ( XTER:ADS , Financial). The fund also boosted its positions in Roche Holding AG ( XSWX:ROG , Financial) and Fresenius Medical Care AG & Co. KGaA ( XTER:FME , Financial).

UBS has axed a raft of senior Credit Suisse executives after the bank completed the takeover of its ailing rival. The Swiss lender said a number of Credit Suisse's most senior bosses will leave the combined company, while others will take on lesser roles, as UBS asserts its dominance following the tie-up.