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2 days ago · The global wealth management unit brought in $25 billion of net new assets, after attracting inflows of $27 billion in each of the first two quarters of the year. UBS said underlying pretax profit ...
2 days ago · UBS trades at 1.2 times expected forward tangible book value, which is roughly in line with its pre-deal valuation multiple, even though it should in theory be on the road to becoming a more ...
2 days ago · Even though the Credit Suisse deal was completed more than a year ago, UBS has been effectively running two banks with their own systems and infrastructure up until now. It completed the first integration phase--which included shedding noncore assets, merging different entities and cutting jobs--earlier this year and is beginning to migrate Credit Suisse client accounts and data to UBS platforms.
15 hours ago · Before its 2023 acquisition by UBS, Credit Suisse said it had arranged swaps to restructure about $2.3 billion of debt for governments spanning Belize to Ecuador. Those deals resulted in some $680 million of new financing dedicated to nature conservation, according to the bank.
2 days ago · UBS defends it is not "too big to fail." The banks' union has spurred UBS to trim expenses, with the banking giant saying in its second-quarter earnings release that it anticipated ending 2024 ...
2 days ago · 2:04. Europe’s banking market is in need of consolidation and narrow political preferences shouldn’t stand in the way, UBS Group AG Chief Executive Officer Sergio Ermotti said. It would be a ...
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2 days ago · UBS Group AG posted results that beat expectations across the board, as risks from regulation to market gyrations appear on the horizon.