Business
UBS Pays US$300 Million to settle Credit Suisse mortgage case
Group said it reached an agreement with the US Department of Justice to resolve a legacy Credit Suisse matter related to the former bank’s…
Tag
UBS
Business
UBS beats expectations with US$2.4 billion second-quarter profit
The firm expects trading and transactional activity to become more normalised in the quarter ahead said on Wednesday (Jul 30) that…
Business
UBS second-quarter profit doubles to $2.4 billion, beats estimates
UBS’ second-quarter profit more than doubled from a year earlier, comfortably ahead of expectations, as it joined other major banks in…
Unsorted
UBS loses EU fight over Credit Suisse’s role in ‘Sterling Lads’, but fine cut sharply
The tribunal cut the amount of the fine from 83.2 million euros to 28.9 million euros Group lost the crux of its case against European…
Business
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering related breaches,…
Business
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27.5 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering (AML) related…
Business
AI, power, and longevity to drive next decade of transformational innovation: UBS
Investors should consider allocating part of their portfolios to transformational innovation as a way to diversify risks in an…
Business
UBS kicks off share buyback programme of up to US$2 billion
Group is launching a programme to repurchase as much as US$2 billion worth of its own shares, it said in a release on Monday (Jun 30). The…
Business
UBS downgrades Thai stocks to neutral as political woes weigh
Group strategists downgraded Thai stocks to neutral from overweight, citing recent political uncertainty which could impact policy…
Business
UBS, Pictet report data leak after cyberattack on provider, client data unaffected
Files containing details of tens of thousands of UBS employees were stolen, report says Swiss banks UBS and Pictet on Wednesday (Jun 18)…
Business
UBS faces tough new Swiss banking sector rules
The Swiss government on Friday (Jun 6) proposed stricter rules for UBS following its takeover of Credit Suisse, which could make it hold…
Business
UBS to sell hedge fund unit O’Connor to Cantor Fitzgerald
The deal includes “O’Connor’s six investment strategies” with about US$11 billion in assets under management Group’s asset management…
Business
UBS raises S&P 500 year-end target, eyes more gains in 2026
Global Wealth Management on Thursday raised its year-end target for the S&P 500 to 6,000 from 5,800 and initiated a June 2026 target of…
Business
Apac family offices favour developed market equities, bonds: UBS report
Family offices (FOs) in the Asia-Pacific favoured equities and bonds from developed markets in 2024 and plan to increase their strategic…
Business
UBS to open Abu Dhabi office as more clients move to Mideast
Abu Dhabi has emerged as a magnet for the world’s wealthiest people over the past few years Group is opening a new office in Abu Dhabi as…
Business
Rich Japanese still fear a yen crash, UBS wealth manager says
Speculators and much of the investing world have turned optimistic on the yen as Trump’s trade war keeps markets on edge. But there’s one…
Business
UBS sticks to US$3 billion share buyback plan despite capital changes, global uncertainty
[LUCERNE, Switzerland] UBS chairman Colm Kelleher on Thursday (Apr 10) reiterated the Swiss bank’s intention to repurchase shares to the…
Business
UBS Wealth, Templeton see Chinese stocks braving tariff blow
Some of the world’s biggest money managers say Chinese stocks have the means to weather the tariff blitz unleashed by US President Donald…
Business
UniCredit, UBS, Nomura lose appeal against EU bond cartel fines
A view of the UBS Group AG logo on the bank's branch in down town Frankfurt. Sebastian Gollnow/dpa Three banking majors, Italy's…
Business
UBS quarterly profit smashes expectations, US$3 billion buyback unveiled
UBS Group, Switzerland’s largest bank, on Tuesday (Feb 4) posted net income of US$770 million for the fourth quarter of 2024, trouncing…
Business
UBS CEO signals job cuts will continue in quest to lower costs - The Business Times
UBS Group chief executive officer Sergio Ermotti said he will keep cutting headcount in the wake of the historic acquisition of Credit…
Business
UBS halts margin loans on some New World Development securities - The Business Times
UBS Group halted accepting some bonds and shares of New World Development as collateral for margin loans, joining other global lenders in…
Business
UBS cuts four loan bankers in Singapore, Hong Kong as deal flow slows
UBS Group cut four loan syndication bankers in Asia, according to people familiar with the matter, as elevated funding costs cast a pall…
Business
UBS posts bigger-than-expected net profit in third quarter
UBS Group on Wednesday (Oct 30) reported a forecast-beating quarterly net profit of US$1.4 billion helped by cost reductions and revenue…