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Tag: UBS

UBS swings back to profit for first time since Credit Suisse takeover
Business

UBS swings back to profit for first time since Credit Suisse takeover

May 9, 2024May 9, 2024

Swiss banking behemoth UBS on Tuesday reported a 71% enhance in first-quarter web revenue, reaching almost $1.8 billion, far surpassing expectations, after experiencing two consecutive

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UBS plans B in share buybacks as Credit Suisse takeover on track
Business

UBS plans $1B in share buybacks as Credit Suisse takeover on track

February 7, 2024February 7, 2024

Swiss banking large UBS on Tuesday reported a smaller-than-expected quarterly loss stemming from the prices of absorbing fallen rival Credit Suisse and stated it deliberate

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UBS tags S. Korea, India, others as ‘slow’ on Credit Suisse approval
Business

UBS tags S. Korea, India, others as ‘slow’ on Credit Suisse approval

September 19, 2023September 19, 2023

The Swiss banking big UBS has named at the least 4 nations, together with South Korea and India, as being “slow” to offer the regulatory

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UBS to absorb Credit Suisse’s domestic unit, aims for B in cost cuts
Business

UBS to absorb Credit Suisse’s domestic unit, aims for $10B in cost cuts

August 31, 2023August 31, 2023

Banking large UBS Group introduced Thursday it will totally soak up the home unit of its longtime rival Credit Suisse into its operations, with out

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Global wealth predicted to rise 38% over next 5 years: Report
Economy

Global wealth predicted to rise 38% over next 5 years: Report

August 15, 2023August 15, 2023

Global wealth, encompassing private holdings of belongings from actual property to shares and shares, is predicted to rise 38% by 2027, propelled largely by rising

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Swiss lender UBS agrees to pay .4B for US fraud charges
Business

Swiss lender UBS agrees to pay $1.4B for US fraud charges

August 15, 2023August 15, 2023

Switzerland-based lender UBS agreed to $1.435 billion to settle fraud costs relating to the sale of residential mortgage-backed securities (RMBS), the U.S. Justice Department mentioned

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UBS agrees to pay 8 million over Credit Suisse’s Archegos failings
Business

UBS agrees to pay $388 million over Credit Suisse’s Archegos failings

July 24, 2023July 24, 2023

UBS has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse’s dealings with personal funding agency Archegos Capital Management, the

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UBS to complete Credit Suisse takeover by June 12
Business

UBS to complete Credit Suisse takeover by June 12

June 20, 2023June 20, 2023

Switzerland’s UBS expects to take over its longtime rival Credit Suisse as early as subsequent week, finalizing a merger that may create a large financial

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UBS finalizes Credit Suisse takeover to become wealth management behemoth
Business

UBS finalizes Credit Suisse takeover to become wealth management behemoth

June 20, 2023June 20, 2023

UBS mentioned Monday it had efficiently concluded its acquisition of troubled rival Credit Suisse, forming a large banking establishment with a steadiness sheet totaling $1.6

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UBS says it was forced into undesired Credit Suisse rescue merger
Business

UBS says it was forced into undesired Credit Suisse rescue merger

May 18, 2023May 18, 2023

UBS Group has revealed that it was compelled to have interaction in an undesirable shopping for of its cross-town rival Credit Suisse Group amid a

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