News

UBS Group AG is sounding out investors for a potential significant risk transfer, according to people familiar with the ...
Activist investor Cevian Capital raised its share stake in bank UBS by 9.9% in the second quarter, according to a regulatory ...
UBS is on track to miss an internal target to cut its headcount to 85,000 by the time it completes its integration of Credit ...
The deal settles Credit Suisse’s outstanding obligations relating to mortgage-backed bonds sold before the 2008 financial ...
The Zurich-based lender’s agreement with the U.S. Justice Department will resolve the remaining consumer relief obligations ...
The obligations stem from a 2017 agreement related to the bank's legacy residential mortgage-backed securities business.
For 2023 as a whole, UBS reported a profit of $29 billion, which largely reflected an accounting gain booked on the difference between the knockdown price it paid for Credit Suisse and the much ...
That UBS is now left with the bill is a reminder of the risk it took when it agreed, under pressure from the Swiss authorities, to rescue Credit Suisse for $3.2 billion.
UBS made a pre-tax loss of $255 million in the third quarter. Stripping out costs related to the Credit Suisse integration, it recorded an underlying profit before tax of $844 million.
Since UBS bought Credit Suisse in a 3 billion Swiss franc ($3.4 billion) deal completed last month, investors have come to share the optimism of UBS Chairman Colm Kelleher, who has highlighted the ...
UBS Group AG will keep Credit Suisse’s domestic bank and fully integrate it, overriding local criticism that a merged entity will hold excessive sway over the country’s financial system.
Assuming ubs ’s shears are sufficiently sharp, and 70% of Credit Suisse Schweiz’s costs can be chopped, separating the whole business would mean forgoing nearly a third of the deal’s total ...