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UBS Group AG is sounding out investors for a potential significant risk transfer, according to people familiar with the ...
The current pace of job cuts means UBS is set to miss the internal target of reducing its full-time headcount to 85,000 by the end of 2026, when it is set to complete the integration of its former ...
Activist investor Cevian Capital raised its share stake in bank UBS by 9.9% in the second quarter, according to a regulatory ...
The deal settles Credit Suisse’s outstanding obligations relating to mortgage-backed bonds sold before the 2008 financial ...
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TipRanks on MSNUBS on track to miss target to cut headcount by end of 2026, FT says
UBS (UBS) is set to miss an internal target to cut its headcount by 85,000 by the time it fully integrates Credit Suisse next year, Simon Foy of ...
The Zurich-based lender’s agreement with the U.S. Justice Department will resolve the remaining consumer relief obligations ...
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 ...
UBS’s takeover of Credit Suisse led to a surge in earnings in the second quarter, but third-quarter losses underscore that integrating its rival will be a long process.
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 ...
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 ...
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