In a striking move for the banking sector, UBS has signed a memorandum of understanding with Ant International (a key unit of Ant Group) to explore blockchain-based, tokenised deposit solutions for real-time, multi-currency global payments.
The value of UBS shares turned out to be on a downward trajectory after this lender published its results for the fourth quarter of 2024 and disappointing $3 billion share buyback plans.
UBS chief executive officer Sergio Ermotti said on Monday, December 30, that Switzerland should not set such rules for the country’s banking sector that would put it in a disadvantageous position.
The newly introduced Mastercard Move Commercial Payments solution is designed to streamline operations, enhance liquidity management, lower counterparty risk, and offer comprehensive visibility for banks and their clients.
UBS Group AG has released data on the financial results of its operations in the second quarter of the current year, according to which the profit of this bank for the specified period exceeded preliminary expectations regarding the dynamic of the corresponding indicator.
Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, said during a conversation with media representatives that currently going into the Japanese market in terms of symbolic comparison with other actions is similar to catching a falling knife.
UBS on Tuesday, May 7, announced a return to profit after a period of losses that lasted for two quarters.
A year after the bankruptcy of Credit Suisse, the Swiss government announced the likelihood that UBS would have to find up to $27 billion to absorb potential losses and prevent a banking collapse, which could be a very sensitive event for the country’s financial system.
The media, citing insiders, report that UBS Group AG intends to shut down Credit Suisse accounts with a small value, the number of which currently stands at several thousand.
UBS Group AG has announced its intention to resume share buyback in the current year.
UBS Chairman Colm Kelleher said that next year will be one of the most difficult in the takeover process of Credit Suisse by the mentioned financial institution.
UBS has faced significant losses in the first full quarter since the acquisition of Credit Suisse, a lender that competed with this bank and was on the verge of collapse, was completed.
Sergio Ermotti, Chief Executive Officer of UBS Group AG, said that in this quarter there is a good dynamic of the return of funds that customers withdrew from Credit Suisse before the takeover.
Large-scale and complex financial transactions always require a trusted intermediary. These top Australian investment banks can easily serve as such.
UBS Group AG has outlined the main goals of integration with its former competitor Credit Suisse.
© 2026 PAY SPACE, LLC
03148 Ukraine, Kyiv, 2A P.Kurinoho str.
