UBS

News

UBS Returns to Profit

UBS on Tuesday, May 7, announced a return to profit after a period of losses that lasted for two quarters.

Finance & Economics

Switzerland Says About UBS’s Likely Need for Money

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.

News

UBS Reportedly Plans to Shut Thousands of Smaller Credit Suisse Asia Accounts

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.

News

UBS Restarts Buybacks

UBS Group AG has announced its intention to resume share buyback in the current year.

News

UBS Chair Predicts Challenging 2024

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.

News

UBS Reports Loss on Costs of Credit Suisse Takeover

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.

News

UBS CEO Sees Good Momentum in Recovering Credit Suisse Funds

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.

Finance & Economics

UBS Outlines Major Targets for Its Integration of Credit Suisse

UBS Group AG has outlined the main goals of integration with its former competitor Credit Suisse.

News

UBS to Pay Over $1 Billion to Settle Fraud Claims

It became known that the Swiss bank UBS agreed to pay $ 1.4 billion as part of the settlement of claims of involvement in fraudulent activities in the United States, which became a kind of premise of the financial crisis that broke out in 2008.

Finance & Economics

Federal Reserve Fines UBS

The Federal Reserve System last Monday, July 24, announced the application of sanctions in the form of fines against UBS due to the practice of committing misconduct by Credit Suisse in risk management of Archegos Capital Management, an investment fund that declared bankruptcy in 2021.

News

Bank of China Investment Arm Issues Tokenised Notes

The new tokenised notes are the first product of its kind not only in China but also the whole Asia Pacific region constituted under Hong Kong and Swiss laws and tokenised on the main Ethereum blockchain

News

UBS to Complete Credit Suisse Takeover by June 12

UBS expects to finalize its takeover of Credit Suisse as early as June 12, emerging from this rescue deal as a giant Swiss bank with a balance sheet of $1.6 trillion

News

UBS Sees $35 Billion Gain on Credit Suisse

UBS Group AG expects to make a profit of about $34.8 billion following the emergency takeover of Credit Suisse Group AG.

News

UBS to Buy Credit Suisse, While Central Banks Try to Soothe Market Turbulence

UBS Group will buy Credit Suisse Group for 3 billion Swiss francs ($3.23 billion) in a historic deal backed by Swiss authorities, as problems in the global banking sector persist

Federal Reserve System

Who Is and Isn’t Feeling the Unofficial Recession?

“The credit market is clearly telling the equity market: we don’t see a recession, and if we do see one, it will be a mild one,” says head of international fixed income at NatAlliance Securities, as quoted by the Financial Times. And yet, the current inflation is deemed “the hottest” in four decades. The first […]

Finance & Economics

UBS Enables Remote ID Verification with NFC and Biometrics

Swiss customers can now open a bank account using their mobile phones and biometric passports