UBS faces new lawsuit by Appaloosa over Credit Suisse $17 bln bond wipeout
A new lawsuit by U.S. hedge fund Appaloosa LP accuses the former Credit Suisse of misleading investors about its health before $17 billion of its bonds were written down to zero in a government-orc...
Steel supplies still facing flat prices suggests UBS
UBS has thrown a bone to metallurgical coal producers, suggesting prices should hold up over the next twelve months as Indian steel production ramps up, China demand recovers and restocking kicks i...
UBS gets backing for capital plan, Ermotti pay from Norway wealth fund
Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) bonds, a form of debt, more appealing to investors by protecting them from a wipeout, and also signed off on ...
UBS Group (UBS) to Cut Jobs for $10 Billion Cost Reduction
UBS Group (UBS) plans to cut jobs in five separate waves, starting June 2024, to save costs. The other waves are set to take place in the months of August, September, October and November.
Small-caps set to gain as interest rate cuts come through, UBS says
Gerry Fowler, UBS's head of European equity strategy, says small-cap stock performance looks set to improve as central bank interest rate cuts play out.
UBS's Swiss Rivals Hope Credit Suisse Hires Will Win Wealthy Clients
Analysts say there could be room for both UBS and its smaller rivals to grow.
Five waves of UBS layoffs to start in June, SonntagsZeitung says
Layoffs under Swiss banking giant UBS's cost-cutting programme announced after its takeover of Credit Suisse will take place in five waves this year starting in June, newspaper SonntagsZeitung repo...
It's important to learn lessons from Credit Suisse crisis, Switzerland's finance minister says
Swiss Finance Minister Karin Keller-Sutter says the country should learn lessons from Credit Suisse's failure and devise new legislation in an effort to prevent it happening again.
Exclusive: UBS shuts some China private funds, will lay off staff, sources say
UBS is shutting down some of its China private funds business and will lay off one-third of the staff as the Swiss bank cuts operating costs in the country, said three sources with direct knowledge...
UBS plans next round of layoffs in Credit Suisse integration, Bloomberg News reports
UBS Group is planning another round of job cuts after its takeover of Credit Suisse that is expected to affect over a hundred positions across the group's global investment bank, Bloomberg News rep...
UBS shares move lower after politicians request strong capital requirements
CNBC's Silvia Amaro reports on the "Too Big To Fail" report from Switzerland, which calls for strong capital requirements from banking giant UBS after the absorption of Credit Suisse.
Swiss government backs tougher rules for banks, causing UBS shares to drop
Switzerland's government on Wednesday put forward plans that would see the country's top banks subject to new rules aimed at preventing a repeat of the crisis that crashed Credit Suisse in March 20...
UBS Group (UBS) to Swap Stake in CS Securities in China
UBS Group (UBS) is seeking to swap its holding in Credit Suisse Securities in order to gain the complete ownership of its joint venture UBS Securities in China.
Up 50% In The Last 12 Months, Where Is UBS Stock Headed?
UBS' stock (NYSE: UBS) has gained 1% YTD, whereas S&P500 has increased 9% over the same period. Further, at the current price of $31 per share, it is trading at par with its fair value – Trefis' es...
UBS weighs Credit Suisse China stake swap with Beijing government, Bloomberg News reports
UBS Group is in discussions to attain full ownership of its China platform by swapping its holding in Credit Suisse's onshore securities venture with a Beijing government investment fund, Bloomberg...
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