Petershill Partners 'trading at a 40-50% discount' ahead of results, reckons UBS
Shares in Petershill Partners PLC (LSE:PHLL), the closed-ended private equity fund run by Goldman Sachs, are trading at a 40-50% discount to the valuation the company would warrant as an "actual pr...
UBS made a $29 billion quarterly profit after rescuing Credit Suisse
UBS completed one of the largest bank mergers in March when it rescued failed rival Credit Suisse. The bank posted a record $29 billion second quarter profit due to an accounting gain from the deal.
UBS to slash 3K jobs despite posting $29B profit since Credit Suisse takeover
UBS chief executive Sergio Ermotti addressed one of the major outstanding questions: how many of Credit Suisse's tens of thousands of employees would be retained.
UBS Blows Past Profit Expectations After Buying Credit Suisse
UBS (UBS) shares jumped more than 5% in early trading Thursday after the Swiss banking giant posted second-quarter earnings that blew past analysts' expectations after its acquisition of ailing riv...
A 'historic' result but still a 'construction site': Analysts react to blowout UBS earnings
UBS shares rallied to 15-year highs on the back of what analysts branded a "historic" earnings report, though Deutsche Bank said the lender may remain a "construction site" for some time.
UBS to axe 3,000 Swiss jobs as part of US$10 billion cost-cutting drive
UBS Group AG (NYSE:UBS) plans to cut 3,000 jobs in Switzerland as part of a US$10 billion cost-cutting drive as it continues to bed in rival Credit Suisse. It would be next to impossible to extract...
No more 'bodies in the cupboard' for UBS after Credit Suisse acquisition: Lakefield Partners
Bruno Verstraete, partner at Lakefield Partners, discusses the positive market reaction to UBS' massive second-quarter profit and announcement that it will fully absorb Credit Suisse's Swiss bankin...
Proxy adviser Ethos: UBS should have spun off CS' Swiss business
UBS should have spun off Credit Suisse's Swiss business, proxy adviser Ethos said on Thursday, after Switzerland's No. 1 bank annnounced plans to fully integrate its former rival's home market busi...
Here's where UBS's profit of $29 billion ranks
Granted, it was more an accounting quirk rather than hard money entering its coffers, but UBS's $28.88 billion profit in the second quarter was one for the record books.
UBS reports $29 billion profit as it rules out domestic bank spinoff
UBS on Thursday reported a huge profit bump in the second quarter from acquiring Credit Suisse, as the Swiss banking giant decided to integrate the local banking operation it had previously conside...
UBS to Cut 3,000 Jobs in Credit Suisse Integration
UBS Chief Executive Officer Sergio Ermotti says, “we will have around 3,000 jobs that will be made redundant over the next years,” as he discusses job cuts that will stem from the integration of Cr...
UBS CEO Sergio Ermotti discusses first earnings report since Credit Suisse acquisition
UBS CEO Sergio Ermotti speaks to CNBC following the bank's first earnings report since its acquisition of stricken rival Credit Suisse was completed in June. UBS posted a $29 billion net profit as ...
Shares in Swiss bank UBS hit highest since late 2008
Shares in UBS hit their highest level since October 2008 on Thursday, extending a strong run that has put the Swiss bank well ahead of its European rivals following the takeover in March of its str...
UBS sees around 3,000 redundancies integrating Credit Suisse in Switzerland - CEO
UBS expects around 1,000 jobs to go from integrating Credit Suisse's Swiss business, Credit Suisse (Schweiz), and an additional 2,000 redundancies in Switzerland over the next couple years, Chief E...
UBS targets cost cuts of $10 billion as it absorbs Credit Suisse
UBS said Thursday that it expected to generate $10 billion in savings from a sweeping overhaul of the new global banking giant created by its emergency rescue of stricken rival Credit Suisse earlie...
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