EU antitrust ruling on UBS’ Credit Suisse takeover due by June 7
PARIS (Reuters) – European Union antitrust authorities will decide on UBS’ planned takeover of fellow Swiss bank Credit Suisse by June 7, the European Commission …
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U.S. watchdogs scrutinise UBS over staff messaging
ZURICH – U.S. regulators are looking into whether UBS Group properly documented communications among staff as part of a wider probe of the sector, the …
Europe stares at ‘stagflation’, says UBS
(Reuters) – Eurozone is headed toward “stagflation” as efforts to stamp out a surge in inflation will bring growth to a near halt in the …
UBS head of strategy to depart bank for entrepreneurship
ZURICH – UBS’ head of strategy Christian Zeinler plans to leave the bank to pursue entrepreneurship outside of banking, Chief Executive Ralph Hamers told employees …
UBS has no role to play in algorithm-only crypto world-CEO
MILAN – Swiss bank UBS is working to offer digital services that allow customers to buy real assets, but would advise them to stay away …
ECB bond reinvestments no ‘panacea’ for southern European debt, UBS warns
By Yoruk Bahceli (Reuters) – Gearing reinvestments of pandemic-era bond purchases back into stressed markets may not be enough to prevent unmanageable divergences in borrowing …
UBS CEO says clients on sidelines amid market volatility
ZURICH – Clients are tending to keep to the sidelines amid market volatility, UBS Chief Executive Ralph Hamers told broadcaster CNBC in an interview on …
Swiss Re, UBS among founding buyers in carbon removal scheme
By Susanna Twidale LONDON – Insurance firm Swiss Re and banking giant UBS are among five founding buyers of credits from a scheme set up by a Swiss …
Former UBS Financial Advisor Pleads Guilty to Defrauding over $5 Million Dollars from His UBS Clients
Miami, Florida – German Nino, a former UBS Financial Advisor, has pled guilty in federal court in Miami to defrauding over $5 million from a …
UBS names new manager for embattled Asia fund
By Xie Yu HONG KONG – UBS Group AG has appointed a new manager to oversee a $2 billion Asian high yield fund, the Swiss …
UBS shareholders back bank’s climate roadmap
By Brenna Hughes Neghaiwi ZURICH – UBS shareholders on Wednesday approved the bank’s climate roadmap, after its first-ever such vote faced pushback from several investors …
Analysis – Most banks narrow UK gender pay gaps, UBS, Deutsche Bank go into reverse
By Iain Withers and Carolyn Cohn LONDON – Major British financial companies collectively narrowed their gender pay gaps last year, but some went into reverse …
UBS announces result of 2021 share buyback
ZURICH – UBS spent 3.81 billion Swiss francs ($4.10 billion) repurchasing its shares equivalent to 6.49% of its share capital in its 2021 buyback, the …
UBS, China Life asset management venture plan in limbo as talks stall – sources
By Samuel Shen and Selena Li SHANGHAI/HONG KONG – A plan by UBS and China Life Insurance Group to set up an asset management joint …
UBS downgrades eurozone stocks on earnings risk
MILAN – The wealth management arm of Swiss bank UBS has downgraded euro zone equities to neutral citing the potential for negative economic and earnings …
UBS has limited Russia exposure, but sees risks of unexpected increases
ZURICH – UBS’s direct exposure to Russia made up $634 million of the Swiss bank’s total emerging market exposure of $20.9 billion at the end …
China’s ‘common prosperity’ drive positive for wealth management industry – UBS
By Selena Li HONG KONG – China’s drive for “common prosperity” to ease inequality could be a positive catalyst for the local wealth management industry, …
Former UBS Financial Advisor Charged with Defrauding over $5 Million Dollars from His UBS Clients
Miami, Florida – Today, German Nino, a former UBS Financial Advisor, made his initial appearance in federal court in Miami to face charges of defrauding …