PARIS (Reuters) – European Union antitrust authorities will decide on UBS’ planned takeover of fellow Swiss bank Credit Suisse by June 7, the European Commission said in a statement. The …
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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 Swiss bank said in notes …
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(Reuters) – Eurozone is headed toward “stagflation” as efforts to stamp out a surge in inflation will bring growth to a near halt in the second half of the year, …
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ZURICH – UBS’ head of strategy Christian Zeinler plans to leave the bank to pursue entrepreneurship outside of banking, Chief Executive Ralph Hamers told employees on Tuesday in a memo …
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MILAN – Swiss bank UBS is working to offer digital services that allow customers to buy real assets, but would advise them to stay away from crypto assets based purely …
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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 costs across the euro area …
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ZURICH – Clients are tending to keep to the sidelines amid market volatility, UBS Chief Executive Ralph Hamers told broadcaster CNBC in an interview on Monday. “You see that clients …
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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 company to drive down the …
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Miami, Florida – German Nino, a former UBS Financial Advisor, has pled guilty in federal court in Miami to defrauding over $5 million from a family who maintained several accounts …
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By Xie Yu HONG KONG – UBS Group AG has appointed a new manager to oversee a $2 billion Asian high yield fund, the Swiss bank said in a statement, …
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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 and climate campaigners as not …
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By Iain Withers and Carolyn Cohn LONDON – Major British financial companies collectively narrowed their gender pay gaps last year, but some went into reverse gear, including UBS and Deutsche …
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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 Swiss bank said on Wednesday. …
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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 venture in China faces uncertainty …
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MILAN – The wealth management arm of Swiss bank UBS has downgraded euro zone equities to neutral citing the potential for negative economic and earnings growth revisions amid growing uncertainty …
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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 of 2021, the bank said …
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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, as it leads to expansion …
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Miami, Florida – Today, German Nino, a former UBS Financial Advisor, made his initial appearance in federal court in Miami to face charges of defrauding over $5 million from a …
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By Michael Shields ZURICH -UBS has filed an appeal with France’s Supreme Court against last week’s decision by a Paris court that upheld the Swiss bank’s conviction for money laundering, …
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LONDON – UBS Asset Management has excluded Exxon Mobil and four other “unresponsive” energy companies from its climate aware range of funds, including one managed for UK pension scheme NEST, …
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By Selena Li HONG KONG – UBS Group AG is in talks with China Life Insurance Group to launch an asset management joint venture in China, two sources said, as …
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ZURICH – Swiss bank Vontobel said on Thursday it signed an agreement to purchase UBS Swiss Financial Advisers AG (SFA), a Zurich-based subsidiary of UBS AG, to boost its wealth …
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ZURICH – UBS will retain a significant onshore presence in India, the Swiss bank said on Wednesday after Bloomberg reported that it planned to move investment banking advisory services out …
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– A wealth management arm of Switzerland’s UBS Group confirmed on Tuesday it will discontinue research coverage of the U.S. dollar-Turkish lira currency pair in an effort to streamline its …
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HONG KONG – UBS Group AG has offered its Hong Kong staff up to HK$2000 ($256.45) a day to help cover mandatory hotel quarantine costs as the city maintains some …