UBS veteran boss Ermotti may have pulled off the deal of the …
May 7, 2024 · After an intense weekend of negotiations in March 2023, UBS agreed to buy its embattled rival Credit Suisse. But not everyone was convinced it was a good idea.
Swiss finish would take shine off UBS’s M&A gift | Reuters
1 day ago · A person looks on as people walk by the logo of Swiss bank UBS, seen at the bank's branch in Shanghai, China, March 20, 2023. REUTERS/Aly Song Purchase Licensing Rights, opens new tab
UBS shakes up executive board with eye on CEO succession
May 30, 2024 · UBS has shaken up its executive board and split responsibility for its all-important wealth management business between two of the managers most likely to succeed chief executive Sergio Ermotti.
News releases | UBS Global
UBS publishes updated time series with restated segment financial information reflecting previously announced changes with no impact on Group results; UBS Group AG announces launch of new share repurchase program of up to USD 2bn; UBS publishes agenda for its Annual General Meeting on 24 April 2024
UBS completes Credit Suisse takeover. Here’s what it means
Jun 12, 2023 · UBS agreed on March 19 to buy Credit Suisse for the bargain price of 3 billion Swiss francs ($3.25 billion) in a rescue orchestrated by Swiss authorities to avert a banking sector meltdown.
UBS Must Revise Post-Takeover Emergency Plans, Finma Says
Oct 15, 2024 · (Bloomberg) -- UBS Group AG must revise its plans for emergency recovery and resolution to take account of the integration of Credit Suisse, Swiss financial supervisor Finma said.Most Read from ...
UBS set for biggest banking profit once Credit Suisse deal closes
Apr 25, 2023 · UBS is set to record the biggest ever banking profit next quarter after it completes the takeover of Credit Suisse, owing to the rock-bottom price it negotiated to rescue its ailing rival.
UBS profit beats forecasts as investment bank shines, shares rise
Aug 14, 2024 · Swiss bank UBS on Wednesday posted a quarterly profit that was double the market forecast, buoyed by investment banking and larger-than-expected savings from the integration of its one-time rival...
UBS beats expectations with $1.1bn net profit in second quarter
Aug 14, 2024 · It has tempered a rally in UBS shares but they were up 3 per cent by lunchtime on Wednesday and remain almost 50 per cent higher than when the Credit Suisse deal was agreed in March 2023.
UBS announces new operating model and leadership team
May 9, 2023 · UBS anticipates that the legal close will take place in the next few weeks. At this time, Credit Suisse Group AG (CS) will be merged into UBS Group AG (UBS) and the combined entity will operate as a consolidated banking group.