UBS posts higher profit, signals US$3 billion buyback with upside
Group posted a profit which beat expectations in the fourth quarter, as the bank announced a US$3 billion buyback programme for 2026 with the potential for more. The Swiss…
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UBS
UBS CEO Ermotti underlines his desire for internal successor
The bank is currently putting together the right candidates for the new leadership, he says UBS CEO Sergio Ermotti hopes his successor will be a candidate from within the bank, he told…
UBS CEO Sergio Ermotti plans to step down in April 2027, FT reports
UBS Group CEO Sergio Ermotti is planning to step down in April 2027, the Financial Times reported on Tuesday. Aleksandar Ivanovic, UBS’s asset management chief, has emerged as one of the…
UBS CEO Sergio Ermotti plans to step down in April 2027 after completing Credit Suisse project: FT
The report comes at a time when UBS is trying to fight the Swiss government’s proposals to strengthen banking rules UBS CEO Sergio Ermotti, who oversaw the Swiss bank’s emergency takeover…
Goldman, JPMorgan and UBS lead Golden Goose’s buyout debt
Temasek Holdings will take a minority stake in the Italian high-end sneaker producer Goldman Sachs, Group JPMorgan Chase and UBS Group are leading a debt financing deal backing a Chinese…
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model UBS on Monday (Jan 12) rejected government proposals to strengthen…
CK Hutchison is said to pick Goldman Sachs, UBS for Hong Kong-London IPO of Watson Group
CK Hutchison Holdings has picked Goldman Sachs and UBS Group to work on the planned initial public offering (IPO) of global health and beauty retailer AS Watson Group, sources familiar…
HSBC veteran James Cheo to join UBS in senior Apac role
Cheo will be based in Singapore and report directly to Tan Min Lan, head of CIO Apac Banking veteran James Cheo will join UBS from HSBC in March as part of the Swiss lender’s chief…
UBS plans January job cuts to kick off final year of integration
UBS Group is set to begin its latest wave of job cuts in mid-January, according to people familiar with the matter. That step will be followed by another round later in 2026 as UBS intends…
UBS may cut further 10,000 jobs by 2027: report
The bank has been cutting jobs as a result of the integration of former rival Credit Suisse UBS may cut an additional 10,000 jobs by 2027, Swiss paper SonntagsBlick reported on Sunday (Dec…
UBS appoints Kwa Chong Seng as chairman for Singapore, South-east Asia
UBS has appointed corporate heavyweight Kwa Chong Seng as chairman for Singapore and South-east Asia, beginning from Dec 1. In this newly created role, Kwa will report directly to Iqbal…
UBS joins list of star tenants in GIC-backed Mumbai tower: sources
The bank will move staff to the Altimus, a building jointly owned by GIC and India’s K Raheja UBS Group is taking up new office space in a Mumbai skyscraper backed by GIC early next year,…
UBS sells US$3.25 billion in first deal since AT1 ruling
UBS Group sold its first bonds since a court decision raised questions about the Swiss lender’s possible exposure to previously cancelled Credit Suisse debt. The bank priced US$3.25…
UBS Q3 profit beats expectations as investment banking rebounds, legal costs ease
UBS Group profit beat expectations in the third quarter as investment banking revenue and lower-than-forecast legal costs boosted performance. The Zurich-based bank said net income was…
Swiss National Bank likely intervening to weaken franc: UBS
The Swiss National Bank (SNB) is probably stepping into the market to weaken the franc, according to economists at UBS Group. “Current market conditions indicate an elevated risk of SNB…
UBS reshuffles leadership as Credit Suisse integration nears end
Lender is in the middle of a battle with the Swiss government over how much capital it needs to set aside to prevent a similar crisis UBS Group AG reshuffled its leadership as the…
UBS tightens scrutiny of client funds mainly in Singapore and Hong Kong amid regulatory pressure: sources
The Zurich-based lender is using Deloitte and KPMG to help screen client documentation UBS Group is increasing scrutiny of the sources of client money in its fast-growing Asian wealth…
UBS launches pilot for new AI tool aimed at boosting productivity of advisers
Minister Josephine Teo says this development aligns with Singapore’s push to be a leading financial hub in the region UBS, on Monday (Oct 6), launched its Singapore pilot for a new…
UBS boosts payouts for US wealth advisers amid intense hiring battle
The move comes after UBS lost several high-profile US wealth adviser teams to rivals or independence UBS Group is raising the payouts earned by its wealth advisers in the US, with the aim…
UBS pays US$300 million to settle Credit Suisse mortgage case
Group said it reached an agreement with the US Department of Justice to resolve a legacy Credit Suisse matter related to the former bank’s role in selling residential…
UBS beats expectations with US$2.4 billion second-quarter profit
The firm expects trading and transactional activity to become more normalised in the quarter ahead said on Wednesday (Jul 30) that second-quarter profit more than doubled from…
UBS second-quarter profit doubles to $2.4 billion, beats estimates
UBS’ second-quarter profit more than doubled from a year earlier, comfortably ahead of expectations, as it joined other major banks in making the most of a surge in trading activity amid…
UBS loses EU fight over Credit Suisse’s role in ‘Sterling Lads’, but fine cut sharply
The tribunal cut the amount of the fine from 83.2 million euros to 28.9 million euros Group lost the crux of its case against European Union regulators over Credit Suisse…
Credit Suisse, UOB, UBS, Citi among 9 financial institutions penalised S$27 million for roles in S$3b money laundering case
Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering related breaches, said the Monetary Authority of Singapore (MAS). The…