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Nine financial institutions (FIs) in Singapore have been penalised a total of S$27.5 million for anti-money laundering (AML) related breaches, said the Monetary Authority of Singapore…
Investors should consider allocating part of their portfolios to transformational innovation as a way to diversify risks in an increasingly volatile world, said Ulrike Hoffmann-Burchardi,…
Group is launching a programme to repurchase as much as US$2 billion worth of its own shares, it said in a release on Monday (Jun 30). The buyback is expected to kick off on…
Group strategists downgraded Thai stocks to neutral from overweight, citing recent political uncertainty which could impact policy direction and investor sentiment. Inflows…
The Swiss government on Friday (Jun 6) proposed stricter rules for UBS following its takeover of Credit Suisse, which could make it hold US$26 billion more in core capital, confirming some…
The deal includes “O’Connor’s six investment strategies” with about US$11 billion in assets under management Group’s asset management division has signed an agreement to sell…
Global Wealth Management on Thursday raised its year-end target for the S&P 500 to 6,000 from 5,800 and initiated a June 2026 target of 6,400. The research group also raised…
Family offices (FOs) in the Asia-Pacific favoured equities and bonds from developed markets in 2024 and plan to increase their strategic allocations into these asset classes in 2025, a…
Abu Dhabi has emerged as a magnet for the world’s wealthiest people over the past few years Group is opening a new office in Abu Dhabi as the European banking giant seeks to…
S bank UBS on Wednesday posted better than expected first-quarter net profit, helped by stronger earnings in trading driven by market turbulence in the wake of US tariff…
UBS on Wednesday (Apr 30) posted better-than-expected first-quarter net profit, but the Swiss bank warned of an uncertain outlook as US tariffs raise global growth fears even as the market…
UBS said on Tuesday (Apr 22) that it would sell its Indian wealth business to 360 ONE WAM and take a stake of nearly 5 per cent, worth some US$220 million, in the Mumbai-based asset…
SOUTH Korea’s financial regulator is imposing fines on JPMorgan Chase, Morgan Stanley, UBS Group and Nomura Holdings for allegedly violating the country’s rules on short-selling stocks,…
UBS Group, Switzerland’s largest bank, on Tuesday (Feb 4) posted net income of US$770 million for the fourth quarter of 2024, trouncing forecasts. The net profit attributable to…
UBS Group chief executive officer Sergio Ermotti said he will keep cutting headcount in the wake of the historic acquisition of Credit Suisse. The Swiss lender seeks to shed another US$5.5…
UBS Group cut four loan syndication bankers in Asia, according to people familiar with the matter, as elevated funding costs cast a pall over the market. The individuals, who joined as…
UBS Group on Wednesday (Oct 30) reported a forecast-beating quarterly net profit of US$1.4 billion helped by cost reductions and revenue growth as the bank carried out its first wave of…
UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank’s 50 per cent stake in credit card provider Swisscard. UBS will sell its 50…
UBS must improve its emergency plans following its takeover of Credit Suisse to ensure the bank can be wound down or sold without risking financial stability and taxpayer cash, Swiss…
This may be the second country in the Asia-Pacific region where UBS enters an equity partnership with a local player UBS has been in talks to form an Indian wealth management joint venture…
UBS Group is reiterating its commitment to the Asia-Pacific region and particularly to China, as the bank still sees it as a key driver for growth, according to chief executive officer…
