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UBS Group AG (UBS)

28.12

+0.01

(+0.04%)

At close: April 18 at 4:00 PM EDT

28.09

-0.03

(-0.11%)

Pre-Market: 6:20 AM EDT

UBS plans fresh cuts amid Credit Suisse integration: report

The Swiss banking giant plans to trim headcount in banking, markets and wealth management, Bloomberg reported. The lender has said it aims to save around $6 billion in staff costs in the coming years.

Banking Dive 22 hours ago

UBS
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UBS plans next round of layoffs in Credit Suisse integration, Bloomberg News reports

The layoffs are scheduled to take place in the upcoming weeks, the report said, citing people with knowledge of the matter, adding that the job cuts are expected in the wealth management and markets units. UBS' takeover of Credit Suisse, the biggest bank merger since the 2008 global financial crisis, was hastily arranged by Swiss authorities in March 2023 to avert Credit Suisse's collapse.

Reuters yesterday

UBS
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UBS, Nomura Battle to Win Rates Sales to Europe’s Ultra Rich

(Bloomberg) -- UBS Group AG and Nomura Holdings Inc. are making a push to sell sophisticated fixed-income products to the ultra wealthy in Europe, competing against firms such as BNP Paribas SA.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?Tesla Asks Investors to Approve Musk’s $56 Billion Pay AgainPowell Signals Rate-Cut Delay After Run

Bloomberg 2 days ago

NMR

UBS
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BNPQY
UBS Is Said to Face $20 Billion Capital Hit Under Swiss Plan

(Bloomberg) -- UBS Group AG faces an increase in regulatory capital requirements that could reach around $20 billion under reforms proposed in the wake of the collapse of Credit Suisse.Most Read from BloombergBeyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROIChina Tells Iran Cooperation Will Last After Attack on IsraelUS Two-Year Yield Eyes 5% Before Powell’s Remarks: Markets WrapIMF Steps Up Its Warning to US Over Spending and Ballooning DebtIran’s Conflict With Isr

Bloomberg 3 days ago

UBS
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UBS added capital needs of $15-25 billion are realistic, Swiss minister says

Estimates that Swiss bank UBS will require another $15 billion to $25 billion in capital under government proposals aimed at making the banking sector more robust are about right, Switzerland's finance minister was quoted as saying on Tuesday. "That's right, those orders of magnitude are plausible," Swiss Finance Minister Karin Keller-Sutter told the Tages-Anzeiger newspaper. Keller-Sutter was speaking after the Swiss government last week set out proposals to tighten regulation for banks deemed "too big to fail", particularly UBS, which said the lender would face more stringent capital requirements in future.

Reuters 3 days ago

UBS
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13 UBS advisors in the Philadelphia D.C. Wealth Management Market named to the Barron’s Top 1200 Financial Advisors list

PHILADELPHIA, April 15, 2024--UBS today announced that 13 advisors in the firm’s Philadelphia D.C. wealth management market have been named to the Barron’s Top 1200 Financial Advisors list for 2024.

Business Wire 3 days ago

UBS
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Finance minister: Capital requirements will slow UBS growth

The Swiss government's proposed tougher capital requirements for the banking industry will impact UBS's ability to grow, the country's finance minister said in an interview published on Saturday. Switzerland's largest bank will have to hold more capital if the regulatory package, announced on Wednesday to prevent a repeat of the collapse of Credit Suisse, is implemented, Karin Keller-Sutter told Aargauer Zeitung.

Reuters 6 days ago

UBS
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UBS Private Wealth Management hires Regina Bronson and Alex Gitomer in New York City

NEW YORK, April 12, 2024--UBS Private Wealth Management today announced that Regina Bronson and Alex Gitomer will be joining the firm as Managing Directors and Private Wealth Advisors in New York City. Regina and Alex will also be joined by Senior Wealth Strategy Associates Christina Brown and Hilary Stock.

Business Wire 6 days ago

UBS
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UBS Navigates Complex Regulatory Terrain in Bid for Full Control of China Platform (Updated)

Editor’s Note: The story has been updated to correct Citadel CEO name UBS Group AG (NYSE:UBS) is reportedly in discussions to attain full ownership of its China platform through a strategic swap involving its stake in Credit Suisse’s onshore securities venture. The Zurich-based lender is reportedly eyeing the 33% stake held by Beijing State-Owned Assets Management Co. in their joint venture UBS Securities Co., in exchange for selling part or all of its 51% stake in Credit Suisse Securities (Chin

Benzinga 6 days ago

UBS
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UBS could need $10 billion-$15 billion in extra capital to meet new Swiss rules, analyst says

UBS might need to retain $10 billion to $15 billion in excess capital after Switzerland's government this week laid out plans for tougher capital requirements for the enlarged lender, Autonomous Research estimated on Thursday. In its base case, UBS would need 200 to 300 basis points more in common equity tier 1 ratio (CET1 ratio), a measure of a bank's resilience, which "would require the retention of around $10-15 billion incremental CET1 capital in coming years," banks analyst Stefan Stalmann wrote in a note to clients. In a worse case "headwind", UBS would face up to 700 basis points more for its CET1 ratio, Stalmann said, although he cautioned that his estimates were based in part on guesswork because the Swiss government had not quantified the extra capital it believed the enlarged UBS would need to hold.

Reuters 7 days ago

UBS
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UBS Private Wealth Advisor Jason Stephens named to Barron's Top 1200 Financial Advisors list

UBS Private Wealth Management announced today that Jason E. Stephens, CFP®, Private Wealth Advisor and Managing Director, The Stephens Group, in Naples, Florida, has been named to the Barron's Top 1200 Financial Advisors list for 2024. Jason ranks No. 25 in the state of Florida.

PR Newswire 7 days ago

UBS
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UBS could face stricter capital requirements

The Swiss government outlined a 209-page report Wednesday proposing stricter capital requirements for UBS, which has a balance sheet of $1.7 trillion and floated the idea of additional powers for Finma.

Banking Dive 7 days ago

UBS
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UPDATE 1-Global watchdog welcomes reform proposals for Swiss banking

Swiss proposals to better regulate its banking system and make it safer were welcomed by the Financial Stability Board on Thursday, which said changes were particularly important in view of the size of the enlarged lender UBS. "We welcome the Swiss government's steps to further strengthen their Too Big to Fail framework in light of last year's turmoil," said FSB Secretary General John Schindler. "Several of the proposals echo recommendations of our recent peer review, and if adopted would make the framework stronger," he added.

Reuters 7 days ago

UBS
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Swiss National Bank responds to gov't proposals to regulate UBS, other banks

The Swiss National Bank on Thursday said it noted the government's proposals to better supervise UBS and other big banks in the wake of last year's Credit Suisse crisis. "The SNB takes note of the TBTF report and welcomes the regular review of TBTF regulation," the central bank said in relation to the Swiss government's review of Too Big to Fail (TBTF) rules for the financial sector.

Reuters 7 days ago

UBS
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Analysis-Swiss banking plan leaves 'relieved' UBS out of immediate firing line

UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the "monster bank" in line that were light on detail and heralded a tortuous political process to enshrine them in law. Shares in the Zurich-based lender took a knock on Wednesday after the finance ministry said its "too big to fail" recommendations envisaged tougher capital requirements for UBS and other systemically important banks following the rescue of its stricken rival Credit Suisse in 2023. "The measures proposed by the Federal Council are not enough to finally regulate the banking sector effectively," said Cedric Wermuth, co-leader of the centre-left Social Democrats (SP), the second-biggest party in the Swiss parliament.

Reuters 8 days ago

UBS
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UBS Faces Substantially Higher Capital Rules Under Swiss Proposals

(Bloomberg) -- UBS Group AG faces a “substantial” increase in regulatory capital requirements under reforms that the Swiss government is advocating for in the wake of the collapse of Credit Suisse.Most Read from BloombergUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Sees Missile Strike on Israel By Iran, Proxies as ImminentUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesS&P 500 Hit by Fed-Pivot Rethink and War

Bloomberg 8 days ago

UBS
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Swiss minister criticises big bank bonuses as UBS set for stricter rules

Switzerland's finance minister took aim at bonus excesses and inflated salaries at banks on Wednesday as she unveiled 22 proposals designed to strengthen the Swiss financial sector after the implosion of Credit Suisse last year. Karin Keller-Sutter said she would have to work for 30 years to earn the equivalent of UBS Chief Executive Sergio Ermotti, who became Europe's highest paid banker last year with a package worth 14.4 million Swiss francs ($15.83 million). "I cannot comprehend certain sums," said Keller-Sutter, who earns 473,000 Swiss francs a year as a member of the Swiss cabinet, according to the government.

Reuters 8 days ago

UBS
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UBS faces tougher rules in Swiss response to Credit Suisse rescue

BERN (Reuters) -Switzerland's UBS and three other systemically relevant banks must face tougher capital requirements, the Swiss government said on Wednesday, in an effort to shield the country from a repeat of the collapse of Credit Suisse. The Swiss government pitched 22 measures for direct implementation in 209 pages of recommendations on how to police banks deemed "too big to fail" (TBTF). It stopped short of saying how far stricter capital requirements should go.

Reuters 8 days ago

UBS
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UBS to face tougher rules in Swiss response to Credit Suisse rescue

Switzerland's government said on Wednesday that UBS and three other systemically relevant banks must face tougher capital requirements to shield the country's wider economy, a year after the rescue of Credit Suisse. In 209 pages of recommendations on how to police banks deemed "too big to fail" (TBTF), the Swiss government pitched 22 measures for direct implementation. It stopped short of saying how far stricter capital requirements should go.

Reuters 8 days ago

UBS
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UBS Group (UBS) to Swap Stake in CS Securities in China

UBS Group (UBS) is seeking to swap its holding in Credit Suisse Securities in order to gain the complete ownership of its joint venture UBS Securities in China.

Zacks 9 days ago

UBS
+0.04%
HSBC
+1.03%

Performance Overview

Return	UBS	MSCI WORLD
YTD	-9.00%	+3.28%
1-Year	+33.84%	+15.42%
3-Year	+84.14%	0.00%

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UBS Group AG (UBS)

UBS plans fresh cuts amid Credit Suisse integration: report

UBS plans next round of layoffs in Credit Suisse integration, Bloomberg News reports

UBS, Nomura Battle to Win Rates Sales to Europe’s Ultra Rich

UBS Is Said to Face $20 Billion Capital Hit Under Swiss Plan

UBS added capital needs of $15-25 billion are realistic, Swiss minister says

13 UBS advisors in the Philadelphia D.C. Wealth Management Market named to the Barron’s Top 1200 Financial Advisors list

Finance minister: Capital requirements will slow UBS growth

UBS Private Wealth Management hires Regina Bronson and Alex Gitomer in New York City

UBS Navigates Complex Regulatory Terrain in Bid for Full Control of China Platform (Updated)

UBS could need $10 billion-$15 billion in extra capital to meet new Swiss rules, analyst says

UBS Private Wealth Advisor Jason Stephens named to Barron's Top 1200 Financial Advisors list

UBS could face stricter capital requirements

UPDATE 1-Global watchdog welcomes reform proposals for Swiss banking

Swiss National Bank responds to gov't proposals to regulate UBS, other banks

Analysis-Swiss banking plan leaves 'relieved' UBS out of immediate firing line

UBS Faces Substantially Higher Capital Rules Under Swiss Proposals

Swiss minister criticises big bank bonuses as UBS set for stricter rules

UBS faces tougher rules in Swiss response to Credit Suisse rescue

UBS to face tougher rules in Swiss response to Credit Suisse rescue

UBS Group (UBS) to Swap Stake in CS Securities in China

Performance Overview