ZURICH (Reuters) – UBS Group (UBSG.S) intends to pay its 2019 dividend, the Swiss bank said on Monday, despite guidance from markets supervisor FINMA, the Swiss government and international banking groups to limit payouts as the coronavirus outbreak hits the g... More »
SINGAPORE (Reuters) – The United States’ economic outperformance will wane, the dollar will probably weaken and growth next year can be expected from emerging markets, UBS Asset Management said on Monday, the latest money manager to turn bullish on the sector.... More »
ZURICH (Reuters) – UBS’s (UBSG.S) Sergio Ermotti wants to remain as chief executive of Switzerland’s biggest bank until 2021, Swiss website Finews reported on Monday, citing unnamed sources. There has been speculation about the 59-year-old’s departure date aft... More »
HONG KONG (Reuters) – Swiss bank UBS (UBSG.S) was fined HK$400 million ($51.09 million) by Hong Kong’s securities regulator for overcharging up to 5,000 clients for nearly a decade, the watchdog said on Monday. The Hong Kong Securities and Futures Commission (... More »
HONG KONG (Reuters) – UBS (UBSG.S) will cut up to 30 jobs in the major centres of Hong Kong, Singapore, Sydney and Tokyo after combining its global markets and banking businesses, a person with knowledge of the matter said. The job cuts at the Swiss bank start... More »
LONDON (Reuters) – UBS Wealth Management said on Friday it still expects the UK government to ask for an extension to the deadline for exiting the European Union and to hold a general election, though it acknowledged that chances of a Brexit deal have increase... More »
ZURICH (Reuters) – Switzerland’s biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader shake-up of its executive board. The appointment of Khan alongside two inte... More »
ZURICH (Reuters) – UBS has least three candidates from inside the biggest Swiss bank who could eventually step into the CEO role, Chief Executive Sergio Ermotti said in a newspaper interview on Thursday on the heels of a big management reshuffle. “We have at l... More »
ZURICH (Reuters) – Swiss bank UBS will appoint former Credit Suisse banker Iqbal Khan as head of its wealth management business, Swiss newspaper TagesAnzeiger reported on Wednesday, citing unnamed UBS sources. Khan will join the executive board “shortly” the n... More »
LAUSANNE, Switzerland (Reuters) – Switzerland’s supreme court on Friday voted in favor of handing over historical data on over 40,000 UBS clients to French authorities in a landmark ruling. Three of the five judges voted in favor of overthrowing the lower cour... More »
ZURICH (Reuters) – UBS Group (UBSG.S) has created a private capital markets team to help wealth management clients invest in the burgeoning sector, the Swiss bank said on Wednesday. The new team will focus on transactions and investments including last-stage f... More »
ZURICH/TOKYO (Reuters) – UBS signed a joint venture deal with Sumitomo Mitsui Trust on Friday, aiming to crack a Japanese wealth management market where it has struggled to grow over the last 15 years. The deal, signed by the banks’ CEOs in Zurich, will create... More »
ZURICH (Reuters) – Investment banking conditions have improved over recent months but remains “very fragile,” UBS Chief Executive Sergio Ermotti said on Thursday, adding the Swiss lender’s own business was performing in line with the industry. “In March we sta... More »
ZURICH (Reuters) – A New York appeals court has dismissed a U.S. whistleblower’s $20 million libel suit against Swiss bank UBS, his former employer, concluding that statements the Zurich-based bank made about him were at least “substantially true”. Court docum... More »
(Reuters) – UBS Global Wealth Management has closed its overweight position in U.S. equities and shifted to an overweight in emerging market and Japanese stocks, it said on Thursday. UBS Global Wealth Management chief investment officer Mark Haefele said also ... More »
(Refiles April 19 story to clarify description of northern European markets with looser cross-border regulations) By Brenna Hughes Neghaiwi and Angelika Gruber ZURICH (Reuters) – UBS will centralize its European cross-border wealth management business and run ... More »
UBS has told staff that it is "business as normal", after the Swiss bank revealed on Friday it is fighting an 18-month suspension in Hong Kong from leading initial public offerings (IPOs). More »
The logo of Swiss bank UBS is seen at a branch office in Zurich, Switzerland January 22, 2018. REUTERS/Arnd Wiegmann ZURICH (Reuters) – UBS’s investment banking business in the United States is doing well but lags its boss’s ambitions, he said on Friday. “In o... More »
UBS AG (UBSG.S) will pay a $3.5 million civil fine to settle U.S. Securities and Exchange Commission claims that it overcharged customers on mutual funds, the regulator said on Friday. More »
Swiss bank UBS (UBSG.S) could shed almost 30,000 workers in the years ahead due to technological advances in the banking industry, Chief Executive Sergio Ermotti said in a magazine interview. More »
UBS (UBSG.S), the world's largest wealth manager, is convinced its new online private bank needs to get bigger. Now it needs to work out how. More »
The logo of Swiss bank UBS is seen at a branch office in Basel, Switzerland March 29, 2017. REUTERS/Arnd Wiegmann Swiss bank UBS (UBSG.S) is further reorganizing its wealth management businesses in European and emerging markets to simplify its structure, accor... More »
FILE PHOTO: The logo of UBS is seen outside the building housing the headquarters of the Swiss bank in San Juan, Puerto Rico, July 31, 2015. REUTERS/Alvin Baez/File Photo UBS (UBSG.S) hopes optimism surrounding new U.S. President Donald Trump’s proposed polici... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., November 14, 2016. REUTERS/Brendan McDermid Two weeks before the U.S. presidential election, half of wealthy investors were so fearful of turmoil in the stock markets that ... More »
The logo of Swiss bank UBS is seen at the company’s headquarters in Zurich, Switzerland February 10, 2015. REUTERS/Arnd Wiegmann/File Photo The Swiss federal tax administration (FTA) has decided not to appeal against a court decision to let UBS inspect files a... More »
The logo of Swiss bank UBS is seen on a building in Zurich, February 13, 2013. REUTERS/Michael Buholzer/File Photo UBS will cut several dozen jobs at part of its private bank, three sources familiar with the matter told Reuters, part of a previously announced ... More »
The logo of Swiss bank UBS is seen on a building in Zurich, Switzerland December 19, 2012. REUTERS/Michael Buholzer/File Photo UBS said on Monday it was launching a new digital platform to provide online advice for wealth management clients in Britain. More »
NEW YORK Wealthy U.S. investors are holding record cash balances out of fear that the U.S. presidential election will wreak havoc on their retirement accounts, a senior UBS Group AG (UBSG.S) executive said. Bob McCann, who chairs the Swiss bank’s Americas divi... More »
NEW YORK UBS AG urged a U.S. judge on Friday to reject claims that it should be held liable for $2 billion in losses that investors incurred on mortgage-backed securities issued before the collapse of the U.S. housing market. Lawyers for UBS made their closing... More »
SHANGHAI Swiss bank UBS AG plans to more than double the number of staff at its China wealth management teams over the next five years, said Kathryn Shih, Asia pacific president at the bank, in an interview with Reuters on Monday. Shih said market volatility w... More »
NEW YORK U.S. pensions may add $21 billion to $26 billion in stocks and sell $19 billion to $24 billion in bonds in the third quarter as they seek to rebalance their portfolios as the stock market has fared poorly in the quarter, according to UBS analysts. Wit... More »
SAO PAULO Swiss lender UBS AG made a whistleblower deal with Brazilian authorities investigating the suspected rigging of Brazil’s currency market and will receive no punishment in the case, a local newspaper reported on Friday. The investigation, which involv... More »
