UBS Boss Warns Against Excessive Banking Regulation
UBS chief executive officer Sergio Ermotti said on Monday, December 30, that Switzerland should not set such rules for the country’s banking sector that would put it in a disadvantageous position.
UBS
Mastercard Launches Move Commercial Payments for Near Real-Time Cross-Border Transactions
The newly introduced Mastercard Move Commercial Payments solution is designed to streamline operations, enhance liquidity management, lower counterparty risk, and offer comprehensive visibility for banks and their clients.
UBS Profit Beats Forecasts
UBS Group AG has released data on the financial results of its operations in the second quarter of the current year, according to which the profit of this bank for the specified period exceeded preliminary expectations regarding the dynamic of the corresponding indicator.
UBS Says About Current Condition of Japanese Market
Kelvin Tay, regional chief investment officer at UBS Global Wealth Management, said during a conversation with media representatives that currently going into the Japanese market in terms of symbolic comparison with other actions is similar to catching a falling knife.
UBS Returns to Profit
UBS on Tuesday, May 7, announced a return to profit after a period of losses that lasted for two quarters.
Switzerland Says About UBS’s Likely Need for Money
A year after the bankruptcy of Credit Suisse, the Swiss government announced the likelihood that UBS would have to find up to $27 billion to absorb potential losses and prevent a banking collapse, which could be a very sensitive event for the country’s financial system.
UBS Reportedly Plans to Shut Thousands of Smaller Credit Suisse Asia Accounts
The media, citing insiders, report that UBS Group AG intends to shut down Credit Suisse accounts with a small value, the number of which currently stands at several thousand.
UBS Restarts Buybacks
UBS Group AG has announced its intention to resume share buyback in the current year.
UBS Chair Predicts Challenging 2024
UBS Chairman Colm Kelleher said that next year will be one of the most difficult in the takeover process of Credit Suisse by the mentioned financial institution.
UBS Reports Loss on Costs of Credit Suisse Takeover
UBS has faced significant losses in the first full quarter since the acquisition of Credit Suisse, a lender that competed with this bank and was on the verge of collapse, was completed.
UBS CEO Sees Good Momentum in Recovering Credit Suisse Funds
Sergio Ermotti, Chief Executive Officer of UBS Group AG, said that in this quarter there is a good dynamic of the return of funds that customers withdrew from Credit Suisse before the takeover.
UBS Outlines Major Targets for Its Integration of Credit Suisse
UBS Group AG has outlined the main goals of integration with its former competitor Credit Suisse.
UBS to Pay Over $1 Billion to Settle Fraud Claims
It became known that the Swiss bank UBS agreed to pay $ 1.4 billion as part of the settlement of claims of involvement in fraudulent activities in the United States, which became a kind of premise of the financial crisis that broke out in 2008.
Federal Reserve Fines UBS
The Federal Reserve System last Monday, July 24, announced the application of sanctions in the form of fines against UBS due to the practice of committing misconduct by Credit Suisse in risk management of Archegos Capital Management, an investment fund that declared bankruptcy in 2021.
Bank of China Investment Arm Issues Tokenised Notes
The new tokenised notes are the first product of its kind not only in China but also the whole Asia Pacific region constituted under Hong Kong and Swiss laws and tokenised on the main Ethereum blockchain
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