UBS Group AG

Paineebber was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000.

PaineWebber

UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Global Wealth Management, Personal and Corporate Banking, Asset Management, Investment Bank, Non-Core and Legacy, and Group Items. The Global Wealth Management segment involves the provision of advice and solutions and offers investment management, estate planning and corporate finance, banking products and services. The Personal and Corporate segment focuses on offering retirement, financing, investments and strategic transactions through its branch network and digital channels. The Asset Management segment consists of capabilities and styles, and advisory support. The Investment Bank segment includes research, advisory services, facilitating clients raising debt and equity from the public, private, and capital markets, cash and derivatives trading. The Non-Core and Legacy segment refers to assets and liabilities prior to the acquisition. The Group Items segment consists of Technology, Corporate Services, Human Resources, Finance, Legal, Risk Control, Compliance, Regulatory and Governance, Communications and Branding, Group Sustainability and Impact, Chief Strategy Office, and Group Treasury. The company was founded on June 29, 1998 and is headquartered in Zurich, Switzerland.

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UBS Group AG (UBS) Q4 2023 Earnings Call Transcript

To reach the same lofty valuation as its U.S. counterpart, the Swiss bank needs to juggle the integration of Credit Suisse with strong growth in wealth management.

UBS Can Be the Next Morgan Stanley, but a Lot of Things Have to Go Right

UBS (NYSE: UBS ) layoffs are coming as the Swiss bank looks to reduce its headcount following the absorption of Credit Suisse last year. According to UBS, it still has some measures to take before it can reap the benefits of bringing Credit Suisse into its fold.

UBS Layoffs 2024: What to Know About the Latest UBS Job Cuts

PHOENIX--(BUSINESS WIRE)-- #AZFinancialAdvisors--Seven UBS financial advisor teams in Arizona have made the Forbes Best-in-State Teams list for 2024.

Seven UBS advisor teams in Arizona named to the Forbes Best-in-State Wealth Management Teams 2024 list

There was a lot to unpack in UBS Group AG (NYSE:UBS)'s full-year results published on Tuesday, chiefly the Swiss bank's absorption of former Swiss competitor Credit Suisse. As earlier reported by Proactive, this Swiss state-backed takeover resulted in a $29 billion accounting gain, which comprised some 96% of UBS's before-tax profit.

More City jobs on the line under UBS austerity plans

UBS Group AG (NYSE:UBS) has reported its fourth-quarter and full-year results for 2023, confirming financial targets and announcing plans for a 27% year-on-year increase in its dividend to $0.70 per share. The bank also intends to reinstate share repurchases in the second half of 2024.

UBS makes bank on bargain-bin Credit Suisse acquisition

UBS said on Tuesday it would resume share buybacks and raised its cost-saving targets as it announced it had completed the first phase of integrating its fallen rival Credit Suisse.

UBS' targets as it absorbs Credit Suisse

UBS said it will resume share buybacks in 2024 after it reported a a slightly better-than-forecast net loss for the fourth quarter.

UBS to Restart Buybacks This Year

Swiss banking giant UBS on Tuesday narrowly beat fourth-quarter earnings expectations and announced that it would recommence share buybacks worth $1 billion in the second half of the year.

UBS beats earnings expectations, announces up to $1 billion share buyback

UBS said on Tuesday it had completed the first phase of integrating fallen rival Credit Suisse, was benefiting from net new asset flows and plans to restart share buybacks in the second half of the year, with up to $1 billion slated for 2024.

UBS plans to restart share buybacks, logs Q4 loss

ZURICH--(BUSINESS WIRE)--Regulatory News: UBS (NYSE:UBS) (SWX:UBSN): 4Q23 and FY23 highlights 4Q23 PBT of USD (751m), including losses of USD 508m related to the investment in SIX Group, in addition to integration-related expenses and pull-to-par and other PPA-related benefits; underlying1 PBT of USD 592m FY23 PBT of USD 29,916m, including USD 28,925m negative goodwill Completed first phase of strategic integration, stabilized the franchise, achieved underlying profitability and initiated restr.

UBS reports 4Q/FY23 results and confirms financial targets, plans to propose USD 0.70 dividend per share, +27% YoY, and to reinstate share repurchases in 2H24 (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)

A temporary nationalisation was never a realistic option for embattled Swiss lender Credit Suisse, former finance minister Ueli Maurer told Swiss newspaper SonntagsZeitung, defending his response to the Swiss banking crisis.

Former Swiss finance minister defends role in Credit Suisse collapse

ALBANY, N.Y.--(BUSINESS WIRE)--UBS Wealth Management USA today announced that a four-person advisor team, The Hart Group, has joined the firm. The team is led by Financial Advisors James Hart, Emily Hoag, Natalie Squillace, and Nolan Hart, and includes Registered Client Service Associate Lynda O Von Jaeger. Together, they manage approximately $1.3 billion in client assets for high-net-worth individuals and families, specializing in the Athletes and Entertainers segment. The Hart Group joins the.

$1.3 Billion Advisor Team Joins UBS in Albany, New York

Switzerland's financial market regulator will focus "very strongly" on UBS after the bank's takeover of fallen rival Credit Suisse, FINMA's Chair said in an interview published on Friday.

Swiss financial regulator says it will focus 'very strongly' on UBS -report

NAPLES, Fla. , Feb. 1, 2024 /PRNewswire/ -- UBS Wealth Management USA announced today that The Stephens Group, led by UBS private wealth advisors Jason E.

UBS advisor team The Stephens Group named to the Forbes Best-In-State Wealth Management Teams list

Bank of America

Barclays

BNP Paribas SA

Citigroup

Goldman Sachs

JPMorgan Chase & Co

Morgan Stanley

NatWest Group plc 

A federal appeals court on Thursday dismissed an appeal by investors who accused 10 of the world's largest banks of antitrust violations for conspiring to suppress competition in the now $26 trillion market for U.S. Treasury securities.

Big banks defeat U.S. Treasury rigging appeal

But a growing number of Wall Street analysts believe these stocks, which make up just 6% of the U.S. equity market by valuation, are poised to gain as the Federal Reserve prepares to start cutting interest rates later this year.

UBS Group joins chorus of Wall Street analysts recommending small-cap stocks

UBS is forging ahead with its integration of Credit Suisse but two key investors fear the Swiss bank could be on a collision course with regulators because of its size.

Exclusive: Two key UBS investors worry about bank's size, regulatory friction

UBS and Credit Suisse lost some ground in their combined share of the Swiss funds business last year, the Asset Management Association of Switzerland said on Monday, predicting that this would fall further.

UBS lost ground in Swiss fund business over 2023

UBS is the last major Swiss bank after acquiring Credit Suisse for $3 billion in 2023. The integration has been costly and has weighed on UBS's Earnings and Return on Equity, but it's still not done. If executed well, this acquisition could significantly increase Return on Equity and thus improve shareholder return.

UBS Group: Upside Depends On Growing Book Value

Former asset management head of Credit Suisse in Asia Pacific, Min Huang, is leaving UBS as the bank embarks on reviewing its China business post global leadership changes, three sources with knowledge of the matter said.

Former Credit Suisse APAC asset management head exiting UBS - sources

UBS's Strategic Outlook: The conclusion highlights UBS's strategic maneuvers, emphasizing both promise and peril in the impending merger with Credit Suisse. Optimistic Elements: We identify ambitious cost-cutting initiatives and the potential for synergies as optimistic factors contributing to a positive outlook. Risks: Highlighted risks include uncertainties about Credit Suisse's domestic operations and challenges in downsizing with increased debt.

Momentum Has Shown That Despite The Risks, UBS Is A Worthy Investment (Rating Upgrade)

PLANO, Texas--(BUSINESS WIRE)--UBS Wealth Management USA announced today that Highbridge Wealth Management, an advisor team in the firm's Plano, Texas office, has been named to the Forbes Best-In-State Wealth Management Teams list for 2024. The team is led by Financial Advisors Mark Kever, Mark Hagan, Shawn Nicholas, Megan Portacci and Byron Brooks. “It is extremely gratifying to see this team recognized again among the state's top advisors,” said Tommy Stacy, Texas Market Director at UBS Priva.

UBS Advisor Team Highbridge Wealth Management Named to Forbes Best-In-State Wealth Management Teams List

ZURICH & BASEL, Switzerland--(BUSINESS WIRE)--Regulatory News: Ad hoc announcement pursuant to article 53 of the SIX Exchange Regulation Listing Rules Following Suni Harford's decision to retire from UBS (NYSE:UBS) (SWX:UBSN), Aleksandar Ivanovic will join UBS's Group Executive Board as President Asset Management and Beatriz Martin Jimenez will become the GEB Lead for Sustainability and Impact in addition to her existing responsibilities. These changes are effective 1 March 2024. As Head of Cli.

Changes to the UBS Group Executive Board

UBS on Tuesday unveiled its biggest branding campaign since 2016 to drive growth, spending tens of millions of dollars to freshen its image after the takeover of Credit Suisse.

News for UBS Group AG Stock (UBS)