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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The Swiss bank says it no longer needs a $10 billion backstop or liquidity lines.

UBS Sheds Swiss Government Aid for Credit Suisse Takeover

UBS on Friday took the decision to sever the backstop the Swiss government gave to absorb Credit Suisse, a bet there are no hidden skeletons that will emerge that will hurt the bank in the way Countrywide's acquisition dragged down Bank of America.

UBS cuts the cord, severing backstop Swiss government provided to buy Credit Suisse

UBS Group AG (NYSE:UBS)has decided to end an agreement with the Swiss government to cover losses it could incur from the rescue of Credit Suisse Group AG (NYSE:CS). The Swiss bank on Friday said that it would voluntarily terminate the loss protection agreement (LPA), as well as a SFR100 billion liquidity lifeline from the Swiss National Bank, effective immediately.

UBS terminates deal to cover potential Credit Suisse losses

UBS said in a memo to employees seen by Reuters on Friday that it would provide information on some more milestones it has reached in its merger with Credit Suisse as part of its second-quarter results on Aug. 31.

UBS tells employees: more milestones in CS merger to be announced Aug 31

UBS on Friday said that it has ended a 9 billion Swiss franc ($10.27 billion) loss protection agreement and a 100 billion Swiss franc publicly liquidity backstop that were put in place by the Swiss government when it took over rival Credit Suisse in March.

UBS ends Credit Suisse dependence on Swiss central bank loan

UBS won't need the government guarantee it secured to rescue failing rival Credit Suisse and has repaid billions of Swiss francs in emergency loans, freeing it of taxpayer-backed funding, Switzerland's biggest bank said on Friday.

UBS ends state guarantee granted over Credit Suisse rescue

PHOENIX--(BUSINESS WIRE)-- #FinancialAdvisors--15 UBS Financial Advisors in Arizona named to Forbes Best-In-State Wealth Advisors list, with 3 Recognized as Top Next-Gen Best-in-State Advisors.

Fifteen UBS Financial Advisors in Arizona named to Forbes Best-In-State Wealth Advisors list with Three Recognized as Top Next-Gen Best-in-State Advisors

PEPPER PIKE, Ohio--(BUSINESS WIRE)--UBS Wealth Management USA today announced that a four-person advisor team, BG Wealth Management, will be joining the firm in Pepper Pike, Ohio.

UBS Hires $640 Million Advisor Team in Pepper Pike, Ohio

UBS announced an overhaul of its investment banking division on Monday, including naming the unit's M&A chiefs, marking a key step in integrating Credit Suisse.

UBS rejigs investment bank in bid to better compete with Wall Street

Swiss multinational bank UBS Group AG is close to making major changes within the senior ranks of its global investment banking division, Reuters reports, citing people familiar with the changes.

UBS nears major investment-bank restructuring: report

UBS Group AG is poised to make sweeping changes to the senior ranks of its investment banking division globally as soon as Monday, marking a new milestone in the process of integrating Credit Suisse, people familiar with the matter said.

Exclusive: UBS nears major investment bank restructuring -sources

UBS Group AG is reshuffling its technology, media and telecommunications (TMT) team, elevating some bankers who joined this year as the Swiss bank charts its strategy following its takeover of Credit Suisse, people familiar with the matter said on Friday.

Exclusive: UBS plans TMT dealmaking team shake-up -sources

Barclays

UBS Group AG has hired semiconductors banker Dmitri Anissimov from Barclays Plc , according to people familiar with the matter.

UBS taps Barclays semiconductors banker Anissimov-sources

UBS Group is laying off employees from Credit Suisse's investment bank this week in New York, a source familiar with the situation said.

UBS lays off Credit Suisse investment bank staff, closes Houston office -source

LOS GATOS, Calif.--(BUSINESS WIRE)--Glomb Private Wealth is proud to announce that it has officially launched as an independent registered investment advisory firm. Glomb Private Wealth is committed to delivering advanced planning, tailored solutions, and world-class service to help a select group of successful clients protect wealth, optimize after-tax returns, and build a legacy for future generations. The firm will be led by Founders Christian A. Glomb, CFP® and Michael C. Glomb, CFP® – a fa.

California Team Leaves UBS to Create a New Investment Advisory and Planning Firm: Glomb Private Wealth

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Ocean Capital LLC (collectively with its affiliates, “Ocean Capital” or “we”), a significant stockholder of numerous Puerto Rico closed-end bond funds (the “Funds”), which are managed or co-managed by an affiliate of UBS Financial Services Incorporated of Puerto Rico (“UBS”), today publicized letters sent to the Boards of Directors (the “Boards”) of Puerto Rico Residents Tax-Free Fund VI, Inc. (“PRITF VI”) and Tax-Free Fund for Puerto Rico Residents, Inc.

Ocean Capital Warns UBS-Managed Closed-End Funds Not to Delay August 3rd Annual Meetings

Swiss banking giant UBS has been instructed to pay $388 million in regulatory penalties linked to its recent acquisition, Credit Suisse, and the latter's interactions with Archegos Capital Management. The fines were levied by US and UK regulators, with the Federal Reserve receiving $269 million and the Bank of England receiving $119 million.

UBS forced to swallow fines of nearly $400m related to Archegos collapse

UBS is being fined for missteps by Credit Suisse less than two months after UBS completed an emergency takeover of its former rival.

UBS hit with $387 million in fines for 'misconduct' by Credit Suisse in Archegos dealings

The U.S. Federal Reserve has hit Swiss bank UBS with a $268.5 million fine over "misconduct" by its rival, Credit Suisse, before the two merged in March.

UBS Takes a $268 Million Hit for 'Credit Suisse Misconduct'

Credit Suisse was racked with $5.5 billion in losses following the collapse of Archegos in 2021.

UBS Fined $387 Million Over Credit Suisse's Failed Dealings With Archegos

The settlement is the first of several that UBS could have to pay after it last month closed its takeover of Credit Suisse, which was involved in a number of legal battles.

UBS to pay nearly $400M to settle Credit Suisse's Archegos dealings

UBS has been ordered to pay $388 million to British and U.S. regulators over Credit Suisse's dealings with private investment firm Archegos Capital Management, the Swiss bank said on Monday.

UBS agrees to pay $388 million over Credit Suisse's Archegos failings

Fed says Credit Suisse engaged in ‘unsafe and unsound counterparty credit risk management practices' related to dealings with the investment firm.

UBS to Pay Nearly $400 Million Fine to Settle Credit Suisse's Archegos Failures

The U.S. Federal Reserve said Monday that UBS Group AG UBS, +1.13% must pay a total of $387 million for alleged misconduct related to $5.5 billion in losses tied to the default of Archegos in 2021. The action includes a $268.5 million fine and consent order against UBS Group AG UBS, +1.13% for misconduct by Credit Suisse, which is now owned by UBS.

Fed fines UBS for alleged misconduct by Credit Suisse in the Archegos blow-up

The U.S. Federal Reserve announced Monday it had fined UBS Group AG $268.5 million for Credit Suisse's misconduct around its dealings with the defunct investment firm Archegos Capital Management.

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