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Not all the legal headaches UBS is facing have to do with Credit Suisse. It reached a settlement with the US in a legacy residential mortgage case of its own making. According to a statement, UBS and its US-based affiliates announced last night that it…
Marcel Roca worked in human resources at Credit Suisse for nearly half a century, bringing in big banking names. Now he works for Iqbal Khan’s asset management unit at UBS. Marcel Roca (pictured below) has taken on a new role in UBS’ Global Wealth Management…
In the coming months, UBS will look to downsize Credit Suisse’s investment banking unit globally. Within Asia, the top regional leaders have reportedly been unveiled. UBS appoints Kuan-Ern Tan as co-head of Asia coverage, alongside John Lee, according to a…
The bank has made further personnel decisions as it reshuffles staff following its takeover of Credit Suisse. UBS has made another round of personnel decisions, appointing Patrick Grob as head of Global Wealth Management Unified Global Markets in the process,…
In a regulatory filing with the SEC, UBS said it expects to wrap up its agreement with the Swiss government over loss guarantees as part of its government-orchestrated takeover of Credit Suisse. When UBS agreed to take over troubled Credit Suisse at the…
Swiss-based Union Bancaire Privée has acquired a new asset manager specializing in Japanese small-cap equities. According to a statement, UBP has acquired 100 percent of the shares issued by Angel Japan Asset Management (AM). Founded in 2001, Angel Japan AM…
For the second time in weeks, Barclays bankers are leaving for UBS. Six investment bankers in the US are on the move. UBS appears to have found rich poaching grounds at Barclays, as it is hiring half a dozen investment bankers specializing in technology,…
The legal integration of UBS and Credit Suisse will close in the next few weeks. The team to manage the new venture has also been announced. Ulrich Koerner resurfaces. Following UBS’s government-imposed takeover of Credit Suisse on March 19, there has been…
All options appear to be on the table. Switzerland’s largest institution could keep the rescued bank’s investment banking business. Or it might spin off its domestic retail franchise in an IPO. UBS continues considering various options for Credit Suisse,…
UBS was preparing a Credit Suisse takeover scenario months before it happened in March. A document filed with the US Securities and Exchange Commission (SEC) provides insight into the process. Just weeks before the takeover of Credit Suisse, the UBS board of…
The merger of UBS and Credit Suisse is expected to result in a behemoth wealth and asset manager, drawing all eyes to the institutions’ first quarter results at the start of the week. During the first quarter we saw strong net new fee-generating asset and net…
Instead of raising new capital to fund its takeover of Credit Suisse by issuing new shares, UBS will repurpose some of those it obtained as part of a repurchase program. In March of last year, UBS launched a $6 billion stock buyback program, scheduled to run…
UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) in stock and agreed to assume up to 5 billion francs ($5.4 billion) in losses, in a shotgun merger engineered by Swiss authorities to avoid more market-shaking turmoil…
Korea’s financial regulator has fined the Seoul branch of UBS AG (in Zurich) for allegedly violating short-selling rules. Other financial firms are under investigation. UBS Securities and ESK Asset Management were fined a total of 6 billion won ($4.5 million)…
Switzerland’s fintech and insurtech ecosystem is getting a boost by partnering with the country’s largest bank. Startup incubator and accelerator Tenity (formerly known as F10) and UBS are entering a strategic partnership, according to an emailed statement on…
Switzerland’s fintech and insurtech ecosystem is getting a boost by partnering with the country’s largest bank. Startup incubator and accelerator Tenity (formerly known as F10) and UBS are entering a strategic partnership, according to an emailed statement on…
