UBS Group AG (UBSG.SW)
- Reuters
UBS plans next round of layoffs in Credit Suisse integration, Bloomberg News reports
The layoffs are scheduled to take place in the upcoming weeks, the report said, citing people with knowledge of the matter, adding that the job cuts are expected in the wealth management and markets units. UBS' takeover of Credit Suisse, the biggest bank merger since the 2008 global financial crisis, was hastily arranged by Swiss authorities in March 2023 to avert Credit Suisse's collapse.
- Bloomberg
UBS, Nomura Battle to Win Rates Sales to Europe’s Ultra Rich
(Bloomberg) -- UBS Group AG and Nomura Holdings Inc. are making a push to sell sophisticated fixed-income products to the ultra wealthy in Europe, competing against firms such as BNP Paribas SA.Most Read from BloombergDubai Grinds to Standstill as Cloud Seeding Worsens FloodingChina Tells Iran Cooperation Will Last After Attack on IsraelWhat If Fed Rate Hikes Are Actually Sparking US Economic Boom?Tesla Asks Investors to Approve Musk’s $56 Billion Pay AgainPowell Signals Rate-Cut Delay After Run
- Bloomberg
UBS Is Said to Face $20 Billion Capital Hit Under Swiss Plan
(Bloomberg) -- UBS Group AG faces an increase in regulatory capital requirements that could reach around $20 billion under reforms proposed in the wake of the collapse of Credit Suisse.Most Read from BloombergBeyond the Ivies: Surprise Winners in the List of Colleges With the Highest ROIChina Tells Iran Cooperation Will Last After Attack on IsraelUS Two-Year Yield Eyes 5% Before Powell’s Remarks: Markets WrapIMF Steps Up Its Warning to US Over Spending and Ballooning DebtIran’s Conflict With Isr
