UBS Group (UBS) is setting up new units to transform its wealth management business. This aligns with the company's cost-saving business restructuring strategies.
(Bloomberg) -- Ten major US and European banks, including Goldman Sachs Group Inc., JPMorgan Chase & Co. and BNP Paribas SA, plan to pay a combined $46 million to end a lengthy legal battle with pension plans that accused them of conspiring to block competitors in interest-rate swaps trading. Most Read from BloombergBiden’s Disastrous Debate Accelerates Doubts Over CandidacyBiden Struggles as He Spars With Trump on Economy: Debate TakeawaysDemocrats Question Replacing Biden: Here’s How It Could
The company tapped JPMorgan Chase executive Michael Camacho as head of Global Wealth Management U.S.