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UBS Has Cut 10,000 Jobs

UBS Has Cut 10,000 Jobs Since Credit Suisse Takeover in 2023

UBS Group AG has cut more than 10,000 roles since it bought Credit Suisse, marking a milestone in the lender’s efforts to integrate its former rival.

Indiatimes · 1d

UBS says Credit Suisse integration to practically complete next year

UBS, Switzerland's largest bank, announced Tuesday it is on schedule with its 2024 targets for integrating Credit Suisse. The bank expects the merger to be largely finished by the end of 2026.

Daily Journal · 1d

UBS profit beats forecast as Credit Suisse merger nears end

Swiss banking giant UBS posted better-than-expected fourth quarter results on Tuesday and confidently predicted its mega-merger with Credit Suisse would be substantially wrapped up by the end of 2026

UBS Aims to Boost Buybacks

Bloomberg on MSN · 1d

UBS Buyback Plans Fail to Cheer Investors Awaiting Capital Rule

UBS Group AG said it aims to buy back up to $3 billion of its own shares this year, with Chief Executive Officer Sergio Ermotti returning more cash to investors amid progress in integrating Credit Suisse.

The Wall Street Journal on MSN · 1d

UBS Aims to Boost Buybacks as Net Profit Beats Expectations

The group plans to repurchase $1 billion of its stock in the first half and buy back up to an additional $2 billion in the second.

Reuters on MSN · 1d

UBS quarterly profit smashes expectations, $3 billion buyback unveiled

UBS Group, Switzerland's largest bank, on Tuesday posted net income of $770 million for the fourth quarter of 2024, trouncing forecasts. The net profit attributable to shareholders compared with an average estimate of $483 million in a company-provided poll of analysts.

Swiss bank UBS returns to profit in 4th quarter

Hosted on MSN · 1d

UBS CEO takes aim again at Swiss capital rules, spooking shares

UBS shares sank on Tuesday after its CEO warned again about the negative impact of new Swiss capital rules and the bank said its buyback plans hinged on no major changes to them. Shares in Switzerland's largest bank initially rose after its fourth quarter profit beat forecasts,

Bloomberg L.P. · 1d

UBS Says Swiss Capital Rule Would Mean Higher Profit Retention

UBS Group AG says it would have to fund any new capital requirement from the Swiss government through higher profit retention, according to the bank’s Chief Financial Officer Todd Tuckner.

DPA International on MSN · 1d

Swiss bank UBS returns to profit in fourth quarter

UBS Group AG was back in the black in the fourth quarter - based off better revenues - after incurring a loss in the same period of the previous year, the Swiss banking giant reported on Tuesday. For the fourth quarter,

27m

UBS swings back to profit in Q4 2024

UBS has reported a net profit attributable to shareholders of $770m for the fourth quarter of 2024 (Q4 2024), compared with a ...

6hon MSN

Why UBS Group AG (UBS) Went Down on Tuesday

We recently compiled a list of the 10 Firms Fall Amid Disappointing Earnings Performance. In this article, we are going to ...

Business Times9h

Over 500 investors start claims process against Switzerland for Credit Suisse AT1 write-down

MORE than 500 investors have started their claims process against Switzerland for its forced write-down of Credit Suisse’s ...

Swissinfo7h

Switzerland’s Finma Pushes Back Against Calls to Protect UBS

Switzerland’s financial watchdog signaled it’s opposed to giving UBS Group AG any special treatment to aid its competitiveness against global rivals, as the country undergoes a regulatory overhaul ...

Higher capital requirements for UBS will raise costs for others, CEO says

Imposing higher capital requirements on UBS as a systemically relevant bank will usher in higher costs for companies and ...

Business Times9h

Over 500 investors, including 300 Singaporeans, kick off claim against Switzerland over Credit Suisse bond losses of over US$250 million

MORE than 500 investors have started their claims process against Switzerland for its forced write-down of Credit Suisse’s ...

11h

UBS Group AG (UBS) Q4 2024 Earnings Call Highlights: Strong Profit Growth and Strategic Advancements

UBS Group AG (UBS) reports a robust $5.1 billion full-year net profit and proposes a 29% dividend increase amid strategic ...

Answer to UBS’s chronic US problem may be M&A

Sergio Ermotti has a U.S. problem. The UBS boss acknowledged as much on Tuesday by releasing some new targets for the ...

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