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UBS Group AG (UBS.N)

UBS.N on New York Stock Exchange

14.55USD
27 Nov 2020
Change (% chg)

$-0.07 (-0.48%)
Prev Close
$14.62
Open
$14.46
Day's High
$14.61
Day's Low
$14.46
Volume
445,220
Avg. Vol
882,731
52-wk High
$14.78
52-wk Low
$7.52

Latest Key Developments (Source: Significant Developments)

Investor Giorgio Girondi held a stake of 4.98% in Banco BPM as of Oct. 21 - filing
Thursday, 29 Oct 2020 

Oct 29 (Reuters) - Banco BPM: :UBS HELD A POTENTIAL STAKE OF 6.381% IN BANCO BPM ON OCT. 21 - FILING.INVESTOR GIORGIO GIRONDI HELD 4.98% IN BANCO BPM AS OF OCT. 21 - FILING.  Full Article

Deutsche Bank Aims To Go Its Own Way, CEO Says On M&A
Wednesday, 28 Oct 2020 

Oct 28 (Reuters) - Deutsche Bank CEO on n-tv broadcaster::ON BANKING MERGERS: OUR TARGET IS TO GO OUR OWN WAY.EUROPE MUST BECOME OUR HOME MARKET, WE NEED BIG EUROPEAN BANKS FOR THAT.  Full Article

UBS To Name ING's Ralph Hamers As Next CEO - FT
Thursday, 20 Feb 2020 

Feb 19 (Reuters) - :UBS TO NAME ING'S RALPH HAMERS AS NEXT CEO - FT.  Full Article

UBS CEO: French Tax Case Must Be Taken Into Account In Considering Further Buybacks
Tuesday, 21 Jan 2020 

Jan 21 (Reuters) - UBS Group AG ::CFO SAYS GROUP REMAINS CONFIDENT IN ITS ABILITY TO GENERATE NET NEW MONEY GROWTH, EVEN AS IT FOCUSES AWAY FROM NET NEW MONEY AS A TARGET IN FAVOUR OF PROFIT.CFO SAYS LAUNCHING A PROGRAM TO ENCOURAGE CLIENTS TO REDUCE CASH HOLDINGS IN EUROS AND SWISS FRANCS, WHICH WILL PROVIDE HEADWINDS TO NET NEW MONEY.CEO SAYS FRENCH TAX CASE MUST BE TAKEN INTO ACCOUNT IN CONSIDERING FURTHER BUYBACKS; AGGRESSIVE CAPITAL REPURCHASES WOULD NOT BE APPROPRIATE IN LIGHT OF TAX CASE.  Full Article

Normal market conditions could put UBS at top of target range for RoCET1 -CEO
Tuesday, 21 Jan 2020 

Jan 21 (Reuters) - UBS Group AG ::UBS GROUP CEO SAYS WITH NORMAL MARKET CONDITIONS EXPECT TO BE AT TOP OF TARGET RANGE FOR ROCET1 - CNBC.  Full Article

UBS Announces Agreement To Sell A Majority Stake In UBS Fondcenter To Clearstream
Tuesday, 21 Jan 2020 

Jan 21 (Reuters) - Ubs Group Ag ::UBS ANNOUNCES AGREEMENT TO SELL A MAJORITY STAKE IN UBS FONDCENTER, ITS B2B FUND DISTRIBUTION PLATFORM, TO CLEARSTREAM.AS PART OF TRANSACTION, UBS AND CLEARSTREAM WILL ENTER INTO LONG-TERM COMMERCIAL COOPERATION ARRANGEMENTS..UPON CLOSING OF DEAL, CURRENTLY EXPECTED IN SECOND HALF OF 2020, UBS EXPECTS TO RECOGNIZE A POST-TAX GAIN OF ABOUT USD 600 MILLION.UBS WILL INITIALLY RETAIN A MINORITY (48.8%) SHAREHOLDING IN COMBINED BUSINESS.EMPLOYEES OF FONDCENTER WILL TRANSFER TO CLEARSTREAM AS PART OF SALE, MANAGEMENT TEAM WILL TAKE SENIOR POSITIONS WITHIN COMBINED BUSINESS.UPON CLOSING OF TRANSACTION, FONDCENTER WILL BE COMBINED WITH CLEARSTREAM'S FUND DESK BUSINESS.UBS AGREED TO SELL A MAJORITY STAKE (51.2%) IN UBS FONDCENTER TO CLEARSTREAM, DEUTSCHE BÖRSE GROUP'S POST-TRADE SERVICES PROVIDER.WILL ENTER INTO AN AGREEMENT UNDER WHICH IT MAY SELL ITS REMAINING SHAREHOLDING TO CLEARSTREAM AT A LATER TIME.UPON CLOSING OF DEAL, UBS EXPECTS TO RECOGNIZE CET1 CAPITAL INCREASE OF APPROXIMATELY USD 400 MILLION.  Full Article

Iqbal Khan Will Start New Job At UBS On Oct. 1 - Finanz Und Wirtschaft
Monday, 30 Sep 2019 

Sept 30 (Reuters) - Switzerland's Finanz Und Wirtschaft::UBS SPOKESMAN SAYs IQBAL KHAN WILL START ON HIS NEW ROLE AS PLANNED ON TUESDAY, OCT. 1 AFTER CREDIT SUISSE <<>> SPYING CASE.  Full Article

Deutsche Bank, UBS Explored European Banking Alliance- WSJ
Sunday, 25 Aug 2019 

Aug 25 (Reuters) - :DEUTSCHE BANK AND UBS EXPLORED EUROPEAN BANKING ALLIANCE - WSJ.DEUTSCHE BANK, UBS EXPLORED WAYS TO COMBINE BUSINESSES, INCLUDING TALKS AS RECENTLY AS MID-JUNE TO FORM ALLIANCE OF INVESTMENT-BANKING OPERATIONS- WSJ.DEUTSCHE BANK AND UBS DEAL TALKS IN JUNE NEVER COALESCED - WSJ.  Full Article

UBS Says Will Carefully Review Written Swiss Supreme Court Verdict
Friday, 26 Jul 2019 

July 26 (Reuters) - UBS Group AG ::UBS SAYS ON SUPREME COURT VERDICT: WILL CAREFULLY REVIEW WRITTEN VERDICT.UBS SAYS SWISS TAX AUTHORITY SHOULD ENSURE THAT ANY DATA SHARING IS SUBJECT TO SPECIALTY PRINCIPLE BEFORE ANY DATA IS SHARED.  Full Article

UBS CEO: We Can't Have Price For Monetary Policy Paid By Shareholders
Tuesday, 23 Jul 2019 

July 23 (Reuters) - UBS ::CFO: EXPECT SLIGHTLY HIGHER OPERATIONAL COSTS IN H2 THAN IN H1.CEO: WILL ANALYSE THREE-YEAR PLAN AT END-Q3 AND WILL TAKE MARKET ENVIRONMENT AND INTEREST RATES INTO CONSIDERATION IN EVALUATING OUR GOALS.CEO ON POTENTIAL ADJUSTMENTS TO INVESTMENT BANK IN STRATEGIC REVIEW: WE'RE NOT THINKING ABOUT A REVOLUTION, EXPECT SERIES OF EVOLUTIONARY STEPS.CEO: BANK SAW LITTLE EVIDENCE SCANDAL AROUND ECONOMIST'S COMMENTS ON CHINA IMPACTED BUSINESS; NO IMPACT ON OUR COMMITMENT TO GREATER CHINA.CEO SAYS VERY PLEASED WITH ASSET MANAGEMENT PERFORMANCE, NO COMMENT ON MARKET RUMOURS.CEO, ASKED ABOUT IMPACT OF DEUTSCHE BANK'S INVESTMENT BANKING DOWNSIZE: OVERALL, UBS SEEING INCREASED SHARE OF WALLET IN INVESTMENT BANK, EXPECT TO SEE CONTINUED CONCENTRATION.CEO SAYS IN CONCRETE DISCUSSIONS REGARDING SEVERAL STRATEGIC PARTNERSHIPS, RELATED TO WEALTH MANAGEMENT, INVESTMENT BANKING AND COMBINATION OF BOTH.CEO SAYS WILL LOOK AT ANY ALTERNATIVES TO PROTECT MARGINS SHOULD MONETARY POLICY CHANGE; CAN'T HAVE PRICE FOR MONETARY POLICY PAID BY SHAREHOLDERS.CEO: WE MUST LOOK AT BALANCING SHAREHOLDER AND CLIENT INTERESTS, BUT IT WILL BE VERY DIFFICULT TO APPLY NEGATIVE INTEREST RATES TO RETAIL CLIENTS.CEO DECLINES COMMENT ON FUTURE OF CHIEF ECONOMIST PAUL DONOVAN, WHO WAS PREVIOUSLY PUT ON LEAVE OVER CHINESE PIG COMMENT.  Full Article