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UBS Group AG (UBS.N)

UBS.N on New York Stock Exchange

12.14USD
14 Nov 2019
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$-0.01 (-0.12%)
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Latest Key Developments (Source: Significant Developments)

UBS Says Co And Banco Do Brasil To Launch Leading Investment Bank In South America
Thursday, 7 Nov 2019 

Nov 6 (Reuters) - UBS Group AG ::UBS AND BANCO DO BRASIL SET TO LAUNCH A LEADING INVESTMENT BANK IN SOUTH AMERICA.NEW INVESTMENT BANK IS EXPECTED TO BE ESTABLISHED THROUGH COMBINATION OF ASSETS FROM BOTH STAKEHOLDERS.THE CHAIRPERSON WILL BE APPOINTED BY BANCO DO BRASIL, AND UBS WILL APPOINT THE VICE-CHAIRPERSON AND CEO.BANCO DO BRASIL AND UBS WILL EACH APPOINT THREE BOARD MEMBERS.UBS GROUP -CO INTENDS TO CONTRIBUTE ITS OPERATIONAL INVESTMENT BANKING PLATFORM IN BRAZIL & ARGENTINA,& ITS INSTITUTIONAL BROKERAGE BUSINESS IN BRAZIL.FOR THE NEW INVESTMENT BANK UBS WILL HOLD A 50.01% OWNERSHIP STAKE AND BANCO DO BRASIL 49.99%.BANCO DO BRASIL INTENDS TO CONTRIBUTE EXCLUSIVE ACCESS RIGHTS TO ITS CORPORATE CLIENTS.  Full Article

UBS CFO: investment bank headcount cuts will be fairly senior
Tuesday, 22 Oct 2019 

Oct 22 (Reuters) - UBS Group AG ::CEO SAYS NOT SATISFIED WITH INVESTMENT BANK PERFORMANCE OVER THE QUARTER.CFO SAYS $90 MILLION COST REDUCTIONS FROM INVESTMENT BANK RESTRUCTURE WILL BE 100% PERSONNEL COST REDUCTIONS; GROSS REDUCTIONS WILL BE HIGHER.CEO SAYS ASKED NEW WEALTH MANAGEMENT CO-HEAD IQBAL KHAN TO EXPLORE OPPORTUNITIES OVER FIRST 60 DAYS TO REFOCUS WEALTH MANAGEMENT BUSINESS WITH CO-HEAD TOM NARATIL; WILL DISCUSS IN DECEMBER.CEO SAYS STRATEGIC UPDATE TO BE PROVIDED IN JANUARY WILL ADDRESS WHETHER CERTAIN INITIATIVES NEED TO BE SLOWED DOWN OR ABANDONED GIVEN MARKET CONDITIONS, RE-EXAMINE PROFITABILITY GOALS.CFO SAYS OVERALL REDUCTIONS IN INVESTMENT BANK HEADCOUNT WILL BE BROAD-BASED ACROSS FAIRLY SENIOR LEVELS.CEO SAYS NEXT UPDATE ON FRANCE TAX CASE WILL BE ON NOVEMBER 4, WILL LIKELY FIND OUT DATE OF APPEAL TRIAL.CFO SAYS NO INTENTION TO SHRINK INVESTMENT BANK'S CAPITAL ALLOCATION FROM ONE-THIRD OF BANK'S OVERALL CAPITAL FOOTPRINT.CEO SAYS WILL NOT PASS ON NEGATIVE INTEREST RATES TO RETAIL AND AFFLUENT CLIENTS.  Full Article

UBS Plots Revamp Of Investment Bank After Performance Falters - FT
Thursday, 5 Sep 2019 

Sept 4 (Reuters) - :UBS PLOTS REVAMP OF INVESTMENT BANK AFTER PERFORMANCE FALTERS - FT.EXECUTIVES ARE DISCUSSING HUNDREDS OF JOB CUTS AT UBS - FT.  Full Article

UBS CEO Welcomes Huw Van Steenis To Team - Tweet
Friday, 23 Aug 2019 

Aug 23 (Reuters) - UBS CEO::"HAPPY TO WELCOME @HUWSTEENIS TO THE TEAM" -TWEET.  Full Article

Deutsche Bank Nominates Former UBS Manager Zeltner To Supervisory Board
Thursday, 15 Aug 2019 

Aug 15 (Reuters) - Deutsche Bank AG ::JÜRG ZELTNER NOMINATED TO THE SUPERVISORY BOARD OF DEUTSCHE BANK AG.  Full Article

Credit Suisse CEO: 10-11% RoTE won't be achieved if 2019 revenues not flat
Wednesday, 31 Jul 2019 

By Brenna Hughes Neghaiwi:CREDIT SUISSE CEO SAYS BANK SUFFERING FROM STRONG SWISS FRANC.CREDIT SUISSE CEO: LOOKING AT PARTNERSHIPS AND OTHER OPPORTUNITIES TO ENTER AND GROW PRIVATE BANKING IN SOUTH KOREA.CREDIT SUISSE CEO SAYS STILL VERY EARLY TO ANALYSE IMPLICATIONS OF SWISS SUPREME COURT VERDICT ON SHARING UBS CLIENT DATA WITH FRANCE; CS HAS ZERO-TOLERANCE POLICY ON TAX EVASION.CREDIT SUISSE CEO SAYS 2019 GUIDANCE FOR 10-11% ROTE; BANK VERY EXPLICITLY SAID THIS IS BASED ON ASSUMPTION OF FLAT YEAR-ON-YEAR REVENUE.CREDIT SUISSE CEO SAYS IF REVENUES ARE NOT FLAT YEAR-ON-YEAR, THEN 10-11% ROTE WILL NOT BE ACHIEVED.CREDIT SUISSE CEO SAYS WE ARE NOT GOING TO RESTRUCTURE IBCM DIVISION BECAUSE OF TWO DIFFICULT QUARTERS.CREDIT SUISSE CEO SAYS WE ARE INVESTING AND RECRUITING IN INVESTMENT BANKING & CAPITAL MARKETS DIVISION.CEO SAYS CREDIT SUISSE CONSIDERING MEASURES ON DEPOSITS TO MITIGATE PRESSURES FROM NEGATIVE INTEREST RATES, MEASURES TARGETED TOWARDS CUSTOMERS WITH VERY LARGE CASH BALANCES.  Full Article

UBS, Japan's Sumitomo Trust Bank Strike Partnership - FT
Thursday, 6 Jun 2019 

June 6 (Reuters) - :UBS AND JAPAN'S SUMITOMO TRUST BANK STRIKE PARTNERSHIP - FT.JAPAN'S SUMITOMO TRUST BANK WILL START SELLING UBS'S WEALTH MANAGEMENT PRODUCTS TO HIGH-NET WORTH CLIENTS- FT, CITING SOURCES.  Full Article

DWS’ Priority Is On Organic Growth, CEO Says
Wednesday, 5 Jun 2019 

June 5 (Reuters) - DWS ::CEO SAYS OUR PRIORITY IS ORGANIC GROWTH, NO COMMENT ON SPECULATION ABOUT CONCRETE M&A PLANS.KREUZKAMP SAYS CURRENTLY NO PLANS FOR CAPITAL INCREASE.  Full Article

UBS Shareholders Confirm Re-Election Of Chairman And Board Of Directors Members
Thursday, 2 May 2019 

May 2 (Reuters) - UBS Group AG [RIC:RIC:UBSAG.UL]::REG-UBS AG RESULTS OF THE ANNUAL GENERAL MEETING 2019 OF UBS GROUP AG.SHAREHOLDERS CONFIRMED RE-ELECTION OF CHAIRMAN AND MEMBERS OF BOARD OF DIRECTORS.THEY ELECTED WILLIAM C. DUDLEY AND JEANETTE WONG AS NEW MEMBERS OF BOARD.THEY APPROVED PAYMENT OF AN ORDINARY DIVIDEND OF CHF 0.70 PER SHARE, AN INCREASE COMPARED WITH PREVIOUS YEAR.THEY APPROVED PROPOSALS RELATING TO REMUNERATION OF MEMBERS OF BOARD OF DIRECTORS AND GROUP EXECUTIVE BOARD AND ACCEPTED COMPENSATION REPORT 2018.COMPENSATION REPORT APPROVED.  Full Article

UBS CEO Declines Comment On Potential Deal With DWS
Thursday, 25 Apr 2019 

April 25 (Reuters) - UBS Group AG ::UBS CEO SAYS GLOBALLY INVESTORS HAVE CASH HOLDINGS OF 32 PERCENT - BLOOMBERG TV.UBS CEO DECLINES TO COMMENT ON M&A WHEN ASKED ABOUT POTENTIAL DEAL WITH DWS.  Full Article