UBS Aims to Boost Buybacks
UBS plans $3bn share buyback on stronger than expected results
UBS blew past expectations during the fourth quarter with $770mn in net profit, boosted by a strong performance at its investment bank, and announced $3bn in share buybacks on Tuesday. Quarterly profit was significantly higher than analysts’ forecasts of $483mn, while revenues jumped 7 per cent compared with the same period last year to $11.6bn.
NET PROFIT FORECAST: UBS's quarterly net profit is forecast to be at $483 million, according to the consensus. The bank reported a net loss of $279 million for the year-earlier period, hit by around ...
Imposing higher capital requirements on UBS as a systemically relevant bank will usher in higher costs for companies and ...
UBS Group (UBS) is reportedly cutting hundreds of jobs in Switzerland, affecting several levels, as part of its integration ...
Swiss banking giant UBS could reportedly pay "at least hundreds of millions of dollars" in penalties related to prior misconduct at Credit Suisse, which UBS acquired after the bank collapsed in 2023.
UBS Group AG Chief Executive Officer Sergio Ermotti said he will keep cutting headcount in the wake of the historic ...
The fines imposed on Credit Suisse for the Mozambique scandal will be allocated to a fund for the victims, amounting to $105.5 million.
JPMorgan Chase & Co. is in negotiations to lease space at the Canary Wharf office that once housed Credit Suisse’s UK ...
The fallout from Credit Suisse’s collapse continues as lawsuits targeting Switzerland’s write-off of AT1 bonds intensify. A ...
Swiss bank UBS effectively benefits from a state guarantee that has reduced its costs by billions, a study from the ...
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