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.
UBS warns $3bn buyback plan is hostage to Swiss capital overhaul
UBS warned investors that plans for a $3bn buyback this year could be derailed by reforms to the country’s bank capital regime, taking the shine off quarterly earnings that blew past expectations.
UBS shares retreat 6% as fourth-quarter profit beat, $3 billion buyback fail to impress
Swiss banking giant UBS on Tuesday posted $770 million in fourth-quarter net profit, compared with a mean forecast of $886.4 million in a LSEG poll of analysts and with a $483 million estimate in a company-provided estimate.
UBS trounces profit forecasts, US$3 billion share buyback conditional on capital rules
UBS Group on Tuesday (Feb 4) posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to US$3 billion in shares this year if there were no major changes to bank capital rules in Switzerland in the near term.
UBS trounces profit forecasts, conditional $4 billion buyback unveiled
Investors have warmed to the Credit Suisse takeover, with UBS’s shares rising by more than 80 per cent since. Read more at straitstimes.com.
UBS Buyback Plans Fail to Cheer Investors Awaiting Capital Rule
UBS Group AG shares slumped on Tuesday, signaling that uncertainty over an upcoming government decision on capital requirements is overshadowing the bank’s progress in integrating Credit Suisse.
UBS Shares Slump on Stock Buyback Uncertainty
The company details plans to improve the profitability of its wealth management unit, with a focus on the U.S. market.
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 ...
Tariff escalation could lead to recessions and inflationary pressure, UBS CEO Ermotti says
Sergio Ermotti, CEO of Swiss banking giant UBS, discusses global markets amid rising geopolitical uncertainty.
UBS is European banking’s loneliest mountaineer
Instead of looking over its shoulder at the rest of Europe, Swiss bank would prefer to narrow gap on US rivals ...
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Markets not fully pricing in inflation risk from tariffs, warns UBS chief
UBS Group AG Chief Executive Officer Sergio Ermotti warned that markets may not fully reflect the inflationary risk posed by ...
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UBS Reports Strong Q4, Upto $3B Buyback: But Potential Drag Due To Swiss Banking Reforms Dampens Wall Street Mood
NYSE-listed shares of Swiss giant UBS Group AG declined nearly 5% pre-market Tuesday after the lender reported strong ...
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UBS has cut 10,000 jobs since Credit Suisse takeover in 2023
UBS Group has cut more than 10,000 roles since it bought Credit Suisse, marking a milestone in the lender’s efforts to ...
UBS profit beats forecast as Credit Suisse merger nears end
Swiss banking giant UBS said Tuesday that it remained on track to substantially wrap up its mega-merger with Credit Suisse by ...