UBS reports 14.4 million Swiss francs for CEO Ermotti in 2023 ZURICH: UBS on Thursday said its CEO Sergio Ermotti picked up 14.4 million Swiss francs in 2023 after taking over... Published 28 Mar, 2024 01:40pm
Business & Finance UBS sells $8bn of Credit Suisse assets to Apollo ZURICH: UBS has sealed the sale of Credit Suisse’s securitised products business to Apollo Global Management as part... Published 28 Mar, 2024 07:20am
Business & Finance UBS sells $8 billion of Credit Suisse assets to Apollo ZURICH: UBS has sealed the sale of the securitised products business of Credit Suisse to Apollo Global Management,... Published 27 Mar, 2024 01:29pm
Business & Finance UBS to boost Asia-sourced assets to 20% in five to six years, CEO says HONG KONG: UBS plans to tap growth in Asia and increase assets sourced from clients in the region to 20% in five-six... Published 26 Mar, 2024 02:18pm
Life & Style Big hotel chains and unbranded-hotel owners find they need each other NEW YORK: Independent hotel operators and giant global chains are increasingly linking up in franchise agreements as... Published 25 Mar, 2024 03:49pm
Markets China stocks fall as Country Garden drags property developers lower SHANGHAI: China stocks closed down on Wednesday, dragged by property developers as Country Garden missed a coupon... Published 14 Mar, 2024 03:00am
Business & Finance UBS posts $279-mn Q4 net loss after Credit Suisse takeover ZURICH: Swiss banking giant UBS on Tuesday posted a smaller-than-expected net quarterly loss of $279 million, amid... Published 06 Feb, 2024 12:04pm
Business & Finance UniCredit vows to match 2023 income after beating forecast MILAN: UniCredit pledged to match its 2023 income this year despite a toughening backdrop and said it would pay out... Published 05 Feb, 2024 01:37pm
Business & Finance UBS unveils big branding push after Credit Suisse takeover ZURICH: UBS on Tuesday unveiled its biggest branding campaign since 2016 to drive growth, spending tens of millions... Published 23 Jan, 2024 02:33pm
Markets China stocks rebound from 5-year lows SHANGHAI: China stocks closed up after touching their lowest in nearly five years, as some exchange-traded funds(E... Published 19 Jan, 2024 05:37am
Markets Oil prices rise on global demand forecasts NEW YORK: Oil prices rose on Thursday as the International Energy Agency (IEA) joined producer group OPEC in... Published 19 Jan, 2024 05:37am
Business & Finance UBS nominates Australian banking executive to board ZURICH: UBS has nominated Australian financial executive Gail Kelly to its board, the Swiss bank said on Friday,... Published 12 Jan, 2024 12:07pm
Markets Gold headed for best year since 2020 BENGALURU: Gold edged up on Friday as it looked set to mark its best year in three, supported by expectations that... Published 31 Dec, 2023 03:04am
Business & Finance China’s yuan firmer SHANGHAI: China’s yuan firmed against a weakening US dollar on Thursday, as the dollar index fell in late session... Published 29 Dec, 2023 02:58am
Business & Finance Australia’s ANZ posts record FY profit, investors fret over mortgage pressure Australia’s fourth-biggest lender, ANZ, said on Monday surging demand for its institutional banking services... Published 13 Nov, 2023 11:24am
Business & Finance UBS posts bigger loss than expected as it absorbs Credit Suisse ZURICH: UBS on Tuesday posted a larger-than-expected loss in the third quarter as it integrates Credit Suisse... Published 07 Nov, 2023 01:52pm
Markets China stocks end lower; HK track global peers higher SHANGHAI: China stocks closed lower on Thursday, hurt by concerns around economic recovery, while Hong Kong shares... Published 03 Nov, 2023 06:11am
Business & Finance Yen rises after Japan ramps up intervention warning NEW YORK: The struggling yen rose from a one-year low against the US dollar and a 15-year trough versus the euro on... Published 02 Nov, 2023 03:15am
Markets China stocks end up on $137bn sovereign bond issue plan HONG KONG: Chinese stocks rose on Wednesday after the country’s top parliamentary body approved an additional 1... Published 26 Oct, 2023 06:08am
Business & Finance UBS to cut Credit Suisse investment bank staff in Spanish overhaul ZURICH: UBS is cutting nearly half of the staff it inherited from Credit Suisse in Spain in the latest restructuring... Published 25 Oct, 2023 08:13pm
Markets Bond buyers dip toes in long-term Treasuries despite higher-for-longer rate fears NEW YORK: Some investors are increasing exposure to longer term US Treasuries in the midst of a historic sell-off,... Published 19 Oct, 2023 10:22am
Markets China, HK stocks fall SHANGHAI: Chinese stocks closed lower on Friday after consumer price data suggested domestic demand is still under... Published 14 Oct, 2023 05:32am
Markets European shares fall 1pc as bond yields surge PARIS: European shares sank to fresh six-month lows on Tuesday, dragged lower by rate-sensitive utilities and miners... Published 04 Oct, 2023 06:20am
Markets UBS and China’s ICBC to explore banking, wealth management ties HONG KONG: Swiss banking group UBS said on Tuesday it had signed a memorandum of understanding with the world’s... Published 26 Sep, 2023 04:31pm
Business & Finance UBS to absorb Credit Suisse domestic unit, eyes 3,000 job cuts ZURICH: Banking giant UBS said Thursday it plans to fully absorb Credit Suisse’s century-old Swiss division and... Published 01 Sep, 2023 05:41am
Business & Finance UBS to cut more than 3,000 Swiss jobs as it integrates Credit Suisse UBS will cut 3,000 jobs in Switzerland in the coming years as it integrates Credit Suisse, with further staff to go... Published 31 Aug, 2023 01:08pm
Business & Finance UBS posts $29bn profit, Credit Suisse $10bn loss amid merger ZURICH: UBS posted a towering $29-billion net profit in the second quarter amid its takeover of fallen rival Credit... Published 31 Aug, 2023 10:45am
Markets UBS set to post first results since Credit Suisse merger ZURICH: As UBS prepares to post earnings this week, investors and employees are eagerly awaiting clues as to how... Published 29 Aug, 2023 11:23am
Business & Finance UBS to pay $1.4bn to settle US fraud charges on subprime loans NEW YORK: UBS will pay $1.4 billion to settle US charges that it defrauded investors in the sale of mortgage-backed... Published 15 Aug, 2023 06:30am
Business & Finance UBS shuffles bank bosses in bid to better compete with Wall Street LONDON/NEW YORK: UBS on Monday announced an overhaul of its investment banking division, including naming the... Published 15 Aug, 2023 06:30am