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UBS

UniCredit's new boss opens door to M&A after strong quarter
Business & Finance

UniCredit's new boss opens door to M&A after strong quarter

  • Strong trading gains, fees drive Q1 profit beat.
  • New CEO says to consider M&A to accelerate strategy.
  • Moving on from phase of 'cautious retrenchment'.
  • Reviving lending business, boost to revenues a priority.
  • To hold investor day in H2.
  • Trims FY revenue forecast, improves loan-loss outlook.
Published 06 May, 2021 08:43pm
European shares down
Markets

European shares down

AMSTERDAM/LONDON: European stocks ended a shade lower on Tuesday as optimism over strong British earnings was offset...
Published 28 Apr, 2021 03:18am
UBS rolls out bonus for young bankers facing pandemic pressures
Business & Finance

UBS rolls out bonus for young bankers facing pandemic pressures

  • "We know that maintaining your work-life balance is challenging given the demanding deal pipeline and existing remote working environment," Global Banking co-heads Ros Lesperance and Javier Oficialdegui wrote in a memo seen by Reuters and confirmed by UBS.
  • Mental health issues in investment banking have been exacerbated by the COVID-19 pandemic and banks have responded by rolling out additional help and measures for employees.
Published 22 Apr, 2021 08:39pm
New UniCredit chief sees technology at core of every decision
Business & Finance

New UniCredit chief sees technology at core of every decision

  • Orcel, former head of investment banking at UBS, started in his new role on Thursday, after narrowly overcoming an investor revolt over an up to 7.5 million euro ($9 million)pay package that makes him one of Europe's best-paid bank executives.
  • "Getting this right in a time frame that will have a material impact is critical to the success of our business, for the service that we provide for our clients and for our customers," he said.
Published 16 Apr, 2021 08:03pm
European stocks up
Markets

European stocks up

ROTTERDAM/LONDON: European stocks edged higher in a choppy session on Monday, weighed down by Credit Suisse shares,...
Published 30 Mar, 2021 05:45am
Macquarie prepares gas pipeline Open Grid Europe for sale
Business & Finance

Macquarie prepares gas pipeline Open Grid Europe for sale

  • Macquarie's European Infrastructure Fund 4 (MEIF4) is working with Macquarie Capital and UBS on the divestiture, the people said.
  • OGE was MEIF4's first investment, which was followed by acquisitions of gas grids in the Czech Republic and Italy, European wind farms and broadcasting towers as well as hydro power plants and utilities.
Published 24 Mar, 2021 06:50pm
JPMorgan's Southeast Asia M&A chief joining Barclays
Business & Finance

JPMorgan's Southeast Asia M&A chief joining Barclays

  • Singapore-based Tay, currently on gardening leave, has been with JPMorgan for a decade and previously worked in the M&A team at UBS in New York and at other firms including Standard Chartered.
  • At Barclays, senior banker Sandeep Pahwa who is vice chairman and head of Asia Pacific client coverage, will become chairman, while handing over the Southeast Asia responsibilities to Tay, one of the sources said.
Updated 16 Mar, 2021 10:01pm