UBS Financial News
08.08 / 04:53
07.08 / 19:21
UPS
Pool
UBS
Allens looks within to promote Vijay Cugati to head of M&A
Top-tier law firm Allens has tapped its internal talent pool to anoint a new head of M&A and capital markets.
07.08 / 18:47
Provident
Reuters
UBS
Credit Suisse to cut 80% of Hong Kong investment bank jobs: Report
Credit Suisse in Hong Kong is likely to be laid off this week, as part of the bank's integration with UBS Group, Reuters reported on Monday. Only 20 bankers out of the 100-strong investment banking team will be spared from the cuts, the Reuters report said, citing sources familiar with the matter. Hong Kong houses the largest share of Credit Suisse's investment bankers in Asia.
07.08 / 16:17
Booking
Waters
HSBC
UBS
star
The UBS-Credit Suisse union has unsettled private banking
Credit Suisse Group’s crown jewel is its wealth management business in Asia, judging by the tremendous personnel effort its acquirer is making. UBS Group plans to retain most of Credit Suisse’s relationship managers in the region, while cutting more than half of its smaller rival’s 45,000-strong workforce worldwide. Bonuses are being dangled for private bankers with growing client books.
07.08 / 15:55
07.08 / 14:59
UPS
Reuters
UBS
show
UBS rejigs investment bank in bid to better compete with Wall Street
LONDON (Reuters) — UBS announced an overhaul of its investment banking division on Monday, including naming the unit's M&A chiefs, marking a key step in integrating Credit Suisse.
07.08 / 14:21
UBS
veteran
Financial
Wells Fargo hires Credit Suisse veteran as head of financial sponsors
(Reuters) — U.S. bank Wells Fargo (NYSE:WFC) said on Monday Malcolm Price has joined its corporate and investment bank (CIB) as the head of financial sponsors, after 35 years at Credit Suisse.
07.08 / 13:23
07.08 / 12:59
07.08 / 12:59
UPS
Lowe's
Target
UBS
Wayfair multiple doesn't price in set-up, market will be surprised by profit upside - UBS
UBS shifted its rating for Wayfair (NYSE:W) to Buy from Neutral, raising the price target to $110 from $72 in a note to clients Monday.
07.08 / 12:47
07.08 / 11:47
UBS
People moves
Wealth Management
expansion
Mirabaud hires wealth manager duo from UBS for UK expansion
Liam Jones (left) and Joe Knight (right) recently joined Mirabaud from UBS.
07.08 / 11:19
07.08 / 09:29
UPS
Airlines
UBS
Beyond the tech hype, how healthy is American business?
investors a fillip. This year the S&P 500 index of big American firms is up by nearly a fifth. Markets are especially bullish about a handful of tech firms and carmakers.
07.08 / 07:59
COST
UBS
European stocks slip as investors await key inflation readings
European stocks slipped on Monday as investors assessed the likely impact of a mixed U.S. jobs report on the Federal Reserve's future policy moves, while awaiting key inflation figures from across the globe this week.
07.08 / 00:07
Ball
UBS
performer
TPG Capital plays hard ball with InvoCare’s board to lower bid
Private equity firm TPG Capital has fired a warning shot at InvoCare, telling the board over the weekend it is ready to walk unless the two camps can agree to a deal at a lower price.
06.08 / 10:11
COST
UPS
Target
CEO
Enterprise
UBS
Time
Domino’s: is it time to reorder fallen pizza maker?
Let’s face it – investing in retail now is as contrarian as it gets. Domino’s Pizza Enterprises, the master franchisee for Domino’s in Australia and New Zealand, has been out of favour with investors for some time.
05.08 / 03:45
Target
Reuters
CEO
Software
UBS
Inside
UBS nears major investment bank restructuring -sources
UBS Group AG is poised to make sweeping changes to the senior ranks of its investment banking division globally as soon as Monday, marking a new milestone in the process of integrating Credit Suisse, people familiar with the matter said. The changes are aimed at producing unified teams following the completion of UBS's emergency takeover in June of Credit Suisse. The changes are broad and involve several dealmaking groups, including healthcare, consumer/retail, financial sponsors and equity capital markets, the sources said.
05.08 / 03:19
UPS
Reuters
UBS
UBS set to shake up investment banking management: Reuters
UBS is set to make management changes to its investment banking division as soon as Monday, with several senior bankers in talks to leave, Reuters reported, citing people familiar with the matter.
05.08 / 02:43
Reuters
UBS
UBS-Credit Suisse merger: UBS Group AG to make major investment bank restructuring, report
In a bid to produce a unified teams post Credit Suisse takeover, UBS Group AG is poised to make significant changes to the senior ranks of its investment banking division globally as soon as Monday, reported Reuters. The process will mark a new milestone in the process of Credit Suisse-UBS integration, reported the news agency citing people familiar with the matter.
04.08 / 13:33
COST
UPS
UBS
show
Simon Property slashes annual net income forecast (Aug. 2)
(This Aug. 2 story has been corrected say the company cut annual forecast for net income attributable to shareholders, not profit, and removes the reason for it in the headline and paragraph 1)
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