UBS Financial News
25.03 / 19:37
Fighting
UBS
Reserve
Federal Reserve Faces Tough Decision on Rate Increase
Federal Reserve Chair Jerome Powell and his colleagues this week face one of their toughest calls in years: whether to raise interest rates again to fight stubbornly high inflation or take a timeout amid the most intense banking crisis since 2008.
25.03 / 16:33
Provident
Lowe's
UBS
Commerzbank
Bitcoin
Germany’s Deutsche Bank takes a dip while Bitcoin goes uphill
Deutsche Bank AG’s shares fell as much as 14% on 24 March, marking the bank’s third consecutive day of losses. Its stock dropped as low as €7.95.
24.03 / 17:35
UPS
UBS
Takeover
Some Credit Suisse bondholders see gains after UBS’ takeover despite $17bn AT1 wipeout
Not all Credit Suisse bondholders are nursing heavy losses – senior bondholders are counting the gains instead on the back of double-digit surges after the UBS takeover.
24.03 / 15:57
Citi
UBS
Trading Places: Credit Suisse departures start, Linklaters poaches from Latham, Citi’s shakeup
Credit Suisse's head of compliance for its UK and European investment bank is set to depart during a critical period for the Swiss lender as it prepares to complete its takeover by rival UBS. Mark Taylor, a financial crime specialist who joined Credit Suisse from Goldman Sachs in 2018, will leave the Swiss bank by June.
24.03 / 15:09
UPS
UBS
analysts
Deal
UBS’ investment bank could slump to $2bn loss after Credit Suisse deal, Jefferies’ analysts predict
UBS's investment bank could lose CHF1.8bn ($2bn) over the next two years as it swallows up Swiss rival Credit Suisse after an emergency tie-up pushed through by the Swiss government.
24.03 / 12:55
Fighting
UBS
Reserve
Federal Reserve Faces Tough Decision on Rate Increase
Federal Reserve Chair Jerome Powell and his colleagues this week face one of their toughest calls in years: whether to raise interest rates again to fight stubbornly high inflation or take a timeout amid the most intense banking crisis since 2008.
24.03 / 12:31
COST
UBS
Commerzbank
Deutsche Bank shares slide 9% after sudden spike in the cost of insuring against its default
Deutsche Bank shares fell by more than 9% in early trade on Friday following a spike in credit default swaps on Thursday night, as concerns about the stability of European banks persisted.
24.03 / 09:29
UPS
Provident
CEO
Action
UBS
SVB
Swiss
The Swiss claim the U.S. banking crisis ultimately toppled Credit Suisse. But are they right?
Following Credit Suisse's «emergency rescue» by rival UBS, Swiss authorities placed a heavy emphasis on the role of U.S. regional banking collapses in pushing the stricken Swiss lender to the brink.
23.03 / 19:35
UBS
The winners and losers from UBS and Credit Suisse’s investment bank tie-up
Credit Suisse dealmakers are bracing for deep cuts after its emergency sale to Swiss rival UBS for $3.2bn.
23.03 / 14:05
UPS
UBS
fall
Why Wall Street giants are likely to gain the most from Credit Suisse’s fall
To adapt Hemingway’s overused line on bankruptcy, consolidation in European investment banking happens in two ways: gradually, and then suddenly.
23.03 / 11:41
Provident
UBS
Swiss
Deal
Swiss regulator defends AT1 bond writedown in Credit Suisse-UBS deal
Swiss market regulator Finma has issued an explanation for its decision to wipe out $17bn in Credit Suisse AT1 bonds as part of the UBS rescue deal.
23.03 / 11:21
UPS
UBS
It Wasn’t Just Credit Suisse. Switzerland Itself Needed Rescuing.
ZURICH—The chairman of Switzerland’s largest bank received an urgent call last week. On the other end were three top Swiss officials who delivered an ultimatum dressed up as a proposal. UBS Group AG needed to rescue its failing rival, Credit Suisse Group AG.
23.03 / 11:01
23.03 / 10:39
UPS
UBS
Swiss
Lawyers
Lawyers eye claims against Swiss government after Credit Suisse bonds writedown
Lawyers are scrutinising statements made by Switzerland's financial regulator in the days leading up to the hastened merger between UBS and Credit Suisse, exploring whether investors could sue the country's government after $17bn worth of the bank's bonds were wiped out.
23.03 / 10:11
23.03 / 03:13
JPMorgan
BlackRock
UBS
Deal
UBS Asset Management faces ‘thorny legacy issues’ and culture headaches after Credit Suisse deal
Asset management M&A is complicated at the best of times. Last weekend’s shotgun wedding between UBS and Credit Suisse is no exception.
23.03 / 01:19
Fighting
UBS
Reserve
Federal Reserve Faces Tough Decision on Rate Increase
Federal Reserve Chair Jerome Powell and his colleagues this week face one of their toughest calls in years: whether to raise interest rates again to fight stubbornly high inflation or take a timeout amid the most intense banking crisis since 2008.
22.03 / 18:53
Citigroup
UBS
Citigroup names new co-heads of European M&A after Alison Harding-Jones departure
Citigroup has named senior dealmaking veterans to lead its M&A business in Europe, following the departure of former UBS banker Alison Harding-Jones in February.
22.03 / 15:23
COST
Provident
Action
UBS
businesses
Banks should report exposure to crypto-related businesses: Australia
The Australian Prudential Regulation Authority (APRA) has reportedly asked local banks to report on cryptocurrency transactions. This ruling occurred in the aftermath of Silicon Valley Bank’s (SVB) collapse.
22.03 / 13:05
Fighting
UBS
Reserve
Federal Reserve Faces Tough Decision on Rate Increase
Federal Reserve Chair Jerome Powell and his colleagues this week face one of their toughest calls in years: whether to raise interest rates again to fight stubbornly high inflation or take a timeout amid the most intense banking crisis since 2008.
22.03 / 11:01
UBS
reports
UBS starts talks to unwind CS First Boston spinoff — reports
Swiss lender UBS is looking to unwind a deal to sell off Credit Suisse's investment bank and has entered talks with dealmaker Michael Klein, the Financial Times reports, citing unnamed sources.
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