UBS Financial News

26.09 / 10:25

COST UPS UBS UBS hires trading veteran for US execution hub

UBS Group AG hired longtime trading executive Brian Williamson as it seeks to expand its US execution hub, set up to help asset managers and hedge funds cut costs tied to running a trading desk.

26.09 / 07:27

COST UPS Solomonic UBS NOT Not much upside in splitting up Premier retailing empire: Barrenjoey

What would Solomon Lew’s retail empire, Premier Investments, be worth if its most lucrative assets were split up and spun out? That’s the question on the mind of shareholders ahead of the company’s results on Thursday.

25.09 / 11:45

Provident UBS President reports acquires NFP Acquires Divergent Wealth Advisors

In a move set to bolster its foothold in the West, NFP announced the acquisition of Divergent Wealth Advisors, LLC, based in South Jordan, Utah. The strategic acquisition expands NFP’s offerings in wealth management and retirement planning.

24.09 / 18:05

UPS Aviat Aware Airlines UBS Akasa Air plans to raise up to $400 mn

MUMBAI : Akasa Air, India’s newest airline, is considering raising as much as $400 million, valuing the carrier at $1 billion, two people familiar with the development said. However, this could lead to a dilution of the stake held by the family of late billionaire investor Rakesh Jhunjhunwala, they said. “The fundraising will be done in multiple tranches, with an increasing valuation of up to $1 billion from around $650 million now.

23.09 / 12:11

COST economy UBS gatherings AI fantasy fades as Wall Street reels from real-world rate jump

AI promise has masked a big threat in this era of Federal Reserve hawkishness: Real-world borrowing costs have jumped across Corporate America. Now Wall Street is fretting over the monetary danger in a week that Jerome Powell signaled his resolve once again to keep the policy stance tight — sparking a rout across Big Tech and beyond. His tool of choice to cool the still-hot US economy: Ensuring interest rates adjusted for inflation — seen as true cost of money for borrowers — stay elevated. Real yields, which touched decade-highs this week, need to stay meaningfully positive “for some time,” the Fed chief said at the policy gathering. It’s a chilling message for the top-heavy US equity market.

22.09 / 16:17

Ford Aware UBS pop reports Stocks making the biggest moves midday: Ford, Scholastic, Squarespace, Deere and more

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21.09 / 09:03

Provident BLOCK Platform UBS information prevention ACCC’s EastLink decision could crimp Transurban toll road growth

Incoming Transurban chief executive Michelle Jablko faces a more difficult task expanding the tollroad group after the competition watchdog blocked it from buying Melbourne’s EastLink motorway.

21.09 / 06:59

Citi UBS track Berry nice! Costa board set to sign Paine Schwartz’s lowered $3.20 bid

Australia’s largest fruit and vegetable processor is set to bid farewell to public life.

21.09 / 00:25

Extreme Remark UBS APRA sounds alarm on retail obsession with bank hybrids

The prudential regulator is worried the high ownership of bank hybrids by Australian retail investors means faith in the financial system could be undermined, rather than protected, in the event the securities are written down.

20.09 / 21:19

Provident Career UBS RBC reports UBS advisor managing $435M moves to RBC Wealth Management

RBC Wealth Management has recruited a financial advisor who oversaw $435 million in client assets at UBS,the firm announced Wednesday.

20.09 / 19:29

UPS BLOCK UBS performer stake Queensland Airports selldown swells to 74pc stake; TIF mulls clean out

The looming selldown at Queensland Airports Limited – which owns airports at Gold Coast, Townsville, Mount Isa and Longreach – is about to get much larger. Street Talk understands Macquarie’s The Infrastructure Fund is considering parting with its entire 40 per cent stake in the business instead of the 10 per cent it originally put up for sale.

20.09 / 12:17

COST Platform Software BMW UBS UBS meets with OEMs on European autos tour

UBS recently took a group of investors to meet with European automakers, suppliers, and experts. After conducting in-depth discussions, UBS views Mercedes' (ETR:MBGn) MMA and MB.EA, as well as BMW's (ETR:BMWG) Neue Klasse Platforms, as significant advancements in terms of efficiency, electrical/electronic architecture, software development, and cost-effectiveness.

20.09 / 01:49

UPS Telegram UBS Caseys Inside UBS is cutting researchers, including its own people

Did you work for the bank formerly known as Credit Suisse? Are you currently on secondment to (or even fully employed by) UBS? Your new job may be less secure than you think.

20.09 / 01:49

UPS BLOCK Telegram UBS UBS still hiring externally as Credit Suisse people find jobs elsewhere

UBS might have put more and more people Credit Suisse people on the chopping block, but that doesn’t mean there isn’t room for fresh faces in the right departments. New people are joining just fine.

20.09 / 01:49

COST UPS Racing Dreams UBS The expensive habit of UBS' top Hong Kong saleswoman

In the world of trading, if you're good enough, your employer will do whatever it takes to keep you. Sometimes 'whatever it takes' is funding one of the most expensive hobbies someone in finance is likely to have, Formula 4 racing. This is the case with Vivian Siu of UBS, who has tackled two male dominated industries with mixed levels of success.

19.09 / 14:47

Target Reuters Cooper SEC Remark UBS US authorities scrutinize if Credit Suisse mislead investors before rescue -filing

By Stefania Spezzati

19.09 / 13:43

COST Progressive Strategy UBS 2024 NOT UBS to set out US growth plan, but not until early 2024

UBS Group Chief Executive Sergio Ermotti said the bank will give investors an outline of its growth strategy early next year and signaled the direction of plans to grow in the U.S., as the lender progresses with the integration of Credit Suisse.

19.09 / 13:29

Citi Progressive Fighting UBS show Inside FOMC preview: Has the Fed done enough?

As Federal Reserve officials conclude their two-day meeting on Wednesday, it is widely anticipated that interest rates will remain unchanged.

19.09 / 10:03

UPS Reuters UBS show country Exclusive-UBS names South Korea, India, others as 'slow' on Credit Suisse approval

By Engen Tham and Selena Li

19.09 / 02:25

FIVE UBS show country advisers Crestone swoops on disheartened Escala advisers

Not all is well at Escala Partners, the wealth management outfit now partially owned by New York-listed Focus Financial Partners.

19.09 / 01:47

Citi CBDC Target Digital Citizens UBS Ruble Russian Central Bank: Digital Ruble ‘Doesn’t Use Biometric Data’

The Russian Central Bank says that its CBDC, the digital ruble, “has nothing to do with” state efforts to collect biometric data.

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