UBS Buyback Plans Fail to Cheer Investors Awaiting Capital Rule
UBS Group AG shares slumped on Tuesday, signaling that uncertainty over an upcoming government decision on capital requirements is overshadowing the bank’s progress in integrating Credit Suisse.
UBS trounces profit forecasts, $3 billion share buyback conditional on capital rules
UBS Group posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to $3 billion in shares this year if there were no major changes to bank capital rules in Switzerland in the near term.
Swiss giant UBS posts $770 million in net profit, launches $1 billion share buyback in first half
Swiss banking giant UBS on Tuesday posted $770 million in fourth-quarter net profit, compared with a mean forecast of $886.4 million in a LSEG poll of analysts and with a $483 million estimate in a company-provided estimate.
UBS Aims to Boost Buybacks as Net Profit Beats Expectations
The group said net profit for the quarter was $770 million compared with a loss of $279 million in the year-earlier period, when its results were hit by costs related to the integration of Credit Suisse.
UBS plans $3bn share buyback on stronger than expected results
UBS blew past expectations during the fourth quarter with $770mn in net profit, boosted by a strong performance at its investment bank, and announced $3bn in share buybacks on Tuesday. Quarterly profit was significantly higher than analysts’ forecasts of $483mn,
UBS Has Cut 10,000 Jobs Since Historic Credit Suisse Takeover
UBS Group AG has cut more than 10,000 roles since it bought Credit Suisse, marking a milestone in the lender’s efforts to ...
UBS says Credit Suisse integration to practically complete next year
UBS, Switzerland's largest bank, announced Tuesday it is on schedule with its 2024 targets for integrating Credit Suisse. The ...
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UBS Stock: Q4 Profit Soars with Credit Suisse Integration
UBS has demonstrated remarkable financial resilience in the fourth quarter of 2024, posting a net profit of $770 million, ...
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Credit Suisse fines from Mozambique scandal to fund victims’ compensation
The US Securities and Exchange Commission (SEC) is directing the fines imposed on Credit Suisse, related to the Mozambique scandal, into a fund. The fund, which amounts to around $105.5 million (CHF96 ...
JPMorgan eyes space at former Credit Suisse tower in Canary Wharf, source says
JPMorgan is in talks to take overflow office space in Credit Suisse's empty former offices in Canary Wharf, a source familiar ...
JPMorgan in Talks to Rent Credit Suisse’s Former Canary Wharf HQ
JPMorgan Chase & Co. is in negotiations to lease space at the Canary Wharf office that once housed Credit Suisse’s UK ...
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UBS Posts $5.1 Billion Profit as Credit Suisse Integration Accelerates
The Swiss banking giant closed 2024 with strong earnings, driven by asset inflows and investment banking gains. The Credit ...
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UBS has cut 10,000 jobs since Credit Suisse takeover in 2023
UBS Group has cut more than 10,000 roles since it bought Credit Suisse, marking a milestone in the lender’s efforts to ...