MARKET COMPOSITE
UBS - UBS Group AG8:00:02 PM 3/28/2024
Price
$30.72
-0.68 (-2.17%)
UBS Group AG is a holding company, which engages in the provision of financial management solutions. It operates through the following segments: Global Wealth Management;; Personal and Corporate Banking; Asset Management; Investment Bank, and Corporate Center. The Global Wealth Management segment advises and offers financial services to wealthy private clients except those served by Wealth Management Americas which include banking and lending, wealth planning, and investment management. The Personal and Corporate segment offers financial products and services to private, corporate, and institutional clients in Switzerland. The Asset Management segment consists of investment management products and services; platform solutions and advisory support to institutions; wholesale intermediaries, and wealth management clients. The Investment Bank segment comprises investment advice, financial solutions, and capital markets access among corporate, institutional, and wealth management clients. The Corporate Center segment is involved in the services, group asset and liability management and non-core and legacy portfolio. The company was founded on June 29, 1998 and is headquartered in Zurich, Switzerland.
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Stock news

    UBS gave Chief Executive Sergio Ermotti a $13.6 million bonus, hailing his "excellent performance in a defining year" for Switzerland’s largest bank by assets. Ermotti felt loyalty to UBS and a call of duty to Switzerland after it bought Credit Suisse, he said in a recent podcast with Nicolai Tangen, the head of Norway's sovereign wealth fund. Board members said he was key in reassuring clients, defusing risks, and stabilizing Credit Suisse, and praised his "vision, drive and ambition" for how...

    BIRMINGHAM, Mich., March 28, 2024--UBS Wealth Management USA today announced that a three-person team, The Bucher Group, has joined the firm in Birmingham, Michigan. The father-son team is led by Financial Advisor Matthew J. Bucher and includes Financial Advisor Matthew M. Bucher, as well as Client Service Associate Christina Lynn Propst. Together, they focus on providing tailored investment strategies and comprehensive wealth management advice for high-net-worth individuals and families.

    The executive has committed to staying on at the Swiss bank through the Credit Suisse integration "if not longer," UBS said Thursday in an annual report.

    Since Ermotti boomerang-ed back to UBS last year, the bank’s shares have surged 60%.

    Switzerland needs "strong financial sector reforms" in the wake of the state-engineered rescue takeover of Credit Suisse by UBS, the IMF said on Thursday, the latest international organisation to raise concerns about the mega-merger and its aftermath. "The state-facilitated acquisition of Credit Suisse by UBS has stabilised the financial markets, but the experience and prospects also call for strong financial sector reforms," the International Monetary Fund said after concluding its review of t...

    Switzerland needs "strong financial sector reforms" in the wake of the state engineered rescue takeover of Credit Suisse by UBS, the International Monetary Fund said on Thursday. "The state-facilitated acquisition of Credit Suisse by UBS has stabilised the financial markets, but the experience and prospects also call for strong financial sector reforms," the IMF said after concluding its review of the Swiss economy.

    The latest investor updates on stocks that are trending on Thursday.

    UBS said said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and potential needs for tighter regulation.

    UBS said it is still reviewing potential misstatements in Credit Suisse's financial reports and talks with regulators to address the issue are ongoing. The bank said on Thursday in its annual report that there is a risk that "a material error" may not be detected by UBS and could result in a material misstatement to Credit Suisse's reported financial results which are now merged with UBS's. In February, UBS said it was examining "material weaknesses" in Credit Suisse's internal controls for 20...

    ZURICH, March 28, 2024-- Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules