Credit Suisse-UBS merger: Withers preps Hong Kong arbitration claim against Switzerland May 14, 2024 Law firm Withers is prepping an international arbitration against the Swiss government for its role in the merger of Credit Suisse and UBS
UBS sails past earnings estimates as it aims to draw a line under Credit Suisse deal May 7, 2024 Swiss banking giant UBS has returned to profit after two straight quarterly losses, driven by its wealth management and investment banking divisions, as it continues to integrate former domestic rival Credit Suisse.
Are UK markets ready to bounce back? UBS says yes May 6, 2024 The UK market has been unloved for some time, but this might be about to change, as UBS has radically shifted its ratings for UK equities.
UBS to launch new share buyback as Credit Suisse deal continues to pay off April 2, 2024 Swiss banking giant UBS has promised to launch a new share buyback programme of up to $2bn, after suspending its previous plan last year following its acquisition of former rival Credit Suisse.
UBS seals deal to sell $8bn in loans to Apollo as it presses on with Credit Suisse integration March 27, 2024 UBS and private equity giant Apollo Global Management have finalised a deal to sell $8bn worth of Credit Suisse's securitised products as the bank winds down non-core businesses of its former rival after acquiring it last year.
Clyde and Co preps arbitration claims against Switzerland for Credit Suisse bondholders March 25, 2024 Now, one year on, Clyde and Co is set to get in on the action. It has laid out plans to hold the Swiss state "accountable for breaching its international investment agreements" after it wrote the bonds down to zero.
One year on from Credit Suisse deal, $100bn UBS finally has the scale to take on Wall Street March 19, 2024 Swiss banking giant UBS has reinforced its status as one of the world's leading wealth managers after its market capitalisation sailed past $100bn shortly before the first anniversary of its landmark deal to acquire rival Credit Suisse.
UBS embarks on its £11m legal fight against director of collapsed commodities trader March 12, 2024 UBS Switzerland’s £11m lawsuit against the director of a collapsed London-based commodities trader goes to trial. Anil Kumar was the director of London-based Vincom Commodities, a company that was placed into compulsory liquidation on 24 January 2018. The Swiss bank alleges that Kumar acted in breach of duty to Vincom by allowing it to enter [...]
UBS reinstates dividend and plans share buyback despite second consecutive quarterly loss February 6, 2024 UBS has announced that it will resume share buybacks in the second half of this year and plans to award shareholders up to $1bn (£797m) as it integrates fallen rival Credit Suisse.
Week ahead: BP’s strategy under new chief, UBS’ Credit Suisse integration update February 4, 2024 Markets are bracing for full-year results from BP and UBS this week, while several regions will release data on the performance of the services sector.