All the updated news related to ubs

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City

Stock markets rebound as Chancellor ‘stands ready’ after banking turmoil

Stocks have rebounded as the Chancellor said the UK Government “stands ready” to act if there is instability in the global markets as they adjust to a period of higher interest rates. It came as US Treasury Secretary Janet Yellen also signalled ...

21 Mar 2023 at 17:23

City

UBS chief sees pay packet jump 11% while bonus pool cut for bankers

The boss of Swiss banking giant UBS enjoyed an 11% boost in his total pay package to nearly £11 million last year, despite the bank reducing its bonus pool to share among staff. Ralph Hamers, the group’s chief executive, took home 12.2 million ...

06 Mar 2023 at 09:04

City

Airports set for bumper business rates amid £1.4bn tax rise

Airports, power stations and business headquarters are set to be hit hardest by property tax changes when new valuations come into force next week, according to research. Revenues from business rates – the property tax on commercial buildings ...

26 Mar 2023 at 23:01

City

Credit Suisse saw £55bn pulled from bank in lead-up to collapse

Credit Suisse has revealed it saw 61 billion Swiss francs (£55 billion) leave the bank in the first three months of the year as customers rushed to withdraw cash prior to its collapse. The Swiss financial giant suffered a significant “bank ...

24 Apr 2023 at 08:14

City

UBS makes bumper £23bn quarterly profit after historic Credit Suisse takeover

Swiss bank UBS has reported a bumper profit of 29 billion US dollars (£22.8 billion) in the latest quarter after taking over collapsed rival Credit Suisse earlier in the year and setting a massive cost savings target. The huge earnings ...

31 Aug 2023 at 10:10

City

End of the road for Credit Suisse as UBS completes historic merger

Swiss banking giant UBS has completed its takeover of Credit Suisse, marking the end of the road for the failed lender which has formally ceased to exist. UBS said on Friday that it had achieved a “significant milestone” in merging ...

31 May 2024 at 13:48

City

Credit Suisse boss to join UBS board after rescue takeover closes

UBS said the boss of Credit Suisse will join its board after it closes its rescue takeover of the Swiss banking rival. It is part of a major leadership reshuffle two months after the Government-led rescue takeover of Credit Suisse ...

09 May 2023 at 08:18

UK banks resilient despite uncertainty, but households remain ‘squeezed’

The UK’s major banks are “resilient” in the face of global turmoil, but households and businesses still face the risk of higher borrowing costs as a result, according to the Bank of England. The central bank’s Financial Policy ...

29 Mar 2023 at 13:03

City

Collapsed Silicon Valley Bank sold to US rival First Citizens

First Citizens Bank has bought all the loans and deposits of failed US bank Silicon Valley Bank (SVB) following a “competitive” bidding process, the lender has announced. The acquisition follows the collapse of SVB earlier ...

27 Mar 2023 at 09:39

City

UBS appoints former boss to lead ‘urgent and challenging’ Credit Suisse merger

Swiss bank UBS has reappointed its former boss to lead the takeover of Credit Suisse after it rescued the beleaguered rival lender. Sergio P. Ermotti will replace Ralph Hamers as group chief executive as the bank faces ...

29 Mar 2023 at 10:13

Banking giant UBS to buy Credit Suisse to rein in turmoil

World

Banking giant UBS to buy up troubled Credit Suisse to prevent it collapsing

Banking giant UBS is buying its smaller rival Credit Suisse for 3.2 billion dollars (£2.6 billion) in an effort to avoid further market-shaking turmoil in global banking, Swiss president Alain Berset announced on ...

19 Mar 2023 at 21:10

City

Global stocks rebound as US and UK governments reassure over stability

Global stock markets have rebounded after the US and UK governments made fresh assurances over the stability of the banking sector following a string of bank failures. US stock markets opened higher after ...

21 Mar 2023 at 14:55

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