UBS Group AG

Paineebber was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000.

PaineWebber

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, Non-Core and Legacy, and Group Items. The Global Wealth Management segment involves the provision of advice and solutions and offers investment management, estate planning and corporate finance, banking products and services. The Personal and Corporate segment focuses on offering retirement, financing, investments and strategic transactions through its branch network and digital channels. The Asset Management segment consists of capabilities and styles, and advisory support. The Investment Bank segment includes research, advisory services, facilitating clients raising debt and equity from the public, private, and capital markets, cash and derivatives trading. The Non-Core and Legacy segment refers to assets and liabilities prior to the acquisition. The Group Items segment consists of Technology, Corporate Services, Human Resources, Finance, Legal, Risk Control, Compliance, Regulatory and Governance, Communications and Branding, Group Sustainability and Impact, Chief Strategy Office, and Group Treasury. The company was founded on June 29, 1998 and is headquartered in Zurich, Switzerland.

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It would have made a pretax profit of $800 million without the cost of integration, but the loss came to $785 million in the quarter.

UBS Posts a Loss, But Don't Worry. Credit Suisse Is Still Deal of the Century.

Swiss banking group has cut 13,000 jobs this year as it recovers from rushed rescue deal

UBS reports $785m loss due to costs of Credit Suisse integration

UBS on Tuesday said it swung to a loss in the third quarter, after recording $2 billion worth of integration expenses from acquiring Credit Suisse.

UBS swings to $785 million loss, but hails $33 billion in new deposits

UBS on Tuesday reported a bigger-than-expected third-quarter net loss of $785 million as it works to integrate fallen rival Credit Suisse.

UBS posts bigger-than-expected quarterly loss as Credit Suisse integration costs pile up

It booked $2.1 billion in expenses for taking over Credit Suisse.

UBS reports Q3 loss amid integration expenses

UBS Group on Tuesday reported a loss of $785 million attributable to shareholders in the third quarter, higher than the expected loss of $444 million forecast by analysts in a company-provided poll.

UBS reports higher-than-forecast Q3 loss of $785 mln

ZURICH--(BUSINESS WIRE)--Regulatory News: UBS (NYSE:UBS) (SWX:UBSN): Key highlights Profit before tax USD (255m) driven by integration-related expenses; underlying1 PBT of USD 844m in the first full quarter since acquisition with positive operating leverage at the Group level and underlying PBT growth in GWM, P&C and AM compared to estimated underlying 2Q232 Net new money of USD 22bn in Global Wealth Management (GWM) driven by asset win-back, new clients and share-of-wallet gains; positive.

UBS reports strong flows, significant integration progress and accelerated wind-down of non-core assets in 3Q23 (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)

NEW YORK , Nov. 3, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of UBS Group AG ("UBS" or the "Company") (NYSE: UBS). Such investors are advised to contact Robert S.

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of UBS Group AG - UBS

Credit Suisse on Friday won a lawsuit at London's High Court over the sale of $100 million of notes linked to residential mortgage-backed securities.

Credit Suisse wins London lawsuit over RMBS-linked notes

ICICI Bank Ltd.

Mitsubishi UFJ Financial

Despite concerns related to higher restructuring costs, Zacks Foreign Bank industry stocks like Mitsubishi (MUFG), ICICI Bank (IBN) and UBS will benefit from higher rates.

3 Foreign Bank Stocks on the Radar Despite Industry Challenges

Analysts at UBS have reduced their forecast for lithium demand due to an anticipated slump in appetite for electric vehicles, according to a research note published on Wednesday.  In a report prepared by UBS Securities Australia, analysts lowered their growth expectations for lithium by between three and 12 percentage points through to 2030.

UBS slashes lithium demand forecast

SAN DIEGO--(BUSINESS WIRE)-- #AccesstoArt--Premier contemporary fine art fair in SoCal, Art San Diego, presented by UBS, returns to the San Diego Convention Center November 3-5, 2023. Join us.

UBS Celebrates 15th Year as Presenting Sponsor of Art San Diego

Europe's car sector is experiencing a significant shortening of order backlogs, signalling weakening steel demand by the end of the year and having implications for steel makers in Europe and platinum miners. Another risk is the growing cost advantage of Chinese EV producers, driven by their 25% lower production costs compared to traditional OEMs.

Growing Chinese EV dominance not good for platinum miners, suggests UBS

This week's giant US$137 billion stimulus from Beijing made barely a ripple in markets, but UBS sees it as one of several underappreciated factors that could boost Chinese stocks and global demand for the mining sector in the coming year. Mark Haefele, chief investment officer at the Swiss bank, suggests that the new round of fiscal stimulus, targeting primarily infrastructure and reconstruction, could significantly benefit both the Chinese economy and investor sentiment.

China stimulus should swing economic momentum more than market thinks - UBS

Credit Suisse

UBS is cutting nearly half of the staff it inherited from Credit Suisse in Spain in the latest restructuring since the bank took over its fallen Swiss rival earlier this year.

UBS to cut Credit Suisse investment bank staff in Spanish overhaul

NEW YORK--(BUSINESS WIRE)--UBS Private Wealth Management announced today that ViewPoint Partners, and Private Wealth Advisors Hillary Cullen, James Coan and Aileen Schruth in the firm's New York City office, has been named to the Barron's Top 100 Private Wealth Management Teams list for 2023. “It is extremely gratifying to see this team recognized among the nation's top advisors,” said Bob Sorrentino, Manhattan Market Director at UBS Private Wealth Management. “They have decades of experience s.

UBS Advisor Team ViewPoint Partners Named to Barron's Top 100 Private Wealth Management Teams List

The "bond vigilantes are coming back" as investors continue to sell amid the prospect of a growing fiscal deficit, according to UBS Asset Management's Kevin Zhao.

'The bond vigilante is coming back,' UBS strategist says

WASHINGTON--(BUSINESS WIRE)--UBS today announced that a four-person advisor team, The Charles Drew Group, has joined the firm in Washington, D.C. The team, which manages $460 million in client assets, is led by Managing Director and Financial Advisor Charles Drew, and also includes Financial Advisors Bennett Kavlick, Matthew Tomczuk and Client Service Associate Justin Hatch. The team will be based at the firm's Washington, D.C. office at 1501 K Street NW, which is part of UBS's Philadelphia D.C.

UBS Hires Advisor Team of Four in Washington, D.C.

Jefferies Financial Group Inc

Italy's Treasury said on Friday it had picked UBS , Jefferies and Clifford Chance as financial and legal advisers for the privatisation of bailed-out bank Monte dei Paschi di Siena (MPS).

Italy picks UBS, Jefferies, Clifford Chance for MPS privatisation

NEW YORK--(BUSINESS WIRE)--UBS today announced that Patrick K. McBrien has joined the firm as a Managing Director and Private Wealth Advisor in New York City. He is joined by Senior Wealth Strategy Associate William Hand and Senior Client Associate Avery Melville. They join the UBS Manhattan Market, led by Chris DiMuria, and will be based in the New York Private Wealth Management office located at 299 Park Ave, managed by Chris Amo and Bob Sorrentino. “On behalf of UBS, we're pleased to welcome.

Patrick K. McBrien joins UBS Private Wealth Management in New York City

UBS on Friday said it will overhaul the board of its domestic Swiss business following its takeover of Credit Suisse.

UBS overhauls board of domestic business after Credit Suisse takeover

A Russian appeals court has imposed interim measures against Credit Suisse and ruled that funds totalling $20.9 million held by the Swiss bank in Russia may be seized, court filings published on Thursday showed.

Russian court rules that $20.9 mln in Credit Suisse assets may be seized

BELLEVUE, Wash.--(BUSINESS WIRE)--UBS Private Wealth Management announced today that Mandy Ho has joined the firm in Bellevue, WA. She joins The Matthews Group at UBS, a 19-person, highly experienced team with a practice based on serving clients with dedication and excellence, as a Relationship Manager. In her new role, Mandy will work closely with ultra-high net worth clients in managing their investments and providing strategic planning advice. “We're thrilled to welcome Mandy to UBS,” said T.

Mandy Ho Joins UBS Private Wealth Management in Bellevue, WA

WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--UBS Wealth Management USA announced today that Financial Advisors Timothy McNutt and Narayan Pallavur have joined the firm's Westlake Village, California office. Combined, the two advisors manage over $420 million in client assets for high-net-worth individuals, business owners and multi-generational families. “We are thrilled to welcome Timothy and Narayan to UBS. Their experience and commitment to clients make them great additions to our team,” said.

Timothy McNutt and Narayan Pallavur Join UBS Wealth Management in Westlake Village, California

TAMPA, Fla. , Oct. 16, 2023 /PRNewswire/ -- UBS Wealth Management USA announced today that 12 of the firm's Florida-based financial advisors have been named to the Forbes Top Next-Gen Wealth Advisors Best-In-State list for 2023.

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