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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Advisors from Morgan Stanley, UBS, and Raymond James Join Forces to Create New Independent RIA: EverPar Advisors

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UBS is likely to cut 3,000 jobs in Switzerland for saving costs of $10 billion.

UBS to Cut 3,000 Jobs in Switzerland for $10B Cost Reduction

UBS (UBS) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

UBS (UBS) Moves to Strong Buy: Rationale Behind the Upgrade

LAS VEGAS--(BUSINESS WIRE)--UBS today announced that Jeremy Keller, a Managing Director and Private Wealth Advisor based in the firm's in Las Vegas, Nevada office, has been named to the Forbes America's Top Next-Gen Wealth Advisor list for 2023. Jeremy earned distinction as Nevada's #1 Top Next-Gen Advisor and #35 in the nation. “We are incredibly proud of the guidance and expertise that Jeremy brings to bear for his clients and their families,” said Weisner Perez, Las Vegas Market Director at.

UBS Advisor Jeremy Keller named to Forbes America's Top Next-Gen Wealth Advisor list

UBS completed one of the largest bank mergers in March when it rescued failed rival Credit Suisse. The bank posted a record $29 billion second quarter profit due to an accounting gain from the deal.

UBS made a $29 billion quarterly profit after rescuing Credit Suisse

UBS chief executive Sergio Ermotti addressed one of the major outstanding questions: how many of Credit Suisse's tens of thousands of employees would be retained.

UBS to slash 3K jobs despite posting $29B profit since Credit Suisse takeover

UBS (UBS) shares jumped more than 5% in early trading Thursday after the Swiss banking giant posted second-quarter earnings that blew past analysts' expectations after its acquisition of ailing rival Credit Suisse. The company also announced massive cost cutting plans, that may include laying off thousands of workers in Switzerland alone.

UBS Blows Past Profit Expectations After Buying Credit Suisse

UBS records increased revenues and expenses in the second quarter of 2023.

UBS Q2 Earnings Improve Y/Y on Higher Revenues, CS Buyout

UBS Group AG (NYSE: UBS) just reported strong results for the second quarter – the first one after its $3.2 billion acquisition of Credit Suisse.

UBS CEO talks Credit Suisse integration after a strong second quarter

UBS shares rallied to 15-year highs on the back of what analysts branded a "historic" earnings report, though Deutsche Bank said the lender may remain a "construction site" for some time.

A 'historic' result but still a 'construction site': Analysts react to blowout UBS earnings

UBS Group AG (NYSE:UBS ) Q2 2023 Earnings Conference Call August 31, 2023 2:30 AM ET Company Participants Sarah Mackey - Investor Relations Sergio Ermotti - Group Chief Executive Officer Todd Tuckner - Group Chief Financial Officer Conference Call Participants Jeremy Sigee - BNP Paribas Alastair Ryan - Bank of America Chris Hallam - Goldman Sachs Kian Abouhossein - JPMorgan Flora Bocahut - Jefferies Stefan Stalmann - Autonomous Research Anke Reingen - RBC Benjamin Goy - Deutsche Bank Amit Goel - Barclays Andrew Lim - Societe Generale Adam Terelak - Mediobanca Andrew Coombs - Citi Vishal Shah - Morgan Stanley Operator Ladies and gentlemen, good morning. Welcome to the UBS Second Quarter 2023 Results Presentation.

UBS Group AG (UBS) Q2 2023 Earnings Call Transcript

Not only has UBS notched a huge profit during the second quarter by buying its rival Swiss bank, but it looks like it will keep the best bits of it no matter what politicians say.

UBS Gets Everything It Wants From Credit Suisse

UBS Group AG (NYSE:UBS) plans to cut 3,000 jobs in Switzerland as part of a US$10 billion cost-cutting drive as it continues to bed in rival Credit Suisse. It would be next to impossible to extract savings from the takeover “without going through people and headcount,” chief executive officer Sergio Ermotti said in a Bloomberg TV interview.

UBS to axe 3,000 Swiss jobs as part of US$10 billion cost-cutting drive

The Swiss government expects no significant upheaval with regards to the labour market following the integration of Credit Suisse into UBS, Federal Councillor Guy Parmelin said on Thursday.

Swiss govt sees no major impact on labour market from Credit Suisse merger

UBS should have spun off Credit Suisse's Swiss business, proxy adviser Ethos said on Thursday, after Switzerland's No. 1 bank annnounced plans to fully integrate its former rival's home market business.

Proxy adviser Ethos: UBS should have spun off CS' Swiss business

Granted, it was more an accounting quirk rather than hard money entering its coffers, but UBS's $28.88 billion profit in the second quarter was one for the record books.

Here's where UBS's profit of $29 billion ranks

UBS is planning to cut 3,000 jobs in Switzerland after its shock takeover of rival Credit Suisse. The move comes as the financial giant targets nearly $10 billion in savings by 2026.

UBS to cut 3,000 jobs in Switzerland after Credit Suisse takeover

UBS on Thursday reported a huge profit bump in the second quarter from acquiring Credit Suisse, as the Swiss banking giant decided to integrate the local banking operation it had previously considered spinning off.

UBS reports $29 billion profit as it rules out domestic bank spinoff

Shares in UBS hit their highest level since October 2008 on Thursday, extending a strong run that has put the Swiss bank well ahead of its European rivals following the takeover in March of its struggling rival Credit Suisse.

Shares in Swiss bank UBS hit highest since late 2008

UBS expects around 1,000 jobs to go from integrating Credit Suisse's Swiss business, Credit Suisse (Schweiz), and an additional 2,000 redundancies in Switzerland over the next couple years, Chief Executive Sergio Ermotti said on Thursday.

UBS sees around 3,000 redundancies integrating Credit Suisse in Switzerland - CEO

UBS said Thursday that it expected to generate $10 billion in savings from a sweeping overhaul of the new global banking giant created by its emergency rescue of stricken rival Credit Suisse earlier this year.

UBS targets cost cuts of $10 billion as it absorbs Credit Suisse

UBS booked a record $29 billion net profit last quarter after it integrated Credit Suisse into its books.

UBS Begins Next Act in Credit Suisse Merger

Following are figures from UBS's second-quarter report, its first earnings announcement since taking over rival Credit Suisse.

News for UBS Group AG Stock (UBS)