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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UBS will also set aside $4 billion for legal expenses from the deal.

UBS Is Biggest Winner From Banking Turmoil With $35 Billion Gain

Credit Suisse

UBS said it didn't want to acquire its rival and its inability to do thorough due diligence means it's possible it “agreed to a rescue that is considerably more difficult and risky than it had contemplated.”

UBS Braces To Lose Billions After Rushed Credit Suisse Rescue

UBS estimates a financial hit of around $17 billion from its emergency takeover of Credit Suisse, according to a regulatory filing.

UBS expects $17 billion hit from Credit Suisse rescue, flags hasty due diligence

The Swiss bank released new details about the acquisition's likely impact on its balance sheet.

UBS Plans for $4 Billion Legal Hit From Credit Suisse Deal

UBS Group AG was rushed into buying cross-town rival Credit Suisse Group AG in a deal it did not want, as a global bank crisis worsened the latter's finances and prompted authorities to take swift action, a regulatory filing showed.

UBS says it was rushed into unwanted Credit Suisse rescue merger

Swiss bank UBS Group AG said on Tuesday it estimated a "negative goodwill" of $34.8 billion from its acquisition of Credit Suisse.

UBS estimates $34.8 bln of 'negative goodwill' from Credit Suisse buy -filing

ZURICH--(BUSINESS WIRE)--Regulatory News: Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules In connection with the planned acquisition of Credit Suisse, UBS Group AG (NYSE:UBS) (SWX:UBSN) has filed a registration statement on Form F-4 with the US Securities and Exchange Commission (SEC) covering the UBS Group AG shares to be issued to Credit Suisse Group AG shareholders in the acquisition. UBS filed today Amendment 1 to the registration statement, which inc.

UBS filed an amended Form F-4 registration statement with the SEC, including pro forma financial information

EU antitrust regulators are expected to give unconditional clearance to UBS' planned takeover of struggling fellow Swiss bank Credit Suisse following the end of its preliminary review, people familiar with the matter said on Tuesday.

Exclusive: EU antitrust regulators to okay UBS, Credit Suisse deal, sources say

Barclays

At least seven top Barclays Plc bankers have resigned to join to UBS Group AG in the United States in the last few days, people familiar with the matter said.

Exclusive: Top Barclays M&A bankers decamp for UBS-sources

KNOXVILLE, Tenn.--(BUSINESS WIRE)--UBS Wealth Management USA announced today that Financial Advisor Daniel P. Green, based in the firm's Knoxville, Tennessee office, has been named to the Forbes Best-In-State Wealth Advisors list for 2023. This is the third consecutive year that Daniel has been named to the list. “We are very proud to once again see Daniel recognized for his achievements and commitment to helping clients achieve their financial goals,” said Chris Cannon, Knoxville Market Direct.

UBS advisor Daniel Green named to Forbes Best-In-State Wealth Advisors list

SAN JOSE, Calif.--(BUSINESS WIRE)--UBS Private Wealth Management today announced that O'Connor & Associates, led by Private Wealth Advisor Ting O'Connor, has joined the firm in San Jose, CA. The team also includes Senior Wealth Strategy Associate Jenny Brummer and Client Service Associate Erica Soriano. Ting, Jenny and Erica join the UBS San Francisco Private Wealth Management Market, managed by Todd Locicero, and will be located in the San Jose office, reporting to Emily de la Reguera. Lat.

Private Wealth Advisor Ting O'Connor Joins UBS in San Jose, CA

DENVER--(BUSINESS WIRE)--UBS announced today that Jonathan Beukelman, a Private Wealth Advisor in the firm's Denver, Colorado office, has been named to the Barron's Top 1200 Financial Advisors list for 2023. This is the tenth consecutive year that Jonathan has been named to the list. “We are proud to once again see Jonathan acknowledged for his long-standing dedication to providing clients with exceptional financial advice and personalized service,” said Michael Gatewood, Managing Director, Chi.

UBS Private Wealth Advisor Jonathan Beukelman named to the Barron's Top 1200 Financial Advisors list

First Citizens BancShares

JPMorgan Chase & Co

SPDR S&P Regional Banking ETF

New York Community Bancorp

Toronto-Dominion Bank

Comerica

First Horizon National

KeyCorp

PacWest Bancorp

Western Alliance Bancorporation

Zions Bancorp

Regional banks remain under pressure 10 weeks after the start of the bank crisis. Regulators, JPMorgan's Jamie Dimon aim at short sellers.

Banks: 10 Weeks Into The Bank Wreck. Where Do We Stand?

Collapsed Swiss bank Credit Suisse Group AG (NYSE:CS) is no longer seeing outflows, Sergio Ermotti, the chief executive officer at its new owner  UBS Group AG (NYSE:UBS), has confirmed. The newly appointed boss said that while the situation had stabilised, there was still a necessity to launch an investigation into how and why Credit Suisse faltered.

Credit Suisse outflows stemmed, job cuts coming, UBS boss confirms

UBS Chief Executive Sergio Ermotti said on Friday that the situation at Credit Suisse has stabilized and he did not think outflows at the embattled bank were continuing.

UBS CEO Ermotti: Credit Suisse no longer seeing outflows, situation has stabilised

UBS Group AG has prioritised integrating Credit Suisse's investment bank and accelerating cost-cutting, the Financial Times reported on Friday, citing people involved in the planning.

UBS prioritises Credit Suisse investment bank integration, cost cuts- FT

UBS could have to lure investors with significantly higher yields when it next sells Additional Tier 1 bonds, paying what analysts say could be a punitive price for a Swiss decision to wipe out Credit Suisse AT1s under their shotgun merger.

UBS's future AT1 bond sales could come at a big cost

Direct Line's results update contained little to suggest trading is going to get easier over the next twelve months, according to UBS. Takeaways from the numbers were that motor damage claims inflation continues to be a problem, solvency was weaker than UBS forecasts though broadly unchanged from the year-end and motor premiums went up 19% year-on-year.

Direct Line facing more bumps ahead predicts UBS

UBS Group said on Tuesday that Credit Suisse CEO Ulrich Körner will stay on after the takeover of its Swiss rival as part of a new leadership team of the combined group.

Credit Suisse CEO Ulrich Körner to join UBS board

The Swiss banking giant said it is evaluating all options for Credit Suisse's Swiss business, which some politicians in the country want to be spun off into a separate unit or divested.

UBS Refreshes Management Team to Integrate Credit Suisse

UBS Group on Tuesday outlined its new operating model and leadership team as it said that it anticipates its acquisition of Credit Suisse Group will close in the next few weeks.

UBS outlines new leadership team as it says Credit Suisse deal will close in coming weeks

UBS on Tuesday announced that Credit Suisse CEO Ulrich Koerner will join the executive board of the new joint entity once its emergency purchase of the stricken bank completes.

UBS announces Credit Suisse CEO Koerner to join board after emergency rescue

UBS Group said on Tuesday Credit Suisse CEO Ulrich Koerner will join the executive board of the combined bank once it closes its takeover of its Swiss rival while Todd Tuckner will replace Sarah Youngwood as chief financial officer.

UBS says Credit Suisse CEO Koerner to join leadership of combined group

NEW YORK--(BUSINESS WIRE)--UBS AG announced today that it will redeem all of the outstanding securities in the UBS-issued ETRACS NYSE® Pickens Core Midstream™ Index ETN due August 20, 2048 (the “ETNs”), as set forth in the following table. UBS AG expects to deliver redemption notices with respect to the ETNs to holders of the applicable ETNs with Call Settlement Dates as set forth in the table below. Table-1 ETN Ticker ETN Name and Prospectus Supplement [1] CUSIP Call Settlement Date PYPE ETRAC.

UBS Announces Redemption of the ETRACS NYSE® Pickens Core Midstream™ Index ETN

ROCHESTER, N.Y.--(BUSINESS WIRE)--UBS Wealth Management USA announced today that Bill Schoff, a Financial Advisor in the firm's Rochester, New York office, has been named to both the Barron's Top 1200 Financial Advisors list and the Forbes Best-In-State Wealth Advisors list for 2023. “We are extremely proud that Bill has been recognized on these prestigious lists," said Ben Tarantino, Branch Manager of the Rochester office at UBS Wealth Management USA. "Bill has achieved an extraordinary level.

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