UBS and Credit Suisse Might Merge as One Entity

Two Swiss banking giants, Credit Suisse and UBS, might see a possible merger as the chairmen of the banks are already considering to create a single European banking giant. Reported by Swiss news agency Insi...

Two New Partners Join SIX Stage Program

Swiss financial markets infrastructure operator SIX announced today that UBS, as a new research partner, and Finanz und Wirtschaft newspaper, as a new factsheet provider, have both joined the Swiss Stock Exch...

UBS Reports Weak Q3, Job Cuts Expected in Q4 2019

UBS has reported a week performance in its third-quarter this Tuesday, with the multinational bank recording a 16.3 percent drop in net profit when measured against the same period of the previous year. In p...

Cboe Partners with UBS to Open New FX Liquidity Channels

Cboe’s spot foreign exchange platform has signed UBS to act as a Central Credit Intermediary for eligible counterparties on Cboe FX. The Zurich-based bank will leverage Cboe’s existing pool of liquidity and b...

China Approves UBS to Control Its Securities Joint Venture

The China Banking and Insurance Regulatory Commission today approved plans by UBS Group AG to acquire a majority stake in its mainland securities venture, becoming the first global bank to take advantage of B...

UBS Wants More Clarity on Brexit Before Next March

At a financial news event in London, Swiss banking giant UBS head Andrea Orcel demanded clarity over the Brexit roadmap before March or “there will be a significant shift out of the UK”. Mr. Orcel added that...

UBS to Axe 100 Jobs Across its Wealth Management Unit

2016 has been characterized by a wave of job cuts at several leading lenders in Europe, with the epicenter of the trend being London. A combination of factors such as rising labor costs and lagging profits ha...