UBS to launch new share buyback as Credit Suisse deal continues to pay off Banking Swiss banking giant UBS has promised to launch a new share buyback programme of up to $2bn, after suspending its previous plan last year following its acquisition of former rival Credit Suisse.
UBS seals deal to sell $8bn in loans to Apollo as it presses on with Credit Suisse integration Banking UBS and private equity giant Apollo Global Management have finalised a deal to sell $8bn worth of Credit Suisse's securitised products as the bank winds down non-core businesses of its former rival after acquiring it last year.
UBS reinstates dividend and plans share buyback despite second consecutive quarterly loss Banking UBS has announced that it will resume share buybacks in the second half of this year and plans to award shareholders up to $1bn (£797m) as it integrates fallen rival Credit Suisse.
UBS chair says 2024 will be key year for Credit Suisse merger, flags ‘sticky costs’ November 28, 2023 UBS swung to a larger-than-expected loss of $785m (£637m) earlier this month in its first full quarterly results since acquiring troubled Credit Suisse.
What are AT1 bonds and why has UBS started selling them? November 8, 2023 AT1s were designed in part to make it less likely that the taxpayer would have to bail out a failing bank
UBS says not aware of Department of Justice probe into sanctions-related compliance failures September 30, 2023 UBS said on Saturday it was not aware of a probe by the U.S. Department of Justice into alleged sanctions-related compliance failures, after a media report earlier this week.
Credit Suisse warns of $2.2bn loss in third quarter as thousands of staff exit bank September 29, 2023 Credit Suisse has warned that it may face a $2.2bn loss in the third quarter as it attempts to deal with legacy loans and problematic parts of its business.
UBS shares slip after report of US sanctions probe into Credit Suisse September 27, 2023 Shares in UBS slipped today after a report suggested that Credit Suisse is at the centre of a US probe into potential sanctions breaches.
Mozambique president has immunity in London ‘tuna bond’ case, court rules September 4, 2023 Mozambican President Filipe Nyusi cannot be sued in Britain over allegations he accepted unlawful payments in the country's lawsuit against Credit Suisse.
Credit Suisse takeover helps UBS to huge profit of £23bn as integration begins August 31, 2023 UBS reported a pretax profit of £22.8bn ($29.2bn) thanks to its takeover of long time rival Credit Suisse, as it confirmed it will controversially integrate the bank’s domestic lending. UBS’s pretax profit soared to $29.2bn, with the vast majority of this comprising a ‘negative goodwill’ of $28.9bn. ‘ Negative goodwill’ reflects the difference between the [...]