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.
Week ahead: BP’s strategy under new chief, UBS’ Credit Suisse integration update Week ahead Markets are bracing for full-year results from BP and UBS this week, while several regions will release data on the performance of the services sector.
Santander, Deutsche and UBS: European banks’ earnings set to be challenged by interest rate peak Banking Investors will be looking at how some of Europe's biggest banks grapple with a likely peak in interest rates and an uncertain economic picture when they report full-year results this week.
UBS shares jump after Cevian bets £1bn on Credit Suisse merger success December 19, 2023 Cevian Capital, Europe’s largest activist investor, has taken a €1.2bn (£1bn) stake in UBS in a bet that the lender will double its share price after taking over 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 swings to bigger-than-expected £637m loss after costly Credit Suisse integration November 7, 2023 The Switzerland-based bank posted a net loss of $785m £637m) in the third quarter, significantly higher than the $444m analysts polled by Reuters had forecast.
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.