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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ZURICH--(BUSINESS WIRE)--Regulatory News: UBS (NYSE:UBS) (SWX:UBSN): Key highlights 3Q24 PBT of USD 1.9bn and underlying1 PBT of USD 2.4bn demonstrating the strength of our client franchises, diversified business model and global scale; net profit of USD 1.4bn, RoCET1 of 7.6% and underlying RoCET1 of 9.4% Continued client momentum with USD 25bn of net new assets in Global Wealth Management, on track to deliver on our ambition of USD ~100bn in NNA for 2024; Group invested assets of USD 6.2trn, u.

UBS reports 3Q24 net profit of USD 1.4bn with 6.2trn in invested assets; delivering for clients, executing on integration at pace and investing for growth (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)

UBS gets its prior hold rating reaffirmed, as things are relatively smooth post-merger with Credit Suisse. The share price trades around a 10-year-high, above its 200-day SMA, and overvalued on P/E compared to peers, making it too expensive. Forward-looking growth indicators will come from fee-driven business segments, while a lower interest rate environment could reduce funding costs.

UBS: Post-Merger With Credit Suisse Smoothe As Swiss Chocolate, As Share Price Climbs

UBS Fund Management (Switzerland) AG now holds a 3% stake in Swiss National Bank , according to an October filing with the country's SIX stock exchange.

UBS fund management arm reports 3% stake in Swiss National Bank

The incipient migration of clients from Credit Suisse to UBS should take about another 18 months, UBS CEO Sergio Ermotti said on Thursday, as his bank presses on with the integration of its former rival.

UBS migration of Credit Suisse clients to take 18 months, CEO says

Switzerland is becoming less attractive to wealthy clients, with a decline in assets managed by the country's banks and financial advisers, according to a study published on Wednesday.

Swiss attract less foreign cash from rich clients as Credit Suisse crash weighs, survey says

The Financial Stability Board, an international body of global regulators, delved into the issues that brought about the collapse of Credit Suisse, the failure of SVB, Signature and First Republic, and the liquidation of Silvergate.

There's still a weak tail of banks prone to the runs that brought down SVB and Credit Suisse, regulators warn

MIAMI--(BUSINESS WIRE)--UBS Private Wealth Management today announced that John Hardin has joined the firm as a Financial Advisor in South Florida. He joins the UBS Miami Private Wealth Management market, led by Brad Rosenberg, and will be located in the Coral Gables office. John is joined by Senior Wealth Strategy Associate Katelyn O'Hara. John and Katelyn join Integra Partners, which is led by UBS Financial Advisors Vicente Del Rio, Brian Beraha and Horacio Aguirre. This Private Wealth team j.

Advisor John Hardin Joins UBS Private Wealth Management in Miami

SAN DIEGO--(BUSINESS WIRE)-- #AccesstoArt--UBS sponsors Art San Diego for 16th year; contemporary art fair to showcase philanthropic Access to Art, Nov. 1-3, at San Diego Convention Center.

UBS Celebrates 16th Year as Presenting Sponsor of Art San Diego and Continues Philanthropic Access to Art Program Benefitting Monarch School Students

Swiss financial market supervisory authority FINMA will require UBS to revise its recovery and emergency plans due to the bank's June 2023 takeover of Credit Suisse. The regulator has suspended the annual approval of UBS' recovery and emergency plans and expects the bank to further develop those plans, FINMA said in a Tuesday (Oct.

Swiss Authority Says UBS Must Revise Recovery and Emergency Plans

RIVERSIDE, Calif.--(BUSINESS WIRE)-- #BestAdvisorsSoCal--Jim Kosan, financial advisor for ultra high net worth clients, switches from Morgan Stanley to UBS, joins Riverside office. Pat Lizza welcomes him.

Financial Advisor James Kosan joins UBS in the Inland Empire

LOS ANGELES--(BUSINESS WIRE)--UBS Private Wealth Management announced today that Warren Coughlin, a Private Wealth Advisor in the firm's Los Angeles, California office, has been named to the Forbes Top Next-Gen Best-in-State Wealth Advisor list for 2024. This is Warren's third inclusion on the list. “Warren is among a select cohort of successful advisors that is transforming our industry and the way we serve clients,” said Lauren Gorsche, UBS Los Angeles Market Executive. “He has built a dynami.

UBS Financial Advisor Warren Coughlin Named to the Forbes Top Next-Gen Best-in-State Wealth Advisor List

UBS on Tuesday issued an unusual pairing, reducing its estimates for earnings growth while at the same time lifting its S&P 500 target for this year and next.

UBS has just lowered earnings estimates — and raised its S&P 500 target

Brussels, October 14, 2024, 17:45 CEST - Regulated information In line with Belgian transparency legislation (Law of May 2, 2007), UBS Group AG recently sent to Solvay the following transparency notifications indicating that they crossed different thresholds. Here is a summary: Date on which the threshold was crossed Voting rights after the transaction Equivalent financial instruments after the transaction Total after the transaction October 4, 2024 0.54% 4.72% 5.26% October 7, 2024 / / /   The latest notification, dated October 10, 2024, contains the following information: Reason for the notification:  Acquisition or disposal of voting securities or voting rights Downward crossing of the lowest threshold Notified by: A parent undertaking or a controlling person Date on which the threshold is crossed: October 7, 2024 Threshold of direct voting rights crossed: 3% downwards Denominator: 105,876,416  Additional information: The disclosure obligation arose due to the total indirect holdings of UBS Group AG in voting rights of Solvay SA, held directly by controlled undertakings falling below 3% on October 7, 2024.

Participation notification by UBS Group AG

UBS's integration of former rival Credit Suisse's clients and data with its own platforms is "bang on target" after a successful test run, its tech chief told Reuters.

UBS 'bang on target' with Credit Suisse integration, IT chief says

SAN DIEGO & NEWPORT BEACH, Calif. & PHOENIX & TUCSON, Ariz. & HONOLULU--(BUSINESS WIRE)-- #AaronRottenstein--Five UBS financial advisors based in Pacific Desert Market named to Forbes Top Next-Gen Wealth Advisors lists for 2024.

Five UBS Financial Advisors in the Pacific Desert Market Recognized by Forbes as Top Next-Gen Advisors

NEW YORK--(BUSINESS WIRE)--UBS Investment Bank today announced coupon payments for 11 ETRACS Exchange Traded Notes traded on the NYSE Arca and expected coupon payments for 3 ETRACS Exchange Traded Notes traded on NASDAQ (together, the “ETNs”). NYSE Ticker ETN Name and Prospectus Supplementa Coupon Valuation Date Ex-Date Record Date Payment Date Coupon Amount Payment Schedule Current Yield (annualized) MLPBb ETRACS Alerian MLP Infrastructure Index ETN Series B 9/30/2024 10/11/2024 10/11/2024 10/.

UBS Declares Coupon Payments on 14 ETRACS Exchange Traded Notes

MANCHESTER, N.H.--(BUSINESS WIRE)--UBS Wealth Management USA today announced that Financial Advisor Jared Berault has joined the firm in Manchester, New Hampshire. Jared is responsible for managing more than $400 million in client assets. He is joined by Client Associate Fred Kline. “For many years, Jared has been serving his clients with a deep level of knowledge and integrity, and I am thrilled to have him and Fred join our Manchester office,” said Patrick Henning, Manchester Market Director.

UBS Hires $400 Million Financial Advisor Team in Manchester, NH

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OpenAI said on Thursday it has established a new $4 billion credit facility with JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC, in addition to the $6.6 billion investment the AI startup unveiled on Wednesday.

OpenAI establishes $4 bln credit facility

LONDON--(BUSINESS WIRE)-- #AI--MetricStream, the global market leader in integrated risk management and Governance, Risk, and Compliance (GRC) solutions, announced today that Axel P. Lehmann, former Chairman of Credit Suisse, will be the keynote speaker at the GRC Summit 2024, taking place in London on November 6th and 7th. The event will bring together hundreds of industry leaders, as well as experts in risk, compliance, audit, cyber risk, information security, and GRC, to discuss the latest trends.

Axel P. Lehmann, Former Group Executive Board Member of UBS and Ex-Chairman of Credit Suisse, Announced as Keynote Speaker at MetricStream GRC Summit 2024 in London

UBS Group seeks to form a JV with India's 360 One WAM to expand its services to high-net-worth individuals and capitalize on the rapidly growing market.

UBS Mulls JV With India's 360 One WAM to Expand Wealth Management

UBS Chair Colm Kelleher warned on Sunday that the Swiss government's plans to strengthen capital requirements for big banks could damage the country's position as a financial centre.

UBS chair warns against big increase in capital requirements, newspaper reports

Swiss bank UBS is running around six months ahead of schedule in its cost savings efforts and its integration of Credit Suisse, CEO Sergio Ermotti said on Tuesday.

UBS ahead of schedule on cost savings, CEO says

Swiss financial market regulator FINMA ordered an audit into Credit Suisse's handling of events leading to its demise in 2023, when the bank was acquired by its longtime rival UBS , Swiss newspaper SonntagsZeitung reported on Sunday.

Swiss regulator investigating Credit Suisse's final months, report says

Nearly a quarter of Swiss industrial companies are unhappy with the service from UBS , notably in lending, since its 2023 Credit Suisse takeover, a survey found, in a blow to the bank's efforts to show it is not abusing its market dominance.

UBS industry customers increasingly critical, survey finds

UBS (UBS) reported earnings 30 days ago. What's next for the stock?

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