The move follows on the heels of the Swiss bank’s 2022 stock repurchase scheme, during which it bought back shares to the value of more than $5.2bn. The newly announced buy-back will total up to $2bn, of which UBS will reportedly spend $1bn this year. In its press statement, the financial institution noted: On 3…
Read more
The state engineered the Credit Suisse acquisition to prevent it from going under. With this takeover, UBS ended up with a balance sheet that exceeds $1.6tn, which is nearly double that of the Swiss economy. Since March 2023, when the intended takeover was announced, this financial giant’s shares jumped 50%. In an email statement sent…
Read more
Mike Dargan, UBS’s Global Head Group Technology said: UBS wants to further engage with and support fintech firms. The new venture investment portfolio is a next step to accelerate our innovation and digitization efforts. UBS’s new venture fund will invest in three main categories including client engagement, financing platforms and boosting underlying operations of the…
Read more
The UBS Group AG (VTX: UBSG) Board of Directors informed that it has approved the following changes to the Group Executive Board (GEB), the firm's most senior management body. Martin Blessing appointed President Wealth Management Axel P. Lehmann appointed President Personal & Corporate Banking and President UBS Switzerland Sabine Keller-Busse appointed Group Chief Operating Officer.…
Read more