According to the news, UBS is considering cutting costs for the asset management department
UBS is considering plans to cut costs by hundreds of millions of dollars in its asset management department, people familiar with the matter said. UBS aims to cut costs by at least $300 million, including cutting back office workers from Credit Suisse. UBS is still weighing whether the larger wealth management business should absorb part of the asset management business. UBS did not comment on this issue.
Three UBS Financial Advisors in Arizona Named to Forbes Top Women Wealth Advisors Best-in-State List
UBS Wealth Management USA announced today that three financial advisors, Susan Bailey, Jennifer Loson Luckovich and Jennifer Pope, in the Scottsdale office of the firm's Pacific Desert Wealth Management Market have been
Market Chatter: UBS Considers Cutting Costs in Asset Management Division
UBS AG (UBS) is mulling plans to cut several hundred million dollars in costs in its asset management division, Reuters reported, citing people with knowledge of the discussions. (Market Chatter news
Credit Suisse Investment Bank CIO Marinela Tudoran to Depart -- Financial News
By Shruti Tripathi Chopra Of Financial News One of the most senior women in Wall Street technology is leaving Credit Suisse after nearly 30 years. New York-based Marinela Tudoran, Credit Suisse's i
Market Chatter: South Korea Threatens Fine on UBS Group's Credit Suisse, Other Banks Over Illegal Short Selling
South Korea's integrated financial regulator notified global investment banks, including UBS Group's (UBSG.SW) Credit Suisse of a potential monetary penalty for illegal short selling, South Korean dai
Credit Suisse May Face $36 Mln Fine Over S.Korea Short-selling, Says Chosun Ilbo
Captona and UBS Asset Management Close Joint Venture With Innovative Structure for 728MW/1.06GWh Battery Storage Portfolio
NEW YORK, May 1, 2024 /PRNewswire/ -- Today, Captona and UBS Asset Management's Real Estate & Private Markets business announce the closing of an investment in a portfolio of four utility-scale batte
Regulators say UBS (UBS.US) gained Swiss double-digit market share through the acquisition of Credit Suisse
According to the Swiss Competition Commission (ComCo), UBS Group (UBS.US) increased its share in some Swiss markets by double digits through the acquisition of Credit Suisse.
UBS Won Double Digit Market Shares in CS Takeover, Watchdog Says
UBS Group AG’s shares in certain markets in Switzerland increased by double digits through the takeover of Credit Suisse, the country’s competition regulator said.
UBS: Maintaining Pharmacovich's “neutral” rating, the target price was reduced to HK$40.1
UBS released a research report stating that it maintained the “neutral” rating of Yao Ming Kangde (02359) and lowered the 2024-2026 earnings forecast by 4%, 5% and 5% to $3.47, $3.73 and RMB 3.99, and the target price was lowered from HK$44 to HK$40.1 based on first-quarter performance. According to the report, the company's first-quarter performance was poor. Revenue fell 11% year on year to 7.98 billion yuan, lower than the bank's forecast of 8.83 billion yuan and the market's general forecast of 8.41 billion yuan; net profit fell 10.4% to 1.94 billion yuan.
UBS Group To Go Ex-Dividend On May 1st, 2024 With 0.7 USD Dividend Per Share
April 30th - $UBS Group(UBS.US)$ is trading ex-dividend on May 1st, 2024. Shareholders of record on May 2nd, 2024 will receive 0.7 USD dividend per share on May 3rd, 2024. The ex-dividend date is
Express News | NYSE Order Imbalance 141440.0 Shares on Buy Side
Cruise giant Viking raised IPO financing to $1.33 billion
International cruise giant Viking Holdings submitted the latest version of its IPO prospectus to the US Securities and Exchange Commission (SEC) today, raising the financing scale from the previous maximum of US$1.1 billion to US$1.33 billion. Viking Holdings submitted an IPO prospectus on April 5 and plans to be listed on the NYSE under the stock code “VIK”. Subsequently, Viking Holdings updated the prospectus documents several more times. According to previous documents, Viking Holdings plans to sell 11 million shares, while the shareholder plans to sell 33 million shares, for a total of 44 million shares. The issue price range is $21 to $25 per share, with a maximum financing of 1
BHP Adviser Canvassing Investor Views on Improved Anglo Bid, Sources Say
BHP Tells Investors Anglo Bid Is 'on Strategy', Stresses Discipline
UBS: Target price of HK$28.5 for China's Shenhua “neutral” rating
UBS released a research report stating that it gave China Shenhua (01088) a “neutral” rating. Shenhua's prospects and performance guidelines have not changed, and investors are still expected to respond positively to the company's first quarter results. Although the results for the first quarter of this year were mainly due to preferential tax rates, compared with other coal mining peers, I believe the market will be optimistic about the resilience of its profits. The target price is HK$28.5. According to the report, the company's performance for the first quarter of 2024 reached 29% of the market's consistent full-year forecast, while also reaching 31% of the bank's full-year profit forecast. Shenhua's profit for the first quarter beat expectations. The bank explained that it was mainly due to tax performance. At the same time there are
Dividend Roundup: MetLife, General Motors, Pfizer, Citigroup, and More
UBS: Target price for CNOOC's “buy” rating raised to HK$26.3
According to a research report released by UBS, the net profit of CNOOC (00883) increased 23.7% year on year and 51.6% quarterly to 39.7 billion yuan, higher than the market and the forecast. This was mainly due to the rapid increase in production during the period, the 6.2% increase in oil prices to 78.75 US dollars per barrel, and the appreciation of the US dollar exchange rate. The report raised CNOOC's 2024-2026 profit forecast by 2%, and the target price for H shares was raised from HK$26 to HK$26.3, with a “buy” rating. According to the report, CNOOC's production in the first quarter increased 9.9% year on year to 180.1 million barrels, and its domestic production in China increased 6.9%
10 Financials Stocks With Whale Alerts In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan
UBS: Reiterates Prada's “Buy” Rating Target Price Increase to HK$76.5
According to a research report released by UBS, Prada's (01913) net revenue for the first quarter increased 16.5% year over year, which is significantly higher than the 13% forecast of the market. Growth in major retail channels continued to accelerate to 17.9%, and the strong momentum is expected to continue into this month. The bank believes that the results have addressed investors' key concerns and limited the evidence supporting the bearish arguments. According to the bank, the first quarter showed the popularity of leading brands. The group's brand trend is moving in the right direction, and leather products are growing even more. The bank raised the Group's earnings per share estimate by about a single digit, reaffirming the “buy” rating, and the target price was raised from HK$74.5
No Data