Paid articlePaywallSwitzerland: Finance Minister Karin Keller-Sutter insists on debt brake:
Switzerland only has 26 percent of its economic power in debt. Nevertheless ...
faz.net/aktuell/wirtschaft/schweiz-finanzministerin-karin-keller-sutter-pocht-auf-schuldenbremse-19764153.html
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Paid articlePaywall Interview with Swiss Finance Minister Karin Keller-Sutter: Switzerland only has 26 percent of its economic power in debt. Nevertheless, Finance Minister Karin ...
faz.net/aktuell/wirtschaft/schweizer-finanzministerin-karin-keller-sutter-im-interview-19764153.html
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UBS: Swiss banking giant apparently plans to cut another 10,000 jobs by 2027: According to media reports, UBS plans to cut around 10,000 jobs by 2027 ...
wiwo.de/unternehmen/banken/ubs-schweizer-grossbank-will-bis-2027-offenbar-weitere-10000-stellen-streichen/100181734.html
Paid articlePaywall Will UBS leave Switzerland?: UBS is discussing a move to the USA, while the Swiss government is planning strict banking regulations.
sueddeutsche.de/wirtschaft/ubs-schweiz-bankenregulierung-umzug-usa-li.3340295
UBS allegedly considering moving headquarters to the US: Rumours of UBS moving to the United States have resurfaced, just as the Swiss Senate is due to take up ...
swissinfo.ch/eng/workplace/ubs-allegedly-considering-moving-headquarters-to-the-us/90006046
Record profits at major Swiss bank UBS - | this is the reason: The Swiss bank UBS achieved a record net profit of 1.5 billion euros in the first quarter of 2025 ...
businessinsider.de/wirtschaft/rekordgewinne-bei-schweizer-grossbank-ubs-das-ist-der-grund/
Paid articlePaywall UBS CEO Sergio Ermotti could receive a salary of 20 million francs: Is UBS continuing to increase salaries and risk increasing pressure from politics and ...
tagesanzeiger.ch/ubs-chef-sergio-ermotti-koennte-20-millionen-franken-lohn-erhalten-637734551447
Paid articlePaywall UBS plans $3bn share buyback on stronger than expected results: Swiss bank reports fourth-quarter net profit of $770mn
ft.com/content/4475ca94-4ab7-4746-a245-08275dde7c2e
UBS releases ‘hundreds’ of staff in fresh wave of job cuts: Swiss bank UBS has begun a wave of job cuts in its home market Switzerland, with hundreds of ...
swissinfo.ch/eng/banking-fintech/ubs-releases-hundreds-of-staff-in-fresh-wave-of-job-cuts/88786662
Former Swiss finance minister warns about size of enlarged UBS, newspaper says: UBS could be seen as being too big for Switzerland following its takeover of ...
reuters.com/markets/europe/former-swiss-finance-minister-warns-about-size-enlarged-ubs-newspaper-says-2025-01-11/
Credit Suisse Nazi ties ‘ran deeper than thought’: media report: Credit Suisse is alleged to have withheld details of its historic links with World War II-era ...
swissinfo.ch/eng/banking-fintech/credit-suisse-nazi-ties-ran-deeper-than-thought-media-report/88674878
Swiss banking giant UBS beats forecasts with leap in profits: High profit and progress on the integrations of collapsed competitor Credit Suisse were the key ...
euronews.com/business/2024/10/30/swiss-banking-giant-ubs-beats-forecasts-with-leap-in-profits
UBS risks becoming a victim of its own success: Second-quarter net profit is twice what was expected in part thanks to the bank’s deft integration of Credit ...
ft.com/content/1e50d4fc-c959-4043-8ed4-adbb84933a82
Key FactsUBS Reports $1.1 Billion Net Profit for Q2
Aug 14, 2024 · Reading time: ~30 sec.
Summary created with AI assistance · Source: reuters.com
Summary created with AI assistance · Source: reuters.com
- UBS reported a net profit of $1.14 billion for Q2 2023, exceeding analysts' expectations of $528 million. This marks the first results following its merger with Credit Suisse, highlighting the bank's progress since the acquisition.
- The bank's total revenue reached $11.9 billion, surpassing the forecast of $11.6 billion. CEO Sergio Ermotti stated that the first-half results reflect the significant strides made in fulfilling commitments to stakeholders.
- UBS achieved an additional $0.9 billion in cost savings, reaching about 45% of its cumulative annual savings target. However, the bank noted a challenging macroeconomic environment marked by geopolitical tensions and the upcoming U.S. elections.
- In comparison, UBS reported nearly $29 billion in profit during Q2 2022, largely due to a one-off gain from the acquisition. Despite a significant increase in shares since acquiring Credit Suisse, the bank's stock has recently declined amid global market volatility.
UBS letter to CS customers: From now on your bank no longer exists, that's what we're here for - Zofinger Tagblatt
zofingertagblatt.ch/fusion-ubs-brief-an-cs-kunden-ab-sofort-existiert-ihre-bank-nicht-mehr-dafuer-sind-wir-jetzt-da/
How Credit Suisse evolved until its merger with UBS
reuters.com/markets/deals/how-credit-suisse-evolved-until-its-merger-with-ubs-2024-05-31/
Major Swiss banks: “The Credit Suisse case must not be repeated”: The Swiss government wants to tighten regulation and supervision of UBS. She also sets her ...
faz.net/aktuell/finanzen/finanzmarkt/schweizer-regierung-will-bankenregulierung-verschaerfen-19644800.html
Swiss minister criticises big bank bonuses as UBS set for stricter rules: Switzerland's finance minister took aim at bonus excesses and inflated salaries at ...
reuters.com/business/finance/swiss-minister-criticises-big-bank-bonuses-ubs-set-stricter-rules-2024-04-10/
Paid articlePaywall UBS will buy back $2 billion worth of stock over 2 years: The Swiss bank is looking to reduce its costs by $13 billion by the end of 2026
qz.com/ubs-share-buyback-2-billion-capital-reduction-1851380985
Financial Times: Karin Keller-Sutter is one of the most influential women of 2023
nzz.ch/schweiz/die-financial-times-kuert-karin-keller-sutter-zu-einer-der-einflussreichsten-frauen-2023-ld.1768405
Countdown to mega merger - how Credit Suisse wobbled and UBS rushed to rescue: UBS Group (UBSG.S) takeover of Credit Suisse (CSGN.S), arranged by the Swiss ...
reuters.com/markets/deals/countdown-mega-merger-how-credit-suisse-wobbled-ubs-rushed-rescue-2023-06-05/
UBS-Credit Suisse merger was ‘best solution’ says Finance Minister: The Credit Suisse takeover by bigger rival UBS, with guarantees from the federal government ...
swissinfo.ch/eng/business/ubs-credit-suisse-merger-was--best-solution--says-finance-minister/48391268
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