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-- A former UBS Group AG vice chair joined other Wall Street figures, clergy and an ex-NFL linebacker in backing leniency for Archegos Capital Management founder Bill Hwang, who faces sentencing next week for fraud and market manipulation. Bob Foresman, a senior investment banker at UBS from 2016 to 2020, wrote one of more than 100 letters Hwang’s lawyers submitted …

-- Partners Group Holding AG has selected banks for a potential initial public offering of Ammega Group BV as the private equity firm explores options for the European conveyor-belt maker, according to people familiar with the matter. Bank of America Corp. and UBS Group AG are the leading arrangers for a listing that’s earmarked for late 2025, said the people, …

UBS Group AG expects rich Australians to seek more investment outside the country as assets grow and they want to diversify more. Anthony Sweetman, UBS’s Australasia joint country head, said he’s pushing to maintain and strengthen the firm’s market position in Australia as investor needs change. ‘Wealth Investors to Look Global’ “In Australia you’ll see a continued growth in wealth …

UBS Group AG returned to profit after two loss-making quarters, with both wealth management and the investment bank adding to sustained progress in the integration of Credit Suisse after its emergency rescue last year. UBS Returns to Profit as Wealth, Investment Bank Drive Beat The Zurich-based bank said net income in the first quarter was $1.8 billion, compared with analysts …

The recent selloff in UBS Group AG shares underscores the Swiss bank’s challenge to demonstrate its Credit Suisse Group AG acquisition is on solid ground. UBS Capital Debate, Big Oil’s Buybacks: EMEA Earnings Week Ahead Results this week will be overshadowed by concerns about a government proposal to increase the amount of capital held by systemically important lenders, a reform …

Credit Suisse CEO Ulrich Koerner on Saturday revealed that the emergency takeover of the bank by UBS is scheduled to conclude on Monday, 12 June, as stated in an internal memo reported by Bloomberg News. UBS AG is set to impose strict restrictions on Credit Suisse Group AG bankers as part of the final steps in their impending takeover, according …

UBS is wealth management behemoth after Credit Suisse takeover

As a result of biggest banking deal since 2008 crisis, UBS will oversee $5 trillion in assets, giving it the lead position in key markets. UBS on Monday said it had completed its emergency takeover of embattled local rival Credit Suisse, creating a giant Swiss bank with a balance sheet of $1.6 trillion and greater muscle in wealth management. Announcing …

The Competition Commission of India on Thursday granted approval for the proposed merger of Credit Suisse Group AG with UBS Group AG, two prominent Swiss-based multinational investment banks and financial services companies. UBS Group AG, renowned for its diverse range of financial services, including wealth management, asset management, investment banking, and retail and corporate banking, operates across the globe. Credit …

Wealth Management

Credit Suisse Group AG was accused by US lawmakers of impeding an investigation into its historical assistance to Nazis that had revealed a number of previously undisclosed accounts. The latest internal Credit Suisse investigation was conducted by forensic research firm AlixPartners and overseen by Neil Barofsky, The allegations relate to an internal probe started after the Simon Wiesenthal Center informed …

UBS-Credit Suisse merger: The Board of Governors of the US Federal Reserve has given its approval to the UBS Group AG and Credit Suisse Bank deal. The US Fed informed about the development and said that it has given its approval to the UBS-Credit Suisse deal for acquisition of the US subsidiaries of Credit Suisse by UBS Group AG. In …

Days after the Credit Suisse takeover was announced, Swiss authorities are now probing the events leading up to the massive deal. The attorney general's office said Monday that it wanted to “proactively fulfil its remit and its responsibility to contribute to a clean Swiss financial sector.” An AP report also quoted authorities to add that the AG's office had set …

After being persuaded by the Swiss authorities, UBS Group AG will pay over $3.2 billion to buy its troubled rival, Credit Suisse Group AG. DLF, one of India’s largest real estate developers, sold almost a billion dollars worth of flats in a span of three days. As they now focus on the outcome of the two-day US Fed meet on …

UBS agrees to buy Credit Suisse for more than $2 billion to end crisis: Report

UBS Group AG agreed to buy Credit Suisse Group AG in a historic, government-brokered deal aimed at containing a crisis of confidence that threatened to spread across global financial markets. The Swiss National Bank has agreed to offer a $100 billion liquidity line to UBS as part of the deal, according to the Financial Times, which reported the agreement first. …

UBS Group AG is offering to buy Credit Suisse Group AG for as much as $1 billion, a deal that the troubled Swiss firm is pushing back on with backing from its biggest shareholder. Credit Suisse, which ended Friday with a market value of about 7.4 billion francs, believes the offer is too low and would hurt shareholders and employees …

UBS Group AG cut bonuses for last year by 10% after its dealmakers saw revenue erode by a slump in mergers and capital raisings. UBS stood out among global peers in its confidence that large-scale job cuts seen across Wall Street. Chief Executive Officer Ralph Hamers received 12.2 million Swiss francs for his second full year in the job, an …

KKR & Co. to buy Japan real-estate manager for $2 billion

KKR & Co. has agreed to acquire a Japanese real-estate joint venture between Mitsubishi Corp. and UBS Group AG for $2 billion, it said Thursday. The joint venture, known as Mitsubishi Corp.-UBS Realty Inc., is one of the largest real-estate asset managers in Japan with $15 billion in assets under management, KKR said. The company manages two Japanese real-estate investment …