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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LOS ANGELES--(BUSINESS WIRE)--UBS Private Wealth Management announced today that Drew Freides and Michael Kanigher, Private Wealth Advisors and Managing Directors in the firm's Los Angeles Private Wealth Management Market, have been named to the Forbes America's Top Wealth Advisors and Forbes Best-in-State Wealth Advisors lists for 2024. Drew ranked in the top 10 advisors nationally and #1 in the Los Angeles Private Wealth category. Michael ranked #8 in Los Angeles Private Wealth and rose to #7.

UBS's Drew Freides and Michael Kanigher Named to Forbes Best-in-State and Top Wealth Advisors lists

SAN JUAN, Puerto Rico--(BUSINESS WIRE)--Ocean Capital LLC (collectively with its affiliates, “Ocean Capital” or “we”), a significant shareholder of various Puerto Rico closed-end bond funds (the “Funds”) that are managed or co-managed by an affiliate of UBS Financial Services Incorporated of Puerto Rico, today announced that shareholders of Puerto Rico Residents Tax-Free Fund, Inc. (“PRITF I”) voted to elect Ocean Capital's highly-qualified nominee, Ian McCarthy, by a 36:1 margin at the 2023 An.

Shareholders of Puerto Rico Closed-End Fund Elect Ocean Capital Nominee and Support Terminating Management Agreements with UBS and Popular

Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) bonds, a form of debt, more appealing to investors by protecting them from a wipeout, and also signed off on UBS CEO Sergio Ermotti's pay package.

UBS gets backing for capital plan, Ermotti pay from Norway wealth fund

UBS Group (UBS) plans to cut jobs in five separate waves, starting June 2024, to save costs. The other waves are set to take place in the months of August, September, October and November.

UBS Group (UBS) to Cut Jobs for $10 Billion Cost Reduction

Analysts say there could be room for both UBS and its smaller rivals to grow.

UBS's Swiss Rivals Hope Credit Suisse Hires Will Win Wealthy Clients

Apple

NVIDIA

UBS cut its rating on what it calls the Big Six — that's the Magnificent Seven minus struggling Tesla — to neutral from overweight.

Don't overweight the megacap tech giants like Nvidia and Apple, says UBS

Layoffs under Swiss banking giant UBS's cost-cutting programme announced after its takeover of Credit Suisse will take place in five waves this year starting in June, newspaper SonntagsZeitung reported on Sunday.

Five waves of UBS layoffs to start in June, SonntagsZeitung says

LOS ANGELES--(BUSINESS WIRE)--UBS Wealth Management USA today announced that Christopher Toregas CFP® has joined the firm as a Managing Director and Senior Portfolio Manager in the Century City office. Christopher and his team join the firm's Los Angeles Market, managed by Market Executive Lauren Gorsche and Market Director Kreg Pearless. “As one of the fastest growing Financial Advisors in the country, Christopher works with some of the most successful families in Southern California, New York.

UBS hires financial advisor team led by Christopher Toregas in Los Angeles

NEW YORK--(BUSINESS WIRE)--UBS today announced that Private Wealth Advisors James Herring and John Gaffney will be joining the firm in New York City. At the conclusion of their respective notice periods, James and John will join the UBS Manhattan Market and will be based in the firm's 299 Park Ave Private Wealth Management office, managed by Chris Amo and Bob Sorrentino. “On behalf of UBS, we're very pleased to welcome James and John to the firm,” said Chris Amo, New York PWM Market Director at.

James Herring and John Gaffney join UBS Private Wealth Management in New York City

SEATTLE--(BUSINESS WIRE)--UBS Wealth Management USA announced today that 43 Financial Advisors from the firm's Pacific Northwest Market, which spans across the four states of Alaska, Montana, Oregon and Washington, have been named to the Forbes Best-In-State Wealth Advisors list for 2024. “We are extremely proud to see so many of our talented financial advisors across the Pacific Northwest Market recognized on this prestigious list,” said Ryan Rozniakowski, Market Executive of the Pacific North.

43 UBS Financial Advisors in the Pacific Northwest Market Named to Forbes Best-In-State Wealth Advisors list

UBS is shutting down some of its China private funds business and will lay off one-third of the staff as the Swiss bank cuts operating costs in the country, said three sources with direct knowledge of the matter.

Exclusive: UBS shuts some China private funds, will lay off staff, sources say

UBS Group is planning another round of job cuts after its takeover of Credit Suisse that is expected to affect over a hundred positions across the group's global investment bank, Bloomberg News reported on Wednesday.

UBS plans next round of layoffs in Credit Suisse integration, Bloomberg News reports

Banco Bilbao Vizcaya Argentaria

Deutsche Bank

Intesa Sanpaolo SpA

NatWest Group plc 

Investors should consider buying European bank stocks ahead of their U.S. counterparts, according to analysts at JPMorgan.

European bank stocks are a better bet than U.S. peers, says JPMorgan

Forcing UBS to hold some $25bn more in capital would be the “right” level, according to Swiss lawmakers.

UBS increasing capital by $25 bln is right level, say Swiss authorities

Switzerland's UBS on Tuesday published restated historical segment-level financial data reflecting previously-announced changes that it said would have no impact on its Group results.

UBS publishes restated historical segment-level financial data

Estimates that Swiss bank UBS will require another $15 billion to $25 billion in capital under government proposals aimed at making the banking sector more robust are about right, Switzerland's finance minister was quoted as saying on Tuesday.

UBS added capital needs of $15-25 bln are realistic, Swiss minister says

PHILADELPHIA--(BUSINESS WIRE)--UBS today announced that 13 advisors in the firm's Philadelphia D.C. wealth management market have been named to the Barron's Top 1200 Financial Advisors list for 2024. “We are extremely proud to see so many of our talented advisors receive national recognition for their commitment to providing world class financial services to clients,” said Julie Fox, Market Executive at UBS Private Wealth Management. “These advisors are some of the best in the business and we c.

13 UBS advisors in the Philadelphia D.C. Wealth Management Market named to the Barron's Top 1200 Financial Advisors list

The Swiss government's proposed tougher capital requirements for the banking industry will impact UBS's ability to grow, the country's finance minister said in an interview published on Saturday.

New capital requirements for Swiss banks will slow growth at UBS, says finance minister

NEW YORK--(BUSINESS WIRE)--UBS Private Wealth Management today announced that Regina Bronson and Alex Gitomer will be joining the firm as Managing Directors and Private Wealth Advisors in New York City. Regina and Alex will also be joined by Senior Wealth Strategy Associates Christina Brown and Hilary Stock. At the conclusion of their respective notice periods, the team will join the UBS Manhattan Market and will be located in the firm's 1285 Avenue of the Americas Private Wealth Management off.

UBS Private Wealth Management hires Regina Bronson and Alex Gitomer in New York City

UBS might need to retain $10 billion to $15 billion in excess capital after Switzerland's government this week laid out plans for tougher capital requirements for the enlarged lender, Autonomous Research estimated on Thursday.

UBS could need $10 bln-$15 bln in extra capital to meet new Swiss rules, analyst says

UBS could take years to feel the bite of new regulations after the Swiss government set out plans aimed at keeping the "monster bank" in line that were light on detail and heralded a tortuous political process to enshrine them in law.

Swiss banking plan leaves 'relieved' UBS out of immediate firing line

Switzerland called on Wednesday for changes to global measures to prevent liquidity crunches which were introduced after the global financial crisis, to make bank runs less calamitous.

Swiss call for change to 'unrealistic' bank liquidity rules

Switzerland's finance minister took aim at bonus excesses and inflated salaries at banks on Wednesday as she unveiled 22 proposals designed to strengthen the Swiss financial sector after the implosion of Credit Suisse last year.

Swiss minister criticises big bank bonuses as UBS set for stricter rules

Switzerland said UBS will have to hold substantially more capital under new rules aimed at preventing a repeat of Credit Suisse's near-collapse last year.

Switzerland Moves to Hike UBS Capital Requirements

Switzerland's government on Wednesday put forward plans that would see the country's top banks subject to new rules aimed at preventing a repeat of the crisis that crashed Credit Suisse in March 2023, in an announcement that caused UBS shares to drop.

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