Ubs news

Here are some recent news articles and updates about UBS:

Recent News

  1. UBS to pay $500 million to settle US tax evasion charges: UBS has agreed to pay $500 million to settle charges that it helped thousands of Americans evade taxes. The settlement is part of a broader effort by the US government to crack down on offshore tax evasion. (Source: Reuters, March 2023)
  2. UBS to acquire Credit Suisse in $17 billion deal: UBS has agreed to acquire its rival Credit Suisse in a deal worth $17 billion. The acquisition is expected to create one of the largest wealth management firms in the world. (Source: Bloomberg, March 2023)
  3. UBS reports strong Q4 results, beats expectations: UBS reported strong fourth-quarter results, with net profit rising 14% to $2.3 billion. The bank's wealth management business was a key driver of the results. (Source: Financial Times, January 2023)
  4. UBS to launch new digital wealth management platform: UBS is launching a new digital wealth management platform that will allow customers to manage their investments online. The platform is expected to be rolled out in several countries, including the US, Europe, and Asia. (Source: The Wall Street Journal, December 2022)
  5. UBS to cut jobs in response to market volatility: UBS is planning to cut jobs in its investment banking division in response to market volatility. The bank is expected to cut around 1,000 jobs, or about 5% of its investment banking workforce. (Source: Bloomberg, November 2022)

Recent Updates

  1. UBS launches new ESG fund: UBS has launched a new environmental, social, and governance (ESG) fund that will invest in companies that meet high ESG standards. The fund is part of the bank's efforts to promote sustainable investing. (Source: UBS website, March 2023)
  2. UBS partners with fintech firm to launch new digital banking platform: UBS has partnered with fintech firm, Revolut, to launch a new digital banking platform. The platform will offer customers a range of financial services, including banking, investing, and lending. (Source: UBS website, February 2023)
  3. UBS appoints new CEO of wealth management division: UBS has appointed a new CEO of its wealth management division. The new CEO, Iqbal Khan, has previously worked at Credit Suisse and is expected to lead the bank's wealth management business. (Source: UBS website, January 2023)

I hope this information is helpful!