UBS
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UBS Launches $2 Billion Share Buyback Program Amid Credit Suisse Integration
Swiss banking giant UBS announced on Tuesday the launch of a new share repurchase program worth up to $2 billion, with plans to complete up to $1 billion of the total this year. The move comes as the bank continues to navigate the complex integration of Credit Suisse, following the surprise return of former chief Sergio Ermotti as CEO in late March 2023. Swiss banking giant UBS announced on Tuesday the launch of a new share repurchase program worth up to $2 billion, with plans to complete up to $1 billion of the total this year. The move comes as the bank continues to navigate the complex integration of Credit Suisse, following the surprise return of former chief Sergio Ermotti as CEO in late March 2023. -
UBS Reiterates Bullish Stance on US Stocks, Raises S&P 500 Target to 5400
UBS has once again increased its target for the S&P 500 Index to 5400 points, suggesting an additional 6% growth potential from the closing price of 5088 points last Friday. This adjustment marks UBS's second revision of its target price, having previously set it at 4850 points on December 11 last year and then raising it to 5150 points on January 16. UBS has once again increased its target for the S&P 500 Index to 5400 points, suggesting an additional 6% growth potential from the closing price of 5088 points last Friday. This adjustment marks UBS's second revision of its target price, having previously set it at 4850 points on December 11 last year and then raising it to 5150 points on January 16. -
UBS's Stellar Acquisition: Record Profits Prove Critics Wrong on Credit Suisse Buyout
Five months after acquiring Credit Suisse, UBS has finally demonstrated to the world just how lucrative this once-doubted deal has been. Five months after acquiring Credit Suisse, UBS has finally demonstrated to the world just how lucrative this once-doubted deal has been. -
UBS: Central Banks' Gold Rush Nearing an End, Signals Return to Traditional Factors
During the period of aggressive interest rate hikes by the Federal Reserve, gold has exhibited intriguing resilience. Despite the continuous rise in interest rates, gold prices have not fallen, but rather increased. This contravenes its traditional valuation model of an inverse relationship with the 10-year U.S. real interest rate and the dollar. During the period of aggressive interest rate hikes by the Federal Reserve, gold has exhibited intriguing resilience. Despite the continuous rise in interest rates, gold prices have not fallen, but rather increased. This contravenes its traditional valuation model of an inverse relationship with the 10-year U.S. real interest rate and the dollar. -
UBS Clears Hurdle for Historic Acquisition of Credit Suisse, Completion Expected Next Week
On Friday, June 9, UBS CEO Sergio Ermotti hinted at the Swiss Economic Forum that the takeover of rival Credit Suisse would be finalized on June 12, marking the biggest banking deal since the global financial crisis in 2008. On Friday, June 9, UBS CEO Sergio Ermotti hinted at the Swiss Economic Forum that the takeover of rival Credit Suisse would be finalized on June 12, marking the biggest banking deal since the global financial crisis in 2008. -
UBS Strikes $3.25 Billion Deal to Acquire Credit Suisse, Reinforcing Global Banking System
Swiss banking titan UBS enters a historic $3.25 billion agreement to purchase rival Credit Suisse, bolstering their standings within the global financial framework and paving the way for a substantial industry metamorphosis. Swiss banking titan UBS enters a historic $3.25 billion agreement to purchase rival Credit Suisse, bolstering their standings within the global financial framework and paving the way for a substantial industry metamorphosis. -
UBS Reportedly Nears Deal to Acquire Struggling Credit Suisse in Swiss Banking Industry Shake-Up
Credit Suisse's ongoing crisis pushes the Swiss bank toward a potential merger with UBS, altering the country's banking landscape. Credit Suisse's ongoing crisis pushes the Swiss bank toward a potential merger with UBS, altering the country's banking landscape. -
UBS Q4 Earnings Beat Expectations, Upgrades Financial Targets
UBS posted profits of $1.35 billion for its fourth quarter, beating average analyst estimates of $853 million. UBS posted profits of $1.35 billion for its fourth quarter, beating average analyst estimates of $853 million. -
World's Billionaires' Fortunes Swelled To $10.2 Trillion During Pandemic
Analysts at UBS said the ultrarich were able to take advantage of the crisis because they had the "stomach," or capacity, to take such risks. Analysts at UBS said the ultrarich were able to take advantage of the crisis because they had the "stomach," or capacity, to take such risks. -
UBS Seeking Digital Banking License In China To Accelerate Growth
UBS has applied for a nationwide, majority-owned digital bank license in China with the goal of launching its own digital banking platform once it is granted. UBS has applied for a nationwide, majority-owned digital bank license in China with the goal of launching its own digital banking platform once it is granted.