UBS Group AG - Registered Shares Stock News

Georgia's former prime minister Bidzina Ivanishvili on Monday urged a London court to uphold a $607 million Bermudan judgment he won against a Credit Suisse subsidiary over a long-running fraud committed by a former Credit Suisse adviser.

HOUSTON--(BUSINESS WIRE)--UBS Wealth Management US today announced that William (Bill) Frisco has joined the firm as a Private Wealth Advisor and Senior Portfolio Manager in Houston. He is responsible for managing approximately $700 million in assets for ultra-high net worth individuals and families. “We are thrilled to welcome Bill to the UBS family,” said Craig Vandegrift, Senior Market Direc...

NEW YORK--(BUSINESS WIRE)--UBS Wealth Management US today announced that Mellany Bagtas has joined the firm as a Financial Advisor in New York City. She will be based out of the firm's 299 Park Avenue office and will report to Associate Market Executive Demie Kommatas. “We are excited to welcome Mellany to UBS,” said Kellie Brady, Manhattan Market Executive at UBS. “Her dedication and perspecti...

Relative valuation is neutral, absolute valuation is slightly bullish with a $37 target price, reflecting a 10% upside. UBS is a solid, leading Swiss bank with potential profitability improvements from the Credit Suisse merger, yet growth remains modest and in line with the industry. The Investment Banking segment is showing green shoots.

Shares in UBS dropped 7% on Tuesday as investors worried about the impact of new government proposals to force the Swiss bank to hold $26 billion in extra capital, including on the bank's plans to return cash to shareholders.

Switzerland announced reforms on Friday to make its biggest bank UBS safer and avoid another crisis, hampering the global ambitions of a lender whose financial weight eclipses the country's economy.

The Swiss government on Friday published its proposals for stricter regulation of UBS , setting varying timelines for the introduction of rules that will have far-reaching consequences for the lender and its business model.

UBS hired two technology investment bankers in New York from Bank of America, according to a memo seen by Reuters on Thursday.