UBS Group AG - Registered Shares Share News

UBS's CEO on Tuesday hit out at suggestions Switzerland should set tougher regulations for the bank after its 2023 takeover of Credit Suisse, saying "fear" and "populist" critics were doing down the business and the country's own prospects.

NEW YORK--(BUSINESS WIRE)--UBS AG announced today the Payment at Maturity of the UBS-issued UBS AG FI Enhanced Large Cap Growth ETNs due June 19, 2024 (the “ETNs”), as set forth in the following table. Table-1   ETN Ticker ETN Name and Prospectus Supplement [1] Payment at Maturity CUSIP Maturity Date FBGX UBS AG FI Enhanced Large Cap Growth ETN due June 19, 2024[2] $939.5829 902677780 06/20/202...

UBS has begun a share buyback program announced earlier this year, and repurchased 44.8 million Swiss francs ($50.21 million) worth of shares last week, the Swiss bank said on Monday.

UBS has proposed a settlement with the victims of the Greensill collapse that helped sink rival Credit Suisse and spark a merger of the Swiss banks to save it from going under. Former Credit Suisse customers have been offered 90% of the funds they invested in failed trade factoring business Greensill, which Credit Suisse was providing with funds.

UBS expects to record a provision of around $0.9 billion, the Swiss bank said on Monday, in connection to Credit Suisse's funds linked to collapsed supply chain financing firm Greensill Capital.

While lithium prices have improved since the beginning of the year, the increase is not significant enough to resolve long-term market uncertainties or positively impact the likes of Albemarle Corporation (NYSE:ALB, ETR:AMC), says UBS. The Swiss bank revised down its 12-month price target to $124 from $132.

Stocks needn't be expensive to buy. In fact, stocks often attract more investors when their share price is affordable.

British wealth manager St James's Place said on Thursday it had hired UBS executive Caroline Waddington to be its chief financial officer, succeeding Craig Gentle who plans to retire.