Several major foreign banks have expressed their interest in a possible merger or combination with Switzerland's UBS , a Swiss newspaper said on Sunday.
Switzerland's finance minister said it was unlikely that UBS would leave its Swiss base after this week's upper house parliamentary vote in favour of tougher capital rules.
PALO ALTO, Calif. & SAN JOSE, Calif.--(BUSINESS WIRE)--UBS today announced that Financial Advisors John Pham and Jimmy Yip have joined the firm's offices in Palo Alto and San Jose, California. The team joins UBS from Merrill Lynch and will be part of the UBS San Francisco Market, led by Market Executive Emily de la Reguera and reports to Silicon Valley Market Director Jacqueline Kehoe. “We are ...
A decision by Swiss lawmakers to defy calls by UBS and big business to moderate new banking rules has highlighted misgivings about the risks posed by one of the country's most visible institutions after the 2023 collapse of Credit Suisse.
A 90% Common Equity Tier 1 backing for UBS's foreign units is a good amount, SNB Vice Chairman Antoine Martin said on Thursday, a day after Switzerland's upper house of parliament voted on new banking regulations.
UBS has initiated coverage on five AI data center colocation stocks with Buy ratings, citing constrained compute supply and favorable power access positioning the group for rapid growth as AI adoption accelerates. The bank started coverage of Hut 8 Mining Corp (TSX:HUT, Unlisted (US):HUTMF), TeraWulf (NASDAQ:WULF), Applied Digital (NASDAQ:APLD), Core Scientific (NASDAQ:CORZ) and Cipher Digital...
Under the proposal, the bank would be required to hold 90% in top-tier capital against its foreign subsidiaries, down from 100% the government previously planned.
In a blow to UBS, Switzerland's upper house of parliament on Wednesday voted in favour of capital rules that would require the bank to back its foreign units with 90% Common Equity Tier 1 capital.
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