The current pace of job cuts means UBS is set to miss the internal target of reducing its full-time headcount to 85,000 by the end of 2026, when it is set to complete the integration of its former ...

According to a media report, the planned job cuts at UBS are progressing more slowly than expected. But the fact that the ...

The Zurich-based lender’s agreement with the U.S. Justice Department will resolve the remaining consumer relief obligations ...

The person added that the cost-reduction process was “not a straight line” and that UBS could not shut down some legacy Credit Suisse systems until client migration is completed, which is expected by ...

The deal settles Credit Suisse’s outstanding obligations relating to mortgage-backed bonds sold before the 2008 financial ...

The obligations stem from a 2017 agreement related to the bank's legacy residential mortgage-backed securities business.

UBS Group AG is sounding out investors for a potential significant risk transfer, according to people familiar with the ...

UBS, which acquired Credit Suisse in 2023, said Monday (Aug.4) that it has agreed to pay $300 million to bring the legacy ...

UBS made a pre-tax loss of $255 million in the third quarter. Stripping out costs related to the Credit Suisse integration, it recorded an underlying profit before tax of $844 million.

UBS has reported its first quarterly profit since buying ailing rival Credit Suisse, marking a sharp turnaround from six months of losses that immediately followed the closure of the rescue deal.

That UBS is now left with the bill is a reminder of the risk it took when it agreed, under pressure from the Swiss authorities, to rescue Credit Suisse for $3.2 billion.

Since UBS bought Credit Suisse in a 3 billion Swiss franc ($3.4 billion) deal completed last month, investors have come to share the optimism of UBS Chairman Colm Kelleher, who has highlighted the ...