Shares in Petershill Partners PLC (LSE:PHLL), the closed-ended private equity fund run by Goldman Sachs, are trading at a 40-50% discount to the valuation the company would warrant as an "actual pr
That was the message from UBS analysts who downgraded shares of Renault SA RNO, -5.00% and Volkswagen AG VOW3, -3.70% VOW, -3.53% to sell from neutral, citing threats from China competition. Shares of
UBS completed one of the largest bank mergers in March when it rescued failed rival Credit Suisse. The bank posted a record $29 billion second quarter profit due to an accounting gain from the deal.
UBS chief executive Sergio Ermotti addressed one of the major outstanding questions: how many of Credit Suisse's tens of thousands of employees would be retained.
UBS Group (UBS) plans to lay off 3,000 workers in a cost-saving strategy, coming right after reporting record revenue. Shopify (SHOP) is partnering with Amazon (AMZN) to offer U.S. merchants "Buy With
UBS (UBS) shares jumped more than 5% in early trading Thursday after the Swiss banking giant posted second-quarter earnings that blew past analysts' expectations after its acquisition of ailing rival
UBS records increased revenues and expenses in the second quarter of 2023.
Lloyds Banking Group PLC (LSE:LLOY), Berkeley Group Holdings PLC (LSE:BKG) and Bellway PLC (LSE:BWY) are the top picks from UBS as it carried out a large consumer survey on the UK housing market by UB
UBS shares rallied to 15-year highs on the back of what analysts branded a "historic" earnings report, though Deutsche Bank said the lender may remain a "construction site" for some time.
UBS Group AG (NYSE:UBS) plans to cut 3,000 jobs in Switzerland as part of a US$10 billion cost-cutting drive as it continues to bed in rival Credit Suisse. It would be next to impossible to extract sa
Bruno Verstraete, partner at Lakefield Partners, discusses the positive market reaction to UBS' massive second-quarter profit and announcement that it will fully absorb Credit Suisse's Swiss banking d
UBS should have spun off Credit Suisse's Swiss business, proxy adviser Ethos said on Thursday, after Switzerland's No. 1 bank annnounced plans to fully integrate its former rival's home market busines

Here's where UBS's profit of $29 billion ranks

05:17am, Thursday, 31'st Aug 2023
Granted, it was more an accounting quirk rather than hard money entering its coffers, but UBS's $28.88 billion profit in the second quarter was one for the record books.
UBS on Thursday reported a huge profit bump in the second quarter from acquiring Credit Suisse, as the Swiss banking giant decided to integrate the local banking operation it had previously considered
UBS Chief Executive Officer Sergio Ermotti says, “we will have around 3,000 jobs that will be made redundant over the next years,” as he discusses job cuts that will stem from the integration of C
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