Ubs Ag Stock News

Russia has been hit with crippling sanctions and traditionally neutral Switzerland last week aligned itself with EU penalities over the February 24 invasion of Ukraine and ordered the freezing of Russian assets. Switzerland’s second largest bank said its exposure to Russia stood at 848 million Swiss francs ($914 million, 828 million euros) at the end of 2021. But as of March 7 it had “minimal total credit exposure towards specifically sanctioned individuals managed by our wealth management division,” a statement said. Credit Suisse’s top domestic rival UBS announced earlier this week that its exposure to Russia totalled $200 million, with under $10 million of loans outstanding to sanctioned clients. EXPLAINED: Which banks are best for foreigners in Switzerland? Credit Suisse said it had registered derivatives and financing exposures in its investment bank, trade finance exposures in its Swiss Universal Bank and Lombard, as well as loans issued by its international wealth management division.

UBS Group (UBS) reveals its $634-million exposure to Russia that has subsided since 2021 end.

S&P Global Ratings has assigned UBS Group AG (NYSE:UBS) an ESG evaluation score of 77. The score is a combination of an ESG profile of 72 and a strong preparedness score (+5). The evaluation reflects UBS’ efforts to integrate ESG into its investment and lending activities. Q4 2021 hedge fund letters, conferences and more UBS […]

UBS Group (UBS) reveals its $634-million exposure to Russia that has subsided since 2021 end.

Ahead of its participation at the UBS Consumer Conference, Kontoor Brands (KTB) reaffirmed its 2022 outlook provided in Q4 earnings.2022 revenue is expected to be ~$2.7B; up high…

UBS (UBS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the n

UBS (UBS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the n

Top UBS Wealth Manager Targets $5 Trillion Held by Women in Asia

UBS (UBS) had ~$200M exposure related to Russian assets used as collateral for loans and other secured financing in its Global Wealth Management unit, the Swiss bank said in its…

MILAN (Reuters) – The wealth management arm of Swiss bank UBS has downgraded euro zone equities to neutral citing the potential for negative economic and earnings growth revisions amid growing uncertainty following Russia’s invasion of Ukraine.

UBS''s direct exposure to Russia made up $634 million of the Swiss bank''s total emerging market exposure of $20.9 billion at the end of 2021, the bank said in its annual report.

ZURICH (Reuters) – UBS has paid the French state 800 million euros ($869.92 million) in civil damages in relation to a French tax evasion case, its annual report showed on Monday.