UBS Group AG (UBS) said Tuesday it is launching a new $2 billion stock buyback program over the next two years.
UBS Group said it plans to repurchase up to $2 billion of its own stock, restarting share buybacks that were put on hold last year due to its acquisition of Credit Suisse.
UBS has announced it is to buy back US$2 billion worth of shares over the next two years, as the Swiss bank rebuilds following last year's shotgun marriage to rival Credit Suisse. Purchases under the
There are several stocks making headlines despite financial markets experiencing subdued trading activity in the run-up to Easter. Certain stocks have become prominent in setting the daily narrative,
Since 1960, the benchmark stock index has gained 11.7% on average in the year following a record high.
JD Sports Fashion PLC (LSE:JD.)'s latest financial update has prompted UBS to offer a brighter outlook for the sportswear big cap.
UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant.
UBS said it is still reviewing potential misstatements in Credit Suisse's financial reports and talks with regulators to address the issue are ongoing.
UBS will look to increase lending to the shipping sector and run off some loans to fossil fuel clients inherited from Credit Suisse, executives told Reuters, in the biggest test yet of the impact of a
UBS on Thursday said its CEO Sergio Ermotti picked up 14.4 million Swiss francs in 2023 after taking over the Swiss bank's helm for a second bout following its takeover of former rival Credit Suisse l
UBS Chief Executive Officer Sergio Ermotti is open to extending his time at the helm of the Swiss lender to help oversee the integration of Credit Suisse, according to a letter to published in the ban

Mid-Cap Stocks to Outperform the Market This Cycle

09:45am, Wednesday, 27'th Mar 2024
When the economy enters a new cycle, investors must rotate their portfolios accordingly or else live with leaving money on the table. Mid-capitalization stocks outperform all others during an expansio

UBS sells $8 bln of Credit Suisse assets to Apollo

06:14am, Wednesday, 27'th Mar 2024
UBS has sealed the sale of Credit Suisse's securitised products business to Apollo Global Management as part of efforts to shed non-core assets after its takeover of the collapsed banking group.
Adrian Zuercher, head global asset allocation and co-head global investment management Asia-Pacific at UBS Global Wealth Management, discusses the outlook for U.S. interest rates.
One Wall Street analyst thinks Chart Industries could see its multiple expand two or three times over. Paying down its debt will be key, but a ratings agency just upgraded Chart's debt, too.
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