The two big Swiss banks Credit Suisse and UBS want to be perceived differently by investors than their competitors in the banking sector. They have now achieved that. According to a stock market index, they are no longer considered a bank. UBS and Credit Suisse (CS) are no longer banks. The index company FTSE Russell … Read more
UBS is planning a new digital platform for its wealth management. This should initially start in China. However, the major Swiss bank does not yet have a license for this. In China, UBS wants a digital banking license to roll out a wealth management platform. Edmund Koh, the head of UBS for the Asia-Pacific region, … Read more
The rating agency Fitch took a close look at the ratings of a total of seven Swiss banking groups due to the distortions caused by the corona crisis. The corresponding rating outlook has been lowered for the major banks CS and UBS. According to Tuesday’s announcement, Fitch has confirmed the long-term issuer default ratings (IDR) … Read more
(AWP) Also the big bank UBS (UBSG 7,766 0.08%) is under the spell of the coronavirus crisis. So far, however, there have been no major disruptions to customer services, CFO Kirt Gardner said on Wednesday at a conference of the US investment bank Morgan Stanley (MS 30.75 -9%) in London. In addition, large volumes were … Read more
Frankfurt / Munich Markus Braun can breathe a sigh of relief, at least for the time being. The special test by KPMG relieved Wirecard to a large extent. Clarification is still pending in other areas. It is therefore quite possible that the CEO of the payment service provider from Aschheim near Munich will have to … Read more
UBS and Credit Suisse shares are being sold off in the wake of the corona crisis. On Friday, both titles fell below the CHF 10 mark. The shares of the two major Swiss banks UBS and Credit Suisse (CS) cost practically the same on Friday morning: UBS was trading at CHF 9.90 at around 10 … Read more
Under boss Sergio Ermotti, a caste of around 100 key people has formed at UBS, who are one step above the managing directors. Are the days of that elite numbered with the arrival of Ralph Hamers? They come from all corners of UBS: super rich bankers Josef “Joe” Stadler is as much a part of … Read more