• UBSG

UBS migration of Credit Suisse clients to take 18 months, CEO says

UBS CEO Sergio Ermotti states the client migration from Credit Suisse to UBS will take approximately 18 months, emphasizing the complexity and potential value of the integration.

• UBSG

Swiss bankers flag concerns over plans for tougher capital rules

The Swiss Bankers Association criticizes tougher capital requirements for UBS proposed by the government, warning it could diminish competitiveness in Switzerland's financial sector post-Credit Suisse collapse.

• UBSG

UBS 'bang on target' with Credit Suisse integration, IT chief says

UBS reports successful integration of Credit Suisse clients, migrating 1.3 million clients with IT risks managed, while anticipating a reduction in workforce as the merger progresses.

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• GS
• HSBC
• JPM
• MS
• SAN
• SMFG
• UBSG
• WFC

OpenAI secures $4 billion credit line after big funding round

• UBSG

UBS chair warns against big increase in capital requirements, newspaper reports

UBS Chairman Colm Kelleher criticized Swiss government's capital requirement plans, warning they could harm Switzerland's financial center status and UBS's competitiveness while emphasizing the bank's commitment to Switzerland.

• SMFG
• UBSG

UBS in talks on Indian minority-owned wealth joint venture, say sources

UBS is negotiating a wealth management joint venture with 360 One WAM to target high net worth individuals in India, expanding its asset management services in the region.

• UBSG

Swiss regulator investigating Credit Suisse's final months, report says

FINMA has launched an audit into Credit Suisse's handling of its 2023 collapse, examining management decisions before its merger with UBS and assessing the adequacy of regulatory responses.

• NESN
• NOVN
• UBSG
• UK100

Pay gap between bosses and ordinary workers widens in Switzerland

The pay gap in Switzerland has widened, with top managers earning 143 times more than lowest-paid workers. Income inequality persists despite rising costs and stagnant wages for others.

• UBSG

Swiss finance minister chides US, Europe over 'time bomb' debt levels

Swiss Finance Minister warns of debt risks in the U.S. and Europe, impacting financial stability, while discussing UBS capital requirements and its role in the Swiss economy.

• CL
• DJI
• INTC
• IXIC
• K
• LCO
• UBSG
• US500

US CPI, UBS results, UK inflation - what's moving markets

Investors await the U.S. CPI report for signs of rate cuts by the Federal Reserve, while UBS posts strong Q2 profits and UK inflation rises.