UBS's chairman has publicly stated the bank's intention to target deals in the United States, emphasizing that higher capital requirements would be a misinterpretation of the lessons from the Swiss banking crisis. This strategic direction underscores UBS's position as a significant player in global wealth management, with around 60% of its revenues derived from this sector. The bank's focus on the US market is part of its broader strategy to be recognized beyond its conventional European banking image. UBS's stock was down 0.7% in pre-market trading.
Barclays is seeking to expand its relationships with sovereign wealth funds and private equity giants as it broadens its footprint in advisory and equity underwriting https://t.co/5p9JBEXN4r
“UBS continues to be seen and valued like a conventional European bank, despite being the largest global wealth manager and deriving around 60% of its revenues from wealth and asset management". Quote from this @OwenWalker0 read https://t.co/1CgAifyEgB
$UBS (-0.7% pre) Swiss bank UBS targets US deals, says chairman - Reuters https://t.co/UjV4FJvQFe
Swiss Bank UBS Targets US Deals, Says Chairman https://t.co/2N0zmCUoTf
UBS, the Swiss bank, sets its sights on deals in the United States https://t.co/DwpmAqv4q2 https://t.co/hPkVWDeiVG
Swiss bank UBS targets US deals, says chairman https://t.co/0K8uC6R52S https://t.co/kNM5dpzns3
⚠️ SWISS BANK UBS TARGETS US DEALS, SAYS CHAIRMAN Full Story → https://t.co/NUjCeWZZdM https://t.co/ogEY5ItJQb
UBS's chairman said imposing higher capital requirements on UBS would mean drawing the wrong lesson from the Swiss banking crisis https://t.co/l2VtflMPIR