Loading...
UBS, the Swiss bank, is facing challenges and making strategic moves. The bank has hired Andrew Jardine, a managing director from Moelis, and reported stronger-than-expected client inflows in its wealth-management business. However, UBS is still not out of the woods and continues to face a huge task, including client and key staff retention. The bank has decided to exit $5 billion in assets it manages for rich customers. UBS is also under pressure to issue billions of dollars of new AT1 bonds to make its bank capital more efficient. The strong demand for UBS's sale of additional tier 1 bonds is seen as a positive sign for market confidence in the bank and the Swiss financial system. UBS CEO Sergio Ermotti has emphasized the importance of AT1 bonds in the bank's capital stack. UBS boss Sergio Ermotti has pushed back against suggestions that cultural differences between UBS and Credit Suisse are complicating the integration of the former rivals. UBS is also forecasting a surge in stock buybacks in the coming days.
"UBS desk forecasts surge in stock buybacks in coming days." UBS via @themarketear https://t.co/2QWzInDReN
UBS boss Sergio Ermotti pushes back against suggestions that cultural differences between his bank and Credit Suisse are complicating the integration of the former rivals https://t.co/9yEWDIzsg9
The strong demand for UBS's sale of additional tier 1 bonds is a positive sign for market confidence in the bank and the Swiss financial system, according to CEO Sergio Ermotti https://t.co/PznU4eHzc2 #NewEconomyForum
UBS boss Sergio Ermotti pushes back against suggestions that cultural differences between his bank and Credit Suisse are complicating the integration of the former rivals https://t.co/HvnV1rbVhL
UBS boss Sergio Ermotti pushes back against suggestions that cultural differences between his bank and Credit Suisse are complicating the integration of the former rivals https://t.co/JyHjTPwKWx
UBS issues $3.5bn Dory bond https://t.co/dFR6NGMVwg
The strong demand for UBS's sale of additional tier 1 bonds is a positive sign for market confidence in the bank and the Swiss financial system, according to CEO Sergio Ermotti https://t.co/UT0jg7esQs #NewEconomyForum
The strong demand for UBS's sale of additional tier 1 bonds is a positive sign for market confidence in the bank and the Swiss financial system, according to CEO Sergio Ermotti https://t.co/1uBBN8hjpg
"AT1 is a very important element of our capital stack and of course we have credibility to continue to use it," says UBS CEO Sergio Ermotti while speaking at the Bloomberg #NewEconomyForum in Singapore. Latest here: https://t.co/S2yyTTTPk2 https://t.co/4G2dZdQEXu
PICTURED: David Tepper as the UBS AT1 order book swells past $30bn https://t.co/pVQpsr0MGY
At least two investors whose additional tier 1 holdings were wiped out by Credit Suisse’s historic writedown have put in orders for UBS’s latest offering of the same type of security. https://t.co/6rowMFXJK7
UBS decides to exit $5 billion in assets it manages for rich customers https://t.co/lMdn3tgGRu
UBS is under pressure to issue billions of dollars of new AT1s in the coming years to make its layers of bank capital more efficient https://t.co/tAq8Vle49n https://t.co/TDLzPEtB2m
People like to say the bond market has a memory. Unfortunately, it’s the memory of a gold fish. Anyway, UBS is trying sell new AT1 bonds at ~10% yield https://t.co/pNbz3ivSwS
UBS decides to exit $5 billion in assets it manages for rich customers https://t.co/C9pEn5zqm8
WATCH: Analysts largely welcomed the UBS results but, warned the bank is not yet out of the woods as it continues to face a huge task, including client & key staff retention https://t.co/CSva7y7bIi https://t.co/1s74qY790p
Analysts largely welcomed the UBS results but, warned the bank is not yet out of the woods as it continues to face a huge task, including client & key staff retention https://t.co/eCO5p5NDlE https://t.co/xwO45fzBQA
UBS chair warns next crisis will be in private markets https://t.co/QChLiC3DGn
UBS reported stronger-than-expected client inflows in its wealth-management business, boosted by the first signs of stabilization at Credit Suisse: Here’s your Evening Briefing https://t.co/hdYDpm0Kb1
UBS: bank seeks rich pickings amid intensifying competition https://t.co/QPR3PU63Tr | opinion
UBS has hired Moelis managing director Andrew Jardine https://t.co/XRuIRZd4pH
UBS has hired Moelis managing director Andrew Jardine https://t.co/dZ1OaPQtmH
Breakingviews - UBS faces a long wait for M&A share-price boost https://t.co/vQrvFU9g7s