The current pace of job cuts means UBS is set to miss the internal target of reducing its full-time headcount to 85,000 by the end of 2026, when it is set to complete the integration of its former ...

According to a media report, the planned job cuts at UBS are progressing more slowly than expected. But the fact that the ...

The person added that the cost-reduction process was “not a straight line” and that UBS could not shut down some legacy Credit Suisse systems until client migration is completed, which is expected by ...

The Zurich-based lender’s agreement with the U.S. Justice Department will resolve the remaining consumer relief obligations ...

The deal settles Credit Suisse’s outstanding obligations relating to mortgage-backed bonds sold before the 2008 financial ...

The obligations stem from a 2017 agreement related to the bank's legacy residential mortgage-backed securities business.

UBS Group AG is sounding out investors for a potential significant risk transfer, according to people familiar with the ...

UBS, which acquired Credit Suisse in 2023, said Monday (Aug.4) that it has agreed to pay $300 million to bring the legacy ...

UBS on Monday said it will pay $300 million to settle outstanding obligations related to the misselling of mortgage-linked ...

For 2023 as a whole, UBS reported a profit of $29 billion, which largely reflected an accounting gain booked on the difference between the knockdown price it paid for Credit Suisse and the much ...

UBS made a pre-tax loss of $255 million in the third quarter. Stripping out costs related to the Credit Suisse integration, it recorded an underlying profit before tax of $844 million.

Since UBS bought Credit Suisse in a 3 billion Swiss franc ($3.4 billion) deal completed last month, investors have come to share the optimism of UBS Chairman Colm Kelleher, who has highlighted the ...