ubs group Archives - Coinspeaker

UBS Group’s Big Clients Want Crypto as Global Demand Pushes Bitcoin Higher

UBS’s Amy Lo says wealthy investors are diversifying away from US dollar assets into Bitcoin and gold amid persistent tension between China and the US.

UBS Completes Emergency Takeover of Credit Suisse with Dozen of ‘Red Lines’ Imposed

Business News, Deals News, News

By Darya Rudz Jun 12, 2023

To cover potential losses of 9 billion francs ($9.9 billion) that result from winding down parts of Credit Suisse’s business, UBS has reached an agreement with the Swiss government.

UBS Names Sergio Ermotti as New CEO to Supervise Credit Suisse Acquisition

Business News, News, Story of the Day

By Ibukun Ogundare Mar 29, 2023

It is said that the new CEO is equipped as the “best pilot” to navigate the current business challenges.

Business News, Market News, News

FDIC Announces Sale of Signature Bank Assets to New York Community Bancorp

By Bhushan Akolkar Mar 20, 2023

FDIC said that the deal between Signature and Flagstar would cost the Deposit Insurance Fund an estimated $2.5 billion.

Business News, Deals News, Market News, News

UBS Group Buys Credit Suisse in $3.2 Billion Deal to Halt Banking Crisis

By Bhushan Akolkar Mar 20, 2023

The terms of the deal between the two banks mean that Credit Suisse shareholders shall receive 1 UBS share for every 22.48 Credit Suisse shares.

Bitcoin News, Cryptocurrency News, News

Ricardo Salinas Wants to Make His Bank, Banco Azteca First in Mexico to Receive Bitcoin

By Godfrey Benjamin Jun 28, 2021

However, it is yet unclear the efforts the Banco Azteca is taking to adopt Bitcoin.

Business News, Market News, News, Stocks

Stock Futures Surge as Market Prepares for Another Historic Jump in May

By Godfrey Benjamin May 3, 2021

The year has been a positive one thus far for investors as the global market has grown remarkably.

Business News, Market News, News

UBS Records 137% Profit Increase in Q4 but Raises Concerns on Economic Outlook

By John K. Kumi Jan 26, 2021

The buyback program will see UBS Group purchasing up to $4.5 billion of shares with $1 billion to be used for this operation in the first quarter of the year.

Business News, Market News, News, Wall Street

Swiss Wealth Managing Giant UBS Reports Whopping 99% Jump in Net Profits for Q3 2020

By Bhushan Akolkar Oct 20, 2020

UBS said that its well-diversified business model with a regional mix has helped the bank overcome these tough times and deliver stellar results despite the uncertain geopolitical and economic conditions.

Business News, News

UBS Opts for ING Head Ralph Hamers to Replace Sergio Ermotti as CEO

By Osaemezu Ogwu Feb 20, 2020

In yet another shakeup, leading financial institution UBS Group removed Sergio Ermotti as its Chief Executive Officer and will replace him with ING Group’s Ralph Hammer. It is already the second major lender after Credit Suisse to replace its leading figure this month.

Market News, News, Stocks

Tesla Stock Is the Reason the ‘Stock Market Bubble Implodes’, Says Ralph Nader

By Tolu Ajiboye Jan 24, 2020

Though today there are a lot of Tesla fans, consumer advocate and activist Ralph Nader believes that the recent Tesla stock price surge may cause a crash in the market.

Blockchain News, Cryptocurrency News, News

UBS Sees Potential in Blockchain with Clearmatics Raising its Funds

By Zhanna Lyasota Nov 19, 2015

UBS Group AG partner Clearmatics continues raising its funds while UBS is working with blockchain.