UBS Group AG agreed to sell $8 billion in unwanted assets to Apollo Global Management Inc. as part of the carve-out of Credit Suisse’s securitized products group, after renegotiating key parts of the accord.
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UBS Powers Past $100 Billion One Year After Credit Suisse ShockOn the first anniversary of UBS Group AG’s historic takeover of its former rival Credit Suisse, it’s becoming clear just how advantageous the deal has been for the bank. It has pushed its market capitalization past $100 billion to the highest level in almost 16 years and cemented its leading role in global wealth management.
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UBS to Shut Thousands of Smaller Credit Suisse Accounts in AsiaUBS Group AG is planning to shut smaller-value Credit Suisse accounts numbering in the low thousands at its Asia Pacific wealth management arm to exit relationships with poor returns, according to people familiar with the matter.
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B.C.’s unemployment drops, but opposition fears loss of private-sector jobsCredit rating agency raises concerns about B.C.’s financial trajectory, but maintains AA credit rating.
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UBS to boost Asia assets, sees growth from wealth and asset managementAssets sourced from Asia would be up to 20% in five-six years, from around 15%, UBS Chief Executive Sergio Ermotti said on Tuesday
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Man's credit score plummets due to old unpaid ticketRichard McGrath received a credit score alert last week, informing him that his credit score had unexpectedly dropped. He later discovered that an unpaid ticket from 2005 had resurfaced, causing his credit score to plummet. McGrath expressed frustration that the city had not contacted him about the ticket before it affected his credit score.
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UBS Has No Need for More Capital, Kelleher Tells NZZ am SonntagUBS Group AG Chairman Colm Kelleher said that higher capital requirements for the Swiss banking behemoth would penalize shareholders and clients, and called instead for stronger powers for the country’s banking watchdog.
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