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Latest UBS News From Around the Web
Below are the latest news stories about UBS GROUP AG that investors may wish to consider to help them evaluate UBS as an investment opportunity.
Former Swiss finance minister warns about size of enlarged UBS, newspaper saysZURICH (Reuters) -UBS could be seen as being too big for Switzerland following its takeover of Credit Suisse, former Swiss Finance Minister Ueli Maurer said on Saturday, with measures needed to reduce the risks of the enlarged bank. "If you look at the numbers alone and compare UBS with the Swiss economy, it is too big," Maurer told newspaper Tages-Anzeiger. Reducing risks was primarily the responsibility of shareholders via their choice of board members, Maurer said. |
Tech, Media & Telecom Roundup: Market TalkRead about Match Group, Tele2, Deutsche Telekom, Tencent and more in the latest Market Talks covering Technology, Media and Telecom. |
UBS Group Nears Settlement of Credit Suisse US Tax Evasion CaseUBS is set to pay hundreds of millions of dollars in fines to settle Credit Suisse's tax evasion case with the US government. |
Sector Update: Financial Stocks Fall Premarket FridayFinancial stocks fell premarket Friday with the Financial Select Sector SPDR Fund (XLF) 0.9% lower r |
UBS set to pay ‘at least hundreds of millions’ in DOJ settlement, WSJ reportsUBS (UBS) is set to pay “at least hundreds of millions of dollars” to settle violations by Credit Suisse of an earlier agreement with the Justice Department over American clients who evaded paying taxes, people familiar with the matter told The Wall Street Journal’s Margot Patrick, Emily Glazer and Dave Michaels. One source said a settlement could come as soon as this week, the report noted. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try |
The U.K. Is the Biggest Loser From the Rise in YieldsThe magnitude of the selloff served as a reminder that rising borrowing costs will have consequences for highly indebted governments. |
Philippine fintech GCash hires banks for up to $1.5 billion IPO, sources sayGCash, a Philippine fintech firm, has hired banks, including Citi, Jefferies and UBS, to work on an up to $1.5 billion domestic initial public offering, three sources with knowledge of the matter said, in what would be the country's biggest ever stock offering. The IPO is expected to take place as early as the second half of 2025 or in 2026, subject to broader market conditions, two of the sources said, declining to be named as the matter was private. If the listing goes ahead it would be Philippines' biggest ever, surpassing the $1 billion IPO of Philippine food company Monde Nissin in 2021. |
Update: Market Chatter: UBS Group Nears Deal to Settle Credit Suisse US Tax Scofflaw Case(Updates with response from the Department of Justice in the final paragraph.) UBS Group (UBS) is |
UBS Nears Settlement Over Credit Suisse Tax Evasion, Report SaysSwiss Banking Giant Could Pay 'at Least Hundreds of Millions of Dollars' in Fines |
UBS nears settlement over Credit Suisse tax evasion case, WSJ reportsA settlement could come as soon as this week, WSJ reported, citing people familiar with the matter. UBS and the DOJ declined to comment on the report. A U.S. Senate Finance Committee in 2023 found that Credit Suisse violated the plea deal made in 2014 with U.S. authorities by continuing to help ultra-wealthy Americans evade taxes and concealing more than $700 million from the government. |