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UBS Group AG (UBS.N)

UBS.N on New York Stock Exchange

16.75USD
17 Aug 2017
Change (% chg)

$-0.33 (-1.93%)
Prev Close
$17.08
Open
$16.93
Day's High
$16.97
Day's Low
$16.75
Volume
327,163
Avg. Vol
662,105
52-wk High
$18.31
52-wk Low
$12.87

Latest Key Developments (Source: Significant Developments)

UBS CFO: expect RWA inflation of around 6 bln Sfr in H2
Friday, 28 Jul 2017 04:47am EDT 

July 28 (Reuters) - Ubs Group Ag :CEO says capital returns policy remains unchanged, very comfortable with both CET1 ratios.CFO says for the second half of 2017 we expect around 3 billion of outflows related to euro deposit charging as well as cross-border outflows of around 11 billion, peaking in q4.CFO says for second half of 2017 expect around 6 billion Sfr increase in risk-weighted assets from regulatory increases.CFO says still feel very good about reaffirming guidance for net margin of 25-30 basis points in wealth management division.CEO says medium- to long-term we are focusing on organic growth and fuelling growth engine in wealth management, particularly in U.S. and Asia; China a top priority.  Full Article

UBS CEO says too early decide staffing amid Brexit - BBG
Friday, 28 Jul 2017 01:13am EDT 

July 28 (Reuters) - UBS Group AG :UBS CEO says too early to make call on exactly what to do about staffing after Brexit - bloomberg tv.  Full Article

TLG Immobilien expects 5 mln synergies from WCM deal
Wednesday, 10 May 2017 05:20pm EDT 

May 10 (Reuters) - TLG Immobilien AG :Says expects synergy potential of eur 5 million p.a. on fully phased-in basis from WCM deal.Says plans formation of eur 3 billion pan-german quality asset platform.Says joint headquarter of combined company will remain in Berlin.Says deal structure allows TLG immobilien to maintain pro-forma net ltv remaining below 45% threshold.Says Victoriapartners, UBS financial advisers to tlg.  Full Article

Solium Capital anticipates entering into an agreement with UBS Financial Services Inc
Wednesday, 10 May 2017 01:00pm EDT 

May 10 (Reuters) - Solium Capital Inc ::Anticipates entering into an agreement with UBS Financial Services Inc, on terms that have been agreed to in principle.Under new agreement, UBS customers will upgrade to a UBS branded version of Shareworks, Solium's stock plan administration platform.Increase in revenues from strategic partnership is not expected to be material to Solium in 2017.  Full Article

UBS, BNP, RBS get subpoenas in U.S. treasuries probe - Bloomberg, citing sources
Monday, 1 May 2017 11:14am EDT 

May 1 (Reuters) - :UBS, BNP, RBS get subpoenas in U.S. treasuries probe - Bloomberg citing sources.  Full Article

UBS CEO: considering multiple spots for post-Brexit EU hub
Friday, 28 Apr 2017 04:53am EDT 

April 28 (Reuters) - UBS Group Ag :CFO says expects wealth management cross-border outflows to continue this year at same level as last year, with peak in Q4.CFO says expect profits in Swiss business to decrease from current levels, expects quarterly pre-tax profit in short- to medium-term to be in region of 350 million Swiss francs.CEO says bank remains committed to strategy and returns policy.CFO says expects optimism to continue showing in heightened U.S. transaction activity.CEO says no updates on situation with U.S. Department of Justice on settlement of RMBS matter.CEO says will decide on future of banks' British operations in response to Brexit towards end of summer, beginning of fall.CEO says looking at other potential locations besides sites in Frankfurt and Spain as possibilities for the bank's new European Union hub.CEO says Britain not helping industry to keep jobs in London, do see forced to possibly trigger contingency plans.CEO says have to be realistic that French election still an open item, have seen rapid changes in voter sentiment.CFO says hard to assess impact of U.S. administration's provisional tax plan due to a "complete lack of detail".  Full Article

UBS says around 0.3 bln Sfr net NII headwinds expected in 2017
Wednesday, 22 Mar 2017 03:59am EDT 

UBS Group Ag : UBS CEO Ermotti says in conference presentation around 0.3 billion Sfr net NII headwinds expected in 2017 (versus. 2016) partly due to higher funding costs and revised equity attribution framework .UBS CEO conference presentation says impact would principally affect the investment bank, personal & corporate banking and wealth management.  Full Article

Northern Trust to acquire fund services units of UBS in Luxembourg and Switzerland
Monday, 20 Feb 2017 01:00am EST 

Ubs Group AG : Northern Trust to acquire fund services units of UBS in Luxembourg and Switzerland . UBS Group -Entered agreement for Northern Trust to acquire UBS asset management's fund administration servicing units in Luxembourg and Switzerland. . Goldman Sachs International served as financial advisor to Northern Trust on transaction. . Transaction is expected to close in second half of 2017 .UBS - Upon completion of deal , Northern Trust will become fund administration services provider for funds with approximately CHF420 billion in assets.  Full Article

UBS CEO says appropriately provisioned for RMBS cases
Friday, 27 Jan 2017 06:00am EST 

UBS Group Ag : UBS CEO says believes we are appropriately provisioned for rmbs cases . UBS CEO says timing of resolution to RMBS cases not in our control . UBS CEO says we are planning as for the worst on Brexit but assuming it won't happen, hope to have more clarity by the end of summer time, early autumn Further company coverage: [UBSG.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

UBS expects net new money growth at low end of target in 2017
Friday, 27 Jan 2017 04:35am EST 

UBS Group AG : Ubs ceo says with respect to net new money, we remain disciplined . Ubs ceo says in short term, leverage ratio may fluctuate around 3.5 cet1 2020 threshold . Ubs ceo says welcome postponement of basel iv . Ubs cfo says anticipates uptick in client activity in q1 . Ubs cfo says expects net new money growth rate to remain around lower end of target range in 2017 due to regularisation outflows . Ubs cfo says we continue to value asset management division . Ubs cfo says expects restructuring expenses to taper from 2018 . Ubs ceo says french tax case not just a financial consideration but a reputational one, hard to make predications around timing of any resolution . Ubs ceo says big difference between confidence of u.s. Clients and clients in the rest of the world . Ubs ceo says inflows into wealth management americas should increase with improving investor confidence . Ubs ceo says the only time we may have to look at our business mix and capital allocation is after finalisation of new basel rules . Ubs ceo says expect this to effect swiss mortgage and corporate businesses rather than other parts of bank . Ubs cfo says will see some tapering of regularisation outflows in 2018.  Full Article