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UBS Group AG (UBS.N)

UBS.N on New York Stock Exchange

28 Apr 2017
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$0.28 (+1.67%)
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Latest Key Developments (Source: Significant Developments)

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

UBS sees consolidation as one option, not only option - CEO
Friday, 27 Jan 2017 01:53am EST 

Ubs Group AG : UBS CEO says Trump election has translated into more investor activity in u.s., more muted in rest of world - cnbc . UBS CEO says clients waiting for policy action by Trump administration to make investment decisions - cnbc .UBS CEO says consolidation is one option for bank but not only option - bloomberg tv.  Full Article

UBS's Ermotti: Dividend protection is priority this year
Friday, 28 Oct 2016 04:32am EDT 

UBS Group AG : CFO says can’t comment on any specific litigation matters after being asked if U.S. DOJ had set initial fine in rmbs case . CEO says aim is to increase baseline dividend but priority for this year is to protect dividend .CFO says currently at 8.7 billion sfr in issued at1, can assume we’re going to issue at1 until we meet regulatory requirement.  Full Article

UBS CFO says cost savings target will require higher restructuring expenses
Friday, 28 Oct 2016 03:30am EDT 

UBS Group Ag CFO tells analyst call: Continue to selectively hire in Asia, number of client advisers up 5 percent year on year -analyst call . Sees cumulative cost of around 400 million from negative interest rates on net interest income over the next 3 years . Achieving 2.1 billion sfr net cost savings target will now require higher restructuring expenses Further company coverage: [UBSG.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

UBS CEO says focused on current 2.1 bln Sfr cost cutting programme
Friday, 29 Jul 2016 05:02am EDT 

: UBS CFO says if there were another move by the U.S. Fed, would expect to see improvement in net interest income at bank's two wealth management businesses -Analyst call . UBS CFO says expects clients to keep large cash positions until risk appetite returns . UBS CEO says focused on current 2.1 billion Sfr cost cutting programme, when asked if bank could pursue further savings . UBS CFO says not giving a forecast for the moment on expected 2016 deferred tax assets Further company coverage: [UBSG.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

UBS CEO says premature to speculate on Brexit impact for London staff
Friday, 29 Jul 2016 04:59am EDT 

: UBS CEO Says no decisions yet on HQ Of Euro Bank which will consolidate European wealth management operations, expects decision in next couple of months pending regulatory approvals - Media call . UBS CEO says premature to speculate whether bank could move investment bank staff out of London post-Brexit Further company coverage: [UBSG.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

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