Edition:
United States

UBS Group AG (UBS)

UBS on New York Consolidated

17.48USD
8 Dec 2017
Change (% chg)

$0.44 (+2.58%)
Prev Close
$17.04
Open
$17.40
Day's High
$17.52
Day's Low
$17.40
Volume
3,498,929
Avg. Vol
1,638,401
52-wk High
$18.31
52-wk Low
$15.10

Latest Key Developments (Source: Significant Developments)

UBS Announces Changes To Group Executive Board
1:15am EST 

Dec 14 (Reuters) - UBS Group Ag ::UBS ANNOUNCES CHANGES TO GROUP EXECUTIVE BOARD.UBS GROUP AG-MARTIN BLESSING, CURRENTLY PRESIDENT PERSONAL & CORPORATE BANKING AND PRESIDENT UBS SWITZERLAND, WILL BECOME PRESIDENT WEALTH MANAGEMENT.UBS GROUP AG -AXEL LEHMANN, CURRENTLY GROUP COO, WILL SUCCEED MARTIN BLESSING AS PRESIDENT PERSONAL & CORPORATE BANKING AND PRESIDENT UBS SWITZERLAND.  Full Article

Ex-associate director of UBS AG's Hong Kong branch gets 3-1/2-year imprisonment for bribery - ICAC
Thursday, 16 Nov 2017 04:21am EST 

Nov 16 (Reuters) - Hong Kong Independent Commission Against Corruption:Says Tu Bing, ex-associate director of UBS AG Hong Kong branch, gets three and a half years imprisonment for HK$1.46 million ($186,980.52) bribery.  Full Article

Hong Kong's ICAC charges ex-associate director of UBS for bribery
Friday, 27 Oct 2017 06:25am EDT 

Oct 27 (Reuters) - Hong Kong Independent Commission Against Corruption:Says charges former associate director of UBS AG Hong Kong branch for accepting bribes.Says the ex-associate director was guilty of HK$1.46 million ($187,100.33) bribery.  Full Article

Swiss watchdog alters capital rules for big banks
Friday, 27 Oct 2017 01:29am EDT 

Oct 27 (Reuters) - Swiss banking supervisor FINMA says::Swiss supervisor finma says - large banks: new capital adequacy treatment of holdings in subsidiaries, and update on recovery and resolution planning.Swiss supervisor finma says changing the way in which holdings in subsidiaries are treated when calculating capital adequacy requirements for switzerland's two large banks, credit suisse and ubs.Swiss supervisor finma says the changes will take effect retroactively as of 1 july 2017.Swiss supervisor finma says also providing information on the rebates granted to the two large banks in recognition of implemented measures to improve their global resolvability.Swiss supervisor finma says given their progress so far, finma sees the rebates as justified and has granted approximately one-third of the maximum rebate to both banks.  Full Article

UBS CEO says too early to talk about share buyback
Friday, 27 Oct 2017 01:25am EDT 

Oct 27 (Reuters) - Ubs Group AG :UBS CEO says too early to talk about share buyback - Bloomberg TV.  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

UBS CEO says bank is ready to respond to any Brexit impact - CNBC
Friday, 29 Jul 2016 01:39am EDT 

UBS CEO Ermotti tells CNBC: Says bank is flexible and ready to respond to any Brexit impact . Declines to comment on Monte Dei Paschi rescue speculation Further company coverage: [UBSG.S] (Reporting By Zurich newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article

French prosecution seeks tax fraud trial against Swiss bank UBS- AFP
Monday, 27 Jun 2016 11:49am EDT 

: French prosecution seeks tax fraud trial against Swiss bank UBS - AFP Further company coverage: [UBSG.S] (Bengaluru Newsroom: +1 646 223 8780).  Full Article

UBS says Paul Donovan to join as global chief economist in wealth management
Thursday, 2 Jun 2016 03:04am EDT 

UBS Group : Paul Donovan to join UBS wealth management as global chief economist Further company coverage: [UBSG.S] (Reporting by Zurich Newsroom) ((zurich.newsroom@thomsonreuters.com; +41 58 306 7336;)).  Full Article