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Brenna Hughes Neghaiwi

Ermotti hands $1.5 billion buyback baton to Hamers after UBS profit blowout

Oct 20 2020

ZURICH UBS doubled third quarter profit and set aside $2.5 billion to return to shareholders next year, a lucrative passing of the baton from CEO Sergio Ermotti to Ralph Hamers, as the Swiss bank reaped the benefits of helping the world's ultra-rich navigate the COVID-19 crisis.

UBS gives employees COVID bonus of one week's pay, softens career exit

Oct 20 2020

ZURICH UBS is giving lower-ranking employees an extra week's pay this year in light of the COVID-19 pandemic and adding a financial softener for employees looking to exit finance, the world's largest wealth manager said on Tuesday.

UBS gives employees COVID bonus of one week's pay, softens career exit

Oct 20 2020

ZURICH UBS is giving lower-ranking employees an extra week's pay this year in light of the COVID-19 pandemic and adding a financial softener for employees looking to exit finance, the world's largest wealth manager said on Tuesday.

UBS gives employees COVID bonus of one week's pay, softens career exit

Oct 20 2020

ZURICH UBS is giving lower-ranking employees an extra week's pay this year in light of the COVID-19 pandemic and adding a financial softener for employees looking to exit finance, the world's largest wealth manager said on Tuesday.

UPDATE 2-Julius Baer warns of goodwill hit to FY as 9-month profitability rises

Oct 19 2020

* Bank flags 177 mln euro goodwill impairment for FY (Adds market reaction)

Barclays to enter new European private banking markets in 2021

Oct 07 2020

ZURICH Barclays plans to enter four new European private banking markets in 2021, its regional manager for the business told Reuters.

UBS mum on role in 'inevitable' European bank consolidation

Sep 24 2020

ZURICH UBS Chief Executive Sergio Ermotti joined other banking executives on Tuesday in declaring consolidation of the European sector "inevitable", declining comment on whether Switzerland's biggest bank plans to participate.

Expected bank merger wave puts Deutsche Bank on stand-by

Sep 22 2020

FRANKFURT/ZURICH Deutsche Bank is preparing for a wave of mergers, its finance chief said on Tuesday, in a potential change for Germany's biggest lender, which has been focused firmly on a turnaround.

UBS mum on role in "inevitable" European bank consolidation

Sep 22 2020

ZURICH UBS Chief Executive Sergio Ermotti joined other banking executives on Tuesday in declaring consolidation of the European sector "inevitable", declining comment on whether Switzerland's biggest bank plans to participate.

Facebook-backed Libra appoints former HSBC exec to head cryptocurrency

Sep 17 2020

ZURICH The Facebook-backed Libra project has appointed former HSBC European head James Emmett to lead Libra's operational unit tasked with developing and operating the project's cryptocurrency payments system, the Libra Association said on Thursday.

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