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UBS Group AG (UBSG.S)

UBSG.S on Virt-X Level 1

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4:30pm GMT
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Latest Key Developments (Source: Significant Developments)

UBS weighs asset management deals in quest for scale - Bloomberg
Tuesday, 30 Oct 2018 

Oct 30 (Reuters) - :UBS WEIGHS ASSET MANAGEMENT DEALS IN QUEST FOR SCALE - BLOOMBERG, CITING SOURCES.  Full Article

UBS expects 300 mln Sfr annual net interest income boost from currency change
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - UBS Group AG ::SAYS 250 MILLION SFR GLOBAL WEALTH MANAGEMENT COST SYNERGIES IDENTIFIED TO BE REINVESTED INTO BUSINESS GROWTH INITIATIVES - PRESENTATION SLIDES.SAYS ROUGHLY 600 MILLION SFR INVESTMENTS BY 2021 TO IMPLEMENT GLOBAL WEALTH MANAGEMENT PLATFORMS, CREATING WEALTH MANAGEMENT AMERICAS PLATFORM (2021) AND CONVERGING ITALY (2020) AND TAIWAN (2021) ONTO WEALTH MANAGEMENT PLATFORM - PRESENTATION SLIDES.SAYS EXPECTS ANNUAL 300 MILLION SFR BENEFIT TO NET INTEREST INCOME FROM CHANGING FUNCTIONAL CURRENCY TO US DOLLAR STARTING IN Q1 2019 - PRESENTATION SLIDES.  Full Article

UBS says M&A to shape European bank landscape, outlines Brexit costs
Tuesday, 24 Jul 2018 

July 24 (Reuters) - UBS Group AG ::SAYS FURTHER SHARE BUYBACKS IN CURRENT YEAR DEPEND ON BUSINESS AND CAPITAL DEVELOPMENT.SAYS BREXIT DUE TO COST UBS OVER 100 MILLION SFR.UBS GROUP CEO ERMOTTI SAID BANK WANTS TO CONTINUE BOOSTING PROFITABILITY.UBS GROUP CFO SAYS WEALTH MANAGEMENT MEASURES TO HELP SAVE OVER 100 MILLION SWISS FRANCS IN COSTS.UBS GROUP CFO SAYS CLIENTS LESS WILLING TO LEVERAGE INVESTMENTS WITH LOMBARD LOANS IN LIGHT OF FEAR OVER TRADE WAR, GEOPOLITICAL RISKS THAT MAKE THEM LESS CERTAIN OF BEING ABLE TO GENERATE RETURNS.UBS GROUP SAYS UNLIKELY THAT REGULATORY COSTS WILL SINK.UBS GROUP SAYS CUSTOMERS ARE HOLDING MORE CASH, ARE VERY CAUTIOUS ABOUT INVESTING.UBS GROUP SAYS HAS MADE SUFFICIENT PROVISIONS FOR RMBS TRUSTEE SETTLEMENT.UBS GROUP SAYS THINKS INVESTMENT BANK IS THE APPROPRIATE SIZE.UBS GROUP SAYS TAKEOVERS WILL DEFINE THE FUTURE OF THE EUROPEAN BANKING LANDSCAPE.UBS GROUP SAYS DOES NOT WANT TO INTRODUCE NEW STRATEGY AT CAPITAL MARKETS DAY LATER THIS YEAR, BUT RATHER DISCUSS HOW THE BANK WILL IMPLEMENT EXISTING STRATEGY.  Full Article

UBS Group AG Says Confirms 2020 Financial Targets
Tuesday, 24 Jul 2018 

July 24 (Reuters) - UBS Group AG ::SAYS IN JULY 2018, UBS AND TRUSTEE ENTERED INTO AN AGREEMENT UNDER WHICH UBS WILL PAY USD 850 MILLION TO RESOLVE RMBS RELATED LITIGATION, SAYYS SIGNIFICANT PORTION OF COSTS TO BE BORNE BY OTHER PARTIES.SAYS CONFIRMS 2020 FINANCIAL TARGETS.  Full Article

UBS says sees no issue in increasing RWA for right returns
Monday, 23 Apr 2018 

April 23 (Reuters) - UBS Group AG executives in a call with analysts and journalists on Monday said::LOOKING AHEAD, MOMENTUM IS POSITIVE.EXPECT PRE-TAX PROFIT IN ASSET MANAGEMENT TO REMAIN AROUND CURRENT LEVELS IN COMING QUARTERS.CONFIDENT WILL TAKE COST/INCOME RATIO BELOW 75 PERCENT.AIMING TO INCREASE EFFICIENCY IN WEALTH MANAGEMENT, AIMING FOR WEALTH MANAGEMENT COST/INCOME RATIO BELOW 70 PERCENT IN COMING YEARS.WITH REGARDS TO INVESTMENT BANKING, HAVE NO PROBLEM INCREASING RISK-WEIGHTED ASSETS IF THE RETURNS ARE AS SEEN IN Q1.DISCUSSING BACK-OFFICE COOPERATION WITH OTHER BANKS IN SWITZERLAND AND INTERNATIONALLY.  Full Article

UBS says issued dual-tranche 2.5 bln euro senior benchmark transaction
Thursday, 19 Apr 2018 

April 19 (Reuters) - UBS Group AG ::SAYS HAS ISSUED A DUAL-TRANCHE EUR 2.5 BILLION SENIOR BENCHMARK TRANSACTION.SAYS transaction CONSISTS OF A 3-YEAR EUR 1.25 BILLION FLOATING RATE NOTE MATURING ON 23 APRIL 2021 AND A 4.8-YEAR EUR 1.25 BILLION FIXED RATE NOTE MATURING ON 23 JANUARY 2023.  Full Article

UBS To Redeem $1.5Bn Tier 2 Subordinated Notes on May 22
Friday, 6 Apr 2018 

April 6 (Reuters) - UBS Group AG ::UBS SAYS INTENDS TO REDEEM THE TOTAL OUTSTANDING USD 1.5BN TIER 2 SUBORDINATED NOTES (ISIN: CH0214139930) (THE "NOTES") ON 22 MAY 2018, THE FIRST OPTIONAL REDEMPTION DATE.  Full Article

UBS CFO: 2 bln Sfr a 'starting point' for share buyback programme
Monday, 22 Jan 2018 

Jan 22 (Reuters) - Ubs Group Ag ::CEO SAYS COMFORTABLE REMAINING LITIGATION ISSUES MANAGEABLE, BUT WILL TAKE TIME TO RESOLVE‍​.CEO SAYS DISCIPLINED EXECUTION REMAINS OUR NUMBER ONE PRIORITY.CEO SAYS WILL LIKELY MAKE SMALL ACQUISITIONS IN WEALTH MANAGEMENT TO EXPAND POSITION IN ATTRACTIVE REGIONS AND SEGMENTS.CFO SAYS EXPECTS ROUGHLY 500 MILLION SFR RESTRUCTURING COSTS IN 2018.CFO SAYS STARTING POINT FOR SHARE BUYBACK PROGRAMME IS 2 BILLION SFR BUT WOULD EXPECT TO CONSIDER MORE GOING FORWARD.  Full Article

UBS CEO says expects volatility to increase in H2 - CNBC‍​
Monday, 22 Jan 2018 

Jan 22 (Reuters) - UBS Group Ag CEO says on CNBC::EXPECTS VOLATILITY TO INCREASE IN 2ND HALF OF 2018 ‍​.NOT COMFORTABLE WITH CURRENT GEOPOLITICAL EVENTS.  Full Article

UBS Announces Changes To Group Executive Board
Thursday, 14 Dec 2017 

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

Swiss stocks - Factors to watch on Nov. 9

ZURICH/BERLIN, Nov 9 The Swiss blue-chip SMI was seen opening 0.3 percent lower at 9,065 points on Friday, according to premarket indications by bank Julius Baer . Here are some of the main factors that may affect Swiss stocks: