Edition:
United Kingdom

UBS Group AG (UBSG.S)

UBSG.S on Virt-X Level 1

17.80CHF
16 Feb 2018
Change (% chg)

CHF0.15 (+0.85%)
Prev Close
CHF17.65
Open
CHF17.74
Day's High
CHF17.83
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CHF17.65
Volume
9,656,438
Avg. Vol
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52-wk High
CHF19.76
52-wk Low
CHF15.11

Latest Key Developments (Source: Significant Developments)

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

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

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 

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 

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 

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 

: 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 

: 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 

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

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Top banks' 2017 commodities revenue drops 42 percent to lowest since 2006

LONDON Commodities-related revenue at the 12 biggest investment banks fell by 42 percent last year to its lowest since at least 2006, a report by financial industry analytics firm Coalition said on Friday.