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UBS Group AG [nb 1] is a multinational investment bank and financial services company founded and based in Switzerland. Headquartered in Zürich, it maintains a presence in all major financial centres as the largest Swiss banking institution and the largest private bank in the world.
UBS expects to shed around 3,000 jobs in Switzerland to help it cut $10 billion in costs as it undertakes a sweeping overhaul following its emergency rescue of Credit Suisse earlier this year.
Completed. 12 June 2023. On 19 March 2023, Swiss bank UBS Group AG agreed to buy Credit Suisse for CHF 3 billion ( US$ 3.2 billion) in an all-stock deal brokered by the government of Switzerland and the Swiss Financial Market Supervisory Authority. [1] [2] [3] The Swiss National Bank supported the deal by providing more than CHF 100 billion ...
Robert Wolf (born March 8, 1962) is the former Chairman and CEO of UBS Americas as well as the president and chief operating officer of UBS Investment Bank.. He is the founder of 32 Advisors, a holding company which includes the direct investing arm 32 Ventures, the bipartisan economic insights company Strategic Worldviews, and advisory services for corporate clients on financial matters, risk ...
UBS has shared a desire for “cost synergies” as it integrates Credit Suisse. On a Feb. 7 investors call, the bank said it planned to achieve $13 billion in overall “gross cost saves” by ...
UBS pledged in February to slash costs by $13 billion by the end of 2026, including by cutting thousands of jobs, as it works to make sure the mammoth deal pays off.
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