Noticias de dinero

UBS sees upside but maintains PH forecast

PHILIPPINE economic growth will likely pick up this year but still fall below target, the research unit of Swiss-based multinational UBS said. “For the Philippines, we are quite cautiously optimistic,” UBS Senior Asean Economist Grace Lim told reporters on Wednesday. Lim said that UBS was keeping its 5.7-percent forecast for Philippine growth, “with some upside

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Noticias de dinero

UBS to give report on first full-year results

ZURICH, Switzerland: Swiss banking giant UBS will on Tuesday report its first full-year results since swallowing rival Credit Suisse, with investors keen for details on a US-centered growth strategy hinted at by the mega-bank. Clues as to how Switzerland’s largest bank plans to reward its shareholders after the dramatic takeover will also be of interest,

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Noticias de dinero

Activist Cevian places €1.2bn bet on UBS

Stay informed with free updates Simply sign up to the World myFT Digest — delivered directly to your inbox. This article is an on-site version of our FirstFT newsletter. Sign up to our Asia, Europe/Africa or Americas edition to get it sent straight to your inbox every weekday morning Good morning. We have an exclusive

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Noticias de dinero

Credit Suisse brand to disappear – UBS chief

ZURICH: The Credit Suisse brand will eventually disappear, the head of UBS told the Swiss daily Le Temps on Tuesday, saying it was not realistic to keep two brands after having rescued its failing Swiss rival earlier this year. During a forum organized by the Swiss newspaper, UBS chief Sergio Ermotti said that the Credit

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Global

UBS shares dip as US Department of Justice probe into Russian sanction evasion

UBS shares experienced a significant dip as the US Department of Justice launched an intensified investigation into alleged compliance failures that aided Russian clients in evading sanctions. ADVERTISEMENT UBS, the Swiss investment bank, shares experienced a notable decline on Wednesday following reports that the US Department of Justice has intensified its investigation into alleged compliance

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Noticias de dinero

UBS to absorb Credit Suisse domestic unit

ZURICH: Banking giant UBS said on Thursday it would fully absorb the Swiss unit of its recently swallowed rival Credit Suisse into its operations, without spelling out the implications for job cuts. Switzerland’s largest bank, which was strong-armed into a $3.25-billion takeover of its closest domestic rival in March to keep it from going under,

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Noticias de dinero

UBS set to post first earnings results

ZURICH: As UBS prepares to post earnings this week, investors and employees are eagerly awaiting clues as to how Switzerland’s largest bank is faring after swallowing its fallen rival Credit Suisse. UBS is due to release its second-quarter income statement on Thursday, the first results presented since the mega-merger that rocked the Swiss banking scene

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Global

UBS and Inside Paradeplatz settle lawsuit after Credit Suisse dispute

UBS and Inside Paradeplatz have settled a lawsuit initially brought against the popular Zurich based finance blog by Credit Suisse, the publication said on Tuesday. As part of the settlement, Inside Paradeplatz agreed to delete or amend user comments and three passages from posts. The remaining claims where dropped. A spokesperson for UBS confirmed that

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