UBS' strategic partnerships and acquisitions support its financials. Yet, rising costs remain a concern.
Kelvin Tay of UBS Global Wealth Management says market reaction has been 'over euphoric' in its reaction to the U.S.-China trade deal. He says the weakness in the dollar is due to expectations of slower growth and higher inflation in the U.S..
A top Swiss court has ruled that the Swiss government's reductions and cancellations of bonus payments to former executives of Credit Suisse after the bank failed in 2023 were unlawful, according to the ruling published late on Tuesday.
UBS agrees to pay $511 million to resolve a tax probe by the U.S. Department of Justice against Credit Suisse.
Flutter Entertainment plc (NYSE:FLUT ) Q1 2025 Earnings Conference Call May 7, 2025 4:30 PM ET Company Participants Paul Tymms - Group Director, Investor Relations Peter Jackson - Chief Executive Officer Rob Coldrake - Chief Financial Officer Conference Call Participants Ed Young - Morgan Stanley Jordan Bender - Citizens Bank Jed Kelly - Oppenheimer Bernie McTernan - Needham & Company Ben Shelley - UBS Clark Lampen - BTIG Brandt Montour - Barclays Joe Stauff - Susquehanna Monique Pollard - Citi Robert Fishman - MoffettNathanson Barry Jonas - Truist Securities John DeCree - CBRE Adrien de Saint Hilaire - Bank of America Robin Farley - UBS Chad Beynon - Macquarie Operator Ladies and gentlemen, thank you for standing by. My name is Krista, and I will be your conference operator today.
The former employees set to strike it rich for telling U.S. authorities Credit Suisse wasn't living up to its promise to block tax evasion.
UBS Group teams up with General Atlantic to expand investing clients' and borrowers' access to a broader set of direct lending and other credit products.
The Department of Justice (DOJ) said Credit Suisse Services AG will hand over more than $510 million in penalties for its part in aiding U.S. taxpayers in skirting the IRS through offshore accounts.
The Swiss bank, which acquired Credit Suisse in 2023, settled the U.S. probe into violations of an agreement with the DOJ over American clients who evaded taxes.
Credit Suisse will pay about $511 million to settle a criminal case for having conspired with American taxpayers to hide more than $4 billion in at least 475 offshore accounts. The conspiracy allowed "ultra-high-net-worth and high-net-worth individual clients" of the Swiss corporation to evade their U.S. tax obligations from 2010 through 2021, the Department of Justice said.
UBS's first-quarter 2025 results reflect strong performances of the Global Wealth Management, Asset Management and Investment Bank divisions.
UBS Group AG (NYSE:UBS ) Q1 2025 Earnings Conference Call April 30, 2025 3:00 AM ET Company Participants Sarah Mackey - Head of Investor Relations Sergio Ermotti - Group Chief Executive Officer Todd Tuckner - Group Chief Financial Officer Conference Call Participants Jeremy Sigee - Exane BNP Paribas Giulia Miotto - Morgan Stanley Kian Abouhossein - JPMorgan Stefan Stalmann - Autonomous Benjamin Goy - Deutsche Bank Amit Goel - Mediobanca Andrew Coombs - Citi Chris Hallam - Goldman Sachs Piers Brown - HSBC Operator Ladies and gentlemen, good morning. Welcome to the UBS First Quarter 2025 Results.