UBS has no plans to leave Switzerland, the bank's compliance and governance chief Markus Ronner said on Friday amid a debate on how to regulate the country's biggest lender.
Evan Brown, UBS Asset Management portfolio manager and head of multi-asset strategy, joins 'Squawk Box' to discuss the latest market trends, state of the economy, impact of policy uncertainty, how investors should position their portfolios right now, and more.
UBS expects the S&P 500 to underperform ahead while short-term treasury bonds should outperform.
Copper prices have hit a 10-month peak, mining analysts at UBS flagged on Wednesday. The metal hit US$4.58 per pound, up 1.8%, which UBS suggested was supported by "tailwinds" of renewed speculation around President Donald Trump's tariffs.
Europe's second-highest court on Wednesday sided with EU antitrust regulators which four years ago penalised UBS , UniCredit , Nomura , Bank of America , Natixis and Portigon for taking part in a government bond cartel.
UBS Group AG is exploring options to relocate its headquarters if Switzerland enforces a requirement for the bank to hold an extra $25 billion in capital, Bloomberg News reported on Thursday, citing people familiar with the matter.
UBS CEO Sergio Ermotti on Wednesday urged authorities to improve their ability to detect problems at banks as he sought to find common ground over efforts to overhaul the Swiss banking sector following the 2023 demise of Credit Suisse.
Switzerland's finance ministry has fined Lara Warner, former compliance chief of collapsed lender Credit Suisse, 100,000 Swiss francs ($114,000), according to a Swiss government order seen by Reuters on Wednesday.
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The Swiss government will not be swayed by "intense" lobbying from UBS as its draws up new rules for the country's financial sector, Finance Minister Karin Keller-Sutter said in an interview published on Tuesday.
UBS is considering divesting part of its asset management unit to revamp its smallest business unit.
After the gold price notched a new record high above $3,000 per ounce at the end of last week, the price is trundling sideways at just under $2,900 this morning. The metal has gained 14% in the year to-date, following a 27% gain in 2024.