UBS

UBS Group AG is a Swiss multinational investment bank and financial services company founded and based in Switzerland. Co-headquartered in the cities of Zürich and Basel, it maintains a presence in all major financial centers as the largest Swiss banking institution in the world.

Source: ubs.com

AI Reshapes Banking: Promises and Pitfalls as Industry Grapples With Transformation
AI Reshapes Banking: Promises and Pitfalls as Industry Grapples With Transformation
July 03, 2024  |  Artificial Intelligence

As artificial intelligence revolutionizes the banking sector, industry leaders from UBS and McKinsey highlighted the potential and challenges facing financial institutions. Concerns range from return...

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BNP Paribas CEO Jean-Laurent Bonnafé: Europe’s Regulations Limit Bank Mergers
BNP Paribas CEO Jean-Laurent Bonnafé: Europe’s Regulations Limit Bank Mergers
May 14, 2024  |  Banking

BNP Paribas CEO Jean-Laurent Bonnafé reportedly expressed skepticism about the potential for a revival of mergers and acquisitions (M&A) activity in European banking. Speaking Tuesday...

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Swiss National Bank Says Merchant Cash Acceptance Unchanged Since 2021
Swiss National Bank Says Merchant Cash Acceptance Unchanged Since 2021
February 23, 2024  |  Cash

Swiss National Bank (SNB) Vice Chairman Martin Schlegel said Friday (Feb. 23) that physical cash will never disappear from use in Switzerland, despite the popularity...

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Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
Barclays’ 2023 Layoffs Reached 5,000 as Banks Cut Back
January 08, 2024  |  Banking

Barclays reportedly laid off about 5,000 workers in 2023 as part of a cost-cutting campaign. A spokesperson for the British bank told Reuters Monday (Jan. 8)...

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UBS Lowers Peloton Price Target Amid Uncertainty Around Subscription Growth
UBS Lowers Peloton Price Target Amid Uncertainty Around Subscription Growth
September 25, 2023  |  Subscription Commerce

Peloton Interactive is reportedly grappling with a decline in revenue and growth forecasts. UBS analysts, led by Arpine Kocharyan, have revised the fitness equipment and digital media company’s...

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Report: Global Wealth Fell for 1st Time Since 2008 Crisis
Report: Global Wealth Fell for 1st Time Since 2008 Crisis
August 16, 2023  |  Economy

The world had fewer millionaires at the end of 2022 than at the beginning. That’s according to a report issued Tuesday (Aug. 15) by UBS and Credit Suisse showing that global...

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Numarics Raises €10.2 Million to Offer Small Businesses All-in-One Digital CFO Solution
Numarics Raises €10.2 Million to Offer Small Businesses All-in-One Digital CFO Solution
July 06, 2023  |  Back-office

Swiss FinTech startup Numarics has raised €10 million ($10.9 million) in a seed funding round, offering small and medium-sized businesses (SMBs) a digital CFO solution...

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Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation
Credit Suisse, UBS and US Banks Reportedly Face DOJ Investigation
March 24, 2023  |  Banking

Credit Suisse, UBS and some U.S. banks are reportedly being investigated. Individuals at the two Swiss banks and the unspecified major U.S. banks were recently...

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Klarpay CEO Said Providers Must Confront Liquidity Management Challenges With Instant Payments Use
Klarpay CEO Said Providers Must Confront Liquidity Management Challenges With Instant Payments Use
March 23, 2023  |  Real-Time Payments

European real-time payments have seen historic growth in recent years. In fact, some European countries like the U.K., Sweden and Finland have even gone a...

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