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UBS to Launch Buyback of Up to $2 Billion

By Adria Calatayud

UBS Group plans to launch a new share-buyback program of up to $2 billion.

The Swiss banking giant on Tuesday confirmed its expected share repurchases for 2024 will...

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Renault to Make Electric Vans for Venture With Volvo, CMA CGM at French Plant

By Adria Calatayud

Renault said it plans to build a new generation of electric vans for its Flexis joint venture with Swedish truck maker Volvo and shipping company CMA CGM at its plant in...

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UBS Restarts Buybacks With Program of Up to $2 Billion -- Update

By Adria Calatayud

UBS Group said it plans to repurchase up to $2 billion of its own stock, restarting share buybacks that were put on hold last year due to its acquisition of Credit Suisse....

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UBS Restates 2023 Net Profit After Cutting Estimate of Credit Suisse Gain

By Adria Calatayud

UBS Group said its net profit was lower than previously reported after reducing its fair-value estimate on the acquisition of Credit Suisse.

The Swiss banking giant said...

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UBS Gives CEO Ermotti Nearly $16 Million in 2023 Compensation

By Adria Calatayud

UBS Group said Chief Executive Sergio Ermotti's total compensation amounted to 14.4 million Swiss francs last year, a 14% increase compared with what his predecessor Ralph...

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UBS CEO Ermotti to Stay to See Through Credit Suisse Integration — Update

UBS CEO Ermotti to Stay to See Through Credit Suisse Integration — Update
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UBS CEO Ermotti to Stay to See Through Credit Suisse Integration -- Update

By Adria Calatayud

UBS Group said Sergio Ermotti is set to stay as chief executive officer to see through the integration of Credit Suisse, and sought to address concerns about its size and...

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UBS, Apollo Complete Carveout of Former Credit Suisse Business -- Update

By Adria Calatayud

UBS Group and Apollo Global Management agreed to take the final step in the carveout of Credit Suisse's former securitized products business, as the banking giant presses...

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UBS, Apollo to End Deals Managing Former Credit Suisse Unit

By Adria Calatayud

UBS Group and Apollo Global Management said they agreed to end investment management and transition services deals for Credit Suisse's former securitized products business,...

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Orange to Get About $4.8 Billion From Merger of Spanish Unit With MasMovil

By Adria Calatayud

Orange will receive around 4.4 billion euros from a planned merger of its Spanish business with MasMovil, the companies said Tuesday.

The telecommunications companies...

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