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By Adria Calatayud UBS Group said it would reshuffle its executive board, splitting leadership of its key wealth-management division in two and bidding farewell to the last chief of Credit...
LONDON (Reuters) -Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) bonds, a form of debt, more appealing to investors by protecting them from a wipeout, and also signed off on UBS CEO Sergio Ermotti's pay package. The vote from the Norwegian fund, UBS' second-largest shareholder, at the bank's annual general meeting this week is a boost for UBS, which is seeking to prop up its capital buffers to satisfy Swiss regulators' demands as it integrates its former rival Credit Suisse. The bonds can be converted into equity or writt...
ZURICH: UBS has sealed the sale of Credit Suisse’s securitised products business to Apollo Global Management as part...
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...
ZURICH: UBS has sealed the sale of the securitised products business of Credit Suisse to Apollo Global Management,...