UBS

Business

UBS to pay hundreds of millions to settle Credit Suisse US tax probe

UBS agreed to pay hundreds of millions of dollars to settle the US tax probe into Credit Suisse after a two-year investigation. UBS said that it was "not involved in the underlying conduct and has zero tolerance for tax evasion".

6 May 2025

Business

BNP Paribas surges on earnings beat, UBS slumps after disappointment

Shares of BNP Paribas surged after the French bank posted strong fourth-quarter results, with net income up 15.7% to €2.32bn and a dividend hike. UBS fell sharply as earnings missed estimates, with CEO Sergio Ermotti warning of rising Swiss capital requirements.

4 February 2025

Business

Swiss banking giant UBS beats forecasts with leap in profits

High profit and progress on the integrations of collapsed competitor Credit Suisse were the key takeaways of the bank’s quarterly report.

30 October 2024

Business

Swiss regulator orders UBS to strengthen emergency protocol

The bank must step up its risk management given the takeover of Credit Suisse, according to the regulator FINMA.

15 October 2024

Business

UBS sees profits soar as Credit Suisse deal boosts revenue

UBS's net profits soar above forecasts on a combination of cost-cutting measures, increased revenue through its global wealth management and investment bank units and the integration of Credit Suisse.

14 August 2024

Business

UBS sets aside €800 million for investors hit by Greensill collapse

After taking over Credit Suisse in 2023, Swiss bank UBS is now clearing up the mess left by its former rival.

17 June 2024

Business

UBS returns to profit for the first time since Credit Suisse takeover

The Swiss banking giant's shares were up more than 9% after the earnings report.

7 May 2024

Markets

UBS stock rises as Swiss banking giant launches €1.8bn share buyback

UBS stock rose on Tuesday morning as the Swiss banking giant announced in a statement on its website that it was launching a share buyback of $2 billion (around €1.8bn) over the next two years.

2 April 2024

Business

How much did Europe's best-paid bank boss earn last year?

The highest amount went to Swiss bank UBS' CEO Sergio Ermotti, who has overseen the government-brokered rescue of Credit Suisse.

28 March 2024

Business

Swiss banking giant UBS sees hopeful future, despite present losses

The Swiss bank has reported pre-tax losses in the last three months of 2023 but has impressive goals, including raising dividends.

6 February 2024

Economy

Here’s why Switzerland may not go for a minimum corporate tax rate

Switzerland may now be turning back on a minimum corporate tax rate, proposed by the OECD.

4 December 2023

Business

How high interest rates created a healthier housing market

A closer look at house prices in 25 major cities around the world shows a sharp decline in prices, according to a study.

25 November 2023

Business

Why UBS faces another trial after being found guilty of tax fraud

France’s highest court ruled on Wednesday that a new trial should be held over a €1.8 billion ($1.95 billion) fine against UBS for allegedly promoting illegal banking services and money laundering in the country.

16 November 2023

Business

UBS shares up by 4% despite $785 million loss following Credit Suisse

UBS shares were up by 4% as the Swiss banking giant cut costs faster than expected while moving forward with its merger with rival Credit Suisse.

7 November 2023

Switzerland

Central banks move to prevent crisis after UBS buys Credit Suisse

The deal serves as a buffer to ease tensions in global funding markets

20 March 2023

France

French court fines UBS 4.5 billion euros for facilitating tax avoidance

A French court has fined Swiss banking group UBS up to 4.5 billion euros on charges it helped conceal deposits and assets to allow tax avoidance

20 February 2019