UBS Group Closes Takeover Of Credit Suisse

UBS Q2 Underlying Pre-tax Profit Climbs, Stock Up

Shares of UBS Group AG were gaining around 3 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the Swiss banking major reported Wednesday significant growth in second-quarter underlying profit before tax as revenues were benefited mainly by the consolidation of Credit Suisse revenues for the full quarter. Meanwhile, net profit and pre-tax profit...

RTTNews | 72 days ago

UBS Stock Climbs On Q1 Results, Sequential Return To Profit

Shares of UBS Group AG were gaining around 8 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the Swiss banking major reported Tuesday significantly higher profit and revenues in its first quarter. Sequentially, the company returned to profit, the first time following its takeover of Credit Suisse AG. UBS further said it expects to complete its...

RTTNews | 171 days ago

UBS Board Approves Execution Of UBS-Credit Suisse Merger

Swiss banking giant UBS AG (UBS) announced Thursday its Board of Directors has approved the execution of a merger of UBS AG and Credit Suisse AG. Following approvals from their respective Boards, both entities have entered into a definitive merger agreement.

RTTNews | 323 days ago

UBS Posts Q3 Loss On Credit Suisse Integration; Stock Up On Underlying Profit

Swiss banking major UBS Group AG reported Tuesday a loss in its third quarter, compared to prior year's profit, reflecting the integration of Credit Suisse. However, the company recorded an underlying profit in the first full quarter since acquisition, and revenues climbed from last year with good growth in all segments. UBS shares were gaining more than 3 percent in the morning trading in Switzer

RTTNews | 353 days ago

UBS Q2 Profit Soars, To Integrate Credit Suisse Swiss Unit; Stock Up

Shares of UBS Group AG were gaining around 6 percent in the morning trading in Switzerland as well as 5 percent in pre-market activity on the NYSE after the banking major reported Thursday significantly higher profit in its second quarter primarily reflecting a $29 billion negative goodwill on the acquisition of Credit Suisse Group, as well as higher revenues.

RTTNews | 421 days ago

UBS Completes Credit Suisse Takeover

Swiss banking major UBS Group AG said it has completed the acquisition of domestic rival Credit Suisse Group AG on Monday. The troubled banking firm has been merged into UBS, and the combined entity will now operate as a consolidated banking group. It was in mid March that UBS agreed to buy Credit Suisse for 3 billion Swiss francs or about $3.24 billion after the latter lost much of its value...

RTTNews | 501 days ago

UBS Stock Dips On Weak Q1 Results; Sees Higher Net Interest Income

Shares of UBS Group AG were losing around 4 percent in the morning trading in Switzerland as well as in pre-market activity on the NYSE after the banking major reported Tuesday sharply lower profit in its first quarter due to increased U.S. litigation provision and weak revenues. The Swiss bank, which is in deal to buy domestic peer Credit Suisse Group AG, also warned about ongoing uncertainties

RTTNews | 549 days ago

Swiss Federal Agency Starts Probe On Credit Suisse Takeover

Switzerland's Federal Prosecutor has initiated an investigation into Credit Suisse Group AG's recent takeover by domestic rival UBS Group AG in the midst of the banking turmoil, reports said. The Swiss Attorney General's Office is looking into potential breaches of the country's criminal law in the government- supported takeover and is gathering evidence to identify possible crimes.

RTTNews | 571 days ago

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