UBS

UBS Group AG is planning to cut more than half of Credit Suisse Group AG’s 45,000-strong workforce starting next month as a result of the bank’s emergency takeover. Bankers, traders, and support staff at Credit Suisse’s investment banks in…

UBS on Tuesday reported a 24% fall in third-quarter net profit on a decline in market activity, although it beat expectations due to a rise in new money inflows. Its shares were indicated to start 1% higher. The Swiss bank posted a…

Credit Suisse, which has been rocked by a spying scandal, announced Friday that chief executive Tidjane Thiam had resigned and would be replaced by the current head of the bank's Swiss operations. "The Board of Directors of Credit…

The world’s richest people became a little ‘poorer’ last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time in a decade. Billionaires’…

The world’s richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time in a decade.…

Higher tariffs on Chinese goods could force 12,000 stores to close within a year and put more than $40 billion of sales at risk, UBS analyst Jay Sole wrote in a research note. "The market is not realizing how much brick-and-mortar…