{
}
Switzerland's parliament has approved all regulatory proposals aimed at big banks following the Credit Suisse investigation, influencing upcoming legislation on UBS Group AG's capital requirements. Key measures include limiting capital relief for systemically important banks, enhancing the powers of financial regulator Finma, and revisiting the purpose of bank regulation to align with international standards. The government is expected to incorporate these demands into proposed legislation due in May.
Switzerland's Finance Minister Karin Keller-Sutter dismissed UBS Group AG's lobbying against stricter capital requirements, emphasizing the government's duty to protect taxpayers. The proposed regulations aim to ensure UBS can be effectively managed in a crisis, potentially requiring an additional $25 billion in capital. While acknowledging public frustration over banker bonuses, Keller-Sutter stated the government does not support capping remuneration for bankers.
Switzerland's Finance Minister Karin Keller-Sutter stated that the government will not be influenced by UBS Group AG's lobbying against stricter capital requirements. The focus is on ensuring UBS can be effectively wound down in a crisis, with discussions on imposing tougher capital rules that could require an additional $25 billion. While acknowledging concerns over banker bonuses, the government does not support capping remuneration for bankers.
UBS, Switzerland's largest bank, has tightened its work-from-home policy, requiring employees to be in the office at least three days a week. Additionally, staff can no longer work from home on Fridays followed by consecutive Mondays, aligning with similar policies from competitors like Deutsche Bank. Meanwhile, JPMorgan Chase has mandated a full return to the office, requiring employees to work on-site all five days a week.
Analysts have made several notable recommendations, including Kempen maintaining a Buy on Abivax but lowering the price target to USD 18. RBC Capital upgraded Anglo American to Sector Perform with a target of GBX 2310, while JP Morgan raised ArgenX's target to USD 805. Bernstein upgraded Veolia to Outperform with a target of EUR 38, and maintained Outperform for Dassault Aviation with a new target of EUR 305. Other adjustments include Eiffage's target raised to EUR 158.90 and UBS Group's target reduced to USD 35.
UBS Group AG operates through four main divisions: wealth management (50.9% of income), investment bank (20.8%), client and commercial bank (20.2%), and asset management (6.3%). As of the end of 2023, the group managed USD 792 billion in deposits and USD 639.8 billion in loans. The last closing price was 29.29 CHF, with an average target price of 31.94 CHF, indicating a potential increase of 9.05%.
UBS Group AG operates as a holding company with four main business segments: wealth management (50.9% of revenues), investment banking (20.8%), retail and corporate banking (20.2%), and asset management (6.3%). By the end of 2023, the Group is set to manage USD 792 billion in deposits and USD 639.8 billion in loans.
JPMorgan Chase has recruited Jens Becker, a managing director from UBS, to enhance its mergers and acquisitions capabilities, particularly in the energy, power, renewables, and metals and mining sectors. Becker, who will report to Jay Hofmann, is set to join the firm in June after a gardening leave. His extensive experience includes roles at Standard Chartered and Credit Suisse, contributing to JPMorgan's strategy to expand its M&A operations.
JPMorgan Chase has appointed Jens Becker, a managing director from UBS, to enhance its mergers and acquisitions capabilities, particularly in the energy, power, renewables, and metals and mining sectors. Becker, set to join in June, will report to Jay Hofmann and collaborate with Ben Wilson as part of the bank's strategy to expand its M&A business.
JPMorgan Chase has hired Jens Becker from UBS to enhance its mergers and acquisitions capabilities, particularly in the energy, power, renewables, metals, and mining sectors. Becker, who will join as Managing Director in June, will report to Jay Hofmann and collaborate with Ben Wilson. His extensive experience includes roles at Standard Chartered and Credit Suisse.
UBS Group AG
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Swiss lawmakers approve new regulations for major banks after Credit Suisse collapse
12:30 18.03.2025
swiss finance minister dismisses UBS lobbying for relaxed capital requirements
Swiss Franc
United States Dollar
UBS Group AG
Credit Suisse Strategic Income I
CHE
Colm Kelleher
Karin Keller-Sutter
11:03 18.03.2025
Swiss finance chief dismisses UBS lobbying against stricter capital requirements
Swiss Franc
United States Dollar
UBS Group AG
Credit Suisse Strategic Income I
CHE
Colm Kelleher
Karin Keller-Sutter
11:03 18.03.2025
ubs tightens work from home policy with new office attendance rules
United States Dollar
Deutsche Bank AG
UBS Group AG
JPMorgan Chase & Co.
DEU
USA
CHE
Jamie Dimon
Show more
10:11 18.03.2025
analysts update recommendations and price targets for key european companies
Euro
Swiss Franc
British Pound Sterling
United States Dollar
Eiffage SA
Veolia Environnement SA
Galderma Group N
Rubis
UBS Group AG
Thales
Dassault Aviation SA
Thales Hoss
J. P. Morgan
Leonard Bernstein
Show more
08:41 18.03.2025
ubs group reports strong income across diverse business divisions
07:26 18.03.2025
ubs group reports strong revenue distribution across core business segments
07:26 18.03.2025
JPMorgan hires UBS executive to enhance energy and resources dealmaking
Standard Chartered PLC
UBS Group AG
JPMorgan Chase & Co.
Credit Suisse Group Ltd.
USA
Jens Becker
Jay Hofmann
Ben Wilson
Show more
20:47 17.03.2025
JPMorgan hires UBS executive to enhance energy and commodities M&A capabilities
United States Dollar
Standard Chartered PLC
UBS Group AG
JPMorgan Chase & Co.
Credit Suisse Group Ltd.
USA
Jens Becker
Jay Hofmann
Ben Wilson
Show more
20:46 17.03.2025
JPMorgan recruits Jens Becker to enhance energy and resources M&A capabilities
United States Dollar
Standard Chartered PLC
UBS Group AG
JPMorgan Chase & Co.
Credit Suisse Group Ltd.
USA
Jens Becker
Jay Hofmann
Ben Wilson
Show more
20:46 17.03.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Retail and Consumer Goods
Global Financial Events
Finance Mergers & Acquisitions
Global Trade Developments
Central Bank Actions
Industry Mergers & Acquisitions
Banking Regulations
CEO Changes
Startups & Entrepreneurship
Market Analysis and Predictions
Financial Scams and Security
Supply Chain Management
Workplace Trends
Government Economic Policies
AI Innovations
Energy Sector Developments
Cryptocurrency Trends
Countries:
Companies:
The Goldman Sachs Group, Inc.
Bank of America Corporation
Apple Inc.
Barclays PLC
Wells Fargo & Company
Alphabet Inc.
Tesla, Inc.
Citigroup Inc.
Lloyds Banking Group plc
Deutsche Bank RV Global PP
PepsiCo, Inc.
Commerzbank AG
Google Inc.
NatWest Group plc
BNP Paribas SA
Morgan Stanley
UBS Group AG
JPMorgan Chase & Co.
NVIDIA Corporation
Amazon.com, Inc.
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Indian Rupee
Japanese Yen
Indonesian Rupiah
Canadian Dollar
Russian Ruble
South Korean Won
United Arab Emirates Dirham
Offshore Chinese Yuan
Ghanaian Cedi
Hungarian Forint
Albanian Lek
Brazilian Real
Singapore Dollar
Qatari Riyal
Jordanian Dinar
People: