{
}
UBS has received approval to fully acquire its securities joint venture in China, increasing its stake from 67% to 100% by purchasing the 33% held by Beijing State-owned Assets Management. This strategic move follows the takeover of Credit Suisse and involves a swap deal with the Chinese government, as foreign banks cannot hold two licenses for securities in China simultaneously. UBS Securities, established in 2007, was the first fully licensed foreign-invested securities joint venture in the country.
UBS has acquired the remaining 33% stake in UBS Securities from Beijing State-owned Assets Management, becoming the sole owner with a 100% stake. This move aims to enhance its investment banking and wealth management services in China, where UBS has operated for over 35 years.
UBS has received regulatory approval to fully acquire UBS Securities, increasing its stake to 100% after purchasing an additional 33% from Beijing State-owned Assets Management. This move follows UBS's merger with Credit Suisse and is seen as a significant step in expanding its investment banking and wealth management services in China. UBS Securities, established in 2006, was the first foreign majority-owned securities firm in China as of 2018.
UBS has received regulatory approval to fully acquire Beijing-based UBS Securities, increasing its stake to 100%. This move follows the merger with Credit Suisse and is seen as a key step in consolidating business activities in China, enhancing UBS's investment banking and wealth management services in the region. Founded in 2006, UBS Securities became the first foreign-majority-owned securities firm in China in 2018.
UBS AG has maintained a "Buy" rating for RWE shares but reduced its price target from 46 to 42 euros due to increased depreciation and financing costs, leading to a forecasted earnings drop of up to 10% for 2025-2028. Currently, RWE shares are trading at EUR 32.83, reflecting a potential upside of 27.93% based on analyst projections. The Q1 2025 financial results are set to be released on May 15, 2025.
UBS shares fell 0.7% to CHF 28.11 on Friday, making it one of the biggest losers in the SMI. The stock is currently 14.51% below its 52-week high of CHF 32.88 and 19.85% above its low of CHF 22.53. Analysts expect a dividend of USD 0.988 for this year, with earnings per share forecasted at USD 2.09 in 2025.
UBS AG has upgraded its price target for Richemont shares from 180 to 184 francs, maintaining a "Buy" rating ahead of the company's quarterly results. Despite a challenging industry environment, the jewelry segment is expected to outperform competitors. Currently, Richemont shares are trading at CHF 158.80, reflecting a potential upside of 15.87% based on the new target.
UBS has received approval from China's financial regulator to fully acquire UBS Securities, increasing its ownership from 67% to 100%. The Swiss bank will purchase an additional 33% stake from Beijing State-owned Assets Management, solidifying its position in the Chinese market.
UBS has received approval from China's securities regulator to fully acquire UBS Securities, increasing its ownership to 100%. The Swiss bank will purchase an additional 33% stake from Beijing State-owned Assets Management, solidifying its position in the Chinese market.
UBS has received regulatory approval from the China Securities Regulatory Commission to become the sole shareholder of UBS Securities. The Swiss bank will acquire an additional 33% stake from Beijing State-owned Assets Management, raising its ownership to 100%.
CHE
Country
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs secures full control of securities joint venture in china
13:49 28.03.2025
ubs becomes sole owner of securities business in china
13:40 28.03.2025
ubs secures full ownership of china securities joint venture
13:26 28.03.2025
ubs secures full ownership of chinese securities joint venture
13:26 28.03.2025
ubs lowers rwe price target but maintains buy rating
13:25 28.03.2025
ubs shares decline amid shareholder concerns and market pressures
13:00 28.03.2025
ubs raises richemont price target to 184 francs maintains buy rating
13:00 28.03.2025
ubs secures full ownership of chinese securities joint venture
12:48 28.03.2025
ubs gains full ownership of chinese securities joint venture
12:26 28.03.2025
ubs gains approval to fully acquire chinese securities joint venture
12:26 28.03.2025
Trending
Subcategory
Stock Market Updates
Corporate News
Industry Trends
Banking Regulations
Finance Mergers & Acquisitions
Global Financial Events
Retail and Consumer Goods
Central Bank Actions
GDP Growth & Recession Forecasts
CEO Changes
Global Trade Developments
Financial Scams and Security
Industry Mergers & Acquisitions
Market Analysis and Predictions
Inflation and Monetary Impact
Government Policies
Government Economic Policies
Supply Chain Management
Domestic Politics
Workplace Trends
Countries:
Companies:
The Goldman Sachs Group, Inc.
JPMorgan Chase & Co.
Tesla, Inc.
Apple Inc.
Bank of America Corporation
Barclays PLC
Wells Fargo & Company
Citigroup Inc.
Deutsche Bank Money Market PP
Morgan Stanley
Huawei Technologies CO. Ltd.
Lloyds Banking Group plc
Credit Suisse Strategic Income I
AXA SA
Safran SA
Banco Santander, S.A.
Novartis AG
Swiss Re AG
Beazley plc
UBS AG
Currencies:
United States Dollar
Euro
Chinese Yuan
British Pound Sterling
Swiss Franc
Japanese Yen
Indian Rupee
Russian Ruble
Canadian Dollar
Australian Dollar
United Arab Emirates Dirham
Saudi Riyal
Danish Krone
Offshore Chinese Yuan
Mexican Peso
Indonesian Rupiah
South Korean Won
Malaysian Ringgit
Vietnamese Đồng
New Zealand Dollar
People: