{
Laurent Gillieron

People

}
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001122334455554433221100

UBS transformation accelerates amid Credit Suisse integration and regulatory changes

UBS CEO Sergio Ermotti is actively driving the transformation of the bank, emphasizing the importance of technology and regulation. The integration of Credit Suisse is progressing well, but UBS will only achieve its full potential by further specializing, which may impact the Swiss lending business.
Zofinger Tagblatt
UBS AG Credit Suisse Anlagestiftung CHE Sergio Ermotti Laurent Gillieron
TradFi, News Article
13:09 30.10.2024

UBS reports record profits and accelerates cost-cutting measures in Q3

UBS reported a third-quarter profit of $1.43 billion, significantly surpassing analysts' expectations of $740 million, driven by strong transaction volumes in wealth management and investment banking. The bank is ahead of schedule in its $13 billion cost-cutting plan, aiming to cut $7.5 billion by year-end, despite a reduction in workforce from 122,000 to 109,396 employees post-Credit Suisse acquisition. UBS remains cautious about future economic conditions, citing geopolitical tensions and upcoming U.S. elections as potential risks.
boersen-zeitung.de
United States Dollar Deutsche Bank Aktiengesellschaft UBS AG Credit Suisse Anlagestiftung DEU USA HKG CHE LUX Sergio Ermotti Laurent Gillieron Show more
TradFi, Market Report
09:07 30.10.2024
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