{ }
UBS has faced scrutiny over its historical ties to slavery, with researchers revealing multiple connections to the slave trade through its predecessor institutions. Despite calls for an independent investigation, UBS has dismissed these findings, claiming a lack of evidence while keeping many archives closed to public access. The legacy of Swiss financial institutions in the transatlantic slave trade remains largely unexamined, highlighting a reluctance to confront this dark chapter of history.
UBS is adjusting its compensation structure for brokers in 2025, reducing team bonuses and grid payouts to enhance profit margins in its U.S. wealth unit. The new plan shifts pay rates to depend on the highest producer's revenue, potentially impacting earnings for many brokers, while introducing a growth award to offset cuts. Additionally, UBS aims to increase net interest income and improve its cost-to-income ratio, which currently lags behind competitors like Morgan Stanley.
UBS forecasts further stock market gains in 2025, driven by opportunities in artificial intelligence and energy sectors, while emphasizing the importance of gold amid geopolitical risks. The U.S. S&P 500 is projected to reach 6600 points, supported by solid growth and lower interest rates. Global growth will vary, with robust performance expected in India and select European countries, while challenges persist in China.
UBS forecasts further stock market rises in 2025, driven by growth in the U.S. and sectors like artificial intelligence and energy. While geopolitical risks necessitate a focus on gold, the U.S. S&P 500 is projected to reach 6600 points, amid challenges in China and uneven growth in Europe. Key factors influencing markets include debt, deglobalization, demographics, decarbonization, and digitization.
Sergio Ermotti, CEO of UBS, was named Leader of the Year 2023 for his pivotal role in the Credit Suisse takeover, emphasizing the importance of banks in Switzerland's economy. Despite his recognition, concerns over his CHF 14.4 million remuneration have been raised, highlighting ongoing debates about executive pay. Ermotti aims for a return on common equity tier 1 capital of 15% by 2026, with a target of 18% by 2028, as he leads the integration process.
Nau
Sergio Ermotti has been named "Banker of the Year" 2023 by influential German business journalists for his role in integrating Credit Suisse into UBS, averting a potential banking crisis. However, UBS employees face a vacation ban in 2025 due to the integration, with no compensation offered, raising concerns about workload and morale amidst ongoing challenges.
Sergio Ermotti, CEO of UBS, was named European Banker of the Year at the Euro Finance Week in Frankfurt, recognized for his successful integration of Credit Suisse following its emergency acquisition. His leadership is credited with preventing a banking crisis and setting a model for future bank mergers. In his acceptance speech, Ermotti criticized the governance failures at Credit Suisse and emphasized the potential of the UBS-Credit Suisse integration as a blueprint for creating stronger financial institutions.
Sergio Ermotti, CEO of UBS, was named European Banker of the Year at the Euro Finance Week in Frankfurt, recognized for his successful integration of Credit Suisse following its emergency acquisition. His leadership is credited with preventing a banking crisis and setting a model for future bank consolidations. In his acceptance speech, Ermotti criticized the governance failures at Credit Suisse and emphasized the potential of the UBS-Credit Suisse merger as a blueprint for the industry.
UBS CEO Sergio Ermotti was named European Banker of the Year at the Euro Finance Week in Frankfurt, recognized for his successful integration of Credit Suisse following its emergency takeover. His leadership has been credited with preventing a banking crisis and setting a model for future bank consolidations. In his acceptance speech, Ermotti criticized the governance failures at Credit Suisse and emphasized the potential of merging large banks into stronger institutions.
UBS is considering applying for a US banking license to enhance its presence in the US wealth market, aiming to attract high-net-worth clients through its investment bank. Meanwhile, JPMorgan"s Chase UK has launched its first credit card, targeting profitability by 2025 after amassing over £20bn in deposits since its 2021 launch. Additionally, Rothschild & Co has opened a new wealth management office in Dubai, joining other financial institutions expanding in the region.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

MachinaCore is a highly modular and scalable system that allows users to build custom widgets and tools tailored to their specific financial data needs, while seamlessly integrating with other MachinaLabs products, like Machinary, MachinaAI Modules and MachinaTrader.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings

Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.