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UBS Group Newsroom
Is the Investment Banking Business on Wall Street experiencing another boom? It's rumored that bonuses at major banks will increase by double digits.
Executives from several of Wall Street's largest investment Banks are making plans to award traders and deal brokers the highest bonuses since the pandemic.
UBS Shares Hit 16-Year High Reports Settle With U.S. Justice Department Over UBS Acquisition Violations
UBS's settlement with the US Department of Justice is likely to be announced this week and will face fines of billions of dollars. UBS shares hit a 16-year high, rising close to 3% on the Swiss market at 30.37 CHF.
UBS's Stock Hit Its Highest Level in 16 Years. The Good News Is the Bank Is About to Get Fined Hundreds of Millions of Dollars.
UBS Group is nearing a settlement regarding the Credit Suisse USA tax case.
On January 9, Glonghui reported that UBS Group is close to reaching a settlement of at least hundreds of millions of dollars to resolve the issues regarding Credit Suisse's violation of a previous agreement with the USA Department of Justice related to tax evasion. According to informed sources, the settlement could be reached as early as this week. Credit Suisse pleaded guilty in 2014 for conspiring to help US citizens evade taxes and has since been obligated to report to the authorities on the progress of account closures and the whereabouts of funds.
Express News | UBS Group predicts that the global economic growth rate will slow from about 3.2% in 2024 to 2.9% this year.
Market Chatter: UBS Group Nears Deal to Settle Credit Suisse US Tax Scofflaw Case
Express News | Insiders say that UBS Group will pay hundreds of millions or more to settle the US tax case.
UBS Settlement Relates to Credit Suisse's 2014 Guilty Plea for Helping Americans Evade Tax -- WSJ
UBS to Pay Hundreds of Millions of Dollars or More to Settle U.S. Tax Case, Sources Say -- WSJ
UBS Settlement With U.S. Could Come as Soon as This Week, Source Says -- WSJ
Kepler Cheuvreux Upgrades UBS Group to Buy From Hold, Adjusts Price Target to $36.20 From $31.43
UBS Could Take Longer to Reap Benefits From Investment Banking Rebound -- Market Talk
UBS Buybacks Could Be Slowed Down by Regulator's Recommendations -- Market Talk
Express News | UBS Group has lowered Novo-Nordisk A/S's target from 1,100 Danish kroner to 750 Danish kroner.
PA GOODDOCTOR received a full purchase offer from the controlling Shareholder, Anxin.
PA GOODDOCTOR (01833) and the offeror Anxin Co., Ltd. jointly announced that based on the stock dividend plan and the choices made under it, a total of 1,042,630,820 new shares will be distributed and issued as special dividends. It is expected that the formal stocks of these new shares will be mailed on January 24, 2025, and they will start trading on the Hong Kong Stock Exchange at 9:00 AM (Hong Kong time) on January 27, 2025. Among these new shares, 698,970,587 new shares will be distributed and issued to the offeror. New shares related to the distribution and issuance as special dividends under the stock dividend plan.
UBS Declares Coupon Payments on 12 ETRACS Exchange Traded Notes
Express News | UBS has upgraded Bank of America to a Buy rating, with a Target Price of $53.
Signals of Trump 2.0 going for deregulation? The Vice Chairman of the Federal Reserve in charge of financial regulation will resign early after Trump takes office.
According to the Federal Reserve's statement, Barr's resignation will take effect no later than February 28, and he will continue to serve as a Federal Reserve Governor until the term ends. The statement implies that he is stepping down as Vice Chairman of Supervision more than a year early to avoid potential legal disputes with the Trump administration. The media reports that Barr's decision does not indicate that Powell will also step down from the position of Federal Reserve Chairman early, but it casts a shadow over the prospects of the USA implementing new banking regulations that increase capital requirements.
Financial Advisor Michael Rubenstein Joins UBS Private Wealth Management
Express News | Smithfield Foods has submitted IPO documents in the USA, with Citigroup, UBS Group, BNP Paribas, and HSBC serving as underwriters for the IPO.