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UBS CEO Ermotti to step down in April 2027 - FT report

UBS Group's veteran CEO Sergio Ermotti, who helped the lender navigate the takeover and integration of former rival Credit Suisse, is planning to step down in April 2027, the Financial Times reported today.

Business • 13 Jan

UBS delays migration of some rich Credit Suisse clients

UBS is delaying the migration of some super-rich Credit Suisse clients to its own platforms by several months, sources told Reuters, a rare setback in an integration process that has so far progressed relatively smoothly.

Business • 11 Nov 25

UBS third-quarter profit soars, trouncing expectations

UBS said today its third-quarter net profit surged 74%, comfortably beating expectations as revenue shot higher on financial market volatility caused by global tariff turmoil as well as renewed M&A activity.

Business • 29 Oct 25

Bond write-off in Credit Suisse rescue unlawful - court

The Swiss authorities' 2023 decision to write off 16.5 billion Swiss francs ($20.53 billion) in Credit Suisse bonds was unlawful, a court said today, raising fresh questions about how the bank's rescue and subsequent takeover by UBS was handled.

Business • 14 Oct 25

UBS CEO says against reducing bank's size

UBS chief executive Sergio Ermotti said today he did not plan to reduce the bank's size amid pressure from Swiss regulators to boost its resilience following its emergency takeover of Credit Suisse.

Business • 05 Sep 25

UBS second-quarter profit doubles to $2.4 billion

UBS's second-quarter profit more than doubled from a year earlier, comfortably ahead of expectations, as it joined other major banks in making the most of a surge in trading activity amid market turmoil.

Business • 30 Jul 25

Julius Baer's H1 profit falls 35% on loan provisions

Swiss bank Julius Baer posted a first-half profit of 295 million francs ($370m), down 35% year-on-year, pressured by loan loss provisions and a charge related to the sale of its Brazilian wealth management unit.

Business • 22 Jul 25

Credit Suisse collapsed in March 2023 and was taken over by its longstanding rival UBS in an operation orchestrated by Swiss authorities

Swiss court rules Credit Suisse bonus cuts were unlawful

A top Swiss court has ruled that the Swiss government's reductions and cancellations of bonus payments to former executives of Credit Suisse after the bank failed in 2023 were unlawful, according to the ruling published last night.

Business • 14 May 25

UBS has warned of an uncertain outlook as US tariffs raise global growth fears even as the market tumult drove up earnings in its trading activity

UBS profit tops forecasts but tariffs shock cloud outlook

UBS has today posted better than expected first-quarter net profit, but the Swiss bank warned of an uncertain outlook as US tariffs raise global growth fears even as the market tumult drove up earnings in its trading activity.

Business • 30 Apr 25

UBS fourth quarter profit beats expectations

UBS Group has posted fourth-quarter profit that beat forecasts by a wide margin and said it would buy back up to $3 billion in shares this year if there were no major changes to bank capital rules in Switzerland in the near term.

Business • 04 Feb 25

UBS boss warns against excessive banking regulation

Switzerland should not set rules for its banking sector that put it at a disadvantage, UBS CEO Sergio Ermotti was quoted as saying today, as the country prepares to overhaul regulation following his bank's takeover of Credit Suisse.

Business • 30 Dec 24

UBS said its group Q3 total revenue came in at $12.3 billion, ahead of a consensus figure of $11.5 billion

UBS posts robust third-quarter profit, double forecasts

UBS Group has today posted third-quarter profit that was almost double expectations, reducing costs and boosting revenues and said it had completed the first wave of client migrations from Credit Suisse since acquiring its old rival last year.

Business • 30 Oct 24

Switzerland's financial regulator last month ruled that the takeover deal did not create any competition concerns

UBS completes merger of Swiss business with Credit Suisse

Swiss bank UBS has has completed the merger of its domestic unit with Credit Suisse's operations in its home market, the bank said today, adding that the head of the Credit Suisse business was leaving the bank.

Business • 01 Jul 24

Switzerland's financial regulator has ruled that the UBS takeover of Credit Suisse did not create any competition concerns

Swiss regulator rules out UBS competition action

Switzerland's financial regulator has today ruled that the UBS takeover of Credit Suisse did not create any competition concerns, despite recommendations from the country's antitrust watchdog that it merited further scrutiny.

Business • 19 Jun 24

UBS said its turnover increased by 46% to $12.7 billion in the first quarter of this year

UBS back in profit in Q1 after two quarters in the red

UBS has today reported net income for January-March that was nearly triple estimates as the bank logged its first quarterly profit since taking over fallen rival Credit Suisse.

Business • 07 May 24

The Swiss government-backed takeover by UBS of Credit Suisse last year was the biggest merger of banks of systemic importance since the 2007-9 financial crisis

UBS to face tougher rules due to Credit Suisse rescue

Switzerland's government said today that UBS and three other systemically relevant banks must face tougher capital requirements to shield the country's wider economy, a year after the rescue of Credit Suisse.

Business • 10 Apr 24

The Swiss government this month will publish its recommendations for policing banks that are "too big to fail", which could see tougher business rules for UBS

UBS near Switzerland's 'too big to fail' reckoning

Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how authorities will protect Switzerland from the risk of the country's only remaining big bank also imploding. It is about to find out.

Business • 08 Apr 24

UBS is planning a new share buyback programme of up to $2 billion

UBS launches new $2 billion share buyback

UBS has today announced it was launching a new share buyback programme of up to $2 billion, with up to half being completed in 2024.

Business • 02 Apr 24

UBS CEO Sergio Ermotti earned $15.9m last year

UBS CEO Ermotti had pay package of $16m last year

UBS chief executive Sergio Ermotti earned 14.4 million Swiss francs ($15.90m) in 2023, making him the best paid European bank boss last year.

Business • 28 Mar 24

UBS currently had about 190 branches across Switzerland and Credit Suisse has 95

85 Swiss branches of UBS and Credit Suisse to shut

UBS will close 85 branches in Switzerland of its combined operations with Credit Suisse by 2025 as part of its consolidation of its former rival, Swiss media reported today.

Business • 08 Mar 24

UBS Group emerged as Switzerland's one and only global bank, after a state-backed rescue of its smaller peer Credit Suisse last year

Global watchdog tells Switzerland to bolster controls

Switzerland must strengthen its banking controls, a global financial watchdog said today, highlighting the risk a failure of UBS would pose to the country in the starkest warning yet of the perils from its takeover of Credit Suisse.

Business • 29 Feb 24

UBS's balance sheet has expanded to be worth more more than $1.6 trillion, nearly twice the size of Switzerland's economy

UBS flags up to $1 billion in share buybacks

UBS said today it had completed the first phase of integrating fallen rival Credit Suisse, was benefiting from net new asset flows and plans to restart share buybacks in the second half of the year, with up to $1 billion slated for 2024.

Business • 06 Feb 24

Sergio Ermotti, CEO of Swiss bank UBS, speaking at Davos today

UBS CEO dismisses criticism of bank's balance sheet

UBS chief executive Sergio Ermotti dismissed critics' warning about the size of his bank's balance sheet today, arguing that the bank's rescue of Credit Suisse had created a larger but also stronger lender.

Business • 17 Jan 24

UBS reports Q3 loss amid integration expenses

UBS Group has today posted a $785m loss in the third quarter after expenses tied to the Swiss bank's takeover of Credit Suisse while signalling that its core wealth business is stabilising.

Business • 07 Nov 23

UBS has identified Ireland, India, South Korea and Saudi Arabia as 'slow jurisdictions' in granting licences for its Credit Suisse deal

UBS names Ireland, India as 'slow' to clear CS deal

UBS Group said it had identified at least four countries including Ireland and India as "slow" in granting regulatory approvals which it needs to complete its takeover of Credit Suisse, according to an internal document reviewed by Reuters.

Business • 19 Sep 23

Swiss banks