Indian-linked money deposited in Swiss banks rose sharply in 2024, tripling to CHF 3.54 billion Swiss francs (approximately ₹37,600 crore), according to the Swiss National Bank’s (SNB) annual report released on Thursday, June 19. 

Why are Swiss banks unique and why Rs. 37,000 crore from India sits in their vaults?

UBS Chairman Colm Kelleher warned on Sunday that Switzerland's plans to tighten capital requirements for the country's biggest banks could risk its position as a global financial hub.

UBS Chair cautions against significant rise in capital requirements

UBS Global Wealth Management has revised its forecast for a US recession, raising the probability from 20 per cent to 25 per cent, according to a Reuters report.

UBS raises US recession probability amid economic concerns 

UBS CEO Sergio Ermotti, while speaking to CNBC on August 14, stated that while market volatility could rise in the latter half of the year, he does not foresee an imminent US recession.

UBS CEO warns of increased market volatility, downplays US recession risk 

Switzerland's price watchdog stated that it is keeping a closer eye on UBS after it purchased Credit Suisse, due to concerns of dominating some markets. The regulator was talking to other regulators to discuss what this deal would mean and was paving the way for coming together.

Swiss regulator monitors UBS after Credit Suisse takeover

A major european bank is warning of a potential profit squeeze. UBS, a swiss banking company, says recent interest rate cuts in Switzerland will hurt their lending income. It is the first major European Bank to sound this alarm.

European Central bank policy shift threatens bank profits

The earnings momentum that fueled the big six tech stocks – Apple, Amazon, Alphabet, Meta, Microsoft, and Nvidia – appears to be losing steam. That’s what the analysts at UBS predict - a significant slowdown in their earnings per share (EPS) growth. This slowdown has prompted UBS to downgrade their recommendation on these stocks from "overweight" to "neutral."

UBS downgrades big 6 tech stocks from 'overweight' to 'neutral'

Amid the UBS downgrade, tech stocks took a beating this past week, leading to their worst performance in over a year. Short sellers, who bet against the market, raked in huge profits as tech giants like Nvidia and Tesla suffered significant losses.

$10 billion windfall for tech short sellers

UBS has unveiled its plan to integrate its workforce following the Credit Suisse acquisition. To achieve its cost-cutting goals, the bank will implement layoffs in five stages throughout 2024. The first wave is expected to begin in June, with subsequent waves following in august, September, October, and November.

UBS to slash costs with layoffs after Credit Suisse merger

UBS Group AG is contemplating whether to acquire complete ownership of its China platform by engaging in a stake swap deal with a Beijing government investment fund, Bloomberg News reported.

UBS explores China stake swap to gain full control of UBS Securities Co

As India braces for its upcoming general elections, global brokerage firm UBS has released a detailed analysis of the potential economic impacts of three key election outcome scenarios.

India elections 2024: UBS' insights on Indian poll outcomes

India elections 2024: UBS predicts policy continuity & sentiment boost if BJP wins

India elections 2024: UBS bets on BJP win for economic health

Swiss banking powerhouse UBS is eyeing potential merger and acquisition opportunities in the United States in the coming years, according to remarks made by its chairman to the NZZ newspaper on Sunday.

UBS eyes US expansion through wealth management M&A

Top leaders from global banking institutions on Tuesday expressed their apprehension that the next financial crisis could originate from escalating geopolitical tensions and the persistent spectre of regulatory tightening.

Global banking chiefs warn of geopolitical uncertainty and regulatory concerns

Swiss banking giant UBS has reported its first quarterly loss in almost six years, mainly attributed to the ongoing process of integrating Credit Suisse into its operations, The Guardian reported on Tuesday.

UBS posts first quarterly loss in six years due to Credit Suisse integration

The US Department of Justice (DOJ) has turned up the heat on Credit Suisse Group and UBS over suspicions that the compliance failures allowed Russian clients to evade sanctions, according to a Bloomberg report.

US: DOJ opens probe into UBS, Credit Suisse over alleged Russian sanctions evasion

Months after completing its acquisition of competitor Credit Suisse, UBS Group AG is laying off hundreds of employees in Asia as a response to weak customer demand and China’s faltering economy, according to a report by The Economic Times.

UBS cuts jobs in Asia amid slowing activity

Swiss banking giant UBS has set its course on a significant overhaul, announcing the elimination of 3,000 jobs as part of a sweeping cost-cutting strategy. The decision comes as UBS grapples with the integration of credit Suisse, which witnessed a substantial withdrawal of funds as concerned customers sought to secure their investments.

UBS plans 3,000 job cuts after Credit Suisse merger

After acquiring its struggling rival Credit Suisse, UBS announced on Thursday that it will eliminate 3,000 jobs in Switzerland alone as part of a $10 billion cost-cutting program.

UBS to cut 3,000 jobs to save costs after taking over Credit Suisse: Report 

After acquiring Credit Suisse, the biggest bank in Switzerland, earlier this year, UBS Group AG reported its first quarterly earnings on Thursday, reporting a profit of $28.

UBS reports a $29 billion second quarter profit after Credit Suisse takeover

For the very first time since the 2008 financial crisis, global household wealth plunged as the interest rates ascended and inflation remained tenaciously elevated.

Over 3.5 million people lost 'dollar millionaire' status last year: Report

Credit Suisse's legacy reports suggest the once mighty investment bank is now facing its final days as UBS takes the reins in a historic deal.

UBS begins layoffs at Credit Suisse's NY office

Swiss banking giant UBS Group has laid off employees from Credit Suisse investment bank in New York, according to a source cited by Reuters. The scale of layoffs and the businesses affected were not specified by the source.

UBS lays off Credit Suisse investment bank staff, closes Houston office  

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