UBS Sets Fossil Fuel Emissions-Cutting Goals
UBS has announced that it wants to minimize its financing of fossil fuel emissions by over two-thirds by 2030. Switzerland’s largest bank said on March 11 that it would join ...
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Tag: UBS
More Banks Joining Blockchain-Based Carbon Marketplace
Standard Chartered, UBS, and BNP Paribas have now joined Project Carbon, which is a bank-backed initiative to develop a blockchain-based marketplace where companies can purchase and sell carbon offsets. Unveiled ...
UBS To Purchase Robo Advisor Wealthfront For $1.4B
UBS is expected to acquire Robo advisor Wealthfront for $1.4 billion, marking the Swiss bank’s first fintech acquisition under the stewardship of CEO Ralph Hamers. Today, Wealthfront oversees $27 billion ...
Uproar Increase Against Credit Suisse After Chairman Leaves Abruptly
Summary Chairman Antonio Horta-Osorio apologizes for personal actions Quits within one year after taking charge Bank appoints former UBS executive Axel Lehmann as chairman Lehmann says the bank's strategy is ...
French Court Cuts UBS Tax Evasion Fine Significantly To 1.8B Euros
Summary UBS shares rise 2% after court reduces fine Court verifies money laundering allegation UBS to decide whether to appeal the ruling in Supreme Court On Monday, a Paris appeals ...
TIM’s Top Investor Vivendi Holds Onto Its Stake After KKR’s Approach
Vivendi (VIV.PA), Telecom Italia's (TLIT.MI) top investor, said it intended to stay in the group for the long haul, sending a warning to KKR (KKR.N) that it could hamper the ...
UBS Quarterly Profit Surge To A 6-Year High Fueled By Its Fee Bonanza
While UBS (UBSG.S) posted its highest quarterly profit since 2015 on Tuesday, robust trading activity by the world's ultra-wealthy led to a 23% surge in fee income. The surprisingly strong ...
Gold Could Surge Past $1,800 An Ounce, UBS Says
There is a possibility that gold prices may ‘break the highs’ set earlier this year. The precious metal had adopted a strong uptrend until March when it crumbled along with ...
Former UBS Chief Wants His Crypto Bank to Target Crypto Market
Despite the recent crash in the crypto market, some investors consider it a perfect investment opportunity. A director at Swiss crypto bank Sygnum and former CEO of Switzerland’s largest bank ...
Switzerland Will Cooperate with International Regulators on Libra
Since Facebook unveiled the Libra white paper back in June, the project has faced opposition from governments and regulators around the world. Just when commentators thought that the global stablecoin ...