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UBS Liquidates Credit Suisse Real Estate Fund

UBS put a Credit Suisse real estate fund into what it called an "orderly liquidation." The Swiss bank acquired the fund after completing its takeover of former rival Credit Suisse last year. The takeover came after Credit Suisse ran into a series of financial...

UBS Analyst Predicts Continued Margin Gains and Earnings Growth for Texas Roadhouse

Multinational financial services company UBS continues to be high on the steakhouse chain Texas Roadhouse. In a note sent to clients on Friday, UBS analyst Dennis Geiger reaffirmed its “BUY” rating on Texas Roadhouse stock (TXRH) while also predicting continued margin gains and earnings...

UBS Analyst Sees a Big Upside for Calvin Klein Owner PVH’s Stock

PVH Corp., the parent company for luxury brands Calvin Klein and Tommy Hilfiger, has seen its stock heading toward recovery after a surprising dip in April. But, according to analysts at investment bank UBS, this might just be the beginning. In a note sent to...

UBS Ends $10 Billion Rescue Agreement With Swiss State

UBS Group AG announced on Friday that it has ended its agreement with the Swiss government to cover losses incurred as a result of the bank's takeover of rival Credit Suisse. This is a sign that the combined company is on track in a...

UBS Undergoes Restructuring Following Credit Suisse Deal

UBS Group AG has confirmed that it will implement significant changes to its global investment banking division as soon as Monday in an effort to integrate Credit Suisse following its acquisition, sources close to the matter confirmed. UBS completed its takeover of Credit Suisse...

UBS Decides to Retain EY as Auditor Following Credit Suisse

UBS Group has decided to retain accounting firm EY as its external auditor, the Financial Times reported on Sunday. EY has been tasked with auditing Credit Suisse's accounts from 2024 which will require the firm to call in staff from other countries to assist...