UBS Group

A Credit Suisse unit pleaded guilty to conspiring to help its customers hide more than $4 billion from the Internal Revenue Service in at least 475 offshore accounts, the Justice Department said

The brokerage is becoming more optimistic on the South Asian market amid a growing preference for defensive and domestically-oriented shares

The approval wraps up a series of complicated transactions following UBS's merger with Credit Suisse, including the former's sale of a 36.01% stake in Credit Suisse Securities in China to BSAM

According to reports, UBS said that Max Healthcare is well-positioned for earnings growth, with solid foundations in place

The emergence of an almost-as-good AI utility created at much lower cost that also uses much less energy has set the proverbial cat amongst the pigeons.

Swiss investment bank UBS Group on Friday bought shares of 29 companies, including Fortis Healthcare, Max Financial Services, Reliance Industries, Blue Star and Hyundai Motor India, for Rs 1,938 crore through open market transactions. According to the block deal data available on the National Stock Exchange (NSE), UBS AG purchased shares of Fortis Healthcare worth Rs 164 crore, bought shares of Max Financial Services for Rs 144 crore, and of Reliance Industries for Rs 138 crore. Additionally, UBS also picked up shares of Blue Star for Rs 120 crore and acquired shares of Hyundai Motor India for Rs 103 crore. The Swiss multinational also picked up shares in companies including One97 Communications, Zomato, Tata Consultancy Services and others. The shares were acquired at a combined transaction value of Rs 1,937.71 crore. Meanwhile, UBS Group's affiliate UBS Principal Capital Asia Ltd offloaded the same number of shares of 29 companies at the same price. Shares of Fortis Healthcare

The deceleration is underpinned by a long-term moderation in credit growth, foreign direct investment, export competitiveness and earnings potential, UBS said

Swiss parliament formed a committee in June last year to probe the official response to the 167-year-old bank's demise

Here's how leading brokerages have interpreted the development, and their expectations from Sanjay Malhotra as regards key rates and maintaining a balance between growth and inflation

UBS has set a target price of Rs 1,005 for DLF; Rs 2,175 for Prestige Estates; and Rs 2,230 for Oberoi Realty

The bank will begin migrating clients booked in Luxembourg and Hong Kong in the coming weeks, and Singapore slightly later, and other countries would follow later in 2024 and next year

Swiss financial services company UBS Group on Wednesday bought shares of IDFC Ltd for Rs 88 crore through an open market transaction. According to the bulk deal data available with the NSE, UBS through its arm UBS Principal Capital Asia purchased 81,48,705 shares or 0.51 per cent stake in IDFC Ltd. The shares were acquired at an average price of Rs 107.92 apiece, taking the transaction value to Rs 87.94 crore. Details of the sellers of IDFC's shares could not be ascertained on the National Stock Exchange (NSE). Shares of IDFC fell 1.09 per cent to close at Rs 108.78 apiece on the NSE. Last month, IDFC First Bank announced the completion of the merger of IDFC Ltd with the bank. Post the amalgamation, there will be a simplified corporate structure at the Bank with no holding company. In July 2023, IDFC First Bank announced the merger of its parent IDFC Ltd with itself in an all-stock transaction, marking another major deal in the Indian banking space days after the amalgamation of

UBS analysts have raised gold's target to $2,750 per oz by end-2024 (from $2,600 per oz), $2,850 per oz by mid-2025 (from $2,700 per oz), and $2,900 per oz by end-3Q25 (from $2,750 per oz)

Swiss financial services company UBS Group on Wednesday bought shares of private sector lender HDFC Bank for over Rs 543 crore through an open market transaction. According to the block deal data available on the BSE, UBS Group's arm UBS Principal Capital Asia purchased 30.72 lakh shares of Mumbai-based HDFC Bank. The shares were picked up at an average price of Rs 1,768.05 apiece, taking the transaction value to Rs 543.27 crore. These shares were offloaded by Paris-based BNP Paribas through its affiliate BNP Paribas Financial Markets at the same price. Shares of HDFC Bank rose 0.59 per cent to close at Rs 1,778.85 apiece on the BSE. In a separate block deal on the BSE, Goldman Sachs bought 5.52 lakh shares of Five-Star Business Finance for over Rs 45 crore through an open market transaction. The shares were acquired at an average price of Rs 824 apiece, taking the aggregate deal value to Rs 45.50 crore, the data showed on the exchange. Meanwhile, Singapore-based Duro Capital th

Damian Vogel has been appointed Chief Risk Officer and will take over from Christian Bluhm, as part of a series of changes the bank is putting into effect from July 1

Owing to the growth potential in the Indian chemical companies UBS has initiated coverage on four firms including PI Industries and Navin Fluorine International with 'Buy' ratings

UBS put the Credit Suisse venture up for sale after taking control of its smaller Swiss rival when it collapsed last year

The lender is reviewing the accounts with a balance of around $2 million or less, said the people, who asked not to be identified discussing private information

Overnight, the client funds managed by its wealth unit jumped by about one-fifth to $3.4 trillion at the time.

Based on free-float market capitalisation in the FTSE All-World index, which spans the investable universe for a global investor, the US market accounts for a staggering 60.5 per cent of total value