UBS Group AG (UBS) is on the verge of a settlement with the U.S. government that could include hundreds of millions of dollars in fines. This was reported by the Wall Street Journal (“WSJ”). The penalties are related to tax evasion at Credit Suisse, which UBS acquired after the bank collapsed in 2023.Per the WSJ report, the potential settlement with the U.S. Justice Department could come as soon as this week. It follows a 2014 plea agreement wherein Credit Suisse admitted to helping wealthy Americans avoid ...

UBS reportedly could settle a case this week involving Credit Suisse, which UBS acquired in 2023.The bank is set to pay hundreds of millions of dollars in the settlement of the case brought by the U.S. Department of Justice, The Wall Street Journal (WSJ) reported Thursday (Jan. 9), citing unnamed sources.UBS did not immediately reply to PYMNTS’ request for comment.The case involves Credit Suisse’s violations of an agreement with the DOJ. The bank failed to follow through on its promise to provide the author ...

Key TakeawaysUBS is nearing a settlement with the U.S. government that could include hundreds of millions of dollars in fines, the Wall Street Journal reported Thursday.The investigation is related to Credit Suisse, which UBS acquired after the bank collapsed in 2023.Following a 2014 guilty plea, Credit Suisse allegedly continued to hide accounts of U.S. citizens, which allowed wealthy account holders to avoid millions of dollars in taxes. UBS (UBS) is reportedly close to paying "at least hundreds of millio ...

Key TakeawaysNovo Nordisk shares rose Wednesday on the company's home market in Denmark and in the U.S. after UBS analysts upgraded the stock.The analysts upgraded the Ozempic obesity drugmaker to a "buy," but lowered their price target as Novo Nordisk shares are now roughly 40% below their mid-2024 highs.UBS analysts also lowered their sales projections, saying expiring patents and disappointing trial results of future weight-loss drugs could negatively affect sales from 2031 onward. Novo Nordisk's (NVO) U ...

文章核心观点 - UBS集团计划在法国裁员，主要原因是法国经济疲软以及整合瑞士信贷（Credit Suisse）后的业务重组需求 [1][2] 裁员原因 - 法国经济面临重大挑战，2025年上半年预计每季度仅增长0.2%，导致市场环境不利 [1] - 整合瑞士信贷后，UBS需要进行大规模的运营调整，法国是其中被审查的地区之一 [2] 裁员计划 - UBS计划在法国进行裁员，并已将计划提交给员工委员会，同时与员工代表合作制定支持受影响员工的措施 [3] - 2023年8月，UBS宣布计划在瑞士裁员约1/12的员工，以在2026年前削减超过100亿美元的成本 [4] - 2024年4月，UBS宣布计划分五波裁员，预计裁掉50-60%的前瑞士信贷员工 [5] 行业动态 - 其他银行也在采取类似措施，如2024年5月，巴克莱银行（Barclays PLC）在投资银行和研究部门开始裁员，以支持其20亿英镑的成本削减计划 [8] - 2024年3月，花旗集团（Citigroup Inc.）宣布计划在纽约市裁员286人，作为其2026年前裁员20,000人的计划的一部分 [9]

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics an ...

Ernest HoffmanErnest Hoffman is a Crypto and Market Reporter for Kitco News. He has over 15 years of experience as a writer, editor, broadcaster and producer for media, educational and cultural organizations. Ernest began working in market news in 2007, establishing the broadcast division of CEP News in Montreal, Canada, where he developed the fastest web-based audio news service in the world and produced economic news videos in partnership with MSN and the TMX. He has a Bachelor's degree Specialization in ...

About this content About Josh Lamb After graduating from the University of Kent in the summer of 2022 with a degree in History, Josh joined Proactive later that year as a journalist in the UK editorial team. Josh has reported on a range of areas whilst at Proactive, including energy companies during a time of global crisis, aviation and airlines as the sector recovers from the pandemic, as well as covering economic, social and governance issues. Read more About the publisher Proactive financial news and ...

UBS Group AG (UBS) intends to transform its wealth management business in the United States into six divisions and focus more on wealthy clients tumbling below the ultra-wealthy level, according to an internal memo reviewed by Reuters.The transformation plan indicates the company’s efforts to enhance its performance in the United States.Details of UBS’ Wealth Management Unit Transformation PlanAccording to the Wall Street Journal, which first reported the news of the transformation, UBS plans to allocate mo ...

NEW YORK, Dec. 04, 2024 (GLOBE NEWSWIRE) -- Hans Vestberg, Chairman and CEO of Verizon (NYSE, Nasdaq: VZ), is scheduled to speak at the UBS Global Media & Communications Conference on Monday, December 9, at 9:00 a.m. ET. His remarks will be webcast, with access instructions available on Verizon’s Investor Relations website, www.verizon.com/about/investors/. Verizon Communications Inc. (NYSE, Nasdaq: VZ) powers and empowers how its millions of customers live, work and play, delivering on their demand for mob ...