UBS Chairman Colm Kelleher criticized Switzerland’s plans to increase the bank’s loss buffers, saying “additional capital is the wrong remedy” to prevent another bank collapse. UBS took over its hobbled rival Credit Suisse last year in a government engineered rescue. Credit Suisse for years before failing insisted it had enough capital, and sometimes publicly battled regulators who said it needed more.

A year after the failure of Credit Suisse, the Swiss government says UBS may have to find as much as $27 billion to absorb potential losses. Now, the giant Swiss lender is hitting back, saying its finances are robust.

GlobalData’s financial advisers league table analyses top advisers by volume, deals, and mergers and acquisitions (M&A).

Seven comments from executives and officials show varying degrees of unexpected boldness during banks’ most straight-laced period.

UBS executives on Wednesday told shareholders that the bank has major concerns about the Swiss government's recently announced plan to hit the country's largest lender with tougher capital requirements. The government laid out plans two weeks ago for how to police banks deemed "too big to fail" to shield the country from a repeat of the collapse of Credit Suisse, which UBS acquired in a rescue arranged by the authorities and backed by the state. "We are seriously concerned about some of the di...

LOS ANGELES, April 23, 2024--UBS Private Wealth Management announced today that Drew Freides and Michael Kanigher, Private Wealth Advisors and Managing Directors in the firm’s Los Angeles Private Wealth Management Market, have been named to the Forbes America’s Top Wealth Advisors and Forbes Best-in-State Wealth Advisors lists for 2024. Drew ranked in the top 10 advisors nationally and #1 in the Los Angeles Private Wealth category. Michael ranked #8 in Los Angeles Private Wealth and rose to #78

LONDON (Reuters) -Norway's sovereign wealth fund has backed UBS' plan to make its Additional Tier 1 (AT1) bonds, a form of debt, more appealing to investors by protecting them from a wipeout, and also signed off on UBS CEO Sergio Ermotti's pay package. The vote from the Norwegian fund, UBS' second-largest shareholder, at the bank's annual general meeting this week is a boost for UBS, which is seeking to prop up its capital buffers to satisfy Swiss regulators' demands as it integrates its former...

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UBS Group’s smaller Swiss rivals have been on a hiring spree for former Credit Suisse employees, hoping to take a bigger slice of the wealth-management market. Credit Suisse’s downfall and its subsequent rescue deal by UBS last year created a potential opportunity for the likes of Julius Baer Gruppe, EFG International and Vontobel Holding to poach advisors and the assets they managed. As a result, competition in the Swiss wealth-management market looks set to intensify this year, with UBS...