UBS
Wealth management shake-up continues as more senior figures exit Davy and Unio
Long-term players have faced increased competition from private equity-backed Kestrel Capital and new entrants such as Fordel
London’s FTSE hits record high despite AI sell-off
European banking stocks continued resurgence following strong results from Deutsche Bank and UBS
The PTSB takeover looks like a done deal. It isn’t
Shareholders to vote next week on Austrian bank Bawag’s planned €1.62bn takeover
Brexit gave Ireland a financial services jobs boost. Will AI wipe it out?
Financial services insiders say Ireland has continued to attract activity following initial Brexit-related moves
NTMA picks Amundi, BlackRock, State Street and UBS for new wealth funds
Each firm will manage funds passively, tracking major stock and bond market indices
Austria’s Bawag could fund PTSB deal through shares and cash, UBS says
PTSB sale process is known to have attracted Bawag and private equity firms
AI is forecast to ‘put 200,000 European banking jobs at risk’ by 2030
Roles in back and middle offices will bear brunt, analysts at Morgan Stanley predict
European shares recover although Swiss stocks take a hit on US tariff news
Investors adopt wait-and-see approach on Trump tariffs
Rally in European shares continues as Wall Street slides
Iseq index touched record highs on Tuesday, led higher by banks and Ryanair
UBS paid chief Sergio Ermotti €15.4m last year
Pay award comes as remuneration in financial services sector draws greater scrutiny
I’ve enjoyed the benefits of sabbatical leave. It’s deeply misunderstood by employers
Not as many hard-charging banks as you might think
Global shares edge higher on promising US inflation data
Iseq index slips 0.4% amid declines for Glanbia and Ryanair
US private equity giant weighs in with bid of up to €600m for Blanchardstown Centre
Goldman Sachs looks to exit State’s largest shopping centre
Shares jump on positive earnings reports from European banks
Iseq index underperforms, adding just 0.3% amid slump in Ryanair shares
Hotter-than-expected inflation data sends US stocks lower
Iseq index outperforms its European peers, adding 0.75 per cent
Warning that Apple share price could fall 30% this year
Stocktake: Some 80 per cent of revenue pertains to hardware, but Apple ‘trades on a software multiple’
Eamon Waters among parties in €550m bid for Ireland’s largest shopping centre
Goldman Sachs set to take financial hit on sale of 1.2 million square feet Blanchardstown Centre
UBS deepens cost cuts as it integrates Credit Suisse
Swiss bank says it plans to buy back up to $1bn in shares this year
China faces into an uncertain 2024 with an economy hobbled by a drawn-out property crisis
Housing crash, slowdown in foreign investment weigh on nation’s economic health
Some 60,000 jobs shed by world’s biggest banks in one of worst years for cuts since financial crisis
Collectively, the big Wall Street banks cut at least 30,000 staff in 2023 with more cuts expected next year
Former Bank of Ireland boss McDonagh to leave Credit Suisse for new role
Francesca McDonagh has been tipped to be next NatWest CEO
UBS to absorb Credit Suisse’s domestic bank, eyes €9bn in cost savings
Decision likely to face Swiss public and political backlash and lead to thousands of job losses
Ireland’s Colm Kelleher was always meant to become Europe’s most powerful banker
How Warrington-born Irishman came to oversee the most complicated bank merger in history
Bank outage does little for Ireland’s tarnished image
Bank of Ireland makes headlines across Europe, sharing space with other recent missteps
Credit Suisse retail investors plan lawsuit challenging UBS takeover
Class action claim includes hundreds of failed bank’s former employees
UBS ditches €9.3bn state backstop for Credit Suisse deal
Bank says Swiss government’s protection from losses no longer needed
Credit Suisse collapse inquiry to keep files secret for 50 years
Swiss parliament declines to comment after time frame reported by newspaper Aargauer Zeitung
UBS preparing to cut more than half of Credit Suisse workforce
Lender eyes €5.5 billion in cost savings
Francesca McDonagh to remain at Credit Suisse as UBS completes takeover
Five senior executives leave after rival absorbs stricken bank
UBS imposes tight restrictions on Credit Suisse bankers as takeover completed
List of nearly two dozen ‘red lines’ has been drawn up
UBS and Swiss government seal €9.25bn loss guarantee deal
Agreement is final hurdle ahead of expected completion of Credit Suisse takeover next week
US debt ceiling deal is no cause for cheer
Market analysts fear deal will add to growth challenge for economy and risks adverse ratings attention
UBS ponders delaying Q2 results in wake of Credit Suisse rescue deal
Pushing second-quarter results until the end of August would buy the bank time to work through complex takeover
EU clears UBS deal to take over embattled Credit Suisse
Regulators say deal wouldn’t raise any significant competition issues
European shares dip amid concern as US debt ceiling deadline nears
US President Joe Biden looked set to continue talks with congressional leaders on raising the country’s debt limit later this week
UBS says it was rushed into unwanted Credit Suisse rescue merger
Filing shows bank had less than four days to complete due diligence on deal
Francesca McDonagh’s survival at UBS may boost Irish banks
Former Bank of Ireland chief executive’s success shows Irish lenders can be used as springboard to greater things
UBS pulled in €25.3bn in run-up to Credit Suisse deal as client confidence grows
Returning chief executive Sergio Ermotti focused on retaining clients and assets as bank embarks on extensive restructuring
Credit Suisse suffered €62bn in outflows during first-quarter crisis
Results expose scale of task for UBS after state-orchestrated rescue to take over 167-year-old lender
Global economy ‘entering perilous phase’ amid ‘much stickier’ inflation, says IMF
IMF expects Irish economy to expand 5.6% this year, followed by 4% next year, well ahead of euro zone as a whole
Swiss parliament meets amid criticism of UBS-Credit Suisse deal
Politicians slate Swiss government’s role in takeover
Boomerang chief executives provide comfort in times of crisis
The hope is that former leaders can bring stability, yet data suggests that companies which bring them back underperform
UBS chair says Credit Suisse integration will take up to four years
Colm Kelleher warns of ‘huge amount of risk’ in combining businesses
UBS faces investors after shotgun Credit Suisse takeover
Move angered shareholders and did not have broad support in Switzerland
Cuts by Opec+ ripple through global markets
The Iseq gave back 1 per cent, dragged lower by tourism and building materials stocks
Swiss prosecutor opens inquiry into Credit Suisse takeover
Investigation will examine potential breaches of criminal law by officials, regulators and bank executives
Swiss regulators voiced concerns in 2019 about ability to save Credit Suisse and UBS
No possibility existed of orderly wind-down of one of the two big lenders without major government support, authorities said
European shares rebound as banking jitters ebb on SVB deal
Sense of calm returns to markets following a week of turbulence
Saudi National Bank chairman resigns after Credit Suisse comment
Ammar Al Khudairy had made clear the SNB would not invest more in Credit Suisse, sparking effective run on the bank
The price of a mistake by the ECB in raising rates would be high
Cliff Taylor: Communication to the market from central banks and governments is now vital, as are actions to deal with any problems that emerge
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Stardust
Inquests into the nightclub fire that led to the deaths of 48 people
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How does a post-Brexit world shape the identity and relationship of these islands
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