Tagged: ubs

March 19, 2023 @ 4:12 pm By JD Alois  |  

Several government entities have commented on UBS’s recently announced takeover of Credit Suisse. The acquisition was supported by the Swiss government. Credit Suisse faced a crisis of confidence this past week, which could have spilled over into this coming week. Swiss government officials worked to… Read More

March 19, 2023 @ 3:13 pm By JD Alois  |  

The Swiss Financial Market Supervisory Authority FINMA has approved the acquisition of Credit Suisse by competitor UBS. The move was announced earlier today as Credit Suisse had endured a difficult week after rumblings of financial challenges at the bank. On March 15, FINMA issued a… Read More

March 12, 2023 @ 11:11 pm By Omar Faridi  |  

Strong ecosystems and client proximity are key prerequisites for sustainably driving innovation and helping to shape the future of the Swiss financial center. A strategic partnership between UBS (SWX: UBSG), the universal bank and digital market leader in Switzerland, and the largest Swiss innovation ecosystem… Read More

February 11, 2023 @ 11:56 am By Omar Faridi  |  

Carbon credit transaction network Carbonplace has raised $45 million in “a strategic round of investment and formed its own entity.” Carbonplace, which “connects buyers and sellers of carbon credits through their banks, secured the seed funding from the financial institutions which founded the fintech: BBVA,… Read More

November 9, 2022 @ 11:22 am By Omar Faridi  |  

UBS AG (SWX: UBSG) recently priced its inaugural senior unsecured digital bond, “a 375 million Swiss franc-denominated three-year bond with 2.33% coupon (ISIN: CH1228837865).” The digital bond has “the same instrument structure, legal status and rating as a traditional UBS AG senior unsecured note but… Read More

October 21, 2022 @ 10:23 am By Omar Faridi  |  

UBS (SWX: UBSG) and Microsoft (NASDAQ: MSFT) announced a landmark expansion of their partnership “to accelerate UBS’s public cloud footprint over the next five years.” Through this transformational initiative, UBS plans “to have more than 50% of its applications, including critical workloads, running on Microsoft… Read More

August 25, 2022 @ 8:49 am By Omar Faridi  |  

UBS (SWX: UBSG) announced that it has invested in BigPanda, an artificial intelligence IT operations (AIOps) platform, “through UBS Next, the firm’s strategic venture and innovation unit.” As customers increasingly look for more digital services and business becomes more data driven, UBS is actively “engaging… Read More

August 24, 2022 @ 11:20 am By Omar Faridi  |  

iCapital, which claims to be the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, and UBS (NYSE: UBS) announced they “entered into a definitive agreement whereby iCapital will acquire UBS Fund Advisor LLC, UBS’s legacy… Read More

May 25, 2022 @ 1:37 am By Omar Faridi  |  

UBS (SWX: UBSG) is launching a “purely” digital product line, UBS key4, for clients who want “to carry out their banking transactions entirely digitally – independently and around the clock from their smartphone.” The new product line is “integrated into the long-established and popular UBS… Read More

May 9, 2022 @ 6:47 pm By Omar Faridi  |  

Under the background of the Russian- Ukrainian War and sanctions in western countries, a global commodity crisis is “brewing” and the new global monetary system – Bretton Woods Ⅲ may be developing, said Zoltan Pozsar, an analyst at UBS. A recent report by Huobi Research… Read More

March 24, 2022 @ 1:07 pm By Omar Faridi  |  

UBS (SWX: UBSG) has announced the launch of its Virtual Worker Framework, which is described as a new approach to “flexible” working that will offer US workers in eligible roles with the opportunity “to work 100% remotely.” UBS will begin “a phased implementation of the… Read More

February 22, 2022 @ 9:52 pm By JD Alois  |  

iCapital has announced a consortium of financial services firms to pursue distributed ledger technology, or blockchain, for the “next generation” for alternative investment ecosystem. The names of the consortium include: Apollo, BlackRock, Blackstone, BNY Mellon, Carlyle, KKR, Morgan Stanley, State Street, UBS, and WestCap, Capital states that these firms will partner with iCapital to make… Read More

January 27, 2022 @ 12:35 pm By Tony Zerucha  |  

UBS has agreed to buy automated wealth management provide Weathfront for an all-cash price of $1.4 billion, the companies confirmed this week, In a statement, UBS said it will use the acquisition to expand its presence in the United States, including to more affluent investors…. Read More

January 13, 2022 @ 2:56 pm By Omar Faridi  |  

UBS (SWX: UBSG) announced that UBS Next, the company’s $200 million strategic Fintech portfolio, has invested in US-headquartered firm Trust & Will, a digital estate planning platform. Launched in October 2020, UBS Next identifies various opportunities within the start-up ecosystem and “further enhances UBS’s technology-driven… Read More

November 30, 2021 @ 9:30 pm By Tony Zerucha  |  

Endowus, a digital wealth app based in the Fintech hotbed of Singapore, this week announced it has raised $27 million. The new capital infusion brings its total 2021 raise to $50 million. Prosus Ventures and EDBI led the round, with contributions from Z Holdings and… Read More

August 12, 2021 @ 10:26 am By Omar Faridi  |  

Broadridge Financial Solutions, Inc. (NYSE:BR), an international Fintech operation, reveals that UBS (NYSE: UBS) has now officially joined its “transformative” distributed ledger repo (DLR) platform. Early participants of the blockchain or DLT-powered platform are being able to accelerate their digital or online journey and realizing… Read More

August 11, 2021 @ 10:18 am By JD Alois  |  

ION Markets has announced the extension of the partnership with UBS Bond Port, connecting the former’s LatentZero buy-side clients to the latter’s Bond Port trading platform. ION Markets is a provider of trading, analytics, and risk management solutions for institutional markets,   Bond Port is now… Read More

July 20, 2021 @ 5:47 pm By Tony Zerucha  |  

The Securities and Exchange Commission (SEC) this week filed a settled action against UBS Financial Services related to compliance failures for sales of a volatility-linked exchange-traded product (ETP). It marks the sixth case for the agency’s ETP Initiative. The ETP was designed to track short-term… Read More

June 29, 2021 @ 2:01 pm By Tony Zerucha  |  

European IPO activity has surged during the pandemic, data from BuyShares.co.uk shows.  In 2020 investors saw many IPOs along with outsized average returns, with total IPO deal value up 64 per cent to more than $300 billion, according to the Wall Street Journal and Dealogic…. Read More

April 14, 2021 @ 9:49 am By Samantha Hurst  |  

  ConsenSys announced on Tuesday it raised $65 million through its latest investment round. The blockchain company reported that J.P. Morgan, Mastercard, and UBS invested alongside blockchain companies, including Protocol Labs, the Maker Foundation, Fenbushi, The LAO, and Alameda Research. Additional investors include CMT Digital, Greater… Read More