Tagged: ubs

July 10, 2023 @ 11:53 pm By Omar Faridi  |  

UBS (NYSE:UBS) announced that it and Numarics are planning to enter into a strategic partnership to specifically digitize and expand financial and administration solutions for small and medium-sized companies in Switzerland. Administrative tasks mean “a lot of time for SMEs today and are often a… Read More

June 21, 2023 @ 9:44 am By JD Alois  |  

Estate planning is another financial service sector that receives a digital update. Trust & Will is making headway in this area of Fintech, today announcing an agreement with UBS Workplace Wealth Solutions to provide services. Trust & Will will provide the ability to create wills… Read More

May 22, 2023 @ 10:41 am By Martin Rauchenwald and Philippe De Backer  |  

The fall of Silicon Valley Bank (SVB), the emergency merger of Credit Suisse with UBS, and most recently, the seizure and sale of First Republic Bank quickly dissipated much of the trust that had been slowly returning to the banking sector. The question remains: if… Read More

April 5, 2023 @ 6:37 pm By Omar Faridi  |  

Global Fintech Broadridge Financial Solutions, Inc. (NYSE:BR) announced that UBS (NYSE:UBS) and a global Asian bank have successfully “executed the first cross-border intraday repo transaction on Broadridge’s blockchain enabled Distributed Ledger Repo (DLR) platform.” This intraday trade “marks the launch of the next phase in… Read More

March 23, 2023 @ 7:13 pm By JD Alois  |  

As part of the deal to reanimate Credit Suisse, Swiss regulators cut a deal with UBS that included writing down the AT1 bonds to zero. Holders are not pleased. In light of the “numerous inquiries,” Swiss regulator FINMA has issued a statement on wiping out… Read More

March 21, 2023 @ 9:43 am By JD Alois  |  

Eric Vanraes, Portfolio Manager of the Strategic Bond Opportunities Fund at Eric Sturdza Investments, has distributed a warning on the consequences of the Credit Suisse debacle. In the past week, Credit Suisse was acquired by UBS in a deal supported by the Swiss government. The move… Read More

March 20, 2023 @ 4:00 pm By JD Alois  |  

As part of the deal to save Credit Suisse from a potential collapse, the agreement that was cut for UBS to take over the bank included a write-down to zero of AT1 (Tier 1) bonds. This means holders will receive nothing for the securities. Following… Read More

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