What Happened: UBS is divesting its half-share in Swisscard to American Express, as per Reuters on Monday. This decision aligns with UBS’s strategic shift following its acquisition of Credit Suisse.

In October 2024, UBS entered into an agreement to sell a 50% stake in Swisscard AECS GmbH, a joint venture between UBS and American Express in Switzerland, to American Express Swiss Holdings GmbH. In ...

UBS Group is reportedly contemplating moving its headquarters out of Switzerland if the country mandates the bank to increase its capital reserves by an extra SFr22.05bn ($25bn), reported ...

Last year, in October, the company acquired UBS's 50% stake in Swisscard, making it the sole owner of the credit card provider. This acquisition allowed American Express to strengthen its foothold ...

ZURICH (Reuters) -Two years since it acquired Credit Suisse to create a Swiss banking giant, UBS (UBS) is trying to head off tougher regulations by offering to limit the future size of its investment ...

ZURICH (Reuters) -One of Switzerland's main political parties could soon propose capping UBS's investment banking activities as part of a regulatory overhaul aimed at making the sector less risky ...

March 20 (Reuters) - UBS Group AG (UBSG.S), opens new tab is exploring options to relocate its headquarters if Switzerland enforces a requirement for the bank to hold an extra $25 billion in ...

When UBS Group AG acquired Credit Suisse in March 2023, its board of directors thought they were doing their duty. They'd initially concluded that a merger of the two firms wasn’t desirable ...

Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. UBS has proposed capping the size of its investment bank as it seeks a compromise with Swiss regulators who ...

UBS Group Chair Colm Kelleher said Switzerland’s financial regulator and central bank set out additional capital requirements that would lead to a 50% increase compared with current levels ...

UBS Group AG is examining the potential relocation of its headquarters if Switzerland sticks to its demand that the bank hold an extra $25 billion of capital, people familiar with the matter said.