Home » UBS

Tag: UBS

Post
Layoffs 2024: UBS CEO to start job cuts in Switzerland late this year

Layoffs 2024: UBS CEO to start job cuts in Switzerland late this year

UBS’s CEO on Tuesday said the majority of job cuts in its home market, Switzerland, will start from around the end of the year and continue into 2025 and 2026. Sergio Ermotti, chief executive officer of UBS Group AG, during a Bloomberg Television interview in Zurich, Switzerland.(Bloomberg) In a call with journalists, Sergio Ermotti said...

Post
Switzerland: Exercise of over-allotment brings Galderma listing to CHF2.3bn

Switzerland: Exercise of over-allotment brings Galderma listing to CHF2.3bn

Galderma, the pure-play dermatology business that recently listed on the SIX Swiss exchange, has taken total size of the transaction to around CHF2.3bn (US$2.54bn) with the full exercise of the 15% over-allotment option. Some additional 5,626,592 shares were sold to the global coordinators by sellers EQT, ADIA and Auba Investment at...

Post
85 Swiss branches of UBS and Credit Suisse to shut, report says

85 Swiss branches of UBS and Credit Suisse to shut, report says

ZURICH, – UBS will close 85 branches in Switzerland of its combined operations with Credit Suisse by 2025 as part of its consolidation of its erstwhile rival, Swiss media reported on Friday. The Aargauer Zeitung said the closures would be where UBS and Credit Suisse branches stood in “immediate proximity”, and that a pilot phase...