Latest news with #UBSAG
Time of India
26-05-2025
- Business
- Time of India
UBS seeks CCI approval for 4.95% stake acquisition in 360 ONE
UBS AG, the multinational investment bank, has approached the Competition Commission of India (CCI) seeking approval to acquire a 4.95 per cent stake in domestic wealth management firm 360 ONE WAM Ltd (360 ONE). In a notice filed with CCI on May 22, UBS outlined that 360 ONE WAM will issue 2,05,02,939 subscription warrants on a preferential allotment basis to UBS AG, allowing the bank to subscribe to up to 4.95 per cent of 360 ONE's paid-up share capital, as per the terms set out in the securities subscription agreement between the two entities, PTI reported. The proposed transaction also includes the transfer of Credit Suisse Securities (India) wealth management and stock broking businesses to 360 ONE entities. Credit Suisse Securities (India) is a wholly-owned subsidiary of UBS AG. Under the deal, Credit Suisse's portfolio management services will be transferred to 360 ONE Portfolio Managers, while stock broking and financial product distribution operations will be assigned to 360 ONE Distribution Services. Both transfers will be made as going concerns on a slump sale basis. Additionally, UBS Finance India will transfer its entire loan portfolio, part of its non-banking financial company operations, to 360 Prime under a separate agreement. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo The deal further includes a collaboration agreement between UBS AG and 360 ONE WAM Ltd, wherein both firms will jointly offer wealth management solutions to domestic and global clients. UBS has stated that the proposed transaction will not have any adverse impact on market dynamics in India or competition in any relevant markets. It also emphasized that it had delineated certain relevant markets, including portfolio management, stock broking, and mutual fund distribution, to assist the CCI's assessment. In April, UBS had announced an exclusive strategic collaboration with 360 ONE, under which UBS will transfer its onshore wealth management business in India to 360 ONE, along with acquiring a 4.95 per cent stake in the firm. The deal is subject to approval from the Competition Commission of India before it can proceed to completion. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Free Malaysia Today
23-05-2025
- Automotive
- Free Malaysia Today
BYD's HK shares hit record premium over onshore stock
BYD's shares gained as much as 4.4% in Hong Kong today. (AP pic) HONG KONG : BYD Co's shares rose to a record high in Hong Kong, expanding their premium over those trading on the mainland to the highest level ever. The shares gained as much as 4.4% in the financial hub, buoyed by positive sentiment surrounding Contemporary Amperex Technology Co's blockbuster debut. The stock is now priced at more than a 5% premium over the Shenzhen-listed shares, after adjusting for currency conversion, according to Bloomberg-compiled data. Advances in the electric carmaker's Hong Kong shares underscore growing conviction among foreign investors over the company's prospects, making them a rare standout among dual-listed stocks. Shares listed on the mainland currently trade at around 33% premium to their Hong Kong counterparts, according to the Hang Seng Stock Connect China AH Premium Index. Mainland shares' premium over Hong Kong will remain on an aggregate level, but certain stocks such as BYD and China Merchants Bank Co that are considered 'quality core holdings for foreign investors' have shown discounts, UBS AG strategist James Wang wrote in a note. That's also helped by better liquidity offshore, they added.
Yahoo
22-05-2025
- Business
- Yahoo
UBS Declares Quarterly Coupon Payment on Exchange Traded Note: AMUB
NEW YORK, May 22, 2025--(BUSINESS WIRE)--UBS Investment Bank today announced coupon payments for the ETRACS Alerian MLP Index ETN Series B (NYSE Arca: "AMUB"), traded on the NYSE Arca. NYSETicker ETN Name and Prospectus Supplement* CouponValuationDate Ex-Date Record Date PaymentDate CouponAmount PaymentSchedule Current Yield(annualized)** AMUB ETRACS Alerian MLP Index ETN Series B 5/15/25 5/29/25 5/29/25 6/6/25 $0.3085 Quarterly 6.31% * The table above provides a hyperlink to the relevant prospectus and supplements thereto. For more information on the ETRACS ETN, see "List of ETNs." **"Current Yield (annualized)" equals the current Coupon Amount, multiplied by four (to annualize such coupon), divided by the Closing Indicative Value of the ETN on its current Coupon Valuation Date rounded to two decimal places for ease of analysis. The Current Yield is not indicative of future coupon payments, if any, on the ETN. You are not guaranteed any coupon or distribution amount under the ETN. About ETRACS ETRACS ETNs are senior unsecured notes issued by UBS AG, are traded on NYSE Arca, and can be bought and sold through a broker or financial advisor. An investment in ETRACS ETNs is subject to a number of risks, including the risk of loss of some or all of the investor's principal, and is subject to the creditworthiness of UBS AG. Investors are not guaranteed any coupon or distribution amount under the ETNs. We urge you to read the more detailed explanation of risks described under "Risk Factors" in the applicable prospectus supplement for the ETRACS ETN. UBS AG has filed a registration statement (including a prospectus and supplements thereto) with the Securities and Exchange Commission, or SEC, for the offerings of securities to which this communication relates. Before you invest, you should read the prospectus, along with the applicable prospectus supplement to understand fully the terms of the securities and other considerations that are important in making a decision about investing in the ETRACS ETN. The applicable offering document for the ETRACS ETN may be obtained by clicking on the name of the ETRACS ETN identified above. You may also get these documents without cost by visiting EDGAR on the SEC website at The securities related to the offerings are not deposit liabilities and are not insured or guaranteed by the Federal Deposit Insurance Corporation or any other governmental agency of the United States, Switzerland or any other jurisdiction. About UBS UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. It also provides diversified asset management solutions and focused investment banking capabilities. UBS manages 6.1 trillion dollars of invested assets as per fourth quarter 2024. UBS helps clients achieve their financial goals through personalized advice, solutions and products. Headquartered in Zurich, Switzerland, the firm is operating in more than 50 markets around the globe. UBS Group shares are listed on the SIX Swiss Exchange and the New York Stock Exchange (NYSE). In the US, securities underwriting, trading and brokerage activities and M&A advisor activities are provided by UBS Securities LLC, a registered broker/dealer that is a wholly owned subsidiary of UBS AG, a member of the New York Stock Exchange and other principal exchanges, and a member of SIPC ( UBS Financial Services Inc. is a registered broker/dealer and affiliate of UBS Securities LLC. This material is issued by UBS AG and/or any of its subsidiaries and/or any of its affiliates ("UBS"). This document was produced by and the opinions expressed are those of UBS as of the date of writing and are subject to change. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of UBS to any person to buy or sell any security. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but UBS does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. Products and services mentioned in this material may not be available for residents of certain jurisdictions. Past performance is not necessarily indicative of future results. Please consult the restrictions relating to the product or service in question for further information. Alerian MLP Index and AMZ are trademarks of VettaFi and their use is granted under a license from VettaFi. VettaFi owns and administers the Alerian Index Series. UBS specifically prohibits the redistribution or reproduction of this communication in whole or in part without the prior written permission of UBS and UBS accepts no liability whatsoever for the actions of third parties in this respect. © UBS 2025. The key symbol, UBS and ETRACS are among the registered and unregistered trademarks of UBS. Other marks may be trademarks of their respective owners. All rights reserved. _______________________________ 1 Individual investors should instruct their broker/advisor/custodian to call us or should call together with their broker/advisor/custodian. View source version on Contacts Media contact Alison Keunen+ Institutional Investor contact1 +1-877-387 2275 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
08-05-2025
- Business
- Business Wire
UBS AG published its 1Q25 financial report (Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules)
UBS (NYSE:UBS) (SWX:UBSN) today published the UBS AG first-quarter 2025 financial report and the 31 March 2025 UBS Group Pillar 3 Report. These reports are available for download on the UBS website. Cautionary Statement Regarding Forward-Looking Statements This news release contains statements that constitute 'forward-looking statements,' including but not limited to management's outlook for UBS's financial performance, statements relating to the anticipated effect of transactions and strategic initiatives on UBS's business and future development and goals or intentions to achieve climate, sustainability and other social objectives. While these forward-looking statements represent UBS's judgments, expectations and objectives concerning the matters described, a number of risks, uncertainties and other important factors could cause actual developments and results to differ materially from UBS's expectations. In particular, the global economy may suffer significant adverse effects from increasing political tensions between world powers, changes to international trade policies, including those related to tariffs and trade barriers, and ongoing conflicts in the Middle East, as well as the continuing Russia–Ukraine war. UBS's acquisition of the Credit Suisse Group has materially changed its outlook and strategic direction and introduced new operational challenges. The integration of the Credit Suisse entities into the UBS structure is expected to continue through 2026 and presents significant operational and execution risk, including the risks that UBS may be unable to achieve the cost reductions and business benefits contemplated by the transaction, that it may incur higher costs to execute the integration of Credit Suisse and that the acquired business may have greater risks or liabilities than expected. Following the failure of Credit Suisse, Switzerland is considering significant changes to its capital, resolution and regulatory regime, which, if proposed and adopted, may significantly increase our capital requirements or impose other costs on UBS. These factors create greater uncertainty about forward-looking statements. Other factors that may affect UBS's performance and ability to achieve its plans, outlook and other objectives also include, but are not limited to: (i) the degree to which UBS is successful in the execution of its strategic plans, including its cost reduction and efficiency initiatives and its ability to manage its levels of risk-weighted assets (RWA) and leverage ratio denominator (LRD), liquidity coverage ratio and other financial resources, including changes in RWA assets and liabilities arising from higher market volatility and the size of the combined Group; (ii) the degree to which UBS is successful in implementing changes to its businesses to meet changing market, regulatory and other conditions; (iii) inflation and interest rate volatility in major markets; (iv) developments in the macroeconomic climate and in the markets in which UBS operates or to which it is exposed, including movements in securities prices or liquidity, credit spreads, currency exchange rates, residential and commercial real estate markets, general economic conditions, and changes to national trade policies on the financial position or creditworthiness of UBS's clients and counterparties, as well as on client sentiment and levels of activity; (v) changes in the availability of capital and funding, including any adverse changes in UBS's credit spreads and credit ratings of UBS, as well as availability and cost of funding to meet requirements for debt eligible for total loss-absorbing capacity (TLAC); (vi) changes in central bank policies or the implementation of financial legislation and regulation in Switzerland, the US, the UK, the EU and other financial centers that have imposed, or resulted in, or may do so in the future, more stringent or entity-specific capital, TLAC, leverage ratio, net stable funding ratio, liquidity and funding requirements, heightened operational resilience requirements, incremental tax requirements, additional levies, limitations on permitted activities, constraints on remuneration, constraints on transfers of capital and liquidity and sharing of operational costs across the Group or other measures, and the effect these will or would have on UBS's business activities; (vii) UBS's ability to successfully implement resolvability and related regulatory requirements and the potential need to make further changes to the legal structure or booking model of UBS in response to legal and regulatory requirements and any additional requirements due to its acquisition of the Credit Suisse Group, or other developments; (viii) UBS's ability to maintain and improve its systems and controls for complying with sanctions in a timely manner and for the detection and prevention of money laundering to meet evolving regulatory requirements and expectations, in particular in the current geopolitical turmoil; (ix) the uncertainty arising from domestic stresses in certain major economies; (x) changes in UBS's competitive position, including whether differences in regulatory capital and other requirements among the major financial centers adversely affect UBS's ability to compete in certain lines of business; (xi) changes in the standards of conduct applicable to its businesses that may result from new regulations or new enforcement of existing standards, including measures to impose new and enhanced duties when interacting with customers and in the execution and handling of customer transactions; (xii) the liability to which UBS may be exposed, or possible constraints or sanctions that regulatory authorities might impose on UBS, due to litigation, contractual claims and regulatory investigations, including the potential for disqualification from certain businesses, potentially large fines or monetary penalties, or the loss of licenses or privileges as a result of regulatory or other governmental sanctions, as well as the effect that litigation, regulatory and similar matters have on the operational risk component of its RWA; (xiii) UBS's ability to retain and attract the employees necessary to generate revenues and to manage, support and control its businesses, which may be affected by competitive factors; (xiv) changes in accounting or tax standards or policies, and determinations or interpretations affecting the recognition of gain or loss, the valuation of goodwill, the recognition of deferred tax assets and other matters; (xv) UBS's ability to implement new technologies and business methods, including digital services, artificial intelligence and other technologies, and ability to successfully compete with both existing and new financial service providers, some of which may not be regulated to the same extent; (xvi) limitations on the effectiveness of UBS's internal processes for risk management, risk control, measurement and modeling, and of financial models generally; (xvii) the occurrence of operational failures, such as fraud, misconduct, unauthorized trading, financial crime, cyberattacks, data leakage and systems failures, the risk of which is increased with persistently high levels of cyberattack threats; (xviii) restrictions on the ability of UBS Group AG, UBS AG and regulated subsidiaries of UBS AG to make payments or distributions, including due to restrictions on the ability of its subsidiaries to make loans or distributions, directly or indirectly, or, in the case of financial difficulties, due to the exercise by FINMA or the regulators of UBS's operations in other countries of their broad statutory powers in relation to protective measures, restructuring and liquidation proceedings; (xix) the degree to which changes in regulation, capital or legal structure, financial results or other factors may affect UBS's ability to maintain its stated capital return objective; (xx) uncertainty over the scope of actions that may be required by UBS, governments and others for UBS to achieve goals relating to climate, environmental and social matters, as well as the evolving nature of underlying science and industry and the possibility of conflict between different governmental standards and regulatory regimes; (xxi) the ability of UBS to access capital markets; (xxii) the ability of UBS to successfully recover from a disaster or other business continuity problem due to a hurricane, flood, earthquake, terrorist attack, war, conflict, pandemic, security breach, cyberattack, power loss, telecommunications failure or other natural or man-made event; and (xxiii) the effect that these or other factors or unanticipated events, including media reports and speculations, may have on its reputation and the additional consequences that this may have on its business and performance. The sequence in which the factors above are presented is not indicative of their likelihood of occurrence or the potential magnitude of their consequences. UBS's business and financial performance could be affected by other factors identified in its past and future filings and reports, including those filed with the US Securities and Exchange Commission (the SEC). More detailed information about those factors is set forth in documents furnished by UBS and filings made by UBS with the SEC, including the UBS Group AG and UBS AG Annual Reports on Form 20-F for the year ended 31 December 2024. UBS is not under any obligation to (and expressly disclaims any obligation to) update or alter its forward-looking statements, whether as a result of new information, future events, or otherwise.
Business Standard
22-04-2025
- Business
- Business Standard
Board of 360 ONE WAM approves collaboration with UBS AG
At meeting held on 22 April 2025 The Board of 360 ONE WAM at its meeting held on 22 April 2025 has approved the following: A. exclusive strategic collaboration term sheet between the Company and UBS AG, for making wealth management solutions available to domestic and global clients and execution thereof; and B. issue of 2,05,02,939 warrants on a preferential issue basis to UBS AG at a price of Rs. 1,030/- (Rupees One Thousand and Thirty only) per warrant, convertible into an equivalent number of fully paid-up equity shares of the Company of face value of Re. 1/- each, within a maximum period of 18 (eighteen) months from the date of allotment, subject to the approval of shareholders of the Company. The issue price represents a premium of 14% to the 3-day VWAP price preceding the relevant date i.e. 17 April 2025; and C. also took note of the proposed acquisition of India Wealth Business of affiliates of UBS AG by subsidiaries of the Company, including the stock broking services and distribution business; discretionary and non-discretionary portfolio management services business on a slump sale basis and acquisition of the residual loan portfolio of wealth management clients as of the date of consummation of the transaction. The active assets under management stood at ~Rs 26,000 crore as on December 31, 2024. The net consideration for the transaction is Rs. 307 crore.
