UBS Reports $2.3bn in Q3 Profits, Beats Expectations
UBS Group reported a 9% YoY jump in its Q3 net profits at $2.3bn vs. expectations of a $1.6bn. The Swiss-based bank’s wealth management division provided a significant boost again with its profit before taxes (PBT) growing 43% to $1.5bn. During Q2, the division...
UBS Seen Bidding For NN Group’s Asset Management Arm
UBS and German asset management firm DWS are going ahead with final bids for NN Group’s asset management arm, NN Investment Partners after Europe’s biggest insurers such as Allianz, Assicurazioni Generali and The Royal London Group have dropped out, as per Reuters....
UBS Raises $750mn Via PerpNC5 AT1 at 3.875%
UBS raised $750mn via a Perpetual non-call 5Y (PerpNC5) AT1 bond at a yield of 3.875%, 37.5bp inside initial guidance of 4.25% area. The bonds have expected ratings of BB/BBB. The coupon is fixed until the call date/reset date of June 1, 2026. If the bonds are not...
