by Amruth Sundarkumar | Jul 21, 2021 | Banks
UBS reported a 63% rise in net profits YoY to $2bn in Q2, beating expectations of $1.34bn. Pre-tax profits rose across all geographies with the CEO saying, “Momentum is on our side and our strategic choices and initiatives are paying off…We have no intention of...
by Amruth Sundarkumar | Jun 14, 2021 | Banks
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....
by bondevalue | May 27, 2021 | Financial Institutions, Perpetual Bonds
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...
by bondevalue | Apr 27, 2021 | Banks, Financial Institutions
HSBC reported solid results with Q1 adjusted profit before taxes more than doubling to $6.4bn and net profits up 82% to $4.6bn. All regions were profitable in the quarter, with HSBC particularly mentioning ‘HSBC UK Bank plc’ reporting pre-tax profits of over $1bn....
