Hints and tips:
Related Special Reports
...“From an earnings and valuation point of view, UBS should really be seen as a wealth manager with a banking license, not a bank with a wealth management business,” said Förberg....
...But HSBC chief executive Noel Quinn argued at the FT summit that there was “a bit of a disconnect in that argument because actually what happened earlier this year wasn’t about capital, it was about liquidity...
...“It’s a business where you should be compensated in a variable way, so I think it’s good news for our industry, it makes a lot of sense,” Botín told the FT. “I’m sure we will adapt to that....
...such a meeting at the height of the eurozone debt crisis....
...Buybacks have been the biggest source of growth over the past three years, with just a few billion euros of repurchases a year across the 50 biggest banks in the years running up to 2020....
...Metro has already rejected a bid from fellow challenger bank Shawbrook, but the latter remains interested in doing a deal, said one person briefed on the matter....
...The bank has a 48.5 per cent stake in Viva....
...“It is a pity that it takes a crisis to create something that makes sense.”...
...BNP Paribas shares fell almost 10 per cent on Thursday, the biggest drop on a bruising morning for several European lenders, after pushing back a key profitability target....
...The recent collapse of Credit Suisse, following a decade of scandals, and its takeover by UBS presented Julius Baer with a once-in-a-generation opportunity to pick off advisers and clients from its much...
...Owen, I’m gonna do something risky and ask you to make a prediction here. Do you think that Khan can turn UBS’s wealth division around in the US? Owen WalkerYes. He’s very well-respected executive....
...Collardi oversaw a rapid expansion of the bank but was later reprimanded by Switzerland’s regulator for a lack of focus on preventing money laundering....
...In the letter, Kelleher and Ermotti said Credit Suisse failed due to a “broken business model” rather than a lack of capital....
...a “debanking” scandal involving Nigel Farage....
...“Morgan Stanley was a bloodless coup — I would love to get to the stage in future where UBS could run the same playbook . . . with a number of credible candidates,” he said....
...At the time, Credit Suisse said a change to the contract would lead to a $600mn loss for the bank. But on Wednesday, UBS confirmed it would be a $900mn loss....
...Jane Owen is an FT contributing editor and garden author Find out about our latest stories first — follow @FTProperty on X or @ft_houseandhome on Instagram...
...Owen WalkerSo, I mean, a general theme across the board is the impact of interest rates....
...“If he can deliver, it will be a massive feather in his cap.” A UBS insider described Khan’s task as a “three-year job interview”....
...The drought in M&A in 2022 and 2023 marked a sharp contrast with the previous year when a wave of monetary stimulus from central banks in response to the pandemic encouraged companies and private equity...
...pandemic-era hiring binge and a lack of dealmaking....
...But less than a year later, under a new chair and chief executive, the bank underwent another restructuring....
...“Landscape and Imagination, from Gardens to Land Art” closes Sunday June 16; comptonverney.org.uk Jane Owen is an FT contributing editor and garden author Find out about our latest stories first — follow...
...Grisi, who earned a total of €6.8mn last year, would see his fixed salary increase from €3mn to €3.15mn under the new plan....
...The proposal came before Metro approached investors this week about a separate fundraising plan for a similar amount to shore up its balance sheet, triggering a week of turmoil for the bank....
International Edition