Tag: UBS Group AG

Home » UBS Group AG
'I don't think we're facing the next GFC,' UBS U.S. chief economist says

Next global financial crisis is not ahead: UBS U.S. chief economist

Despite indicators like U.S. credit card debt pointing toward financial and economic pressures, another global financial crash is not imminent, UBS chief U.S. economist Jonathan Pingle believes. U.S. credit card debt soared to $1.08 trillion in the third quarter of 2023, data from the Federal Reserve Bank of New York showed earlier this month. This...

UBS CEO 'positively surprised' by quick return of client inflows

UBS q3 2023 earnings

A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023.  Denis Balibouse | Reuters UBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit. The bank recorded an underlying operating profit before tax of $844 million, well ahead of consensus expectations. UBS shares were...