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UBS Group AG (UBS), a global leader in wealth management and investment banking, provides critical financial services across 50+ markets. This page aggregates official announcements, strategic initiatives, and market-moving developments directly from UBS and verified sources.
Investors and professionals gain streamlined access to earnings reports, merger activity, leadership updates, and regulatory filings. All content is curated to meet strict accuracy standards, ensuring reliable tracking of UBS's performance in private banking, asset management, and corporate advisory sectors.
Expect comprehensive coverage of quarterly results, sustainability initiatives, cross-border expansions, and risk management strategies. Updates reflect UBS's role in shaping global finance while addressing evolving regulatory landscapes in key markets like Switzerland, the Americas, and Asia-Pacific.
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UBS reported its 1Q23 results with a notable decline in profitability, as net profit attributable to shareholders fell 52% year-over-year to USD 1.029 billion, and profit before tax (PBT) was USD 1.495 billion, down 45% YoY. Total revenues decreased by 7%, while operating expenses rose by 9%, largely due to litigation provisions totaling USD 665 million. The cost/income ratio increased to 82.5%. Despite these challenges, UBS attracted USD 28 billion in net new money, highlighting robust client momentum in Global Wealth Management. UBS also suspended share repurchases amid the anticipated acquisition of Credit Suisse, aiming to enhance its global position in wealth management. The firm maintains strong capital ratios with a CET1 capital ratio of 13.9%. Outlook remains cautious due to macroeconomic uncertainties, though higher net interest income is anticipated.
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