Tag Archives: ubs group

It is said that the new CEO is equipped as the “best pilot” to navigate the current business challenges. Investment banking company UBS has named former UBS Group CEO Sergio Ermotti as the new CEO to oversee the Credit Suisse takeover. UBS bought Credit Suisse for $3.2 billion last week as regulators seek to ramp up the global banking system. The Swiss National Bank referred to the acquisition as the solution to secure financial stability and the protection of the nation’s economy....

FDIC said that the deal between Signature and Flagstar would cost the Deposit Insurance Fund an estimated $2.5 billion. On Sunday, March 19, the Federal Deposit Insurance Corporation announced that Flagstar Bank, a subsidiary of the New York Community Bancorp, has entered an agreement with US regulators to secure the deposits and loans from Signature Bank, which announced shutdown a week back. The FDIC said that roughly $4 billion of Signature Bank’s deposits and $60 billion worth of...

The line between crypto and traditional banking services is beginning to thin out even more. UBS Group, one of the largest investment firms in Switzerland, has announced that it is looking into potentially offering its wealthiest clients varying crypto options as demand for digital assets has grown exponentially in the past few years. UBS Group Has Joined the Crypto Rankings Crypto continues to boom in popularity, with the space now becoming more legitimized and...

In yet another shakeup, leading financial institution UBS Group removed Sergio Ermotti as its Chief Executive Officer and will replace him with ING Group’s Ralph Hammer. It is already the second major lender after Credit Suisse to replace its leading figure this month.Banks and major financial institutions are making structural and strategic changes this year and Switzerland-based UBS Group is joining the queue. The financial institution giant replaced CEO Sergio Ermotti and immediately...

Tesla stock has made a lot of headlines recently. Former presidential candidate and political activist Ralph Nader is not as pumped about Tesla as the rest of the market. In fact, Nader believes that Tesla is the spark that will burn the stock market, leveling it to ashes. On Wednesday, Nader took to Twitter to warn the general public about Tesla’s recent surge, suggesting that it’s unsustainable.Ralph Nader Predicts Tesla Spells DoomIn a tweet on the 22nd of January, Nader said:“When the...