Myriam Balezou

Its Americas wealth business posted net inflows of $1 billion, even after a $10 billion outflow related to the U.S. tax season.

Swiss Re AG’s first-half profit beat estimates as the re-insurer saw all key business units perform in line with targets, while the firm announced a fresh round of cost cuts.

Swiss Re AG's first-half profit beat estimates as the reinsurer saw all key business units perform in line with targets, while the firm announced a fresh round of cost cuts.

UBS Group AG is expanding its push to offer clients leveraged deposits with Middle East lenders to take advantage of higher regional savings rates, people familiar with the matter said.

Swiss lawmakers are focusing on a possible compromise in the debate over regulation of UBS Group AG which would potentially make it less expensive for the bank to meet the government’s $20 billion capital demand.

KKR & Co. has overtaken Partners Group AG as Europe’s largest manager of open-ended private market funds, with the US firm expanding its business as the Swiss asset manager has grappled with withdrawal requests.

UBS Group AG rejected the latest decision by the Swiss parliament which would impose substantial new capital requirements, saying it will focus on protecting its long-term interests.

UBS Group AG has to have a presence in the US to prosper, Chief Executive Officer Sergio Ermotti said, in a sign that he’s unwilling to consider cutbacks to meet the capital requirements that Switzerland is set to impose.

The departure of UBS Group AG from Switzerland would be a heavy blow for the country, according to one of its domestic competitors.

Nomura Holdings Inc. is weighing expanding its wealth management operation into Switzerland, according to people with knowledge of the matter, a move that would push it into the backyard of the world’s largest wealth manager UBS Group AG.