In a major financial move, UBS Group has announced the sale of its 50% stake in Swisscard to American Express, making the U.S. company the sole owner of the Swiss-based credit card provider. This strategic divestment follows UBS’s acquisition of Credit Suisse in 2023 for $3.2 billion, during which it inherited Swisscard’s stake. UBS’s decision […]
Swiss investment bank UBS has doubled down on its pessimistic view of Tata Motors Limited, reiterating a ‘Sell’ rating on the company’s stock due to what it perceives as significant overvaluation and looming risks associated with its luxury vehicle division, Jaguar Land Rover (JLR). UBS set a price target of INR 825.00, suggesting that the […]
Link Administration Holdings Limited (Link Group), an Australian fintech company, said that has received a sweetened takeover offer of AUD 5.38 ($3.98) per share or AUD 2.88 billion ($2.13 billion) from the Carlyle Group. The conditional, non-binding indicative proposal has been issued by Carlyle Asia Partners V, L.P., an investment fund managed and advised by […]
UBS Europe, a subsidiary of Swiss banking group UBS, will sell its Austrian wealth management business to Liechtenstein-based private banking and asset management company LGT. The financial terms of the transaction were not revealed by the parties. The Austrian wealth management business of UBS has assets under management (AUM) of about €4 billion. It has […]
Cloud9 Technologies, a cloud-based communications provider, has raised $17.5 million in a Series B funding round led by Swiss investment bank UBS alongside participation from existing investors such as J.P. Morgan and Barclays. The New York City-based company calls itself to be a voice communication and analytics platform designed to address the unique requirements of […]