Tech Titans: Corporate Leaders at the Forefront of Digital Transformation
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
April 26, 2023: On Tuesday, UBS reported a 52% annual drop in net profit amid a legacy litigation matter but looked after it as a “source of stability” for its clients in periods of high uncertainty.
These are the bank’s initial results since announcing its takeover of rival Credit Suisse.
UBS stated that net profit came in at $1.03 billion for the initial quarter, coming in well below analyst anticipation of a net profit of almost $1.75 billion for the period, according to Refinitiv.
The hit in net income came from surged provisions of $665 million after a U.S. residential mortgage-backed protection litigation matter.
Speaking to Geoff Cutmore, UBS CEO Sergio Ermotti, who resumed his post on April 5, stated, “We are in advanced discussions. Therefore, we can close this 15-year-old chapter very soon.”
Ermotti also described the recent results as “very solid.”
“We saw some inflows income from Credit Suisse, but, most importantly, keeping to see even following the transaction, we experience inflows, so the demonstration that our customers believe we are a source of stability,” he stated.
“We are included in the solution and not included in the problem,” he added.
The lender said that it attracted $28 billion in net recent money in its global wealth management unit; $ 7 billion were included in the last ten days of March after it acquired Credit Suisse.
Corporate leaders today stand at the nexus of unprecedented technological evolution, where digital transformation reshapes industries and redefines …
Corporate leaders stand at the helm of their organizations, often tasked with making decisions that can steer their companies toward …
Corporate leaders are often tested by crises that threaten the very foundation of their organizations. How do these leaders navigate turbulent …
In the vast and often tumultuous seas of corporate leadership, have you ever wondered how some captains …
In the high-stakes game of corporate leadership, where every decision reverberates through the echelons ….
In the corporate landscape, where conformity often reigns supreme, what if I told you that rebels aren’t troublemakers but …
The Autonomous Republic of Crimea is” “a great administrative division regarding Ukraine encompassing the majority of of Crimea that was unilaterally annexed by Russia in
Though polling data indicate a far a lot more even split involving Trump and Harris less than about three weeks before Selection Day. Recent significant
It’s important to assure any platform an individual use is reputable and abides simply by local regulations. A country that when allowed Mostbet may have
There’s recently been off-the-field drama prior to this contest, since the Jets fired their coach. But using the sportsbook promos featured in this guidebook, there
Leave us a message
Subscribe
Fill the form our team will contact you
Advertise with us
Fill the form our team will contact you