Myriam Balezou

UBS-Kunden aus dem Family-Office-Segment fahren ihr finanzielles Engagement in den USA zurück und passen damit ihre Strategien an die veränderte makroökonomische Lage weltweit an.

UBS Group AG's family office clients are curbing their financial exposure to the U.S. as part of a revamp in how they manage the world's shifting macroeconomic landscape.

UBS Group AG has eliminated several hundred positions across its operations in Europe, the Middle East and Africa, marking the latest wave of reductions tied to the acquisition of Credit Suisse three years ago.

UBS Group AG said client sentiment remains positive but cautious despite geopolitical uncertainties and market turmoil, according to the bank’s co-presidents of global wealth management Iqbal Khan and Robert Karofsky.

UBS Group AG Chief Executive Officer Sergio Ermotti said he worries about Switzerland’s proposed population cap initiative, saying this is not a solution to the country’s problems.

The rationale for mergers and acquisitions among European banks is rising even in the face of hurdles to cross-border tie ups, according to one of the region’s top financials deal-makers.

Some of Europe’s largest banks have explored offering clients leveraged deposits with Saudi Arabian lenders to take advantage of higher savings rates offered by the kingdom’s lenders, according to people with knowledge of the matter.

The number of billionaires has jumped almost 13.1% to a record 3,302 in the past year, driven by substantial growth in the US and Asia, according to UBS Group AG.

UBS Group AG has criticized the Swiss National Bank for a “misleading” regulatory report on the lender’s readiness for stricter capital rules.

Partners Group Holding AG reiterated that asset growth could be slowed by its evergreen funds, highlighting the difficult conditions it’s operating in.