UBS Group AG (UBS)
Pre-market:
- Zacks
Is Banco Do Brasil (BDORY) Stock Undervalued Right Now?
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- Reuters
Shareholder, regulator pushback ended UBS-Wealthfront deal, SonntagsZeitung reports
Resistance from shareholders and United States regulators torpedoed Swiss bank UBS's $1.4 billion bid for U.S. digital wealth management group Wealthfront, Swiss paper SonntagsZeitung reported, citing bank sources it did not identify. UBS and Wealthfront said last month they had agreed to terminate the deal that was expected to fast-track UBS's growth in the U.S. market. Big shareholders were dissatisfied with the terms of the deal after tech stock valuations plunged as central banks began to tighten policy to fight inflation, and thought UBS could build its own platform without Wealthfront, the paper said.
- Business Wire
$428 million advisor team joins UBS in Hartford, Connecticut
HARTFORD, Conn., September 30, 2022--UBS Wealth Management USA today announced that Matthew Tashjian and Jason Farkas have joined the firm as Financial Advisors in Hartford, Connecticut. The team is responsible for managing a combined $428 million in client assets for high net worth individuals and families.
