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UBS Group AG (UBS)

NYSE - NYSE Delayed price. Currency in USD
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14.79+0.28 (+1.93%)
At close: 04:00PM EDT
15.14 +0.35 (+2.37%)
Pre-market: 04:30AM EDT
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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.