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Tidjane Thiam received less pay than his target after the chief executive officer volunteered for a 40% bonus cut as a gesture to beleaguered traders.
March 24 -
The firm's CEO said performance at the wealth management and investment banking units has failed to recover in the first quarter with “challenging conditions” continuing into this year.
March 16 -
A multi-year plan coincided with third-quarter results that missed analyst estimates, partly because of a bigger-than- expected drop in managing clients' money, the business the company wants to expand.
October 21 -
CEO Tidjane Thiam said he plans to allocate more resources to wealth management and strengthen the bank's position in Asia, while scaling back the investment bank, mirroring an approach of UBS.
October 9 -
CEO Tidjane Thiam is under pressure to make deeper cuts to its investment bank and allocate more resources to wealth management. Thiam told staff in a memo on his first day on the job in July that he would be "ruthlessly selective" about where the bank allocates its resources.
October 9 -
The rapid rate of wealth creation by billionaire entrepreneurs will probably level off over the next two decades as economic growth slows in emerging markets and governments act against income inequality, a UBS study found.
May 26 -
Switzerland's second biggest bank beat analysts' estimates, posting a pre-tax profit of 636 million francs, about $666 million, in the first quarter.
April 21 -
Sources say the review of the firm's Australian wealth management business may lead to a sale.
April 16 -
The firm named Prudential's Tidjane Thiam to replace Brady Dougan as chief executive officer as the bank grapples with declining profitability at the securities unit and weakened capital.
March 10 -
Facing the threat of competition from Google and Amazon.com, UBS has turned to a company that uses artificial intelligence for help delivering personalized advice to the bank's wealthy clients.
December 8