Sign Up
Stories
UBS Strategic Cost Reduction Plan
Share
Carlyle Secured Lending Reports Strong Q...
Debt Acquisition Transforms FTI's Future
Debt Financing Developments in Denmark a...
Banking Sector Adapts Strategy
ECB's Panetta Suggests Banks Use Profits...
Fed's Bank Term Funding Program Shutdown
Overview
API
UBS plans to cut costs by $300 million in its Asset Management arm, facing challenges from customer withdrawals and rising operational expenses. The bank aims to integrate parts of Asset Management into its wealth management unit and appointed a new head. UBS targets a $13 billion cost reduction by 2026.
Ask a question
How could UBS's cost reduction plan influence the competitive landscape in the financial sector?
How might integrating Asset Management into wealth management impact client services?
What strategies could UBS implement to mitigate customer withdrawals in Asset Management?
Article Frequency
0.2
0.4
0.6
0.8
1.0
Feb 2024
Mar 2024
Apr 2024
Coverage
hande