(Bloomberg) UBS Group AG is starting a digital wealth manager in the U.S. to grab a bigger share of the country’s market for retirement savings and stock options, in a move that will pit it against the top Wall Street banks on their home turf. The new digital bank will service affluent customers with between $250,000 and $2 million in assets, a group UBS hasn’t previously targeted in a meaningful way, Chief Financial Officer Kirt Gardner said Tuesday. While the bank plans to build the business organically, it’s open to acquisitions to accelerate the strategy, according to Chief Executive Officer Ralph Hamers. “Organic growth is basically the default,” Hamers said in an interview with Bloomberg TV. But “if there is an inorganic option that could accelerate us into that direction, we would certainly consider it.” The new business, scheduled to start some time next year, would be almost entirely digital but customers would still have the option to call on a human adviser,
/PRNewswire/ As previously announced, shareholders of Eaton Vance Floating-Rate Income Plus Fund (formerly listed on the New York Stock Exchange under the.
Suriname has reached a last-minute agreement with creditors to extend the deadline for payments on two global bonds until Thursday, the country's finance minister said on Wednesday.
Morgan Stanley Reports Net Revenues of $14.8 Billion, EPS of $1.98 and ROTCE of 19.6% Morgan Stanley (NYSE: MS) today reported net revenues of $14.8 billion for the third quarter ended September