Winners and losers: Billionaires boom but Brits suffer largest fall in wealth since pandemic Wealth The artificial intelligence boom fuelled a 13 per cent surge in global billionaire wealth last year, according to a fresh study which also found the UK has suffered the biggest fall in overall wealth levels of any developed nation since the pandemic. According to the UBS temperature check of high-net-worth individuals, nearly 400 billionaires were [...]
Trans-Atlantic bid for DCC sends £5bn energy firm to top of FTSE 100 Markets London-listed sales and distribution services group DCC became the target of a new trans-Atlantic bid for a top-tier FTSE 100 firm on Wednesday, sending its shares soaring. The Dublin-based firm received an offer from famed US private equity house Kohlberg Kravis Roberts & Co, which linked up with Energy Capital Partners. DCC said it had received [...]
Barclays and Lloyds picked for City watchdog’s AI live testing Fintech Barclays has joined the second cohort of firms selected by the UK’s financial watchdog to get a safe run at testing AI as banking giants battle to bulk up their tech capacity. The FTSE 100 constituent will join its peer Lloyds Banking Group – which will be represented by its subsidiary Scottish Widows – as [...]
UK wealth managers endure share price plummet amid AI tool fears February 11, 2026 Shares in some of the UK’s largest wealth managers tumbled on Wednesday, as investors grew concerned about the potential competitive pressure from a new AI-led investment tool. Britain’s biggest wealth group, St James’s Place, suffered a 12.7 per cent drop, trading at 1,265 pence, after US-based wealth management platform Altruist launched a tool to help [...]
Banks cool on interest rate cut expectations amid forecasting clash January 28, 2026 Top City banks have pushed back their predictions for the Bank of England’s next interest rate cut as forecasters are split on whether high inflation could upend monetary policy decisions. UBS Investment Bank economist Anna Titareva pushed back a call for the Bank’s next cut from February to March after the Office for National Statistics [...]
UBS scouting for new top boss with Sergio Ermotti to exit next year January 13, 2026 UBS Group is on the hunt for a new chief executive with the banking giant’s current top boss lined up for an exit next year. Sergio Ermotti, who has led the near-£112bn bank since he was rehired in 2023, is expected to depart in April 2027. The veteran financier had pledged to lead UBS “at [...]
‘High valuations alone rarely end a rally’ say UBS analysts on AI stock surge December 17, 2025 The rapid rise in the share prices of AI-adjacent stocks could continue well into 2026, analysts at one of Europe’s top banks have said. Valuations of top tech stocks have been running hot since the start of the year as investors rushed to build a stake in the burgeoning technology, with the US S&P 500 [...]
UBS chief strategist: Market is not in a ‘bubble’, but US debt poses the real risk December 9, 2025 Despite narrow market leadership that mirrors the crashes of the 1970s and 1990s, the equity market is not currently in a ‘bubble,’ according to UBS Investment Bank Chief Strategist Bhanu Baweja. Speaking at Abu Dhabi Finance Week, Baweja addressed investor concerns that just nine companies in the Russell 3000 have driven 72 per cent of [...]
Tom Hayes sues UBS over Libor scandal October 28, 2025 Tom Hayes is suing his former employer UBS, alleging it handed him on a “silver platter” to white-collar crime prosecutors to safeguard the interests of the Swiss lender and its leadership. The former trader, who became the face of the Libor rate-rigging scandal when he was sentenced to nine years in a UK prison in [...]
UBS invests in AI data platform amid financial services shift August 21, 2025 UBS, the world’s largest wealth manager, has announced an expansion of its partnership with enterprise AI platform provider Domino Data Lab, which includes a new equity investment. The move signals the bank’s focus on scaling AI across its operations, though it emphasises the need for robust governance and risk management to ensure a responsible rollout. [...]