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UBS continues to assert its position as the Middle East’s best bank for wealth management. It won this award last year and the one before that – and the one before that. It is active in every important market, continues to expand its reach and innovates intelligently, introducing products tailored to regional clients’ specific needs.

When Credit Suisse is taken over by UBS, it’s likely that the new parent’s appetite for structured private credit will be significantly different to that of the institution it is absorbing. Two banks in particular are waiting for the opportunity that follows.

UBS’s acquisition of Credit Suisse will further reduce the number of large international private banks in Brazil. Julius Baer has been quick to take advantage of this.

UBS will face pressure to spin off Credit Suisse’s Swiss bank and may yet lose more private-banking assets. Coping with this will make managing down illiquid and hard-to-value markets positions look easy.

The two bank’s investment banking franchises look enticingly well-matched. But how much business and how many bankers will still be around after the merger?

As soon as the ink was dry on the agreement to take over Credit Suisse, UBS chairman Colm Kelleher rushed to bring ex-CEO Sergio Ermotti back to run the bank and the deal. Execution risk is off the charts, and the nerves of shareholders, employees and taxpayers are jangling.

Few things are at a greater premium in global markets than a knack for providing visibility, as well as the list of pitfalls to come. This was very much in demand in 2022 when tried-and-true yardsticks like yield spreads and stock valuations were out of sync.

Following up on its recognition last year as Euromoney’s Best bank for wealth management in Western Europe in our Awards for Excellence, UBS is now recognised as the leader in the region for high net-worth individuals.

UBS has long been seen as a leader in discretionary portfolio management.

The echoes of 2014 have been loud in Brazil’s private banking industry over the past 12 months. A precipitous fall in interest rates – followed by a meteoric rise – has left the market completely the same but also very different.

The Credit Suisse deal may have merely accelerated Hamers’ anticipated departure.

What will UBS’s post-merger sustainable finance strategy look like?

Hong Kong conference moves along. Nothing to see here.

Will the fall of Credit Suisse be a seismic moment for private banking? Probably not – the reality is that wealthy clients need their financial advisers too much. Wealth is flighty for sure, but it usually alights nearby at a more stable lender.

UBS shareholders might find plenty not to like in what seems at first glance like a great deal. The bank is making itself more complex at a time when creditors and investors put a premium on simplicity and focus.

Droit helps traders decide in milliseconds if deals comply with the ever-changing rules and aims to do the same for wealth managers.

AT1s rallied on news that UBS will redeem a key deal in January. But with refinancing costs higher than coupon re-sets, the pressure now passes to other big banks.

This year has seen banks report markdowns on leveraged finance commitments and related exposures, something that is hardly surprising given what has happened to yields. But even with syndicates struggling to offload some high-profile big deals, the troubles seem oddly muted so far.

Even as some wealth managers consolidate their regional presence, focusing on one or two core markets, UBS continues to expand across the Middle East, adding relationship managers and new offices. The result is a growing business and product range attracting more new wealthy clients.

UBS reported a record year for its wealth management business in Latin America last year as the Swiss bank married regional presence with a distinctive global client proposition.

Western Europe’s best bank for wealth management this year is UBS. In Euromoney’s private banking and wealth management survey for 2022 the Swiss bank held off a stern challenge from JPMorgan to be named once again as the leading provider in the region.

Private companies are doing everything they can to avoid down rounds, raising new equity at lower valuations than past deals, but can’t hold the line for much longer.

The results of this year’s Euromoney FX survey highlight the value of long-term strategic investment in forex.

The first three months of the year have been tough for many investment banking business lines, but Europe’s banks are putting up a good fight against the might of the US firms.

JPMorgan is named the world’s best wealth manager in Euromoney’s latest private banking and wealth management survey. It is testament to the US bank’s global strength in serving the wealthiest families, along with its drive to constantly transform itself and boost diversity as it hires the most talented relationship managers in core markets.

Trading update does little to answer concerns around underlying performance and a slowdown in wealth management.

Brought in to help clean up Credit Suisse, the high-profile Portuguese banker has been forced to quit to preserve what is left of its reputation.

Ralph Hamers is quietly imposing his vision on UBS, axing senior titles to simplify the structure and eyeing a new US digital bank for affluent customers.