trending Market Intelligence /marketintelligence/en/news-insights/trending/kd8dc3v1dxp8yanbguyg4a2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *

* Required

In this list

Report: UBS plans restructuring of Mexican ops

Cable Nets For Kids Enjoy Wide Carriage On Skinny Bundles

Energy

Power Forecast Briefing: Fleet Transformation, Under-Powered Markets, and Green Energy in 2018

Street Talk Episode 50 - Challenging The Legacy Core Bank Providers

Fed Poised To Relax Key Rules For Large Banks


Report: UBS plans restructuring of Mexican ops

UBS Group AGintends for its Mexican brokerage unit, UBS Casa de Bolsa, to assume the operationsof local banking subsidiary UBS BankMéxico SA Institución de Banca Múltiple UBS Grupo Financiero over thenext year, Reuters reported, citing an internal memo.

Due to the planned restructuring, which is subject to regulatoryapproval, UBS will not seek to renew its banking license in Mexico, "a personfamiliar with the matter" told the newswire.

According to the memo, the headcount or the capital of the companyis not expected to "change materially" during the restructuring.

The firm said that the reorganization will help achieve higheroperational and capital efficiency as clients will have to deal with fewer legalentities.

The report also noted that Deutsche Bank AG is expected to sell its Mexican unit to Investa Bank SA Institución de Banca Múltiple, as globalbanks exit some markets due to low profits.