Tag Archives: UBS

UBS rebuilds in Brazil with acquisition of Consenso

The acquisition by UBS of a majority stake in Consenso, Brazil’s largest multi-family office, is a significant step in the Swiss bank’s growth strategy in the country. Since 2010, UBS has been plotting its return in Brazil, following its sale … Continue reading

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Consolidation starting in Argentina as Macro targets Patagonia

Banco Macro has signalled its serious intent to buy Banco Patagonia by proposing an equity sale of up to $750 million to finance the acquisition. According to a regulatory filing made last week, Macro’s board will seek authorization for the … Continue reading

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UBS spies inflection point for EM banks’ valuations

Emerging market (EM) banks could be on the verge of outperformance due to a structural improvement in both COE and the return on that equity, according to new research from UBS. Recent falls in COE – and signs that a … Continue reading

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Private banking: Brazil’s locals consolidate and fight for offshore

The hoped-for flows onshore from last year’s amnesty on offshore wealth have failed to materialise, so far. Meanwhile, Citi and HSBC have sold up. So where did a 15% increase in assets under management come from? Paulo Corchaki, head of … Continue reading

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Brazil downgrade: buy the news?

Standard & Poor’s surprised the market with its downgrade of Brazil’s sovereign rating to speculative grade late on Wednesday 9 September but the key question for equity investors is should they ‘buy the news’? Research by UBS, published on 18 … Continue reading

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Latin America banking: Risk pendulum swings back to locals

New rules to boost risk-weighted assets at G-Sibs are ramping up the pressure on those banks to change their business model, and become less global. Latin American markets, until recently a battleground for global banks, could now see several of … Continue reading

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UBS finally secures Brazilian Link

UBS has announced the acquisition of Link Investimentos, the Brazilian brokerage firm, as well as obtaining a much-sought after Brazilian banking licence. Since the Swiss bank sold Pactual in 2009 it has been looking for a way to re-enter the … Continue reading

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