UBS(UBS) ZACKS·2025-03-13 18:00Group 1 - UBS Group AG received regulatory approval to sell its 36% stake in Credit Suisse Securities to Beijing State-Owned Assets Management, reducing its ownership to 15% [1][2] - The sale is part of UBS's strategy to integrate its operations in China, addressing organizational challenges following the acquisition of Credit Suisse [3] - UBS aims to optimize its onshore platforms in China and continue investing in the market, with a focus on enhancing its investment banking and asset management businesses [4] Group 2 - Following the merger with Credit Suisse in May 2024, UBS has made significant progress in integrating operations, transferring over 90% of wealth management client accounts outside of Switzerland onto UBS platforms [5] - The company is positioned to enhance client experience and achieve $13 billion in gross cost savings by the end of 2026 [6] Group 3 - Over the past six months, UBS shares have increased by 7.2%, while the industry has seen an 8.1% growth [7]