ZURICH (Reuters) -UBS on Thursday said its CEO Sergio Ermotti picked up 14.4 million Swiss francs in 2023 after taking over the Swiss bank's helm for a second bout following its takeover of former rival Credit Suisse last March. Overall, UBS executives picked up compensation of 140.3 million Swiss francs in 2023, a large leap from 106.9 million francs in...

HANOI (Reuters) - Chinese electric vehicles maker BYD has slowed down its plans to build an EV factory in Vietnam, a manager of the industrial park where the plant would be built told a shareholders meeting on Thursday. Vietnam's government said in May that BYD had decided to build a factory to manufacture and assemble electric cars in the northern...

ZURICH, March 28 (Reuters) - UBS on Thursday said findings drawn up by bodies in Switzerland looking into the 2023 collapse of Credit Suisse could result in more stringent regulation in future. UBS, which acquired its smaller rival Credit Suisse last year, made the observations in its latest annual report. (Writing by Andrey Sychev Editing by Dave Graham) ...

LONDON (Reuters) - UBS will look to increase lending to the shipping sector and run off some loans to fossil fuel clients inherited from Credit Suisse, executives told Reuters, in the biggest test yet of the impact of a mega-merger on banks' sustainability commitments. The shotgun marriage of Switzerland's two biggest lenders last year kick-started a complex integration process including...