Myriam Balezou

After a series of missteps, the private bank’s management is pledging to rein in risk.

Biography:  https://www.bloomberg.com/authors/AUB7KJKrJW8/myriam-balezou

64%

The overall score is a weighted number that takes into account conflict of interest, bias, deception and other practices that undermines the credibility of the source. It is calculated as:
Analysis.OverallConflictOfInterestScore * 0.3F + Analysis.OverallBiasScore * 0.3F + Analysis.DeceptivenessScore * 0.3F + Analysis.ReadabilityScore * 0.1F

A score that takes into consideration the content for flow, interruptions with ads, and overt search engine optimization techniques that makes the content hard to understand

The Daily's Verdict

This author has a mixed reputation for journalistic standards. It is advisable to fact-check, scrutinize for bias, and check for conflicts of interest before relying on the author's reporting.

Bias

85%

Examples:

  • The article is biased in favor of UBS and its management by not disclosing how much money they have available for share repurchases or if they have any other plans to use their funds.

Conflicts of Interest

50%

Examples:

  • This statement is misleading because it does not specify how much money UBS has available for share repurchases or if they have any other plans to use their funds.
  • UBS Group AG said it would buy back up to $2 billion of its shares over the next two years

Contradictions

85%

Examples:

  • As previously communicated, in 2024 we expect to repurchase up to USD 1bn of our shares,

Deceptions

50%

Examples:

  • The new program will begin Wednesday and end at the latest on April 2, 2026.
  • UBS said in a statement Tuesday that it would buy back up to $2 billion of its shares over the next two years. However, this statement is misleading because it does not specify how much money UBS has available for share repurchases or if they have any other plans to use their funds.

Recent Articles

UBS Announces $2 Billion Share Buyback Program Amid Integration Costs

UBS Announces $2 Billion Share Buyback Program Amid Integration Costs

Broke On: Monday, 01 April 2024 UBS Group AG plans to launch a new share buyback program of up to $2 billion over the next two years, commencing after the completion of its merger with Credit Suisse AG. The bank completed a previous share repurchase program and has been integrating Credit Suisse's business since announcing Sergio Ermotti would return as CEO in late March 3. Despite reporting a second consecutive quarterly loss on integration costs, UBS continued to deliver strong underlying operating profits, with shares up more than 6% so far this year.