UBS Group AG (NYSE:UBS) faces a rating cut to Underperform by Keefe Bruyette & Woods due to regulatory pressures and litigation risks in Switzerland. Meanwhile, UBS raises the maximum purchase consideration for its tender offers to $8.6 billion, covering seven series of notes issued by UBS Group AG and UBS AG, including those issued by Credit Suisse.

$7.67 billion in notes were accepted for purchase under the upsized $8.6 billion cap, with the tender period ending on November 5. UBS Group AG is Switzerland’s largest bank, offering services in wealth management, investment banking, asset management, and retail banking globally. Consider other AI stocks for investment potential.

Read more at Yahoo Finance: UBS (UBS) Boosts Tender Offer, Analysts Flag Regulatory Risks