UBS Group AG
UBS manager Ermotti says ‘incredible’ bond demand is ‘a sign to the Swiss banking system’
Sergio Ermotti, CEO of UBS gestures in the course of a panel dialogue at the Swiss-American Chamber of Commerce in Zurich, Switzerland January 18, 2019. Arnd WIegmann | Reuters UBS Team CEO Sergio Ermotti states the “outstanding” sector need for the bank’s new issuance of AT1 (supplemental tier one particular) bonds is a “signal to […]
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UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. Evelyn Hockstein | Reuters UBS expects the U.S. Federal Reserve to cut interest rates by as much as […]
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Here’s what Wall Street is saying about obesity drug Wegovy following Novo Nordisk’s key study
Analysts are largely optimistic about a new class of anti-obesity medications following a landmark study released over the weekend. Novo Nordisk ‘s Select study of about 17,500 people found the use of its Wegovy decreased the risk of serious cardiovascular complications such as heart attacks. The study, which was shared at the American Heart Association […]
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UBS resumes marketing the bonds at the coronary heart of Credit Suisse controversy
Fabrice Coffrini | Afp | Getty Images UBS on Wednesday commenced offering Supplemental Tier 1 (AT1) bonds — which ended up at the coronary heart of controversy in the course of its crisis rescue of Credit history Suisse — for the to start with time due to the fact finishing the takeover. The Swiss banking […]
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CNBC Daily Open: Peculiar, but very good, things are occurring in marketplaces and the overall economy
Persons walk by the New York Stock Trade (NYSE) on November 02, 2023 in New York Town. Spencer Platt | Getty Photos News | Getty Pictures This report is from present day CNBC Day by day Open up, our new, global markets publication. CNBC Every day Open provides buyers up to velocity on every thing […]
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CNBC Day by day Open up: Goolsbee’s ‘golden path’ is nevertheless noticeable
Austan Goolsbee, president and chief executive officer of the Federal Reserve Lender of Chicago, during a Bloomberg Television job interview at the Jackson Hole economic symposium in Moran, Wyoming, US, on Friday, Aug. 25, 2023. David Paul Morris | Bloomberg | Getty Images This report is from modern CNBC Day by day Open, our new, […]
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UBS posts bigger-than-expected quarterly loss as Credit score Suisse integration fees pile up
A logo of Swiss lender UBS is seen in Zurich, Switzerland March 29, 2023. Denis Balibouse | Reuters UBS on Tuesday documented a more substantial-than-expected third-quarter web reduction of $785 million as it functions to integrate fallen rival Credit history Suisse. Analysts polled by Reuters had expected the Swiss banking huge would report quarterly internet […]
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Deutsche Financial institution and UniCredit back again $4.5 billion insurance plan startup Wefox with $55 million in new cash
Wefox CEO Julian Teicke. Wefox Wefox, the $4.5 billion German insurance technologies team, has lifted $55 million of fresh funding from Deutsche Financial institution and UniCredit, two anonymous resources familiar with the deal informed CNBC. The company, which sells insurance policies programs by way of an on the net platform, lifted the refreshing income in […]
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Credit score Suisse intervention prevented ‘financial crisis,’ Swiss National Financial institution chairman states
Thomas Jordan, president of the Swiss Countrywide Bank (SNB), speaks for the duration of the bank’s yearly general meeting in Bern, Switzerland, on Friday, April 28, 2023. Bloomberg | Bloomberg | Getty Photographs Jordan prompt that devoid of the ELA+ financial loan, which was not secured in the method commonly demanded by the SNB, Credit […]
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Earnings will ‘make or break’ European shares — here is what to observe, in accordance to analysts
Traders will glimpse to the upcoming earnings time to see whether shares can recuperate from current losses or if much more declines are ahead. Bond yields have risen about the earlier 3 months, bringing down the value of stocks — but the extra imminent and real threat is on the earnings front as we enter […]
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