UBS Group AG
Credit score Suisse bondholders sue Switzerland in the U.S. around $17 billion writedown of AT1 debt
Critical Points A group of Credit Suisse bondholders filed a lawsuit in opposition to the Swiss government, seeking complete payment more than the contentious determination to generate down the unsuccessful bank’s More Tier 1 (AT1) personal debt. Law firm Quinn Emanuel Urquhart & Sullivan, which signifies the plaintiffs, on Thursday explained that it had filed […]
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Fintech targeted by climate skeptics banks $37 million from likes of UBS, Commerzbank
From left to right: Johan Pihl, Doconomy’s chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder. Doconomy Swedish climate-focused financial technology startup Doconomy told CNBC on Thursday that it’s raised 34 million euros ($36.9 million) from leading European banks, including UBS and Commerzbank. Doconomy, which offers tools to help bank customers […]
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UBS overhauls wealth management leadership in wider board shake-up
The three keys USB logo is seen outside the London office of Swiss bank UBS in central London, on March 20, 2023. Daniel Leal | AFP | Getty Images LONDON — UBS on Thursday announced a shake-up of its executive board in the latest phase of a radical overhaul of the Swiss banking giant, following […]
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Forget U.S. stocks — UBS states Europe’s are a better bet. Here is why
Traders get the job done on the floor of the New York Stock Trade during morning buying and selling on April 29, 2024 in New York Metropolis. Michael M. Santiago | Getty Illustrations or photos European shares are now additional interesting than their U.S. counterparts, according to Swiss Bank UBS, with elements these types of […]
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Dow closes slightly higher and posts longest winning streak since December: Live updates
Stocks end the day mixed Here is how the major indexes closed on Tuesday: — Pia Singh Chinese tech stock rally reverses course on Tuesday The rally for stocks tied to China stumbled on Tuesday, with several of the country’s top tech names under pressure. Shares of JD.com slipped 1.8%, while Alibaba fell nearly 3%. […]
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Shares generating the most important moves midday: Disney, Nvidia, Ferrari, Datadog and much more
Look at out the organizations building headlines in midday trading: Walt Disney — The amusement large sank 10% right after submitting fiscal next-quarter benefits . Walt Disney described altered earnings that conquer estimates and posted robust Disney+ subscriber development but a bit skipped revenue estimates. The business also explained it expects a loss inside its […]
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Shares generating the biggest premarket moves: Berkshire Hathaway, Paramount, Spirit Air, Victoria’s Secret and more
Look at out the businesses earning headlines in premarket buying and selling. Berkshire Hathaway — Class A shares traded up 1.2% early Monday immediately after the conglomerate posted 39% 12 months in excess of year progress in working income. The Warren Buffett-led company also saw its hard cash holdings increase to history degrees, approaching $200 […]
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‘Lose-shed situation’: New Swiss bank rules could derail UBS’ challenge to Wall Avenue giants
Sergio Ermotti, CEO of Swiss banking giant UBS, in the course of the group’s annual shareholders assembly in Zurich on May possibly 2, 2013. Fabrice Coffrini | Afp | Getty Images Switzerland’s hard new banking laws produce a “lose-lose circumstance” for UBS and may limit its possible to obstacle Wall Avenue giants, in accordance to […]
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Facts centers are set for an AI-fueled enhance, UBS states — naming 3 stocks to participate in the development
The data centre sector is poised for fast progress in the several years forward, in accordance to UBS. The expense lender predicts progress of between 15% and 20% for 2024 and 2025, and “healthful” double-digit advancement in the subsequent years. That’s partly centered on the projected expansion of hyperscalers, which are performing a great deal […]
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