Futures Recover Overnight Losses After Torrid Thursday Rally As Uneasy Calm Returns After yesterday''s furious gamma-squeeze rally, U.S. stock futures were slightly lower on the day, although near the overnight session highs as the ongoing Ukraine conflict and impact of Western sanctions continue to drive risk; sentiment was boosted after the Kremlin said that Ukraine’s neutrality offer is a move “toward positive” and following reports that China''s president Xi held a phone call with Putin who said Russia is willing to conduct high-level negotiations with Ukraine. S&P futures were down 10 points to 0.25% at 7:30am, after paring earlier declines of more than 1%, with Nasdaq futures down -0.15% and Dow futures down 0.4%. Europe''s Stoxx Europe 600 was in the green, and oil was steady after Bloomberg reported that oil importers in China are briefly pausing new seaborne purchases as they assess the potential implications of handling the shipments following the Ukraine invasion. Gold was steady, while Brent crude reached $100 a barrel and Treasuries rose.
Swiss bank UBS Group AG triggered a cascade of margin calls on Thursday, after slashing the value of Russian debt

Diversification Supports Goldman (GS), Cost Woes Prevail

11:13pm, Thursday, 24'th Feb 2022 Zacks Investment Research
Goldman Sachs (GS) is well-poised for growth on its sound IB revenue growth, a diversified product suite and steady capital-deployment initiatives. Yet, rising costs and a heavy reliance on overseas r
"Mark It Zero": UBS Triggers Margin Calls For Wealthy Clients By Calling Russian Bond Collateral Worthless It''s a bad day for anyone who has levered positions with Russian bonds as collateral, and very bad if your counterparty is UBS: according to Bloomberg, the largest Swiss bank UBS has triggered margin calls on some wealth management clients that use Russian bonds as collateral, after marking down the value of debt issued by the country and its corporations all the way to zero. What was already a dismal day for Russian bonds, which have seen their prices cut in half overnight… ... became a nightmare for those who used their Russian bonds as collateral with UBS Wealth which is calling on some investors to add either cash or securities to their portfolio after cutting the lending value of some Russian bonds to nothing, Bloomberg reported noting that the bank may liquidate the securities at market value for those clients that can’t meet the additional requirements. UBS'' domestic peer Pictet is also cutting the values of Russian assets in investors portfolios, the Bloomberg report noted.
Investors should remain calm and take a broad perspective after Russia''s attack on Ukraine and amid a rising rate environment, UBS said Thursday.
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SigFig Branches Out, Defends Its Technology After UBS-Wealthfront Deal

08:30pm, Wednesday, 23'rd Feb 2022 Wealth Management
SigFig CEO and co-founder Mike Sha said longtime partner and investor UBS needs his firm, even as the financial services firm moves forward with its acquisition of Wealthfront.
SAN DIEGO--(BUSINESS WIRE)---- $UBS #CourtneyLiddy--Two UBS Financial Advisors in San Diego have been listed on 2022 Forbes/SHOOK Top Women Wealth Advisors list: Courtney Liddy and Kalyn Maher Walker

Barclays (BCS) Records Significant Y/Y Growth in Q4 Earnings

03:23pm, Wednesday, 23'rd Feb 2022 Zacks Investment Research
Barclays (BCS) records a rise in revenues and expenses in the fourth quarter of 2021.

Lazard names Emilio Mahuad as CEO of Mexico financial advisory unit

02:27pm, Wednesday, 23'rd Feb 2022 Seeking Alpha
Lazard (LAZ) on Wednesday named Emilio Mahuad as CEO of the company''s Mexico financial advisory business, effective immediately. Mahuad joined Lazard (LAZ) from UBS, where he worked
Barclays, UBS, NatWest and HSBC are among the backers of a new legal sector diversity scheme, as insiders lament lack of progress

HSBC Q4 Pre-Tax Earnings Jump on Higher Revenues, Lower Costs

02:13pm, Tuesday, 22'nd Feb 2022 Zacks Investment Research
HSBC records a rise in adjusted revenues in the fourth quarter of 2021. Adjusted expenses witness a y/y decline.
HSBC records a rise in adjusted revenues in the fourth quarter of 2021. Adjusted expenses witness a y/y decline.
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Diageo begins third phase of return of capital programme

07:21am, Monday, 21'st Feb 2022 The Irish Times
Group announced on Monday it has entered into a non-discretionary agreement with UBS
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