Gautam Chhaochharia of the bank says, however, that the economic fundamentals "remain very, very strong."
Anglo American was downgraded to neutral from buy at UBS, when BHP on Wednesday did not launch a formal takeover bid for the rival multinational mining group, after suggesting it could buy the company

UBS Shakes Up Executive Team in Hint of CEO Race:

04:28am, Thursday, 30'th May 2024
UBS appointed investment bank head Rob Karofsky to run its US business and jointly oversee wealth with Iqbal Khan, in a management shakeup that paves the way for a race to succeed Chief Executive
UBS said it would reshuffle its executive board, splitting leadership of its key wealth-management division in two and bidding farewell to the last chief of Credit Suisse, the troubled banking rival i
Suresh Tantia of UBS Global Wealth Management is positive on China's economic recovery trajectory, but says there is still a tail risk associated with the possibility of a second Trump presidency.
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 its takeover of fallen rival Credit Suisse. A newly split gl
UBS on Thursday said Rob Karofsky would become head of the Americas and co-president of global wealth management with Iqbal Khan, who will take charge of the Asia-Pacific region as part of shake-up of

UBS announces changes to Group Executive Board

12:45am, Thursday, 30'th May 2024
ZURICH--(BUSINESS WIRE)--Regulatory News: Ad hoc announcement pursuant to Article 53 LR. The next significant milestones in UBS's integration of Credit Suisse are the merger of UBS AG (NYSE:UBS) (SWX:
PHILADELPHIA--(BUSINESS WIRE)--UBS Private Wealth Management today announced that three advisor teams in the firm's Philadelphia D.C. market have recently been recognized by Barron's on several indust
National Grid has been punished too harshly for its £7 billion deep discount rights issue, according to analysts at Swiss bank UBS. The share issue hasn't permanently changed the business, says the b
Neils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include cover

UBS leapfrogs UBS with new S&P 500 price target

05:01am, Tuesday, 28'th May 2024
UBS has moved its S&P 500 index target ahead of a division of its own bank that only last week raised its forecast.
UBS Group (UBS) is well-poised to gain from the strategic acquisition of Credit Suisse and digitalization initiatives. The company's business restructuring efforts are set to support its financials.
Joni Teves, precious metals strategist at UBS Investment Bank, says "the risks to the upside are increasing."
UBS has ruled out appointing an outsider as the successor to CEO Sergio Ermotti, and plans to choose from a shortlist of three internal candidates when he steps down in about three years, the Financia
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