UBS' targets as it absorbs Credit Suisse

04:21am, Tuesday, 06'th Feb 2024
UBS said on Tuesday it would resume share buybacks and raised its cost-saving targets as it announced it had completed the first phase of integrating its fallen rival Credit Suisse.
Japan's Sumitomo Mitsui Banking Corp (SMBC) said on Tuesday it has hired former Credit Suisse China boss Carsten Stoehr as its deputy head for the Asia Pacific region.
A temporary nationalisation was never a realistic option for embattled Swiss lender Credit Suisse, former finance minister Ueli Maurer told Swiss newspaper SonntagsZeitung, defending his response to t
But a growing number of Wall Street analysts believe these stocks, which make up just 6% of the U.S. equity market by valuation, are poised to gain as the Federal Reserve prepares to start cutting int
UBS is the last major Swiss bank after acquiring Credit Suisse for $3 billion in 2023. The integration has been costly and has weighed on UBS's Earnings and Return on Equity, but it's still not done.
Former asset management head of Credit Suisse in Asia Pacific, Min Huang, is leaving UBS as the bank embarks on reviewing its China business post global leadership changes, three sources with knowledg
UBS's Strategic Outlook: The conclusion highlights UBS's strategic maneuvers, emphasizing both promise and peril in the impending merger with Credit Suisse. Optimistic Elements: We identify ambitious
UBS on Tuesday unveiled its biggest branding campaign since 2016 to drive growth, spending tens of millions of dollars to freshen its image after the takeover of Credit Suisse.
UBS chief Sergio Ermotti has warned against over-enthusiastic predictions about the pace at which the world is likely to be changed by developments in artificial intelligence, despite acknowledging th
UBS Chairman Colm Kelleher indicated there's a fair chance the Swiss lender will exceed the 15% profitability goal it has set itself. “Obviously there may be upside on that,” he said during a

3 retailers to compound your wealth this cycle

09:01am, Monday, 15'th Jan 2024
Today's market is the epitome of opportunity for those who know where to look. Considering that most market analysts suggest the stock market is overvalued today, by measures such as the Buffett indic
EFG has taken over the Credit Suisse teams in Switzerland's exclusive ski resorts of St. Moritz and Gstaad, opening its new offices there at the start of the year, the private bank said on Thursday.
Some leading economists think that a U.S. recession is on the way in the new year. The S&P 500 usually declines significantly during recessions.

Why REITs Will Likely Surge In 2024

08:05am, Thursday, 28'th Dec 2023
REITs crashed due to rising interest rates. But they are now set to recover as interest rates are cut. The window of opportunity is closing. Now could be your last chance to buy REITs at these low pri
The Monetary Authority of Singapore imposed a $3 million penalty on Credit Suisse for failing to prevent or detect misconduct by its relationship managers.
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