UBS boss Ermotti says ‘incredible’ bond demand is ‘a signal to the Swiss banking system’
UBS Group CEO Sergio Ermotti says the “incredible” market demand for the bank’s recent issuance of AT1 (additional tier one)…
UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession
UBS expects the U.S. Federal Reserve to cut interest rates by as much as 275 basis points in 2024, almost…
UBS resumes selling the bonds at the heart of Credit Suisse controversy
UBS on Wednesday began selling Additional Tier 1 (AT1) bonds — which were at the heart of controversy during its…
UBS shares rise 3% as market focuses on strong underlying profit
UBS shares climbed on Tuesday morning after the Swiss banking giant resoundingly beat expectations for underlying profit. The bank recorded…
Deutsche Bank and UniCredit back $4.5 billion insurance startup Wefox with $55 million in fresh funds
Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit,…
Credit Suisse intervention avoided ‘financial crisis,’ Swiss National Bank chairman says
Swiss National Bank Chairman Thomas Jordan on Wednesday said the central bank’s interventions during the fall of Credit Suisse were…
Stocks making the biggest moves midday: Sphere Entertainment, Riot, Instacart, Insulet and more
Check out the companies making headlines in midday trading. Sphere Entertainment — Shares of the media and entertainment company climbed…
Stocks making the biggest moves midday: Tilray, Salesforce, CrowdStrike, Dollar General and more
Check out the companies making headlines in midday trading. Salesforce — The cloud software company saw its stock jump 3%…
