Sterling up as UK businesses log best month in 12m
Sterling edged higher on Thursday after survey data showed British businesses recorded their strongest month in a…
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UBS
Sterling edges higher as UK avoids Trump tariff hike
Sterling firmed against the dollar on Wednesday as the UK avoided inclusion in US President Donald Trump's latest…
Oil prices drops on Wednesday
Oil prices fell by about 1 per cent on Wednesday as escalating US-China trade tensions heightened concerns over…
European banks see Q4 profit surge, ’25 outlook wobbles
European banks are set to post strong fourth-quarter 2024 profits, fuelled by robust lending margins and investment…
Swiss businesses welcome EU trade reform deal
Swiss businesses have praised a new agreement to reform the nation’s relationship with the European Union, aiming…
UBS adjusts sustainable product terminology
UBS Group AG is advising its bankers to reconsider how they publicly discuss certain sustainable products,…
European banks turn to AI for cost cutting
European banks are increasingly deploying artificial intelligence (AI) tools to cut staff costs, with Italian…
Asian stocks tumble on Nvidia earnings
Asian shares dropped on Thursday, following a dip in Wall Street futures, as Nvidia's latest financial results left…
Swiss National Bank to expand digital currency project
The Swiss National Bank (SNB) is considering expanding its pilot project with wholesale central bank digital…
UBS completes merger with Credit Suisse’s Swiss unit
Swiss bank UBS announced on Monday the completion of its merger with Credit Suisse's domestic operations.
UBS expands ME wealth management team with 10 hires
UBS announced on Tuesday the strengthening of its wealth management team in the Middle East with the addition of 10…
Switzerland’s economy to grow 1.4% in ’25 – IMF
The International Monetary Fund (IMF) has forecast a gradual recovery for Switzerland’s economy, predicting an…
UBS, Credit Suisse Swiss units merger expected by July 1
The merger of the Swiss units of UBS and Credit Suisse could be finalised as early as July 1, as reported by…
Swiss Minister flags legal concerns in global bank closures
Swiss Finance Minister Karin Keller-Sutter emphasised the need for international financial authorities to address…
UBS sets stage for equity conversion of $5b AT1 debt
UBS, the Swiss banking giant, announced on Monday that nearly $5 billion worth of Additional Tier 1 (AT1) bonds are…
UBS job cuts to start late ’24 – CEO
UBS's CEO announced on Tuesday that the bulk of job reductions in Switzerland, the bank’s home market, would…
European shares peak on earnings optimism, rate cut hopes
European shares reached their highest point in over a month on Tuesday, buoyed by a wave of positive corporate…
European shares rise as investors await bank earnings reports
European shares saw a slight increase on Monday, with the STOXX 600 index rising by 0.2 per cent by 0828 GMT,…
European banks face interest rate test in earnings reports
Investors are eagerly awaiting the first quarter earnings reports from major European banks, starting with…
UBS to begin layoffs in June post Credit Suisse buyout
Swiss banking behemoth UBS will initiate five-stage layoffs starting in June as part of its cost-cutting programme…
UBS Group gears up for fresh wave of job reductions
UBS Group is reportedly gearing up for another wave of workforce reductions following its acquisition of Credit…
Morgan Stanley terminates jobs in Asia
Morgan Stanley is trimming its investment banking workforce in Asia Pacific by at least 50 positions, sources…
Gold prices hit record amid Middle East tensions
Gold prices continued their record-breaking rally on Monday, driven by speculative buying and ongoing tensions in…
European stocks starts Q2 up, German inflation data due
European stocks started the second quarter on a positive note, with the STOXX 600 index rising by 0.3 per cent by…
IMF urges major financial reforms in Switzerland
The International Monetary Fund (IMF) stated on Thursday that Switzerland requires robust financial sector reforms…
UBS bank plans to explore US deals
Swiss banking giant UBS is planning to explore merger and acquisition opportunities in the United States in the…
Private credit funds-banks ties in Europe deepen amid higher default risks
A record 80 per cent of new European private credit funds used bank loans in 2023, known as subscription lines’, to…
Credit Suisse withdrawals reach $68.6 bln
The Credit Suisse collapse in March was triggered by depositor withdrawals of $68.6 billion, which lead to the…
UBS Q1 net profit goes down by 52%
UBS Group’s year-on-year net profit in the first quarter of 2023 has declined by 52 percent, reaching $1.03…
IMF chief warns against global financial stability risks
Kristalina Georgieva, International Monetary Fund chief warned on Monday against the increasing financial stability…
UBS acquires Credit Suisse for $3.25 billion
The Swiss National Bank announced on Sunday in a statement that UBS is taking over Credit Suisse for $3.25 billion.
Overseas investors continued to buy Chinese shares despite trade war – UBS
Overseas investors have continued to buy Chinese shares even though tensions between Washington and Beijing have at…
UBS: China-U.S. trade war would wipe 20% off S&P 500
Investors could see steep downsides in global stock markets if tensions between China and the United States…
Britain could lose 40,000 investment banking jobs in Brexit exodus: report warns
The U.K. could lose up to half of its investment banking jobs in the coming few years if the government continues…
Australian housing market at risk of crash: UBS
The Australian housing market has peaked and could crash if the country's central bank hikes rates by too much or…
iPhone growth “a matter of when, not if,” says UBS
Apple is on course to enjoy a 5 percent bump in its iPhone sales for 2017, followed by a strong gain of close to 20…
Specialty insurer Ironshore plans IPO
Specialty commercial and casualty insurance company Ironshore Inc. plans an initial public offering, according to a…
Swiss Banks step up Battle for Asia’s Super-rich
UBS's giant banner on Hong Kong's One Peking Road skyscraper, so big it has drawn complaints for keeping solar…
Shares and Pound surge on Election Outcome
UK shares and the pound have jumped after the Conservatives won a parliamentary majority in the election. The FTSE…
UBS in ‘Advanced Talks’ with US on Foreign Exchange Probe
UBS says it is in "advanced talks" with the US Department of Justice to settle allegations that it attempted to rig…