UBS Financial News

03.07 / 14:51

UPS Provident UBS Browser Morningstar UBS aims to avoid using $10bn Credit Suisse backstop amid backlash

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03.07 / 14:37

CEO Strategy Software LinkedIn UBS Carson Group parts ways with its first chief technology officer

Nimesh Patel is no longer with Carson Group, less than two years after he was named the firm’s first chief technology officer.

03.07 / 13:15

UPS Citi Strategy UBS Takeover Crop that! Costa in final takeover talks with private equity investor

Costa Group, the country’s largest horticultural company, is set to call time on the ASX with the board on track to recommend a takeover offer from New York private equity firm Paine Schwartz Partners as early as this week.

03.07 / 13:15

UPS IPO Provident Waters Matthews UBS Bankers scramble for the next Redox after $1.3b float

Chemicals distributor Redox’s $1.3 billion initial public offering on Monday was the first ASX listing north of $100 million in more than a year, leaving bankers hopeful the deal will coax more floats from Australia’s capital markets pipeline.

03.07 / 13:15

UPS IPO MET FIVE UBS Bankers dust off IPO candidates as Redox debuts on ASX

ECM teams, warm up your engines. The IPO market may be creaking open after 18 months – depending on how Redox ends its first day of trading.

03.07 / 10:05

UPS Target JPMorgan UBS fall Student loan repayments could slam big-name retailers this fall

Constitutional attorney Mark Smith breaks down the Supreme Court decision Friday that struck down President Biden’s student loan handout.

03.07 / 10:05

UPS Provident Reuters UBS boost Threat UPS offers Teamsters 'significant' pay boost as union's strike threat looms

UBS Managing Director and Senior Portfolio Manager Jason Katz breaks down stock trends on Varney & Co.

03.07 / 09:43

Citi Lowe's Binance JPMorgan Parke UBS Morning Coffee: An unfortunate mistake occurred at Bank of America. Goldman Sachs' M&A descent

Someone at Bank of America possibly deserves to lose their bonus or their job, and that person is very senior.

03.07 / 09:43

UPS Lowe's Target UBS Deutsche Bank will need to justify its big hiring soon

While most banks are tempering their appetite for new recruits in 2023, Deutsche Bank is not. After hoovering up much of Credit Suisse's London credit trading team in late 2022, Deutsche has continued to hire from the Swiss bank and elsewhere this year. 2023's hires have been focused on investment bankers: Fabrizio Campelli, head of Deutsche's corporate and investment bank, says 50 senior bankers have been added this year.

03.07 / 09:43

MET Reuters Career JPMorgan UBS end Morning Coffee: Sorry end for ex-Goldman VP who smoked weed most weekends. Asian bankers at forefront of summer cuts

In his early 30s, Brijesh Goel had it all. After starting his career at Deutsche Bank in New York, he joined Goldman Sachs aged 26 and was already a vice president on the structured credit team. Aged 36, he achieved a position at Apollo, the buyside firm with a reputation forindecently high pay.

03.07 / 08:19

UBS CHF UBS’s $10bn Credit Suisse backstop in spotlight ahead of next results

UBS's backstop on its emergency rescue deal for Credit Suisse is set to be thrust into the spotlight next month as the Swiss lender reveals its latest results, with insiders hoping to announce that the bank will not have to fall back on taxpayer funds.

03.07 / 04:49

Assurant Align UBS Southern Power Political tectonic shift in Maharashtra boosts PM Modi's power hunt, just the way FIIs bet

Ajit Pawar and several lawmakers from his former party joined the provincial government. In a strategic move, Pawar, a senior member of the Nationalist Congress Party (NCP), was appointed as the deputy chief minister for the Maharashtra government, while eight of the 53 NCP lawmakers also took their oaths to become part of the government. This comes at a time as BJP is striving to fortify their presence in key states after losing the assembly elections in some of those regions.

03.07 / 04:13

COST UPS UBS UBS aims to avoid using $10 bln Credit Suisse backstop amid backlash

UBS Group AG is aiming to avoid using a $10 billion backstop for Credit Suisse amid a backlash, the Financial Times reported on Sunday. UBS executives are hoping to announce that the bank will not call on the government backstop when it publishes its second-quarter results on Aug.

01.07 / 05:01

UPS NASDAQ COMPOSITE UBS CBOE week Wall Street Week Ahead: After first-half rally, stocks' July winning streak on the line

The S&P 500 defied recession fears and a U.S. banking crisis to notch a 15.9% gain in the first half. The Nasdaq Composite powered ahead 31.7% for its biggest first-half increase in four decades.

30.06 / 20:05

UPS Manufacturing Strategy Tesla UBS Tesla closes in on another deliveries record after price cuts

Tesla shares have soared more than 110 per cent this year. In the coming days, one number will be much more important to investors: How many cars did the company deliver in the latest quarter?

30.06 / 11:15

COST UPS Target UBS Coles Power pricing safe Pricing power means Woolies, Coles a safe bet in tough times

Woolworths and Coles have the size and clout to keep passing on shelf price inflation to shoppers, making them safe havens in the retail sector as cost-of-living pressures catch up with households – and they stop spending.

30.06 / 11:15

UPS Manufacturing Limelight UBS Albemarle Time Critical minerals boom a ‘remarkable time in history’

Pilbara Minerals chief executive Dale Henderson says the past 12 months have been exhilarating and, not surprisingly, a little tiring.

30.06 / 08:21

UBS Credit Suisse unveils investment bank leaders to push through UBS transition

Credit Suisse has made a flurry of senior appointments to help integrate its investment bank with UBS after the completion of its emergency takeover, as one of its most senior dealmakers is set to depart.

29.06 / 09:27

COST Digital HSBC UBS Framework open MAS Proposes Open and Interoperable Framework for Digital Asset Networks

The Monetary Authority of Singapore (MAS) has unveiled a comprehensive report introducing a framework for the design of open and interoperable networks for digital assets. The report, titled «Enabling Open & Interoperable Networks,» is a collaborative effort between MAS and subject matter experts from the Bank for International Settlements' Committee on Payments and Market Infrastructure (CPMI), with contributions from various financial institutions [1].

28.06 / 08:13

UBS Slash UBS to slash more than half of Credit Suisse’s staff

UBS is preparing a dramatic cull of Credit Suisse bankers in wake of its rescue deal for its Swiss rival.

26.06 / 16:39

Provident ETF Tesla Moderna Pfizer UBS Financial Stocks making the biggest moves midday: Pfizer, Lucid, WSFS Financial and more

Check out the companies making headlines in midday trading.

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