UBS Financial News

06.09 / 08:39

UPS Waters JPMorgan UBS APA Albemarle JPMorgan’s Julian Peck steers investment bank to year’s biggest deals

Less than a year since returning to banking, Julian Peck, JPMorgan’s head of investment banking for Australia and New Zealand, has hit the ground running with large deals, but admitted there is work to do for the US bank to claw market share away from rivals like Goldman Sachs and Morgan Stanley.

06.09 / 07:53

COST UPS Strategy Pool UBS exclusive The $100trn battle for the world’s wealthiest people

wealth management was a niche service, looked down upon by the rest of finance. Now it is the most attractive business in the industry. Capital and liquidity requirements set after the global financial crisis of 2007-09 have made running balance-sheet-heavy businesses, such as lending or trading, difficult and expensive.

06.09 / 01:21

COST CEO UBS country Takeover NOT UBS CEO insists bank not too big after Credit Suisse takeover

ZUG, Switzerland (Reuters) — The new expanded UBS is not too big for Switzerland following the bank's emergency takeover of fallen rival Credit Suisse, Chief Executive Officer Sergio Ermotti said on Tuesday.

05.09 / 19:13

Reuters UBS UBS to absorb Credit Suisse's Securities Research offering

(Reuters) -UBS will absorb Credit Suisse's Securities Research service later this month, wrapping the business into its own research operations, the bank said in a letter seen by Reuters on Tuesday.

05.09 / 14:55

IPO CEO Platform Software UBS show Renault CEO says Ampere IPO value could reach $10 billion

According to CEO Luca de Meol, Renault 's (EPA:RENA) Ampere electric vehicle division, set to go public through an initial public offering (IPO), might attain a valuation of around €10 billion ($10.8 billion).

05.09 / 05:31

UPS Ford Tesla Toyota UBS One in six new vehicles sold now electric or hybrid

New vehicle sales in August climbed by 15.4 per cent compared with a year ago to set a record for the month as buyers shrugged off cost-of-living pressures and supply logjams eased.

05.09 / 04:15

Booking Matthews UBS show stage surges CBA business lending share surges, but NAB says it is holding the line

National Australia Bank says it can hold the line against Commonwealth Bank, the country’s largest lender, which is aggressively pushing for share in the lucrative business finance market.

04.09 / 07:57

UPS UBS country cover India, Singapore defy declining global wealth trend, why?

For the first time since the global financial crisis of 2008, global household wealth in 2022 (in US dollars) decreased on aggregate as well as on a per-adult basis, both in nominal and real terms. Wealth per adult also recorded the second-largest reduction since 2000. This was revealed in a recent Credit Suisse-UBS report by the Swiss Bank’s Family Office and UHNW (ultra-high net worth) division.

04.09 / 06:37

UPS JPMorgan Fighting Matthews UBS Albemarle New face in Albemarle tent for $6.6b Liontown bid

Look who’s got a gig in one of the biggest lithium deals going. It’s Barrenjoey Capital Partners, now working alongside JPMorgan on behalf of Albemarle for the company’s $6.6 billion takeover offer lobbed at Liontown Resources.

04.09 / 06:37

COST Manufacturing Volkswagen Tesla UBS Honda Albemarle Carmakers to lose 20pc of share to Chinese electric vehicles

Traditional car manufacturers including Volkswagen, Honda, Renault and Volvo are forecast to lose more than 20 per cent of their market share by 2030 because Chinese EV specialists such as BYD are making vehicles that are already 25 per cent cheaper.

03.09 / 10:29

UPS Target Career Forrester UBS performer Fortescue to front investors as market demands energy spend details

Fortescue Metal’s new mining chief executive, Dino Otranto, will meet with the company’s local investors this week after a volatile period during which his predecessor left after just six months in the top job and with brokers warning shareholders were in the dark about the board’s risk appetite.

02.09 / 08:41

Target FIVE UBS International China's economic slowdown alarms international leaders, investors: Report

China's economic slowdown has alarmed international leaders and investors, as per CNN. For the first time in decades, the world's second economy is itself in trouble. Hong Kong's Hang Seng (HSI) Index slid into a bear market on Friday, having fallen more than 20 per cent from its recent peak in January. The Chinese yuan, last week, fell to its lowest level in 16 years, prompting the central bank to make its biggest defence of the currency on record by setting a much higher rate to the dollar than the estimated market value. The issue is that, after a rapid spurt of activity earlier this year following the lifting of COVID lockdowns, growth is stalling.

01.09 / 16:47

Target Manufacturing Volkswagen UBS show track Weekly European shares log weekly gain; Novo Nordisk most valuable European company

By Ankika Biswas and Shashwat Chauhan

01.09 / 15:51

UPS Citi FIVE UBS actress Louis Vuitton picks up space in RIL’s Jio World Plaza in Mumbai’s BKC

Louis Vuitton has picked up retail space in Jio World Plaza in Mumbai’s Bandra-Kurla Complex (BKC) from Reliance Industries through a long-term lease to set up its biggest store in India. The new store in the ritzy mall will be the second Mumbai outlet of the company, which is counted amongst the world's most valuable luxury brands. The international label has leased the space for 9.5 years through its Indian entity, Louis Vuitton India Retail. The company currently operates three stores in India, including at Taj Mahal Palace and Tower in south Mumbai’s Apollo Bunder, New Delhi’s DLF Emporio and UB City in Bengaluru.

01.09 / 12:05

Citi Provident Manufacturing Volkswagen UBS Stocks gain ahead of US jobs report

Markets settled into a holding patterns ahead of Friday’s key US jobs data, with European stocks and American equity-index futures edging higher, Treasury yields flat and a gauge of the dollar steady.

31.08 / 23:09

DAX UBS Intel Broadcom US stocks end Global markets update: US stocks end mixed ahead of jobs data

jobless claims for the week ended August 26 fell at 228,000. Shares of Salesforce climbed 3% after its upbeat revenue forecasts. Broadcom rose 3.4% and Intel gained 1.8%.

31.08 / 16:45

COST Lowe's UBS show performer European shares erase gains on luxury, consumer staples drag; UBS glows

By Ankika Biswas and Shashwat Chauhan

31.08 / 15:35

UPS Progressive Align UBS blues analysts A 'historic' result but still a 'construction site': Analysts react to blowout UBS earnings

UBS shares rallied to 15-year highs on the back of what analysts branded a «historic» earnings report, though Deutsche Bank said the Swiss banking giant may remain a «construction site» for some time.

31.08 / 14:49

COST UPS Citizens UBS US insurers brace for Idalia claims, UBS estimates $9.36 billion cost in Florida

By Noor Zainab Hussain, Chibuike Oguh and Jonathan Stempel

31.08 / 14:25

Career UBS Telstra Jefferies pinches new capital markets chairman from Morgan Stanley

Jefferies Australia has poached Morgan Stanley managing director and global capital markets boss, Mark Burmeister.

31.08 / 14:13

UPS Citi Lowe's Waters UBS recovery Idalia lashes Carolinas as Florida's Gulf Coast begins recovery

By Marco Bello, Maria Alejandra Cardona and Steve Gorman

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