Credit Suisse's collapse was caused by the bank's management, not by Swiss financial authorities, Swiss National Bank Chairman Thomas Jordan was quoted as saying on Friday.
Direct Line Insurance Group PLC's (LSE:DLG) capital markets day on Wednesday, July 10, will see a focus on three areas according to UBS, with dividends likely to be central to the discussion. “We anticipate a progressive dividend strategy and target a c.
HSBC is attracting initial interest from peers including BNP Paribas SA and UBS Group AG , for the sale of its German wealth-management unit, Bloomberg News reported on Thursday citing people familiar with the matter.
U.S. bank State Street has won a mandate to act as custodian bank for a multibillion-dollar compensation fund of the Swiss federal government that was previously at UBS , authorities said on Wednesday.
BAE Systems PLC (LSE:BA.) is expected to report first-half numbers on 1 August with expectations moderating a little in recent weeks.
BP PLC (LSE:BP.) is due for a slow re-rating from this point onwards, suggests UBS, as self-help measures and a steady retreat from its green initiatives feed through into higher earnings.
UBS Group (UBS) completes the merger between UBS Switzerland AG and Credit Suisse (Schweiz) AG. This aligns with UBS' strategy to strengthen its market presence in competitive regions.
Rentokil Initial PLC (LSE:RTO) is no longer on UBS's sell list, which has said it is easing up on its negative view of the acquisition of US group Terminix. “We have been Sell-rated on Rentokil throughout the entirety of the Terminix integration, and continue to see risks to achieving mid-term targets as the NA Pest business transitions towards an unproven 'large branch' model.
Swiss bank UBS has completed the merger of its domestic unit with Credit Suisse's operations in its home market, the bank said on Monday, adding that the head of the Credit Suisse business was leaving the bank.
UBS Group (UBS) is setting up new units to transform its wealth management business. This aligns with the company's cost-saving business restructuring strategies.
UBS Group (UBS) is pushing the Swiss government to clarify the additional capital requirements, fearing that negotiations will be delayed for months.
UBS analyst Sanjeet Aujla upgraded Anheuser-Busch InBev stock to buy today. UBS sees Anheuser-Busch growing its volume shipped, its prices, its profit margins, and its free cash flow over the next 12 months.