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UBS aims to keep operating out of Switzerland, but current capital proposals by the Swiss government are not acceptable to the bank, CEO Sergio Ermotti said on Thursday.
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Capital requirements for UBS should not exceed those in other major financial centres, a second Swiss parliamentary committee said on Friday, echoing a call from last week and raising pressure on the government to ease certain rules.
Swiss banks have to pay more currently to secure liquidity in the financial markets than two years ago, the Swiss National Bank said on Thursday, pointing to the 2023 collapse of Credit Suisse and takeover by rival UBS as one explanation.
Cisco Systems Inc (NASDAQ:CSCO, ETR:CIS) has been upgraded to ‘Buy' from ‘Neutral' by UBS analysts, who see the company entering a multi-year growth cycle driven by AI infrastructure demand. They upped their price target to $88 from $74, implying 21% upside from Friday's closing share price of about $73.
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Investors interested in Banks - Foreign stocks are likely familiar with UBS (UBS) and Nu Holdings Ltd. (NU). But which of these two stocks is more attractive to value investors?
Sources inside the bank tell On The Money that senior bankers are alerting the troops that a move is almost inevitable given the costs associated with staying in Switzerland
UBS expects Diageo PLC (LSE:DGE) first-quarter update next week to show a soft start to the year, with group organic revenue likely down 1.7%, weaker than consensus but marginally better than what most investors anticipate. North America remains the problem area.
“There is a little bit of witch hunting,” UBS CEO Sergio Ermotti defends his bank against criticism over the exposure to First Brands, saying investors were aware that they were engaged in higher-risk strategies Click Here
Ceres Power Holdings PLC (LSE:CWR, OTC:CPWHF) shares jumped on Wednesday after UBS almost tripled its share price target, citing accelerating demand for the company's solid oxide fuel cell (SOFC) technology and an improving financial outlook. The target was lifted to 350p from 120p and a 'buy' rating, with shares in the company rising 16% on the day to 306p, up around 300% since Bosch pulled out of its partnership in February.