A group of Credit Suisse bondholders filed a lawsuit against the Swiss government, seeking full compensation over the contentious decision to write down the failed bank's Additional Tier 1 (AT1) debt.As part of Credit Suisse's emergency sale to UBS last year, which was orchestrated by the Swiss government, Swiss regulator Finma wiped out roughly $17 billion of the bank's AT1s, writing them down to to zero.The bank's common shareholders received payouts when the sale was completed.The move angered bondholder ...

A month has gone by since the last earnings report for UBS (UBS) . Shares have added about 8.5% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is UBS due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. UBS Group Q1 Earnings & Revenues Jump Y/Y, Expenses RiseUBS Group AG r ...

UBS Group AG (UBS) has achieved a milestone in its integration with Credit Suisse by finalizing the previously announced merger of UBS AG and Credit Suisse AG. The merger was completed within the planned timeline, thanks to significant backing from regulators around the world.Shares of UBS Group rose 2.1% with the announcement of the deal's closure.The acquisition is expected to allow UBS Group to fortify its position as a preeminent global wealth manager.Merger & Other DetailsFollowing this merger, Credit ...

Scorching-hot tech powerhouse Nvidia (NASDAQ:NVDA) saw its shares incur a rare dip on Thursday. This volatility comes following a CNBC report that one customer provides the lion’s share of top-line contributions. While very few experts are skeptical about NVDA stock, the underlying enterprise has a dependency challenge.UBS analysts speculated in a research note that Nvidia’s mystery customer may be Microsoft (NASDAQ:MSFT). The research arm of the Wall Street banking giant stated that it analyzed the semicon ...

From left to right: Johan Pihl, Doconomy's chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder.DoconomySwedish climate-focused financial technology startup Doconomy told CNBC on Thursday that it's raised 34 million euros ($36.9 million) from leading European banks, including UBS and Commerzbank.Doconomy, which offers tools to help bank customers measure the carbon footprint of their everyday spending, raised the cash in a Series B financing round co-led by UBS ...

文章核心观点 瑞银在收购竞争对手瑞士信贷后对执行董事会进行改组，体现“可持续战略增长”策略，同时为即将离任的首席执行官塞尔吉奥·埃尔莫蒂寻找继任者 [1][2][3] 执行董事会改组情况 - 全球财富管理部门拆分，由亚太区的伊克巴尔·汗和美国的罗布·卡罗夫斯基共同担任总裁，银行将在这两个地区加倍投入 [1] - 乔治·阿萨纳索普洛斯和马尔科·瓦拉加入执行董事会，与即将上任的全球首席风险官达米安·沃格尔共同担任投资银行联席总裁 [2] - 此次改组替换了即将离任的董事会成员，包括瑞士信贷首席执行官乌尔里希·科尔纳、瑞银亚太区总裁埃德蒙· Koh 和瑞银美洲地区总裁诺琳·哈桑 [2] 首席执行官继任者情况 - 瑞银排除了外部人士接替埃尔莫蒂的可能性，将从三名内部候选人中选择继任者 [3] - 埃尔莫蒂预计在2027年初卸任，最早明年可能宣布继任者人选 [3]

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

UBS Group AG (UBS) is well-positioned for growth, driven by its strategic acquisition of Credit Suisse, strong capital position and digitalization efforts. Additionally, its business restructuring initiatives will support its financials in the long run.The Zacks Consensus Estimate for UBS Group’s 2024 and 2025 earnings have been revised upward by 6.8% and 2.4%, respectively, over the past 60 days. This indicates that analysts are optimistic regarding its earnings growth potential. UBS currently carries a Za ...

ATLANTA, May 20, 2024 (GLOBE NEWSWIRE) -- Aveanna Healthcare Holdings Inc. (“Aveanna”) (NASDAQ: AVAH) today announced that its management team will attend the UBS Healthcare Services Cape Cod Summit in Chatham, MA on Tuesday, June 4, 2024, and the Jefferies Global Healthcare Conference in New York on Wednesday, June 5, 2024. Management will host 1x1 investor meetings at the UBS Healthcare Services Summit on June 4, 2024. For the Jefferies Global Healthcare Conference on June 5, 2024, management will host 1x ...

FOSTER CITY, Calif., May 17, 2024 (GLOBE NEWSWIRE) -- Terns Pharmaceuticals, Inc. (“Terns” or the “Company”) (Nasdaq: TERN), a clinical-stage biopharmaceutical company developing a portfolio of small molecule product candidates to address serious diseases, including oncology and obesity, today announced that members of senior management will be participating in a virtual fireside chat at UBS Obesity Therapeutics Day on Thursday, May 23, 2024 at 1:00 p.m. ET. A live webcast of the fireside chat will be avail ...