Investment Banks News Monitoring

Banking crisis: Thousands of City jobs at risk with UBS set to ‘downsize’ Credit Suisse investment bank division

Monday 20 March 2023 12:30 pm An internal memo seen by the Financial Times confirmed a potential slew of job cuts could be on the way following the merger. Thousands of jobs in the City are at risk after UBS’s dramatic acquisition of Credit Suisse last …

Glencore upgraded by leading investment bank; find out why

UBS has upgraded its recommendation for mining company Glencore PLC from 'neutral' to 'buy', maintaining its price target at £5.60 per share. The stock has underperformed by more than 10% compared with rivals Rio Tinto PLC (LSE:RIO) and BHP …

UBS’s Chairman Vows to Shrink Credit Suisse’s Investment Bank

(Bloomberg) -- UBS Group AG Chairman Colm Kelleher said he will manage down Credit Suisse Group AG’s investment bank, curtailing a source of losses in recent years in a move that potentially spells the end for plans to carve out parts of the unit under the …

BRIEF-UBS CEO SAYS REAL CHALLENGE IS RUNDOWN OF CREDIT SUISSE INVESTMENT BANKING ACTIVITIES

Credit Suisse Group AG: * UBS CHAIRMAN SAYS COMPANY WILL SUSPEND SHARE BUYBACKS * UBS SAYS WE DID NOT INITIATE DISCUSSIONS * UBS SAYS STRATEGY UNCHANGED IN US AND APAC * UBS CHAIRMAN SAYS WE BELIEVE THAT THIS TRANSACTION IS FINANCIALLY ATTRACTIVE FOR UBS …

UBS vows to shrink ‘tricky’ Credit Suisse investment bank

UBS Group AG Chairman Colm Kelleher said he will manage down Credit Suisse Group AG’s investment bank, curtailing a source of losses in recent years in a move that potentially spells the end for plans to carve out parts of the unit under the CS First …

UBS to take the axe to Credit Suisse’s investment bank after historic merger

Sign up here to get Financial News's weekly investment banking email UBS will cut Credit Suisse's investment bank after a historic merger between the lenders. UBS will ensure the unit accounts for no more than a quarter of risk-weighted assets …

UBS WILL DERISK AND DOWNSIZE CREDIT SUISSE INVESTMENT BANKING OP…

Investment bank balance sheet poses stumbling block in UBS takeover of Credit Suisse

British banking regulators have approved the takeover of Credit Suisse by UBS, its Swiss counterpart, as global financial regulators work to contain the largest crisis in the industry since 2008. Credit Suisse has been brought to the brink of financial …

CREDIT SUISSE'S PLAN TO SPIN OFF ITS INVESTMENT BANK UNDER THE F…

Credit Suisse Investment Bank Said a Key Sticking Point in Talks

(Bloomberg) -- Credit Suisse Group AG’s investment banking and trading operations are a key sticking point in the government-brokered talks for rival UBS Group AG to take over the troubled lender, according to people with knowledge of the matter. UBS is …

Credit Suisse's investment bank said to be a key sticking point in talks with UBS- Bloomberg News

March 18 (Reuters) - Credit Suisse Group AG's investment banking and trading operations are a sticking point in talks for UBS Group AG to take over the troubled bank, Bloomberg news reported on Saturday, citing people with knowledge of the matter. ( …

Ralph Hamers, the Dutchman thrust in the driver's seat at Swiss bank UBS

ZURICH, March 20 (Reuters) - When Ralph Hamers emerged from days of emergency talks that ended with his Swiss banking giant rescuing its arch-rival Credit Suisse on Sunday, the bleary-eyed UBS CEO called it a "sad day" that no one had wanted. The …

Global banking turbulence prompts Wall Street banks to trim hawkish Fed bets

March 20 (Reuters) - Goldman Sachs is expecting a pause this week from the U.S. Federal Reserve after a year-long rate increase campaign as Wall Street banks scale back their hawkish expectations in the aftermath of the ongoing global banking turmoil. Bets …

EU-led donors to provide 7 billion euros to help rebuild Turkey after earthquake

Erdogan, UNDP estimate earthquake damage at around $104 bln EU Commission offers $108 mln for humanitarian aid in Syria Russia, Syria not invited to EU-hosted donor conference BRUSSELS, March 20 (Reuters) - Donors at a European Union-led conference on …

Switzerland puts up 260 billion francs for Credit Suisse rescue, documents show

ZURICH, March 20 (Reuters) - Credit Suisse and UBS could benefit from more than 260 billion Swiss francs ($280 billion) in state and central bank support, a third of the country's gross domestic product, as part of their merger to buffer Switzerland …

UBS and Other Bank Stocks Fall After Credit Suisse’s Firesale

Andrew here. After Credit Suisse’s historic shotgun sale to UBS over the weekend, the question now is whether the 166-year-old bank is the last domino to fall — or the first. Just two weeks ago, Silicon Valley Bank, a niche midsize lender in California, …

Standard Deviations: How An IMF Forecast For Russia Kicked Up A Storm

For more than a year now, Russia's economy has been pummeled by a series of Western sanctions aimed at punishing Moscow for its invasion of Ukraine. So when the International Monetary Fund (IMF) predicted the economy would in fact grow in 2023 -- a …

Extreme surgery: Swiss government and UBS take over Credt Suisse

Monday, March 20th 2023 - 16:04 UTC Swiss President Alain Berset said that the Swiss Federal Council welcomed the takeover as it was the “best solution” to restore and strengthen market confidence The Swiss National Bank said at a press conference in Bern …

JPMorgan Chase can be sued by Virgin Islands over Jeffrey Epstein sex trafficking claims

People inside the offices of JP Morgan Chase in New York City. Getty Images A New York federal judge on Monday ruled that the U.S. Virgin Islands and women who accuse the late investor Jeffrey Epstein of sexual abuse can proceed with lawsuits claiming that …

One Planet Group Invites Employees to Make a Difference

Announcing 2023 Service Days WALNUT CREEK, CA, USA, March 20, 2023 /⁨EINPresswire.com⁩/ -- One Planet Group is pleased to announce the release of its Service Days calendar for 2023. An essential aspect of One Planet Group's culture and …

Ken Jisser, CEO of The Pipeline Group joins AuthID’s Board of Directors

Founder & CEO of The Pipeline Group, Ken Jisser, named one of four new members to join AuthID's Board of Directors last week SAN JOSE, CALIFORNIA, UNITED STATES, March 20, 2023 /⁨EINPresswire.com⁩/ -- AuthID, a company providing secure …

Panxora Crypto I Hedge Fund - Top Performer In 2022

CAYMAN ISLANDS , March 20, 2023 /⁨EINPresswire.com⁩/ -- 2022 has been a rough year for all cryptocurrencies. In fact, bitcoin, the cryptocurrency with the largest market cap lost nearly 65% of its market value by the end of the year. The market’s …

UNAVX - All Seasons Fund's Morningstar Ranking

NEW YORK, NY, USA, March 20, 2023 /⁨EINPresswire.com⁩/ -- As of March 14, 2023, the USA Mutuals All Seasons Fund (symbol: UNAVX) was ranked in the top 1% for total return in Morningstar’s Equity Market Neutral Category for the latest 5-Year period …

Saif Al Faris Presents 100% Non-Alcoholic Perfumes & Cosmetics with Divine Fragrances

Saif Al Faris is a perfumes and cosmetics brand from Dubai. DUBAI, UAE, March 20, 2023 /⁨EINPresswire.com⁩/ -- Saif Al Fares (a perfumes and cosmetics brand from Dubai) presents 100% high-quality non-alcoholic perfumes & cosmetics. Saif Al …

Monster Pitch Announces its scheduled arrival in Los Angeles in the fall of 2023

The event is scheduled for Sept 25-30, 2023. LOS ANGELES, CALIFORNIA, UNITED STATES, March 20, 2023 /⁨EINPresswire.com⁩/ -- Monster Pitch is being hosted by The City Of Los Angeles along with the Global Digital Film Market Alliance and will be …

NBCU LX to Premiere New Reality Music Show that Offers a twist - Chasing the Dream

A Dream Come True for Show Developer/Showrunner/Writer/Creator Monica Kelley Celebrity Mentors are Paired with Raw Talent from Underserved Communities NEW YORK, NEW YORK, USA, March 20, 2023 /⁨EINPresswire.com⁩/ -- A new reality based …

Disastrous San Diego Housing Affordability Becomes Less Attainable for Millennial Homebuyers

Affording a home in San Diego, California is getting tougher by the minute for millennial homebuyers facing mountains of debt. SAN DIEGO, CA, UNITED STATES, March 20, 2023 /⁨EINPresswire.com⁩/ -- The affordability of housing in San Diego, …

Family Offices Offer Alternative Financing Opportunities During Turbulent Times

Tightening of credit and rising interest rates have companies looking for alternative sources of capital. Family offices offer an attractive option for many. NEW YORK, NY, UNITED STATES, March 20, 2023 /⁨EINPresswire.com⁩/ -- With the failure of …

Beyond Orbit’s AI Voice Bots: Calling Thousands Of Leads Per Day Without Adding Staff

Beyond Orbit, a leading provider of AI-powered voice bots, is proud to announce that its solution can help businesses improve their customer service experience. MESA, AZ, UNITED STATES, March 20, 2023 /⁨EINPresswire.com⁩/ -- Beyond Orbit, a …

Sharifah Hardie Ceases Efforts to Raise $1.5B for Small Black Businesses Amid Website Closure

The City of Long Beach is excepting donations to fight this homeless crisis: https://lbpost.com/news/how-to-donate-to-help-homeless-residents-in-long-beach LONG BEACH, CA, UNITED STATES, March 20, 2023 /⁨EINPresswire.com⁩/ -- In …

Whitney McWhorter & McWhorter Foundation Announce $10Million Philanthropic commitment to Educational/Nutrition Programs

PALM BEACH , FL, UNITED STATES , March 20, 2023 /⁨EINPresswire.com⁩/ -- Whitney McWhorter and The McWhorter Foundation Announce a $10Million Philanthropic commitment to Educational Enrichment and Educational Nutrition Programs. McWhorter and …

Quickpay Funding’s Veronica Beach is recognized as one of the Top Women in Asset-Based Lending (ABL)

ABF Journal names Veronica Beach to Top Women in Asset-Based Lending for 2023 LAS VEGAS, NEVADA, UNITED STATES, March 20, 2023 /⁨EINPresswire.com⁩/ -- Quickpay Funding LLC proudly announced today that Veronica Beach, Co-Founder and Chief …

Data Monetization and Business Decision-Making Skills Will be Highlighted at WWDVC's Monday Business Program

Data Vault Alliance Announces Troy Belanger's Session "Monetizing Your Data Strategy" as Part of Monday Business Program Track ST. ALBANS, VERMONT, UNITED STATES, March 20, 2023 /⁨EINPresswire.com⁩/ -- The World Wide Data Vault …

Swiss Researchers Develop SmarDex Protocol to Address Impermanent Loss in DeFi

MONTREUX, SWITZERLAND, March 20, 2023 /⁨EINPresswire.com⁩/ -- A Swiss research team has announced the development of SmarDex, a pioneering protocol designed to revolutionize the decentralized finance (DeFi) sector. The protocol aims to tackle the …

New Anti-Aging Product Line Launched with Patent Pending DNA Complex; Endorsed by Nicole Kidman: Stock Symbol: CURR

Most Powerful Anti-Aging Product Lines with Patent Pending DNA Complex; Endorsed by Oscars Night 2023 Presenter Nicole Kidman: CURR Avenir Wellness Solutions, Inc. (OTCMKTS:CURR) SHERMAN OAKS, , CALIFORNIA, UNITED STATES, March 20, 2023 /⁨ …

Foreclosed Kern County Homeowner with Surplus Reverse Trustee Sale with Help of Nonprofit Alliance of Consumer Advocates

PINE MOUNTAIN CLUB, CA, UNITED STATES, March 20, 2023 /⁨EINPresswire.com⁩/ -- Melvin P, a homeowner in Pine Mountain Club, California, was facing the devastating prospect of losing his home after his lender foreclosed on his property and sold it to …

Agragene announces another funding round after relocation to St. Louis

BioGenerator leads $2M funding round with Ospraie Ag Science to scale to commercialization ST. LOUIS, MO, USA, March 20, 2023 /⁨EINPresswire.com⁩/ -- Agragene, Inc., a sustainable agricultural technology company developing novel biological crop …

Affiliate Marketers Beware: The Programs to Avoid and the Ones to Prioritize

There are over 11,000 affiliate programs in the US alone. Worldwide, that number swells to 50,000+. Separating the wheat from the chaff is a monumental task. JACKSON, WYOMING, USA, March 20, 2023 /⁨EINPresswire.com⁩/ -- TopRanked, an authoritative …

Unity Bank Earns Top, 5-Star Rating from Nation’s Premier Bank Rating Firm

Unity Bank has earned the Top (5-Star) Rating for financial strength and stability from BauerFinancial, Inc., the nation’s premier bank rating firm. Unity Bank (NASDAQ:UNTY) CLINTON, NEW JERSEY, UNITED STATES, March 20, 2023 /⁨EINPresswire.com⁩/ …