Bank Ubs - QuikReader

Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.

Business - CNBC - 6 hours ago

Swiss regulator orders UBS to bolster emergency plans

Finma suspends annual approval of bank’s ‘living will’ in light of added risk from Credit Suisse takeover

Business - Financial Times - October 15

UBS reports better than expected profits

Swiss bank’s markets business helped by increase in volatility

Business - Financial Times - 6 hours ago

UBS smashes forecasts with bumper profit, warns of volatility around U.S. elections

The Swiss bank’s profits were boosted by the ongoing integration of wealth management accounts previously run by its main rival Credit Suisse

Business - MarketWatch - 6 hours ago

U.S. election won't be an 'uneventful event' for global markets, UBS chief says

Ermotti forecasts "market movements" will take place in the wake of the upcoming U.S. elections, no matter who wins leadership of the world's largest economy.

Business - CNBC - 2 hours ago

UBS has just lowered earnings estimates — and raised its S&P 500 target

UBS on Tuesday issued an unusual pairing, reducing its estimates for earnings growth while at the same time lifting its S&P 500 target for this year and next.

Business - MarketWatch - October 15

Stocks have rarely been this expensive versus bonds. Now, UBS expects that to change.

Stocks are now expected to weaken versus bonds, argue UBS strategists.

Business - MarketWatch - 2 hours ago

A Skeleton Bank of Understudied Species

With a new database of medical images, zoo and wildlife vets can finally see what healthy uncommon animals, from rhinos and tamarins to pangolins and sea stars, should look like on the inside.

World - The New York Times - 4 days ago

Deutsche Bank's Investment Bank Performance, Provision Releases Lift Profit

Deutsche Bank reported a better-than-expected rise in its third-quarter profit on growth in its investment-banking division and the partial release of provisions linked to litigation over its ...

Business - The Wall Street Journal - October 23

Corporate Retreats Are Back. Hotels Are Banking on It.

Desire for more face-to-face meetings is spurring companies to book group events.

Business - The Wall Street Journal - October 14

Bank of Canada resorts to jumbo rate cut as growth falters

Slowdown prompts shift to 50bp reduction, with rate-setters saying borrowing costs are likely to fall further

World - Financial Times - 6 days ago

UK banks deserve a place in the sun

Third-quarter results underscore their low sensitivity to interest rates

World - Financial Times - Yesterday

US banks ride ‘soft landing’ high

JPMorgan Chase and Wells Fargo beat forecasts as consumers prove more resilient than feared

World - Financial Times - October 14

Bank of America tops estimates on better-than-expected trading revenue

Bank of America benefited from its Wall Street trading and banking divisions in the third quarter, just as rival JPMorgan Chase did.

Business - CNBC - October 15

UK to raise bank ringfencing threshold to ‘improve competitiveness’

Wider package of reforms expected ‘as soon as parliamentary time allows’, says minister

Business - Financial Times - October 15

Citigroup earnings top estimates, but stock falls as bank boosts loan loss reserves

The bank's third-quarter report was stronger than Wall Street expected but still showed a year-over-year decline in earnings.

Business - CNBC - October 15

Switzerland’s wealth managers bank on a future in Asia

Hong Kong and Singapore are the world’s rising wealth centres

World - Financial Times - October 16

UK to consult on ‘opt-out’ AI content scraping in blow to publishers

Decision follows months of lobbying from tech sector and creative industries

Business - Financial Times - October 16

Lebanon feels it is being punished for a decision Hizbollah made

Civil society has sprung into action but the overwhelming sense of solidarity may be hard to sustain