UBS Group AG (UBS) announced that Credit Suisse Supply Chain Finance Funds have made an offer to redeem fund units. The company will return 90% of the money invested in Credit Suisse funds linked to the collapse of Greensill Capital. This is part of the effort being undertaken by the Swiss bank to resolve Credit Suisse's difficulties. Investors in the Credit Suisse Supply Chain Finance Funds may choose to redeem 90% of the net asset value determined on Feb 25, 2021. The offer commenced on Jun 17, 2024, and ...

UBS Group AG (UBS) has started final negotiations with a Beijing-backed fund to divest its China brokerage venture of Credit Suisse as talks with Citadel Securities LLC stalled. This news was reported by Bloomberg, citing people familiar with the matter. Beijing State-Owned Assets Management Co. (“BSAM”), Credit Suisse's Chinese partner - Founder Securities, and UBS Group are now having exclusive talks over the acquisition. By the end of this month, a decision and agreement with the buyer might be achieved. ...

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 bondhol ...

The three keys USB logo is seen outside the London office of Swiss bank UBS in central London, on March 20, 2023. LONDON — UBS on Thursday announced a shake-up of its executive board in the latest phase of a radical overhaul of the Swiss banking giant, following its takeover of fallen rival Credit Suisse. A newly split global wealth management division, led by co-presidents Iqbal Khan in Asia-Pacific and Rob Karofsky in the U.S., sees the bank double down across the two geographies as part of what it has du ...

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 Z ...

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 1x1 ...

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 ...

Swiss Bank UBS Group (UBS) is back above the 10-week moving average as it forms a cup base. Bank stocks have rallied since April after some big institutions reported strong earnings and interest rates remain high. X Zurich-based UBS Group provides wealth and asset management services and banking services to institutional, corporate and private clients. UBS took over failed Credit Suisse in March 2023. One year later, Swiss authorities are revisiting its capital requirements. Recent reports say regulators wa ...

Traders work on the floor of the New York Stock Exchange during morning trading on April 29, 2024 in New York City. Michael M. Santiago | Getty Images European stocks are now more attractive than their U.S. counterparts, according to Swiss Bank UBS, with factors such as economic data, interest rates and earnings playing a key role. In a note entitled: "A U-Turn: Favouring Europe over US equities," the bank's strategists said European stocks excluding the U.K. now outrank the U.S. on its "regional scorecard. ...

UBS (UBS) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. Individual investors often find it ha ...