UBS Group AG

UBS sees a raft of Fed rate cuts next year on the back of a U.S. recession

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U.S. Federal Reserve Chairman Jerome Powell takes questions from reporters during a press conference after the release of the Fed policy decision to leave interest rates unchanged, at the Federal Reserve in Washington, U.S, September 20, 2023. Evelyn Hockstein | Reuters UBS expects the U.S. Federal Reserve to cut interest rates by as much as … Read more

Strange, but good, things are happening in markets

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People walk by the New York Stock Exchange (NYSE) on November 02, 2023 in New York City.  Spencer Platt | Getty Images News | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter … Read more

Goolsbee’s ‘golden path’ is still visible

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Austan Goolsbee, president and chief executive officer of the Federal Reserve Bank of Chicago, during a Bloomberg Television interview at the Jackson Hole economic symposium in Moran, Wyoming, US, on Friday, Aug. 25, 2023. David Paul Morris | Bloomberg | Getty Images This report is from today’s CNBC Daily Open, our new, international markets newsletter. … Read more

UBS q3 2023 earnings

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A logo of Swiss bank UBS is seen in Zurich, Switzerland March 29, 2023.  Denis Balibouse | Reuters UBS on Tuesday reported a bigger-than-expected third-quarter net loss of $785 million as it works to integrate fallen rival Credit Suisse. Analysts polled by Reuters had anticipated the Swiss banking giant would record quarterly net loss of … Read more

Wefox raises another $55 million from Deutsche Bank and Unicredit

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Wefox CEO Julian Teicke. Wefox Wefox, the $4.5 billion German insurance technology group, has raised $55 million of fresh funding from Deutsche Bank and UniCredit, two anonymous sources familiar with the deal told CNBC. The company, which sells insurance plans via an online platform, raised the fresh cash in a debt financing deal from the … Read more

UBS says it has accomplished the takeover of Credit score Suisse

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UBS expects to finish its takeover of Credit score Suisse “as early as June 12”, which is able to create an enormous Swiss financial institution with a steadiness sheet of $1.6 trillion. Fabrice Coffrini | Afp | Getty Pictures Swiss financial institution UBS on Monday stated that it had formally accomplished the takeover of its … Read more