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...Ermotti has re-emerged as a leading spokesman for European banks since returning to UBS in the wake of its rescue of former rival Credit Suisse in the most significant merger in the sector since the financial...
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...Some skittish investors were reluctant to keep hold of their shares ahead of the weekend, just in case. Other bank stocks, in Europe and in the US, were spooked....
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...Although Biden is not on the ballot in New Hampshire, some Democrats have launched a “write-in” campaign for voters to pick Biden anyway over Dean Phillips, the Democratic congressman from Minnesota who...
...In a statement on Thursday, the UBS board said the pay award was in recognition of Ermotti’s “excellent performance in a defining year in UBS’s history and strong progress in delivering on integration priorities...
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...Carmot Therapeutics in December....
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...Sewing’s cash bonus was reduced by 10 per cent or €281,000, resulting in a decline in his total pay to €8.75mn, from €8.93mn in 2022....
...UBS said the new arrangement with Apollo — which included the transfer of $8bn of senior secured financing facilities — would result in a $300mn net gain for the bank....
...Instead, the regulator in its report referenced anonymised companies “[Company A] Bank AG” and “[Company A] Capital (UK) Limited”....
...He wasn’t really interested in a market-led view of art,” Jacques says....
...held on escrow accounts in Asia....
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...“We need more granularity,” said Gerard Cassidy, a bank analyst at RBC Capital Markets....
...than in the past....
...Investors are “still not all in on the banks”, said RBC banking analyst Gerard Cassidy. “It’s because of the scar tissue that’s still around from March of last year.”...
...He said that the financial sector was “a pivotal driver of growth and prosperity in Switzerland”....
...Cost savings put in place before the dramatic rise in cocoa prices are under way. This includes closing factories and optimising product lines with 2,500 job cuts under way....
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...Despite a prolonged drought in deals and a fall in loan demand, 2023 was one of the most profitable years for European banks because of rising interest rates....
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