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...US asset managers Fidelity and Capital Group between them raised their stakes by more than SFr1.5bn and are now top-10 independent shareholders, according to data from S&P Capital IQ....
...Jane Owen is an FT contributing editor and garden author Find out about our latest stories first — follow @FTProperty on X or @ft_houseandhome on Instagram...
...S&P gave the new UBS AT1 a BB rating, five notches below its A- credit rating on the bank....
...According to analysis by rating agency S&P, Spanish and Italian lenders have also passed on a smaller portion of the benefits of higher rates — known as deposit beta — to depositors than other banks, including...
...NBIM, which was already a top-10 UBS shareholder, has overtaken US investors Dodge & Cox and BlackRock to become the largest investor, according to S&P Capital IQ....
...“If you have fewer banks in the system, they control the market and they can more effectively control how much is passed on to consumers.” said Charnay of S&P....
...“You are not going to lose too many votes by increasing taxes on banks,” said Giles Edwards, a banks analyst at S&P Global Ratings....
...Chairman redux As anti-DEI sentiment sweeps corporate America, thousands of filings reveal that S&P 500 companies are changing to gender-neutral language at a slowing rate, Bloomberg reveals....
...“European banks do not exhibit a combination of large unrealised losses on securities portfolios and highly confidence-sensitive funding models,” S&P analyst Giles Edwards said in a recent report....
...“French banks have not enjoyed the same boost to revenues and immediate benefit from higher rates as their European peers,” S&P Global Ratings said in a report last month....
...Bronwyn Owen, the group’s head of investors relations, is relocating from New York to run the office, which will be used to forge ties with local investors....
...“It’s a win-win cooperation,” said Owen Chen, an analyst with S&P Global Mobility, “Xpeng can enter the B2B market by selling cars to Didi… while Didi can also employ more smart taxis developed by other...
...The blue-chip S&P 500 fell 1.7 per cent, while the technology-heavy Nasdaq Composite fell 1.2 per cent....
...UBS recovered from a 14 per cent slump shortly after markets opened to close 1.3 per cent higher, though on Monday evening S&P cut the bank’s credit rating outlook to negative, citing “material execution...
...State Street’s S&P US regional banks exchange-traded fund lost 4.4 per cent after falling almost 8 per cent on Thursday....
...The drop in bank stocks helped drag the US blue-chip S&P 500 down 0.7 per cent, while the tech-heavy Nasdaq Composite finished flat....
...To find out how damaging this is for the bank, I’m joined by the FT’s Owen Walker. Hey, Owen. Owen WalkerHey, how’s it going? Marc FilippinoIt’s going well....
...Following a series of downgrades over the past year, Credit Suisse’s debt teeters perilously one notch above junk status, as rated by S&P, and two above by Moody’s and Fitch....
...BofA’s Jadrosich pointed to risks such as a recent increase in the price of insulation from supplier Owens Corning, which cited strong demand....
...S&P had just dropped Tesla from one of its ESG indices....
...Morgan Stanley’s stock closed 5.1 per cent lower on Friday, more than double the 2.4 per cent drop for the S&P 500....
...The UK’s credit rating currently stands at Aa3 with Moody’s and AA with rival S&P....
...He also spoke to analysts at S&P Global, who this week reaffirmed their A/A-1 rating on the bank despite uncertainty over the strategic revamp and speculation it may need to raise more capital....
...Get an early glimpse of the 2023 displays from this piece by FT columnist Jane Owen. The Ukraine conflict will never be far from the headlines....
...It is a combination that has sent the S&P 500 down 19 per cent this year while also depressing the valuations of privately held fintechs once coveted by investors....
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