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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...
...Last month UBS agreed to sell an additional $8bn of loans to Atlas SP as part of a renegotiation of the deal that also scrapped an associated investment management arrangement....
...DWAC dismissed Orlando as chief executive in March 2023 and installed Eric Swider, a businessman living in Puerto Rico, in the position....
...Credit Suisse was one of the first major tenants of the Canary Wharf estate. The Docklands financial district was the brainchild of Michael von Clemm, chair of Credit Suisse First Boston....
...People with knowledge of Cevian’s view of UBS said the investor had tracked the bank for about 15 years....
...He said that the financial sector was “a pivotal driver of growth and prosperity in Switzerland”....
...The pair also responded to criticism that the size of UBS within the Swiss market has harmed competition....
...financials credit at Federated Hermes, which invests in UBS bonds....
...Swiss financial news outlet Tippinpoint was first to report his departure....
...The deal also included an agreement where Atlas would provide investment management services to some of the assets Credit Suisse retained....
...A man in a Puerto Rico basketball jersey was conducting a circular argument with a Chinese woman who was waving a Trump flag at him and shouting: “American citizen!”...
...Paul Hastings has hired Tom McKay as a partner on its financial restructuring team in Europe....
...As a result, traditional financial products and the investment-led financial services market have proved less attractive to women, says Ross....
...NatWest has poached UBS executive Emma Crystal to become chief executive of private bank Coutts, following the exit of Peter Flavel after the Nigel Farage “debanking” scandal....
...“There is still a lot of work to do,” said Vontobel analyst Andreas Venditti. “The shares’ current valuation offers significant upside, should UBS be able to reach its long-term financial targets.”...
...The former trader was sentenced to 14 years in prison, the toughest sentenced handed down in the UK for financial fraud, later reduced on appeal to 11 years, of which he served about half....
...Henry, who is stranded in Puerto Rico, did not attend the summit....
...Rico....
...Haiti’s Prime Minister Ariel Henry has re-emerged in Puerto Rico after his whereabouts were unknown for days....
...from the bank without paying for other services....
...UBS has promised a return on tangible equity target of some 14 per cent by the end of 2026, well above its cost of equity....
...The World of Work Much of the business world has made its peace with remote working but in banking and financial services it’s still a battlefield....
...The construction industry had the widest gap at 32 per cent, followed by financial and insurance services at 26 per cent....
...For instance, it has said that in mid-2021 it transferred “certain” IP from Puerto Rico to the US, enabling it to book a $3.3bn tax benefit to reflect the effects of the so-called GILTI tax implemented during...
...China’s “national team” of major state-backed financial services companies has ploughed Rmb410bn ($57bn) into local equities exchange traded funds so far this year, according to UBS estimates....
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