Monday, May 13, 2024

UBS

UBS and Citi Expected to Allow Some Customers to Trade Bitcoin ETFs

Investors interested in Bitcoin ETFs in the US have been transferring their 401k retirement plans to institutions offering seamless trading in a bid to obtain financial freedom. The approval of 11 spot Bitcoin exchange-traded funds (ETFs) has received mixed...

UBS Announces Q3 2023 Net Loss Larger than Expected Following Expenses Incurred from Credit Suisse Acquisition

The UBS report for Q3 2023 showed that the company’s net loss increased because of expenses necessary due to the Credit Suisse integration. Multinational investment bank and financial services company UBS Group AG (SWX: UBSG.SW) has published its report...

UBS Pilots Tokenized VCC Fund in Singapore within Project Guardian

The first transactions within the pilot included fund subscriptions and redemption of the tokenized fund represented as a smart contract. Notably, UBS used its own UBS Tokenize platform to conduct the transactions.  Swiss multinational investment bank and financial services company UBS Asset Management...

UBS Posts Record Q2 2023 Profit Driven by Credit Suisse Acquisition

Additionally, UBS has announced its decision to fully integrate Credit Suisse’s domestic banking unit into its operations. UBS Group AG (SWX: UBSG), Switzerland’s preeminent banking institution, has reported record-breaking Q2 2023 profits that not only exceeded analysts’ estimates but...

UBS to Complete Acquisition of Credit Suisse by Mid-Month

As part of a government-backed rescue plan earlier this year as well as a bid to prevent any financial market instability, UBS acquired Credit Suisse in a $3.2 billion deal. The long-awaited conclusion of the Credit Suisse Group AG...

Swiss Banking Giant UBS May Record $17B Loss from Credit Suisse Takeover

According to the UBS post-acquisition plans, it is going to implement a phased integration of the Credit Suisse brand which may last a couple of years.  Swiss multinational banking giant UBS Group AG (SWX: UBSG) has revealed new details...

UBS Stock Falls 2% after Record of Slump in Q1 2023 Net Profit

The turmoil in the banking ecosystem from the United States as it concerns Silicon Valley Bank (SVB) stirred a ripple effect that was felt in Switzerland. The shares of Swiss multinational banking giant UBS Group AG (SWX: UBSG) are...

UBS Group Buys Credit Suisse in $3.2 Billion Deal to Halt Banking Crisis

The terms of the deal between the two banks mean that Credit Suisse shareholders shall receive 1 UBS share for every 22.48 Credit Suisse shares. Major cracks appeared in the European Banking system last week as Swiss lender Credit...

UBS & Credit Suisse Shares Sink Following Bailout Deal

UBS and Credit Suisse both saw their shares spiral after the former agreed to an emergency rescue of the latter.  Shares of Swiss banking giants UBS and Credit Suisse plunged substantially following a takeover of the latter. On Monday morning, UBS secured a 3...

Breaking: Credit Suisse (CS) Gets $1 Billion Buyout Offer From UBS; But There’s A Catch

As reported by financial times struggling Credit Suisse has received an buyout offer from Switzerland based private bank UBS. Earlier CoinGape published confirmation of a merger between Credit Suisse and UBS. UBS Offer $1 Billion To Struggling Credit Suisse UBS...
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Shiba Inu Lead's Cryptic Words 'How Long Silence Will Be' Thrill Community – The Crypto Basic

Shiba Inu Lead's Cryptic Words 'How Long Silence Will Be' Thrill Community  The Crypto Basic Source link
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