More More Schaeffler, Timken Weigh Bids for $1.5 Billion ABB Unit This content was published on May 11, 2021 May 11, 2021 (Bloomberg) -- Schaeffler AG and Timken Co. are among suitors considering bids for the mechanical power transmission business being sold by Swiss...
More More Inside Pictet, the Secretive Swiss Bank for the World’s Richest People This content was published on May 11, 2021 May 11, 2021 (Bloomberg) -- In the mythology of private banking, Banque Pictet & Cie SA stands apart. Over the course of more than two centuries, the Swiss...
More More Renishaw Said to Face Uphill Battle to Sell Over Steep Price This content was published on May 11, 2021 May 11, 2021 (Bloomberg) -- British engineering firm Renishaw Plc is struggling to attract takeover interest because of a hefty price tag and list of ownership...
More More UBS Explores Offering Crypto Investments to Rich Clients This content was published on May 10, 2021 May 10, 2021 (Bloomberg) -- UBS Group AG is in the early stages of planning to offer wealthy customers digital currency investments, joining U.S firms in...
More More UBS Dangles $40,000 Bonuses to Slow Junior Banker Defections This content was published on May 10, 2021 May 10, 2021 (Bloomberg) -- UBS Group AG will pay a $40,000 one-time bonus to its global banking analysts when they are promoted, doubling what some competitors...
More More Swamped Traders Spur UBS Plans to Build Outsourcing Desk in U.S. This content was published on May 7, 2021 May 7, 2021 (Bloomberg) -- UBS Group AG is building an outsourced trading desk in the U.S. that aims to lighten the load -- and cut costs -- for asset managers...
More More Credit Suisse Lures Back Prime Broker Head to Clean Up Archegos This content was published on May 7, 2021 May 7, 2021 (Bloomberg) -- Three years after he left in a leadership shakeup, former Credit Suisse Group AG prime broker head Indrajit Bardhan is returning to...
More More European Stocks Rise to Record as Tech Shares Gain on U.S. Data This content was published on May 7, 2021 May 7, 2021 (Bloomberg) -- European equities surged to a record on Friday, with the technology sector leading the advance, as weaker-than-expected U.S. jobs...
More More SNB’s U.S. Stock Portfolio Hit $150 Billion as Market Rallied This content was published on May 7, 2021 May 7, 2021 (Bloomberg) -- The value of the Swiss National Bank’s U.S. equity portfolio climbed to $150 billion at the start of the year, lifted by a...
More More Credit Suisse Names New Europe Equities Head After Archegos This content was published on May 7, 2021 May 7, 2021 (Bloomberg) -- Credit Suisse Group AG named Neil Hosie head of equities for Europe, Middle East and Africa, replacing Ryan Nelson who stepped down...
More More Stocks Notch All-Time High After Weak Jobs Data: Markets Wrap This content was published on May 7, 2021 May 7, 2021 (Bloomberg) -- Stocks climbed to a record after surprisingly weak jobs data eased fears about higher inflation and a cutback in stimulus. The...
More More Don’t Blame Central Banks for Inequality, BIS Chief Says This content was published on May 6, 2021 May 6, 2021 (Bloomberg) -- Economic inequality isn’t caused by central banks, and government officials must play their part in tackling the fundamental...
More More Banks Are Making It Harder for Hedge Funds to Leverage Their Bets After Archegos This content was published on May 7, 2021 May 7, 2021 (Bloomberg) -- The dust hadn’t yet settled on Archegos Capital Management’s implosion, when hedge funds started shifting their bets toward banks...
More More Dow Average Hits Record Before Friday’s Jobs Data: Markets Wrap This content was published on May 6, 2021 May 6, 2021 (Bloomberg) -- Stocks climbed as data showing the world’s largest economy is strengthening overshadowed inflation worries, with investors awaiting...
More More Weber Says UBS Should Consider a Chairwoman After He Leaves This content was published on May 6, 2021 May 6, 2021 (Bloomberg) -- UBS Group AG Chairman Axel Weber suggested the bank should consider appointing a chairwoman after he exits next year as the bank...
More More Europe Loan Market in Lull as Mad Dash for Cash Becomes History This content was published on May 6, 2021 May 6, 2021 (Bloomberg) -- European loan issuance by companies has plummeted since last year’s record-breaking rush for cash, as borrowers turn to the better...
More More UBS’s Weber Apologizes for Archegos Loss, Urges Transparency This content was published on May 5, 2021 May 5, 2021 (Bloomberg) -- UBS Group AG’s Chairman Axel Weber apologized for the loss the Swiss bank posted on its exposure to the collapse of Archegos Capital...
More More FIFA Chief Wins Swiss Court Bid to Take Prosecutor Off Probe This content was published on May 5, 2021 May 5, 2021 (Bloomberg) -- FIFA boss Gianni Infantino won his bid to have a specially appointed prosecutor removed from an investigation into undocumented...
More More European Stocks Fall as Tech Sees Biggest Drop in Six Months This content was published on May 4, 2021 May 4, 2021 (Bloomberg) -- European stocks tumbled on Tuesday, with the tech sector suffering its biggest drop since late October, mirroring a selloff on the...
More More The Ghost of ‘Volmageddon’ Is Back to Haunt New Volatility Funds This content was published on May 4, 2021 May 4, 2021 (Bloomberg) -- Forget a Bitcoin ETF. For many Wall Street stock traders the most eagerly awaited exchange-traded funds are just as speculative --...