Page 3 - Ubs

UBS 'double upgrades' Gail India to buy; sees 25% upside in the stock

At the bourses, the stock surged over 3 per cent in intra-day deals to Rs 122.7 on the BSE on Monday. In comparison, the S&P BSE Sensex traded flat at around 66,245 levels

ACC, Ambuja, Dalmia Cement: Analysts remain selective on cement stocks

UBS and Nomura expect volume growth of 10 per cent and 8 per cent, respectively, in FY24 aided by an uptick in the real estate cycle.

Four major western banks cut China's 2023 GDP forecast as recovery falters

UBS, Standard Chartered, Bank of America (BoA) and JPMorgan now expect China's GDP growth to be between 5.2% and 5.7% this year, down from an earlier range of 5.7% to 6.3%

UBS to take in Credit Suisse CEO as banks' merger closes within 2 weeks

UBS said Tuesday it's bringing the CEO of Credit Suisse on to its executive board and will keep the two banks operating separately for the foreseeable future as it moves forward with a high-profile merger expected to close within two weeks. The two Zurich-based banks, longtime rivals, are uniting in a $3.25 billion deal hastily arranged in March by Swiss government officials and regulators after Credit Suisse's stock plunged and jittery depositors quickly pulled out their money. The merger aimed to stem upheaval in the global financial system after the collapse of two U.S. banks that has shaken confidence in the sector. This is a pivotal moment for UBS, Credit Suisse and the entire banking industry," said UBS CEO Sergio Ermotti, who was brought back to the bank to help see the deal through. Together we will solidify and represent the Swiss model for finance around the world, one that is capital-light, less reliant on taking risk and anchored by stability and high-touch service, he .

Credit Suisse AT1 bondholders who lost $1.7 bn in UBS deal file lawsuits

Law firm Pallas Partners, which filed the suit in a Swiss court on April 18, said the Finma agency had no right to order the writedown and is seeking full compensation for its clients

Swiss parliament rebukes Credit Suisse rescue by rival bank UBS

While the upper house had approved the government's contribution to the rescue package, parliament's lower, and larger chamber, pushed back again on Wednesday

UBS Group weighs retaining Credit Suisse's private banking unit in India

Credit Suisse has just over 40 wealth management employees in India, and around 7,000 people overall in the country, according to a spokesperson for the bank

Swiss are on the hook for $13,500 each on Credit Suisse bailout

Govt to make as much as 109 billion Swiss francs available - a burden on the nation of 8.7 million

UBS on track for biggest gain since Mar 2020 post Credit Suisse takeover

UBS Group AG jumped as much as 10%, on track for its biggest gain since March 2020, as investor optimism about the takeover of its largest rival gathered pace

Top headlines: UBS needs RBI nod for C-Suisse, windfall tax on oil slashed

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US banking turmoil: Wipeout of risky bonds upends $275-billion market

UBS Group AG told Credit Suisse wealth bankers it's weighing financial sweeteners for them to stay as it seeks to reassure key staff following the takeover

Banking turmoil: Credit Suisse, UBS stocks see wild swings after deal

Credit Suisse nosedives 64%; UBS falls 15% in early trade but recovers later

UBS needs RBI approval to operate Credit Suisse as a bank in India

This is because UBS had surrendered its bank licence about a decade back after the banking regulator denied its request to offer wealth management services

Avoiding contagion

Credit Suisse collapse shows need to focus on stability

Here's how scandal and mistrust ended Credit Suisse's 166-year history

After tense talks over the weekend, UBS Group AG agreed to buy Credit Suisse in an all-share deal for about $3.25 billion, less than the market value of troubled US lender First Republic Bank

The one big winner and many losers of UBS's Credit Suisse rescue deal

After a weekend of frantic talks to forge a solution before markets opened in Asia, the firm struck a deal to buy its smaller rival for about $3.3 billion in an share deal

Credit Suisse meets to weigh options, under pressure to merge with UBS

Credit Suisse Chief Financial Officer Dixit Joshi and his teams will hold meetings over the weekend to assess strategic scenarios for the bank

Top headlines: UBS likely to buy C Suisse, direct tax collection up 15.3%

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Credit Suisse default swaps 18x UBS Group AG, 9x Deutsche Bank

One-year credit default swaps for the embattled Swiss lender were indicated at 835.9 basis points on Tuesday's close of business

China could control a third of the world's Lithium supply by 2025: UBS AG

The bank expects Chinese-controlled mines, including projects in Africa, to raise output to 705,000 tons by 2025, from 194,000 tons in 2022