U.S. stocks won’t bottom out until the middle of next year as the Federal Reserve pivots back to lowering interest rates, according to Arend Kapteyn, an economist at UBS Group Read more
Tag: UBS Group AG
UBS offices in Germany raided, allegedly over ties to Russian oligarch
Officials in Germany on Tuesday searched the Munich and Frankfurt offices of Swiss banking giant UBS Group AG, a move that some media reports said was linked to ties with Read more
UBS reports forecast- beating net profit of $1.73 billion, $8.24 billion in revenue
UBS Group AG on Tuesday said its third-quarter profit and revenue beat expectations amid a challenging market, as higher interest rates partly offset the impact of lower client activity at Read more
Big banks to pay nearly $2 billion for ‘widespread and longstanding failures’ in keeping text-message records
Nearly a dozen financial institutions agreed to pay more than $1.8 billion collectively for failing to properly collect employees’ text messages for their records, the Securities and Exchange Commission and Read more
UBS to raise 2022 dividend
UBS Group AG said Tuesday that it will raise the accrual for the 2022 ordinary dividend to $0.55 a share from $0.51. The adjustment marks an increase of 10% from Read more
A strong dollar is stirring trouble in markets: What investors need to know
Last week, the U.S. dollar etched a new entry in the financial history books when it briefly traded above parity with the euro EURUSD, -0.51% for the first time in Read more
Ex-JPMorgan metals traders face trial on racketeering charges
Three former JPMorgan Chase employees faced a federal trial in Chicago on Friday on accusations they helped turn their trading desk into a criminal enterprise that faked precious metals futures orders to manipulate prices. The bank’s JPM, -0.31% former global precious Read more
Stagflation, reflation, soft landing or a slump — what Wall Street expects in the second half of 2022
As the first half of 2022 draws to a close, Wall Street investment banks and their legions of strategists have been busy telling clients what they should expect in the Read more