UBS Group

In a surprising turn of events, UBS Group AG has made a rare upgrade call, lifting its recommendation on a key Chinese stock index to Overweight. As of 2 p.m. ET, Chinese equity tracking ETFs such as the iShares China Large-Cap ETF (NYSE:FXI) was trading up 1.52%, KraneShares CSI China Internet ETF...

U.S. Treasury yields have reached their highest levels since mid-November 2023, driven by a mix of economic resilience, persistent fiscal spending and resuming inflationary pressures. These factors are steering the market’s expectations away from earlier predictions of imminent Federal...

Switzerland's Financial Market Supervisory Authority (FINMA) will probe Credit Suisse Group AG (NYSE: CS) bank and potentially take disciplinary action against the financial services firm.  FINMA will probe how top managers ran the Credit Suisse bank in the lead-up to its...

Investors became anxious on Friday, as Deutsche Bank AG's (NYSE: DB) shares fell by as much as 14% following a string of bank failures and bailouts worldwide.  According to Reuters, Deutsche Bank fell 11.6% in Frankfurt trading while its U.S.-listed shares fell 6%. The drops...

Spartan Wealth Management announced a merger with UBS Group AG’s (NYSE: UBS) Financial Services Management team, 360° Wealth Management Group. Led by CEO Brian Mosallam, Spartan Wealth Management helps its higher net worth clientele with financial planning, investments, wealth management...

UBS Group (NYSE: UBS) has named former Morgan Stanley (NYSE: MS) President Colm Kelleher as its new chairman. A day before, Deutsche Bank (NYSE: DB) announced that it would nominate Dutch businessman Alexander Wynaendts as the next chairman of its supervisory board, following a turbulent decade for...

The Past Week, In A Nutshell What Happened: In an extension of the sharp rotation out of safety on a sustained economic rebound after the COVID-19 coronavirus pandemic, stretched sentiment propelled stocks to record closing highs. Remember This: “We are starting to see some extreme measures...

The Past Week, In A Nutshell What Happened: Last week ended negative on weakness concentrated in heavily-weighted index constituents. Remember This: “The Fed essentially acknowledged they were a bit behind the curve with their forecast on the economy, as projections needed tweaking to reflect...