UBS Group AG (UBS) has achieved a milestone in its integration with Credit Suisse by finalizing the previously announced merger of UBS AG and Credit Suisse AG. The merger was completed within the planned timeline, thanks to significant backing from regulators around the world.Shares of UBS Group rose 2.1% with the announcement of the deal's closure.The acquisition is expected to allow UBS Group to fortify its position as a preeminent global wealth manager.Merger & Other DetailsFollowing this merger, Credit ...

Scorching-hot tech powerhouse Nvidia (NASDAQ:NVDA) saw its shares incur a rare dip on Thursday. This volatility comes following a CNBC report that one customer provides the lion’s share of top-line contributions. While very few experts are skeptical about NVDA stock, the underlying enterprise has a dependency challenge.UBS analysts speculated in a research note that Nvidia’s mystery customer may be Microsoft (NASDAQ:MSFT). The research arm of the Wall Street banking giant stated that it analyzed the semicon ...

From left to right: Johan Pihl, Doconomy's chief creative officer and co-founder, and Mathias Wikstrom, chief executive officer and co-founder.DoconomySwedish climate-focused financial technology startup Doconomy told CNBC on Thursday that it's raised 34 million euros ($36.9 million) from leading European banks, including UBS and Commerzbank.Doconomy, which offers tools to help bank customers measure the carbon footprint of their everyday spending, raised the cash in a Series B financing round co-led by UBS ...

The three keys USB logo is seen outside the London office of Swiss bank UBS in central London, on March 20, 2023.LONDON — UBS on Thursday announced a shake-up of its executive board in the latest phase of a radical overhaul of the Swiss banking giant, following its takeover of fallen rival Credit Suisse.A newly split global wealth management division, led by co-presidents Iqbal Khan in Asia-Pacific and Rob Karofsky in the U.S., sees the bank double down across the two geographies as part of what it has dubb ...

Neils ChristensenNeils Christensen has a diploma in journalism from Lethbridge College and has more than a decade of reporting experience working for news organizations throughout Canada. His experiences include covering territorial and federal politics in Nunavut, Canada. He has worked exclusively within the financial sector since 2007, when he started with the Canadian Economic Press. Neils can be contacted at: 1 866 925 4826 ext. 1526 nchristensen at kitco.com @Neils_cShareDisclaimer: The views expressed ...

UBS Group AG (UBS) is well-positioned for growth, driven by its strategic acquisition of Credit Suisse, strong capital position and digitalization efforts. Additionally, its business restructuring initiatives will support its financials in the long run.The Zacks Consensus Estimate for UBS Group’s 2024 and 2025 earnings have been revised upward by 6.8% and 2.4%, respectively, over the past 60 days. This indicates that analysts are optimistic regarding its earnings growth potential. UBS currently carries a Za ...

ATLANTA, May 20, 2024 (GLOBE NEWSWIRE) -- Aveanna Healthcare Holdings Inc. (“Aveanna”) (NASDAQ: AVAH) today announced that its management team will attend the UBS Healthcare Services Cape Cod Summit in Chatham, MA on Tuesday, June 4, 2024, and the Jefferies Global Healthcare Conference in New York on Wednesday, June 5, 2024. Management will host 1x1 investor meetings at the UBS Healthcare Services Summit on June 4, 2024. For the Jefferies Global Healthcare Conference on June 5, 2024, management will host 1x ...

FOSTER CITY, Calif., May 17, 2024 (GLOBE NEWSWIRE) -- Terns Pharmaceuticals, Inc. (“Terns” or the “Company”) (Nasdaq: TERN), a clinical-stage biopharmaceutical company developing a portfolio of small molecule product candidates to address serious diseases, including oncology and obesity, today announced that members of senior management will be participating in a virtual fireside chat at UBS Obesity Therapeutics Day on Thursday, May 23, 2024 at 1:00 p.m. ET. A live webcast of the fireside chat will be avail ...

Swiss Bank UBS Group (UBS) is back above the 10-week moving average as it forms a cup base. Bank stocks have rallied since April after some big institutions reported strong earnings and interest rates remain high.X Zurich-based UBS Group provides wealth and asset management services and banking services to institutional, corporate and private clients. UBS took over failed Credit Suisse in March 2023. One year later, Swiss authorities are revisiting its capital requirements. Recent reports say regulators wan ...

Traders work on the floor of the New York Stock Exchange during morning trading on April 29, 2024 in New York City. Michael M. Santiago | Getty ImagesEuropean stocks are now more attractive than their U.S. counterparts, according to Swiss Bank UBS, with factors such as economic data, interest rates and earnings playing a key role.In a note entitled: "A U-Turn: Favouring Europe over US equities," the bank's strategists said European stocks excluding the U.K. now outrank the U.S. on its "regional scorecard." ...