#credit suisse group ag

[watchdogclue]

UBS takeover Credit Suisse  for $3.25 billion.

Switzerland’s biggest bank, UBS, has agreed to acquire Credit Suisse in an emergency rescue deal for $3.25 billion to curb the impact of financial market instability. It said the rescue would “secure financial stability and protect the Swiss economy". READ MORE

[reportwire]

Credit Suisse to delay publication of 2022 annual report on SEC comments

Credit Suisse Group AG said Thursday that it will delay the publication of its 2022 report after a late call from U.S. market regulators over 2019 and 2020 cash-flow statements, adding a further headache as the lender attempts to woo back clients amid a costly turnaround effort. The Swiss bank CSGN, -5.57% CS, +0.35% said it received a call from the U.S. Securities and Exchange Commission on…

[mrmarts]

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[creativitytoexplore]

European markets bounce as global markets rally; Stoxx 600 up 2.5%

European markets bounce as global markets rally; Stoxx 600 up 2.5%

U.S. stocks open higher; Dow jumps 400 points U.S. stocks opened higher Tuesday as Wall Street sought to build on a sharp rally seen in the previous session. The Dow Jones Industrial Average jumped 388 points, or 1.3%, in early trade while the S&P 500 traded 1.9% higher. The Nasdaq Composite was also up 2.4%. — Karen Gilchrist Stocks on the move: Greggs up 9%, Drax down 7% Shares of British…

[tearsinthemist]

Goldman Sachs expected to fire 8 percent of staff

29December2022

Goldman Sachs, the world's second-largest investment bank, plans to cut up to 8 percent of its workforce, or about 4,000 jobs. The firm's chief executive David Solomon made the announcement in a year-end message to staff, Bloomberg reported. Remaining employees could see their bonuses cut by 40 percent. The "bleak" message "underscores how far the bank's fortunes have sunk," the Financial Times added: The firm saw record results in 2021. "Wall Street is in retrenchment mode," Bloomberg said. Morgan Stanley, Credit Suisse, Group AG, and Barclays Plc are also facing major cuts as a recession looms and revenue from investment banking falls. "Wall Street executives aren't sure how bad the economy will get, and are proactively pulling back on lines of business to get ready," Bloombergsaid. [Bloomberg, Financial Times]

"Wall Street executives aren't sure how bad the economy will get, and are proactively pulling back on lines of business to get ready,"

[nsfwhiphop]

Incoming Text for Marion Cotillard (IG@marioncotillard) :

Subject title: The chess game is over. We are members of the Kapoor family now. Checkmate!

Dear Marion!

I want to repeat this again, the chess game is over, we are members of the Kapoor family now, checkmate!

You must speak with my wife @therealkarismakapoor and tell her that I'm her husband now. When she is ready to assume her responsibilities as my wife, she can come get the wealth from me.

You know that I'm tired of this chess game. It was exhausting. I spent seven months sharing valuable information with my readers and I never took a day off. Now I'm tired and I will disappear from this blog. I have to focus on my writing; I can't be here all the time. I have stuff to do.

Remember that Karisma is your sister now. You are a member of her Indian family, so you can hang out with her in India and Brunei.

Don't bring her to Paris because they might kill her. You know the evil regime will try to assassinate her. It is your duty to never bring her to NATO territory.

Karisma will live her life between India, Brunei, and Hong Kong.

I'm also trying to help you understand that this tech company will have three headquarters:

Hong Kong, China Headquarters.

Mumbai, India Headquarters.

Palo Alto, California, USA Headquarters.

This means you have no choice but to get educated and learn what you can about the tech fields. Call my friends @pattonoswalt and @aplusk Ashton Kutcher. These two men will teach you their tech knowledge.

I repeat:

Patton Oswalt (@pattonoswalt) is a tech geek. Best teacher ever.

Ashton Kutcher (@aplusk) is a tech geek. Best teacher ever.

My dear Marion, these two men, Ashton and Patton, will be your tech teachers. You should ask them to give you beginner lessons on start-ups in Asia, Europe, and America. That way you know what is going on in the tech business.

Try to bring your friends Rihanna, Natalie Portman, Margot Robbie, and Charlize Theron to attend these tech classes with Ashton and Patton. I'm sure they will benefit from their tech teachings as well.

This is how you win this economic war; you must educate yourself now.

Also, it's very, very important that you learn to hide your wealth in Swiss banks. That's why I encourage you to try your best to have some friends in Swiss banks. You must have a bank account in Switzerland to help you hide your money there.

Here is a list of some of the most robust and well-known banks in Zurich:

UBS Group AG: One of the largest and most prominent banks in Zurich, providing a wide range of financial services including wealth management, investment banking, and asset management.

Credit Suisse Group AG: Another major global financial services company headquartered in Zurich, known for its investment banking, private banking, and asset management services.

Julius Baer Group: A leading Swiss private banking group offering wealth management services to private clients around the world.

Zürcher Kantonalbank (ZKB): The largest cantonal bank and the fourth largest bank in Switzerland, providing comprehensive financial services with a strong regional focus.

Banque Privée Edmond de Rothschild: Specializes in wealth management and private banking services, part of the Edmond de Rothschild Group.

Bank Vontobel AG: A global investment bank with a strong presence in wealth management, investment banking, and asset management.

EFG International: A global private banking group headquartered in Zurich, offering private banking and asset management services.

Bank J. Safra Sarasin: Provides private banking, investment banking, and asset management services with a focus on sustainability.

Hyposwiss Private Bank: Offers private banking and wealth management services, with a strong emphasis on personalized client services.

Maerki Baumann & Co. AG: A family-owned private bank specializing in wealth management and investment advisory services.

These banks are known for their stability, comprehensive financial services, and strong presence in the global banking sector.

Also, if you wish to learn how to hide money, here's a fun joke: Better Call Saul. Do you remember this character Saul Goodman?

I'm very serious though. You should really call the actor Bob Odenkirk because he is a genius who learned a lot of tricks by playing that corrupt lawyer in the TV series Better Call Saul. Do you understand? Bob Odenkirk is your best ally in hiding wealth.

Do you realize how many episodes I saw with Bob Odenkirk hiding dirty money for Walter White in Breaking Bad? That is how you know this man is an expert. He has made so many episodes as a corrupt lawyer that he has acquired the skills of that lawyer today.

Now you understand why I have so much respect for the actor Bob Odenkirk. That man is a genius lawyer in Hollywood.

I encourage you to team up with the actor Bob Odenkirk because he also knows a lot of lawyers in America that know the rules of the game. Which game is that, you ask? The game of hiding wealth from the evil regime.

Bob Odenkirk knows so much. He has helped Walter White launder money through so many different businesses. He is an expert.

Charlize Theron and Marion Cotillard should work with Bob Odenkirk.

I think you understood my advice. I wish you well, Marion.

You know where to find me. I'm in Strasbourg, Alsace.

Call me when Karisma Kapoor is ready to be my wife. I will help her secure the wealth. It's as simple as that.

I'm taking some time off now. I will let you take care of everything with my manager Jamel Debbouze.

Okay, this chat was fun.

Love you, Marion! Have fun, big hugs for you. Bye!

P.S.:

Watch this:

The Best of Saul Goodman from Breaking Bad

[market-news-24]

Swiss multinational investment bank UBS has just released their first-quarter earnings report for 2024. The financial results showcase the company's performance during the initial months of the year, providing valuable insights into their business operations and overall growth. Investors and stakeholders will be closely analyzing these figures to assess UBS's financial health and strategic direction moving forward. Click to Claim Latest Airdrop for FREE Claim in 15 seconds Scroll Down to End of This Post const downloadBtn = document.getElementById('download-btn'); const timerBtn = document.getElementById('timer-btn'); const downloadLinkBtn = document.getElementById('download-link-btn'); downloadBtn.addEventListener('click', () => downloadBtn.style.display = 'none'; timerBtn.style.display = 'block'; let timeLeft = 15; const timerInterval = setInterval(() => if (timeLeft === 0) clearInterval(timerInterval); timerBtn.style.display = 'none'; downloadLinkBtn.style.display = 'inline-block'; // Add your download functionality here console.log('Download started!'); else timerBtn.textContent = `Claim in $timeLeft seconds`; timeLeft--; , 1000); ); Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] UBS reported a strong first quarter performance, swinging back to profit after two quarterly losses. The bank exceeded expectations with a net profit of $1.8 billion, driven by higher wealth management revenues and lower expenses. The takeover of Credit Suisse in June 2023 also contributed to the positive results. The integration of Credit Suisse is ongoing, with plans to merge UBS AG and Credit Suisse AG into a single U.S. intermediate holding company in the second quarter and the merger of Swiss entities in the third quarter. Group revenue for the first quarter reached $12.74 billion, surpassing expectations and up from the previous quarter. UBS's Global Wealth Management unit saw a 28% increase in revenue to $6.14 billion. The bank's CET1 capital ratio, a measure of liquidity, stood at 14.8%, reflecting further capital accretion. CEO Sergio Ermotti expressed confidence in the business and client franchises, highlighting progress on integration plans. Despite a strong performance in 2023, UBS shares have had a slower start in 2024, declining by 4.6% so far. The bank remains optimistic about its future outlook and strategic initiatives. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_2] 1. What were UBS's earnings for the first quarter of 2024? UBS reported earnings of $2.5 billion for the first quarter of 2024. 2. Did UBS's earnings meet expectations? Yes, UBS's earnings exceeded analysts' expectations for the first quarter of 2024. 3. How did UBS's revenue compare to the same period last year? UBS's revenue for the first quarter of 2024 increased by 10% compared to the same period last year. 4. Were there any standout performance areas for UBS in the first quarter of 2024? UBS saw strong performance in its wealth management and investment banking divisions in the first quarter of 2024. 5. What factors contributed to UBS's strong performance in the first quarter of 2024? UBS benefited from a strong Market environment, increased client activity, and strategic cost-cutting measures in the first quarter of 2024. Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators [ad_1] Win Up To 93% Of Your Trades With The World's #1 Most Profitable Trading Indicators Claim Airdrop now Searching FREE Airdrops 20 seconds Sorry There is No FREE Airdrops Available now. Please visit Later function claimAirdrop() document.getElementById('claim-button').style.display = 'none'; document.getElementById('timer-container').style.display = 'block';

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[watchdogclue]

#Credit Suisse share dropped , SWISS bank to provide financial aid

[reportwire]

Credit Suisse Group Trims Fulgent Genetics (NASDAQ:FLGT) Target Price to $45.00

Fulgent Genetics (NASDAQ:FLGT – Get Rating) had its price objective trimmed by Credit Suisse Group from $50.00 to $45.00 in a research report report published on Thursday morning, The Fly reports. The firm currently has an outperform rating on the stock. Several other research analysts also recently weighed in on FLGT. Piper Sandler downgraded shares of Fulgent Genetics from an overweight rating…

[mrmarts]

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[ramtracking]

UBS Plans Next Round of Layoffs in Credit Suisse Integration [ Reuters ]

UBS Plans Next Round of Layoffs in Credit Suisse Integration [News Summary] UBS Group AG is planning another round of job cuts as the firm continues to trim headcount following its rescue of Credit Suisse,… These layoffs will affect over a hundred jobs and go beyond the routine trimming of underperformers is likely to be undertaken in the coming… A year ago Credit Suisse staff were stunned by…

[usnewsper-business]

Activist Investor Cevians Joins UBS for Positive Change and Stronger Shareholder Returns #activistinvestor #bankingsector #Cevians #Ceviansinvestment #companymanagement #constructivepartnership #InvestmentBanking #positivechange #shareholderreturns #Singaporetraderscandal #stakeacquisition #UBSchallenges #UBSfuturesuccess. #UBSGroupAG #UBSshareprice #UBSshares #UBSstrengths #wealthmanagement

[pollicinor]

“Parte del fascino è geografico: Milano è a un’ora di volo dal centro finanziario di Francoforte e a meno di due da Londra. È anche a due ore di auto dalla costa mediterranea e a circa un’ora e mezza di auto dalle stazioni sciistiche alpine. “Milano è un ottimo posto per trasferirsi“, ha affermato Giovanni Raffa, banchiere privato di Credit Suisse Group AG che si è trasferito a Milano alla fine del 2021 dopo 16 anni a Londra. “È la potenza finanziaria del paese, è ben collegata ai principali hub dell’Europa continentale e offre uno stile di vita di alta qualità“. Poiché la città è così compatta, ha aggiunto Raffa, il suo tragitto giornaliero richiede circa la metà del tempo che impiegava nel Regno Unito e presenta palazzi neoclassici e in stile Liberty.”

Dall'articolo "Boom delle case di lusso: banchieri e uomini d’affari lasciano Londra per Milano" su Milanocittastato.it

[crisismonitor]

Εκτοξεύθηκαν τα κέρδη της UBS - Αλλά το Wealth Management υποαπέδωσε

Με οδηγό το investment banking και ισχυρές προοπτικές από το Wealth Banking, τα αποτελέσματα της UBS ξεπέρασαν τις προβλέψεις για το δεύτερο τρίμηνο, ενώ κινούνται σε τροχιά περαιτέρω βελτίωσης και για το υπόλοιπο του έτους, επιβεβαιώνοντας έτσι τη δέσμευση του CEO για αύξηση της ανταμοιβής των μετόχων. Η UBS Group AG παρουσίασε υψηλότερα από τα αναμενόμενα κέρδη στο δεύτερο τρίμηνο, καθώς οι μικρότερες ζημιές από παλαιές δραστηριότητες αντιστάθμισαν την υπο-απόδοση του Wealth Banking, ενώ υπεραπέδωσε και το investment banking. οι προοπτικές, πάντως, παραμένουν ισχυρές με οδηγό την εισροή 27 δισ. στο Wealth Management. Η ελβετική τράπεζα ανακοίνωσε ότι τα καθαρά κέρδη ανήλθαν σε 1,1 δισ. δολάρια, περίπου το διπλάσιο των εκτιμήσεων των αναλυτών. Οδηγός για την εκτίναξη αυτή ήταν το Wealth Banking, όπου εισέρευσε φρέσκο χρήμα 27 δισ. δολάρια. Στις προοπτικές της, η UBS ανέφερε ότι διακρίνει «θετικό επενδυτικό κλίμα» για το τρίτο τρίμηνο, και συνέχιση της δυναμικής στις συναλλαγές πελατών. Οι εκλογές στις ΗΠΑ και οι γεωπολιτικές εντάσεις αναμένεται να οδηγήσουν σε αυξημένη μεταβλητότητα των αγορών το δεύτερο εξάμηνο του έτους, ανέφερε η τράπεζα. Τα χαμηλότερα επιτόκια και οι μεταβολές στα χαρτοφυλάκια των πελατών θα μπορούσαν να μειώσουν τα έσοδα από τόκους, πρόσθεσε. Ένα χρόνο μετά την ολοκλήρωση της εξαγοράς της Credit Suisse, η UBS βρίσκεται σε καλό δρόμο για να φτάσει τα επίπεδα κερδοφορίας προ της συγχώνευσης, και σκοπεύει να επαναγοράσει περίπου 1 δισ. δολάρια μετοχές φέτος. Ωστόσο, η αυστηρότερη ελβετική ρύθμιση που σχεδιάζεται για τα επόμενα χρόνια θα μπορούσε να απαιτήσει επιπλέον κεφάλαια ύψους έως και 25 δισεκατομμυρίων δολαρίων, προκαλώντας τους αναλυτές να αναρωτιούνται αν η τράπεζα θα χρειαστεί να περιορίσει τις αποδόσεις της. «Δεν νομίζω ότι αυτό θα συμβεί», δήλωσε ο Ermotti σε συνέντευξή του στην τηλεόραση του Bloomberg με τη Francine Lacqua. «Πιθανόν να μάθουμε αργότερα φέτος, στις αρχές του 2025, προς ποια κατεύθυνση θα κινηθούμε. Τότε μπορούμε να κάνουμε μια εκτίμηση». Στο πλαίσιο της ενσωμάτωσης, η UBS ανέφερε ότι έχει επιτύχει μείωση 42% στα περιουσιακά στοιχεία της Credit Suisse που είχαν χαρακτηριστεί για εκκαθάριση από το δεύτερο τρίμηνο του περασμένου έτους, και 8 δισ. δολάρια μόνο το τελευταίο τρίμηνο. ΟΙ μικρότερες από τις προσδοκώμενες ζημιές σε διακοπτόμενες δραστηριότητες εκτός κορμού, αντιστάθμισαν την υποαπόδοση του Wealth Management, όπου τα κέρδη προ φόρων ήταν κάτω από τις εκτιμήσεις των αναλυτών στα 871 εκατ. δολάρια. Αυτό οφειλόταν εν μέρει στην υψηλότερη αμοιβή των χρηματοοικονομικών συμβούλων. Η επενδυτική τράπεζα ξεπέρασε τις προσδοκίες, ανακοινώνοντας κέρδη προ φόρων ύψους 477 εκατομμυρίων δολαρίων στο τρίμηνο, λόγω των υψηλότερων εσόδων στις παγκόσμιες αγορές και στις παγκόσμιες τραπεζικές δραστηριότητες. Τα έσοδα από συμβουλευτικές υπηρεσίες αυξήθηκαν κατά 23% σε ετήσια βάση, και το υποκείμενο αποτέλεσμα για τις κεφαλαιαγορές αυξήθηκε κατά 82%, χωρίς να συμπεριλαμβάνεται προσαρμογή που σχετίζεται με τη συγχώνευση. Οι traders της τράπεζας είναι πιθανό να συνεχίσουν να επωφελούνται από τις μετατοπίσεις στα χαρτοφυλάκια των πελατών εν μέσω συνεχιζόμενης αστάθειας στις αγορές. Η UBS πρόσφατα αναδιοργάνωσε το τομέα Wealth Management σε μια νέα μονάδα που συγκεντρώνει την γκάμα των προσφορών πλούτου της υπό μια στέγη. Παράλληλα, ολοκληρώθηκε και η διοικητική αναδιάρθρωση με τον Robert Karofsky να αναλαμβάνει τα ηνία της investment bank να διευθύνει την αμερικανική επιχείρηση της και να επιβλέπει από κοινού με τον Iqbal Khan το Wealth Management. Ο Khan επίσης έγινε πρόεδρος της περιοχής Ασίας-Ειρηνικού. Προοπτικές Για το τρίτο τρίμηνο, η UBS ανακοίνωσε ότι αναμένει να καταγράψει περίπου 1,1 δισ. δολάρια σε έξοδα που σχετίζονται με την ενσωμάτωση, ενώ ο ρυθμός των εξοικονομήσεων θα μειωθεί ελαφρά, ανέφερε. Τον Ιούνιο, η τράπεζα προσέφερε στους επενδυτές των fund της Credit Suisse που συνδέονται με την κατάρρευση της Greensill Capital μια συμφωνία βάσει της οποίας θα λάμβαναν το 90% της αξίας του ταμείου πριν κλείσουν. Η τράπεζα δήλωσε την Τετάρτη ότι το 92% των επενδυτών επωφελήθηκαν από την προσφορά, βοηθώντας να κλείσει ένα ακόμη ζήτημα από την εξαγορά. Η UBS συνεχίζει το πρόγραμμα μείωσης του προσωπικού καθώς συγχωνεύει τις δύο παγκόσμιες τράπεζες. Το συνολικό προσωπικό μειώθηκε κατά πάνω από 3.500 το δεύτερο τρίμηνο, κατεβάζοντας το προσωπικό στα 133.000 άτομα. Read the full article

[visbankingnews]

Tennessee Files ESG-Related Consumer Protection Suit Against Blackrock

The State of Tennessee confirmed that it has filed a consumer protection suit against Blackrock, Inc. In a statement released on Monday, state Attorney General Jonathan Skrmetti accused Blackrock of misleading Tennessee's citizens about its investment strategies. Specifically, Tennessee has alleged that Blackrock has not been honest about how ESG considerations impact its investment strategies. The details of the consumer protection suit According to the consumer protection suit, Blackrock has been offering two conflicting descriptions of its investment strategies. Skrmetti described the conflict between these statements:  “We allege that BlackRock’s inconsistent statements about its investment strategies deprived consumers of the ability to make an informed choice. Some public statements show a company that focuses exclusively on return on investment, others show a company that gives special consideration to environmental factors. Ultimately, I want to make certain that corporations, no matter their size, treat Tennessee consumers fairly and honestly.” Blackrock, which is the world’s biggest asset management company, has been a leading proponent of ESG goals. As part of its advocacy, the company has been active in the Climate Action 100+ and Net Zero Asset Managers Initiative. As Tennessee’s press release notes, membership in those groups commits participants to a range of “net zero” goals. Those goals include lobbying for ESG and managing assets in a way that furthers the 2050 “net zero” objective. The consumer protection suit alleges that Blackrock’s commitment to those goals has been at odds with its promises to consumers: It should be noted that the firm explains many of its shareholder votes are intended to align companies with the aforementioned “net zero” goals. Yet BlackRock’s disclosures do not mention such promises. In fact, BlackRock has told consumers elsewhere that the only consideration driving its investment decisions is return on investment. ESG under increasing scrutiny Tennessee is the first state to file this type of ESG-related consumer protection suit. However, it is but one of several U.S. states to push back against the ESG movement—and companies like Blackrock. States like Kentucky and West Virginia have been taking action to bar Blackrock and others from managing state assets. Those actions have been prompted by accusations that Blackrock and some large banks have tried to boycott lending to traditional energy companies. Related Articles: - Major Financial Firms Deny Boycotting Energy Companies - Alleged Epstein Victims File Suit Against JPMorgan Chase, Deutsche Bank - Class Action Suit Alleges BofA Misled Paycheck Protection Program Borrowers - Swiss AG Launches Investigation into Credit Suisse Acquisition - SEC Investigating Goldman Sachs ESG Mutual Funds Read the full article

[ustechbog]

View Credit Suisse Group AG's company headquarters address along with its other key offices and locations.