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American Express acquires full ownership of Swisscard from UBS

American Express has acquired UBS's 50% stake in Swisscard, making it the sole owner of the credit card provider. This transition will not affect existing cardholders immediately, as Swisscard will continue to issue cards under American Express, Mastercard, and Visa licenses. Credit Suisse cardholders will be migrated to UBS's platform by mid-2025, with a seamless transition promised.
TradingView
UBS SA American Express Company Visa Inc. Credit Suisse Anlagestiftung CHE Show more
TradFi, Market Report
09:52 21.10.2024

ubs sells stake in swisscard to american express

UBS has sold its 50% stake in Swisscard to American Express, making Amex the sole owner of the credit card services provider. Swisscard operates under various brands, including American Express, Mastercard, and Visa. This move marks a significant shift in the ownership structure of the joint venture.
Seeking Alpha
UBS SA American Express Company CHE
TradFi, News Article
09:45 21.10.2024

elon musk faces scrutiny over million dollar gifts to voters in battleground states

Elon Musk faces scrutiny for his plan to give away $1 million daily to registered voters in battleground states, potentially violating election laws. Critics, including Pennsylvania Governor Josh Shapiro and law professor Rick Hasen, express concerns that this could incentivize voter registration, which is illegal under U.S. election law. Musk's initiative, linked to his support for Donald Trump, aims to raise awareness for a petition promoting "freedom of expression and the right to bear arms."
Tages-Anzeiger
United States Dollar Euro Tesla, Inc. USA Elon Musk Josh Shapiro Donald Trump Kamala Harris Rick Hasen Show more
Regulatory & Legal, News Article
09:42 21.10.2024

social security contributions to rise significantly for high earners in 2025

In 2025, employees may face an increase of up to 1320 euros in social security contributions due to rising health and long-term care insurance rates. The contribution assessment ceiling will rise, primarily impacting high earners, with the average additional health insurance contribution increasing by 0.8 percentage points. This change aims to address funding issues in pensions and social systems, as the government seeks to ensure equitable contributions from wealthier individuals.
merkur.de
Euro DRV 1890 GmbH DEU Verena Bentele Karl Lauterbach Hubertus Heil Show more
Finance & Economy, News Article
09:39 21.10.2024

healthtech growth accelerated by pandemic transforming healthcare solutions rapidly

Healthtech has seen remarkable growth in recent years, significantly accelerated by the pandemic, which has driven the rapid adoption of digital solutions in healthcare. This shift has enabled the sector to achieve advancements that typically would have taken 5 to 10 years in just a few months. Analysts project continued expansion in this booming industry.
La Vie éco
United States Dollar Apple Inc. MAR
Technology & Innovation, News Article
09:33 21.10.2024

ubs shares decline as investors react to latest financial updates

UBS shares fell by 0.4% to CHF 28.36 in early trading, marking a decline from a 52-week high of CHF 28.78 reached on June 3, 2024. The company reported a 38.06% increase in turnover to CHF 19.76 billion for the last quarter, with an EPS of CHF 0.32, while the dividend forecast for this year is USD 0.823. Investors can expect the Q3 2024 balance sheet on October 30, 2024.
finanzen.ch
United States Dollar Swiss Franc UBS SA CHE Carsten Spohr
TradFi, Market Report
09:29 21.10.2024

ubs sells stake in swisscard to american express as part of divestment strategy

UBS is selling its 50% stake in credit card provider Swisscard AECS to American Express, as part of its divestment strategy following the acquisition of Credit Suisse. Swisscard, which issues American Express, Mastercard, and Visa cards, will transition Credit Suisse clients to UBS's credit card platform, with new cards expected to be issued in early 2025. UBS aims to cut costs by $13 billion by 2026 while integrating Credit Suisse's operations.
ch.marketscreener.com
United States Dollar UBS SA American Express Company Credit Suisse Anlagestiftung CHE John Revill Oliver Hirt Show more
TradFi, News Article
09:22 21.10.2024

ubs sells stake in swisscard to american express as part of divestment strategy

UBS is selling its 50% stake in credit card provider Swisscard AECS to its joint venture partner, American Express, as part of its divestment strategy following the acquisition of Credit Suisse. Swisscard, which issues American Express, Mastercard, and Visa cards, will transition Credit Suisse clients to UBS's credit card platform, with new cards expected to be issued in the first half of 2025. UBS aims to cut costs by approximately $13 billion by the end of 2026.
MarketScreener
United States Dollar UBS SA American Express Company Credit Suisse Anlagestiftung CHE John Revill Oliver Hirt Show more
TradFi, News Article
09:22 21.10.2024

growth of implantable medical devices driven by innovation and market demand

The implantable medical devices market is set to grow from USD 126.3 billion in 2024 to USD 146.81 billion by 2031, with a CAGR of 6.8%. This growth is fueled by rising chronic disease prevalence and favorable reimbursement policies, particularly for pacemakers, with North America holding a 43% market share. Key innovations like 3D printing and wireless connectivity are transforming patient care, making these devices essential in modern healthcare.
openPR.com
United States Dollar
Healthcare, Market Report
09:11 21.10.2024

ubs sells stake in swisscard to american express amid credit suisse divestment

UBS is divesting its 50 percent stake in Swisscard AECS, a credit card provider acquired from Credit Suisse, to its joint venture partner, American Express. Founded in 1998, Swisscard issues American Express, Mastercard, and Visa cards to Credit Suisse customers, who will transition to UBS's credit card platform. This move is part of UBS's strategy to streamline operations and achieve $13 billion in cost reductions by 2026.
finanzbusiness.de
United States Dollar UBS SA American Express Company Swisscard AECS AG Credit Suisse Anlagestiftung CHE Show more
TradFi, News Article
09:06 21.10.2024
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