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radicant partners with numarics to enhance services for small businesses

Radicant, a subsidiary of Basellandschaftliche Kantonalbank (BLKB), is merging with fintech Numarics to enhance its offerings for small and medium-sized enterprises (SMEs) and private clients. The partnership aims to create a fully integrated suite of banking and administrative services, with a goal of achieving breakeven by 2027/2028. Anton Stadelmann will remain CEO, while Numarics co-founder Kristian Kabashi will become COO, as the merged entity seeks to broaden its market presence and investor base.
finews.com
Swiss Franc UBS SA Basellandschaftliche Kantonalbank CHE Thomas Schneider Dominique Rey Kristian Kabashi Show more
Finance & Economy, Press Release
05:47 17.10.2024

ubs downgrades srf to sell citing growth challenges and market pressures

UBS Securities has downgraded SRF to 'sell' from 'buy', reducing its price target by over 22% to Rs 2,100, indicating a potential downside of 9%. The downgrade is attributed to ongoing growth challenges, sluggish agrochemical demand, and weak pricing for refrigerant gases, particularly as Chinese manufacturers gain market share. The US refrigerant gas market is facing weak demand due to high channel filling last year, exacerbating SRF's challenges.
Moneycontrol
United States Dollar UBS SA IND
TradFi, Market Report
05:34 17.10.2024

finma seeks new powers to manage potential crises at ubs

The Swiss Financial Market Supervisory Authority (FINMA) is seeking new powers to intervene in UBS during a crisis, allowing for the sale or winding down of individual business areas. This move aims to enhance stability and reduce reliance on full bank rescues, as seen in the Credit Suisse crisis. However, it may complicate UBS's integration of Credit Suisse and hinder its competitiveness against larger American banks.
Neue Zürcher Zeitung
United States Dollar Credit Suisse Anlagestiftung BlackRock, Inc. UBS SA CHE Sergio Ermotti Stefan Walter Show more
TradFi, News Article
05:30 17.10.2024

srf downgraded to sell by ubs amid growth and market challenges

UBS has downgraded SRF Ltd. to a 'sell' rating from 'buy', citing ongoing growth challenges in key segments and reducing the target price to Rs 2,100 per share, an 8.77% downside. The chemical segment, which contributes 70% of Ebitda, is expected to underperform, while the agro-chemical sector faces pressures from falling crop prices and competition in the refrigerant gas market. Earnings are projected to decline by 20-22% for fiscal years 2025 and 2026.
NDTV Profit
United States Dollar UBS SA IND
TradFi, Market Report
05:25 17.10.2024

blue cross blue shield agrees to 2.8 billion antitrust settlement

Blue Cross Blue Shield has reached a tentative $2.8 billion settlement to resolve an antitrust lawsuit from providers claiming unfair reimbursement practices. The settlement, stemming from a 2012 complaint, addresses allegations of market division and price-fixing among BCBS members. Approval from the U.S. District Court is pending, and the agreement aims to improve claims processing and reduce administrative burdens for providers.
Healthcare Finance News
United States Dollar Blue Cross Blue Shield of Michigan USA PRI Whatley Kallas
Regulatory & Legal, News Article
05:23 17.10.2024

Atos Origin ADR shares show slight recovery amid significant annual decline

Atos Origin ADR shares saw a slight increase of 0.41% to USD 0.1225 on October 17, 2024, despite an annual decline of 88.44%. The company's market capitalization is EUR 69.5 million, with key financial ratios indicating significant challenges, including a P/S ratio of 0.01 and negative P/E and P/CV ratios. Investors face urgent decisions regarding buying or selling amid ongoing restructuring efforts.
Börse Express
Euro Atos SE FRA
Finance & Economy, Market Report
05:09 17.10.2024

Bergos partners with Leonteq to enhance structured product offerings

Leonteq and Swiss private bank Bergos have announced a partnership to develop and distribute structured products through a white-label issuance model. Bergos will leverage Leonteq's technology platform to evaluate and trade products guaranteed by the bank, with the first offerings expected later this year, pending regulatory approvals. Bergos, based in Zurich, manages client assets totaling 7.3 billion Swiss francs and focuses on private wealth management.
finews.com
Swiss Franc Leonteq AG Private Bank Bergos CHE Peter Raskin
Finance & Economy, Press Release
05:06 17.10.2024

ubs downgrades srf to sell amid fading recovery hopes

UBS has downgraded SRF Ltd's stock rating from BUY to SELL, reducing the target price from Rs 2700 to Rs 2100, citing fading recovery hopes and prolonged growth difficulties. The stock has seen a 7% decline over the past two weeks, closing at Rs 2303.30, with a significant year-on-year profit drop of 29.8% reported for the last quarter. Concerns over weak agro-chemical demand and soft refrigerant gas prices have been highlighted, indicating potential negative surprises ahead.
summary_large_image
Chinese Yuan SRF Ltd. IND
TradFi, Market Report
04:46 17.10.2024

UBS downgrades SRF shares citing growth challenges and weak demand

UBS has downgraded SRF Ltd. shares from 'Buy' to 'Sell', citing ongoing growth challenges and weak demand in the agrochemical sector, particularly with China expected to increase its market share. The price target has been reduced from ₹2,700 to ₹2,100, indicating a potential downside of 9%. Additionally, EPS estimates for FY25 and FY26 have been cut by 20% and 22%, respectively, as the US refrigerant gas market faces weak demand and competitive pressure from Chinese manufacturers.
CNBCTV18
SRF Ltd. CHN IND USA Show more
TradFi, Market Report
04:35 17.10.2024

Carmignac expands board with six new members including former UBS executive

Carmignac has appointed six new members to its Board of Directors, including former UBS executive Paolo Federici, who previously led UBS Global Wealth Management in Italy. Other notable appointees include Alexander Leisten, Habib Achkar, Pascale Guillier, Rose Ouahba, and Christophe Peronin, enhancing the firm's leadership and expertise.
finews.com
United States Dollar UBS SA AXA Investment Managers SA Deutsche Asset & Wealth Management Investment GmbH Morgan Stanley Sal. Oppenheim jr. & Cie. KGaA Fidelity International Ltd. FRA ITA DEU SAU Alexander Leisten Paolo Federici Habib Achkar Rose Ouahba Pascale Guillier Show more
Finance & Economy, Press Release
04:20 17.10.2024
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