{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Capital Group has appointed Monika Waidacher as Director in its Swiss institutional client team, based in Zurich, to enhance relationships with institutional clients in German-speaking Switzerland. With extensive experience from Goldman Sachs and NN Investment Partners, Waidacher will support the firm's strategic focus on the Swiss market, which employs over 140 people across its two offices.
UBS reported a net profit of $1.4 billion for Q3, significantly exceeding forecasts, driven by strong performance in investment banking amid buoyant market conditions. The bank also achieved a 5% rise in sales to $12.3 billion and is ahead of schedule in integrating Credit Suisse, despite ongoing challenges from past scandals. Looking ahead, UBS remains cautious about Q4, citing potential geopolitical uncertainties and a gloomy macroeconomic outlook.
UBS reported a disappointing $1.4 billion profit for Q3, with a cost/income ratio of 83.4%, lagging behind peers like Goldman Sachs and Morgan Stanley. Despite efforts to integrate Credit Suisse and a projected $100 billion in new money inflows for 2024, client acquisition is slowing, prompting cautious forecasts for Q4. The bank is also rolling out AI tools to enhance efficiency.
UBS reported a net profit of $1.43 billion for the third quarter, significantly surpassing analyst expectations of $667.5 million, driven by successful client migrations from Credit Suisse. The bank's revenue reached $12.33 billion, and it anticipates completing a $1 billion share buyback program in Q4. Despite challenges in integrating IT systems and client accounts, UBS aims for $7 billion in savings from the Credit Suisse acquisition by the end of 2024.
European leaders are bracing for increased American protectionism regardless of the U.S. election outcome, with both candidates likely to adopt "America first" policies. Concerns are rising over potential trade conflicts, especially if Trump returns to power, as he has threatened tariffs that could strain European exports and weaken the euro. EU officials are preparing for both scenarios while emphasizing the need for enhanced competitiveness and economic resilience.
China's real estate market continues to struggle, with sales down 36.6% in the first nine months of the year and new construction projects plummeting by 42% since 2019. Analysts predict stabilization by late 2025, but caution that significant government support is needed to address liquidity issues and unsold inventories, or the downturn could extend for another three years. Despite recent measures, property sales are expected to remain subdued, with projections indicating a drop to around 8 trillion yuan by 2025, less than half of 2021's levels.
Billionaire dealmaker Michael ByungJu Kim, a former Goldman banker, explores the intricate dynamics of South Korea's wealthiest families in his 2020 bestseller. The narrative of a young banker caught in these dealings now mirrors real-life events, blurring the lines between fiction and reality.
The Goldman Institute advocates for "data center diplomacy" as the U.S. competes in the global AI race, emphasizing the geopolitical significance of data center locations. With China investing heavily in AI infrastructure, the U.S. must enhance its data center capabilities, particularly in partnership with oil-rich Gulf nations like the UAE, Qatar, and Saudi Arabia, which are poised to rapidly expand their AI capacities.
Goldman Sachs Group Inc. believes that global investors are overestimating the risks of financial market uncertainty due to potential delays in the US presidential election results. Analysts Michael Cahill, Lexi Kanter, and Alec Phillips assert that markets are likely to reflect the election outcome soon after the polls close, despite concerns about tail risks.
Traders from Barclays, Goldman Sachs, JPMorgan, and Seaport Global are competing for a portion of Thames Water's upcoming super senior debt facility, as the utility faces a liquidity crisis. Bids are around 101 pence on the pound, significantly above the 97 pence issuance price, which includes additional incentives for investors.
The Goldman Sachs Group, Inc.
Companies
United States Dollar
Encore Capital Group, Inc.
The Goldman Sachs Group, Inc.
NN Investment Partners Holdings N.V.
J.P. Morgan Asset Management
CHE
Monika Waidacher
Fabian Wallmeier
Arne Tölsner
Show more
08:23 30.10.2024
Euro
United States Dollar
The Goldman Sachs Group, Inc.
UBS AG
Credit Suisse Anlagestiftung
Morgan Stanley
CHE
USA
Goldman Sachs
Morgan Stanley
Show more
08:00 30.10.2024
United States Dollar
UBS AG
The Goldman Sachs Group, Inc.
Morgan Stanley
CHE
Sergio Ermotti
Colm Kelleher
Show more
07:44 30.10.2024
Swiss Franc
Euro
United States Dollar
UBS AG
Credit Suisse Anlagestiftung
Morgan Stanley
Banco Santander, S.A.
Deutsche Bank Aktiengesellschaft
The Goldman Sachs Group, Inc.
BNP Paribas SA
DEU
SGP
JPN
HKG
CHE
LUX
Deutsche Bank
Sergio Ermotti
Goldman Sachs
Morgan Stanley
Show more
06:54 30.10.2024
Euro
The Goldman Sachs Group, Inc.
European Commission Legal Entity of Public Law
USA
DEU
HUN
Kamala Harris
Donald Trump
Joe Biden
Christian Lindner
Viktor Orban
Show more
06:43 30.10.2024
United States Dollar
Chinese Yuan
China Vanke Co., Ltd.
Nomura Holdings, Inc.
The Goldman Sachs Group, Inc.
Morgan Stanley
S&P Global Ratings
CHN
Joe Biden
Xi Jinping
Edward Chan
Show more
00:43 30.10.2024
00:02 30.10.2024
United States Dollar
Amazon.com, Inc.
Jigsaw
The Goldman Sachs Group, Inc.
Anthropic
Google Inc.
OpenAI
Aqua Metals, Inc.
Microsoft Corporation
FRA
USA
CHN
QAT
AUS
SAU
ARE
CAN
Jared Cohen
Show more
23:54 29.10.2024
22:05 29.10.2024
British Pound Sterling
The Goldman Sachs Group, Inc.
Barclays PLC
JPMorgan Chase & Co.
GBR
JPMorgan Chase & Co
Seaport Global Securities LLP
Barclays Plc
Goldman Sachs Group Inc
Show more
19:50 29.10.2024
Trending
Subcategory:
Cryptocurrency Markets
Cryptocurrency Trends
Stock Market Updates
Market Sentiment Analysis
Decentralized Finance (DeFi) Innovations
Central Bank Actions
Market Analysis and Predictions
Tokenomics and Crypto Economics
Inflation Rates & CPI Data
Hedge Funds & Private Equity
Cryptocurrency & Blockchain Regulations
Banking Regulations
Employment Reports
Cryptocurrency Regulations
Anti-Money Laundering (AML) Regulations
ESG & Sustainable Finance Regulations
Corporate Responsibility & ESG
Anti-Money Laundering (AML) & Know Your Customer
Blockchain Technology Adoption
Banking & Investment Regulations
Countries:
Companies:
Currencies:
People:
Apple Inc.
Ethereum USD
Solana USD
Ripple USD USD
Bitcoin USD
Coinbase Global, Inc.
Santiment Network Token USD
Bitwise Bitcoin ETF
NVIDIA Corporation
Ripples USD
JPMorgan Chase & Co.
BlackRock, Inc.
MicroStrategy Inc
Taiwan Semiconductor Manufacturing Co Ltd
Chainlink USD
Grayscale Bitcoin Trust ETF
Heritage Distilling Holding Company, Inc.
Robinhood Markets, Inc.
MARATHON DIGITAL
End Federal Reserve USD
United States Dollar
Armenian Dram
Euro
Vietnamese Đồng
British Pound Sterling
Canadian Dollar
New Zealand Dollar
Australian Dollar
Philippine Peso
Malagasy Ariary
Japanese Yen
Singapore Dollar
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.