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UBS Group AG is on trial in Paris for allegedly harassing whistleblowers who exposed the bank's attempts to assist wealthy French clients in evading taxes. The case, which has unfolded over 15 years, involves claims that the bank's French unit retaliated against former auditor Nicolas Forissier by reducing his bonus while he was investigating potentially illegal activities.
UBS Group AG has increased its stake in Tritax EuroBox PLC, surpassing the 8% voting rights threshold. This strategic investment, achieved through a mix of direct shares and financial instruments, signals UBS's confidence in the UK-based company's growth potential.
UBS analyst Patrick Hummel's shift in preference from Mercedes-Benz to BMW has led to a 1.1% rise in BMW's shares, while Mercedes-Benz saw a 1.6% decline. Hummel cites BMW's improved cash flow and attractive yield prospects, contrasting with concerns over Mercedes' investments in electric vehicles and regulatory risks. Barclays also downgraded Mercedes to "Underweight," reflecting a cautious outlook for the automotive sector amid mixed trends.
DBS Group Holdings has expanded its wealth management team to attract wealthy Russians, hiring two private bankers recently, despite many global banks retreating due to sanction risks. The Singapore lender now has at least nine Russian-speaking bankers and aims to double its wealth management fees by 2027, offering services to clients with a minimum of $20 million in assets. While it conducts rigorous risk assessments to ensure compliance with sanctions, DBS emphasizes that it does not specifically target Russian clients.
[Bloomberg](https://www.bloomberg.com) or [SEC]
A controversial decision by a Swiss regulator left investors in a risky pool of Credit Suisse bonds devastated, declaring the notes worthless following the bank's emergency takeover by UBS Group AG. This move has sparked significant outrage within the bond market.
A controversial decision by a Swiss regulator last year left investors in a risky pool of Credit Suisse bonds devastated, declaring the notes worthless following the bank's emergency takeover by UBS Group AG. This move ignited outrage across the bond market and raised concerns about the implications for investors.
UBS Group AG has reduced its stake in Revolution Beauty Group plc to below 5%, exempting it from reporting requirements. This shift indicates a strategic change in UBS's trading book holdings, which may affect its voting rights and influence market dynamics within the beauty sector.
UBS Group AG is positioned near a significant resistance level, with expectations of a bullish breakout. The company boasts a strong ESG score and high profitability, but analysts express concerns over limited EPS growth potential and diverging target price estimates, indicating evaluation challenges.
UBS Group AG shares are nearing a significant resistance level, with an entry price of CHF 28.29 and a target of CHF 31, indicating a potential gain of +9.58%. Despite strong profitability and optimistic sales outlooks, analysts have downgraded EPS forecasts and show varied price targets, reflecting valuation challenges.
UBS Group AG
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