{
}
The benchmark mortgage rate is expected to drop from 1.75% to 1.5%, potentially benefiting tenants with rent reductions. While a decrease may occur as early as December, experts suggest it is more likely by March, with landlords required to lower rents by 2.9% if the rate falls. However, not all tenants may see automatic reductions, and the rate is projected to stabilize at 1.5% until the end of 2026.
UBS has been acquitted in a case involving former Credit Suisse's connections to a Bulgarian criminal network linked to cocaine trafficking. The Appeals Chamber reduced sentences for two defendants, while Credit Suisse had previously been fined for deficiencies in monitoring banking relations and anti-money laundering regulations. The ruling is not final and may be appealed to the Federal Court.
The Federal Criminal Court acquitted UBS in a case involving the Bulgarian mafia, while Credit Suisse was found guilty of failing to supervise its relations and comply with anti-money laundering regulations from July 2007 to December 2008. The Swiss Federal Prosecutor's Office is appealing for a maximum fine of CHF 5 million and a compensation claim of CHF 41 million. Among the four convicted, one has died, while two others have appealed their sentences, with one receiving a 29-month prison term and the other a five-month suspended sentence.
Economic losses from natural disasters reached an estimated US$280 billion in 2023, with floods accounting for US$51.6 billion. Swiss Re Institute emphasizes that proactive flood adaptation is more beneficial than post-flood recovery, advocating for investments in resilience to mitigate future risks and enhance insurability. Despite the high costs of adaptation measures, many countries still prioritize rebuilding over prevention, leading to significant financial losses.
UBS has been acquitted by the Federal Criminal Court in a case involving allegations of facilitating money laundering for the Bulgarian mafia, a case inherited from Credit Suisse. This ruling eliminates potential fines and compensation claims totaling around CHF 40 million. In contrast, Credit Suisse was previously found guilty and fined CHF 2 million in 2022 for its role in the matter.
UBS has been acquitted in the Bulgaria case, previously associated with Credit Suisse, after the Appeals Chamber of the Federal Criminal Court overturned the initial guilty verdict. The case involved a former CS employee's ties to the Bulgarian mafia and money laundering, leading to a CHF 2 million fine and asset confiscation. The ruling is not yet legally binding, and the Office of the Attorney General of Switzerland is considering further action.
UBS has been acquitted in a case linked to the former Credit Suisse's involvement with a Bulgarian criminal network, which included cocaine trafficking. Initially fined two million francs for qualified money laundering, the Appeals Chamber also reduced sentences for two defendants, one of whom was a confidant of a mafia boss. The ruling is not yet final and may be appealed to the Federal Court.
UBS analysts report that Commodity Trading Advisors (CTAs) are adopting a "risk-on" approach, favoring U.S. equities over European and Latin American stocks. This positioning reflects a divergence in market sentiment, with CTAs also selling U.S. and Japanese bonds while anticipating inflows into European bonds. Additionally, CTAs are bullish on energy and agricultural commodities, maintaining a strong preference for the U.S. dollar amidst global economic uncertainties.
A Swiss appeals court has overturned Credit Suisse's 2022 conviction for failing to prevent money laundering linked to a cocaine dealer, following the death of a key former employee. The court stated that it could not assess the bank's alleged misconduct without infringing on the deceased's presumption of innocence.
A Swiss appeals court has acquitted UBS in the criminal money laundering case involving Credit Suisse, which had been convicted in 2022 for failing to prevent the laundering of a cocaine dealer's profits. The ruling followed the death of a former employee linked to the case, complicating the appeals process and leading to concerns over the presumption of innocence.
UBS
Companies
UBS / nyse
UBS Group AG
At close 09/20/2024 20:00:03
29.9$
-0.5$ (-0.02%)
After hours: 09/20/2024 21:13:31
29.8001$
-0.1$ (-0%)
Content of tab #2
UBS Group AG
UBS Group AG is a multinational investment bank and financial services company based out of Switzerland. It provides Wealth Management, Personal & Corporate Banking, Asset Management, and Investment Banking services to the private, institutional and corporate clients worldwide.
Sector
financial
Industry
Banking
CEO
Ralph A. J. G. Hamers
Employees
71697
Website
Address
Bahnhofstrasse 45, Zurich, CH-8001, CH
MachinaScore
5
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Hold
Average Price Target:
33.32$ (11.44% Upside)
33.32$ (11.44% Upside)
Blogger Sentiment
Neutral
UBS Sentiment 55.00000000000001%
Hedge Fund Trend
Very Positive
By 3.48M Shares Last Quarter.
Insider Transactions
Negative
Worth -3.28M over the Last 3 Months
Crowd Wisdom
Negative
Last 7 Days
-0.01%
Last 30 Days -0.01%
Last 30 Days -0.01%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
17.26
Trailing 12-Months
Fundamentals
Return on Equity
17.26
Trailing 12-Months
Asset Growth
-7.02
Trailing 12-Months
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
benchmark mortgage rate set to drop offering potential rent reductions
15:30 27.11.2024
ubs acquitted in credit suisse mafia money laundering case
15:27 27.11.2024
credit suisse convicted for failing to supervise ties with bulgarian mafia
15:01 27.11.2024
flood adaptation investments crucial for economic stability and risk management
14:59 27.11.2024
UBS acquitted of money laundering charges linked to Bulgarian mafia
14:37 27.11.2024
ubs acquitted in appeal over credit suisse bulgaria case
14:34 27.11.2024
ubs acquitted in credit suisse bulgarian mafia money laundering case
14:24 27.11.2024
ctas favor us equities while reducing exposure to european markets
14:23 27.11.2024
credit suisse money laundering conviction overturned after former employee's death
14:22 27.11.2024
wiss court acquits credit suisse in money laundering case after employee's death
14:22 27.11.2024
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