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.
Credit Suisse's Bellinzona office will close on December 2, integrating into the UBS branch at Largo Elvezia 2. Most client advisory staff will transfer to the new location, while others will be reassigned later. This marks a significant step in UBS's consolidation efforts in the region, with the branch now housing around 50 employees.
Diasorin shares fell by 0.60% following UBS's downgrade from "buy" to "neutral," while maintaining a price target of 116 euros per share. Analysts noted the company's significant financial improvements and growing investor confidence, despite the stock trading above the sector's historical premium.
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