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UBS experienced a significant technical issue that led to some customers being debited twice for payments. The bank promptly addressed the problem, displaying a warning on its e-banking application, and by Friday morning, confirmed that the erroneous charges had been reversed for affected customers. However, UBS did not disclose further details regarding the incident.
PostFinance's new chairman, Beat Röthlisberger, opposes privatization and emphasizes the need to provide loans to small and medium-sized enterprises (SMEs), citing a competitive disadvantage due to current restrictions. He advocates for a proper political discussion on financing SMEs, while also acknowledging the success of Yuh, a digital banking venture, despite its limited service offerings compared to PostFinance. The institution remains committed to maintaining over-the-counter payment services, despite their financial losses, as part of its legal mandate.
Emmanuel Macron's chief adviser, Alexis Kohler, has resigned to join Société Générale as executive vice-president, overseeing mergers, acquisitions, and financing. Kohler, a key figure in the Élysée Palace since 2017, will support CEO Slawomir Krupa's turnaround strategy amid ongoing challenges at the bank. His move follows a formal investigation regarding past favoritism, which he denies.
UBS has upgraded Hermes to a 'Buy' rating, indicating a positive outlook for the luxury brand. However, the information provided is for informational purposes only and does not constitute a recommendation to buy or sell securities, which carry inherent risks. Investors are advised to seek expert investment advice tailored to their individual needs.
UBS has maintained a "Neutral" rating for Hugo Boss, setting a price target of 38 euros ahead of the company's quarterly results. Analyst Susy Tibaldi noted that the fashion group is expected to have had a weaker start to the year, which is not surprising.
UBS has reduced its price target for Rational from 910 to 870 euros while maintaining a "Neutral" rating following the release of annual figures. Analyst Olivier Calvet noted that new products and investments in sales staff could enable the company to achieve high single-digit growth rates, but these benefits are expected to materialize next year.
UBS has reiterated its 'buy' recommendation for Richemont, raising the price target from 180 to 184 Swiss francs, indicating a 15% upside potential. The luxury group's strong operating performance and improved governance are expected to enhance market share, with a promising fourth quarter ahead.
Investor Lenny Fischer criticizes the Swiss government's collaboration with the Swiss National Bank, claiming it undermines Swiss citizens by supporting EU deficits. He warns against devaluing Swiss gold and argues that the nation should not overreach in attempting to solve global issues.
Regula Berger has been appointed as the new chairwoman of Bank Cler's board of directors, succeeding Basil Heeb. With 57% of the board being female, Berger, who has led Basler Kantonalbank since March, aims to enhance the bank's growth strategy by integrating traditional banking with digital services.
China's gold exports to Hong Kong surged to 41 tons in February, more than doubling from the previous month and marking the highest level in a decade, while imports from Hong Kong saw only a slight increase. This shift indicates weak domestic demand in China, prompting traders to export surplus gold to capitalize on higher global prices.
CHE
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UBS resolves double debit issue and reimburses affected customers
12:25 28.03.2025
postfinance chairman opposes privatization seeks to support small businesses
Swiss Franc
Swissquote Group Holding Ltd
Basellandschaftliche Kantonalbank
PostFinance Fonds 3
Zürcher Kantonalbank
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12:00 28.03.2025
macron adviser alexis kohler takes senior role at societe generale
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ubs upgrades hermes to buy rating amid market analysis
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ubs maintains neutral rating for hugo boss with price target of 38 euros
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ubs lowers rational price target while maintaining neutral rating
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ubs maintains buy rating on richemont with increased price target
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Swiss citizens urged to protect gold amid EU financial support concerns
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Regula Berger appointed chairwoman of Bank Cler's board of directors
11:00 28.03.2025
China's gold exports to Hong Kong surge amid weak domestic demand
10:46 28.03.2025
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