{
CHE

Country

}
swiss elections reflect center-right resurgence amid migration and economic concerns
Switzerland's political landscape is shifting towards the center-right, with significant gains for the SVP and other bourgeois parties in recent cantonal elections. The focus on migration, security, and economic issues has overshadowed environmental concerns, leading to a decline in support for eco-parties. As the electorate prioritizes immediate challenges, the center-right must deliver effective solutions to maintain voter confidence.
Neue Zürcher Zeitung
Swiss Franc Euro NZZ Fachmedien AG DEU CHE CDU Angela Merkel AfD Lisa Mazzone Show more
Finance & Economy, News Article
17:00 21.10.2024
ubs sells stake in swisscard to american express making it sole owner
UBS Group AG has decided to sell its 50% stake in Swisscard to American Express, making the latter the sole owner. The financial details of the transaction remain undisclosed, but Swisscard will continue to issue cards under American Express, Mastercard, and Visa licenses while maintaining its American Express operations in Switzerland. UBS will inform clients with Credit Suisse-branded cards about new card issuance in the first half of 2025, as the credit card business does not align with its strategic priorities following its role as the legal successor to Credit Suisse.
finanzen.ch
United States Dollar UBS Group AG American Express Company Credit Suisse Anlagestiftung CHE Show more
TradFi, Market Report
16:59 21.10.2024
ubs sells stake in swisscard to american express consolidating market position
UBS has sold its 50% stake in Swisscard to American Express, making Amex the sole owner of the Swiss credit card provider. This move is part of UBS's broader restructuring strategy following its acquisition of Credit Suisse, allowing the bank to focus on core operations while American Express strengthens its position in the Swiss market. Existing Swisscard cardholders will experience no immediate changes, with a transition to UBS's credit card platform for Credit Suisse customers planned by mid-2025.
bobsguide
United States Dollar UBS SA Visa Inc. Mastercard Incorporated American Express Company Credit Suisse Anlagestiftung CHE Show more
TradFi, News Article
16:43 21.10.2024
ubs sells credit suisse stake in swisscard to american express
UBS has sold its 50% stake in the Swiss credit card joint venture Swisscard to American Express, making Amex the sole owner. This decision follows the emergency merger of Credit Suisse with UBS, as the existing agreement was not extended. UBS stated that the credit card operations did not align with its strategic priorities, although the credit card business remains important to the bank.
muula.ch
United States Dollar UBS SA Swisscard AG Coop Migros Bank American Express Company Credit Suisse Anlagestiftung CHE Sergio Ermotti Show more
TradFi, News Article
16:37 21.10.2024
short interest in ubs gr declines signaling potential market optimism
UBS Gr has 10.54 million shares sold short, representing 0.33% of available trading shares, with an average cover time of 7.9 days. Short interest has decreased by 15.38% since the last report, indicating a more bullish sentiment compared to its peers, which average 2.05%.
benzinga.com/insights/short-sellers/24/10/41430035/how-is-the-market-feeling-about-ubs-gr
UBS Group AG CHE
TradFi, Market Report
16:30 21.10.2024
ubs shares decline amid mixed trading performance and upcoming earnings report
UBS shares were down 1.0% to CHF 28.17 in afternoon trading, with a peak drop to CHF 28.11. The stock is currently 34.91% above its 52-week low of CHF 20.88 and 2.17% below its 52-week high of CHF 28.78. The company reported a 38.06% revenue increase for Q2 2024, totaling CHF 19.76 billion, with earnings per share at CHF 0.32.
finanzen.ch
Swiss Franc UBS SA CHE Carsten Spohr
TradFi, Market Report
16:29 21.10.2024
Raiffeisen Switzerland restructures eliminating operating services department and leadership role
Raiffeisen Switzerland is restructuring by dissolving its "Operating Service" department, which has been responsible for aligning Group strategy with operations and process optimization since 2022. As a result, the bank will operate with six departments from November 1, redistributing the former unit"s tasks among them. Uwe Krakau, the head of the dissolved department, will leave the bank as part of this reorganization.
finews.ch
Raiffeisen Switzerland CHE Uwe Krakau
TradFi, Press Release
16:06 21.10.2024
Raiffeisen Switzerland restructures eliminating operating services department and leadership role
Raiffeisen Switzerland is restructuring its organization by dissolving the "Operating Service" department, which was established in 2022 to align strategy with operations. Starting November 1, the bank will operate with six departments, redistributing the former department"s responsibilities. Uwe Krakau, the head of "Operating Services," will be leaving the bank as part of this reorganization.
finews.com
Raiffeisen Switzerland CHE Uwe Krakau
TradFi, News Article
16:06 21.10.2024
American Express acquires UBS stake in Swisscard expanding its presence in Switzerland
American Express will acquire UBS's 50% stake in Swisscard, making it the sole owner of the Swiss credit card provider. This move follows an agreement to transfer Credit Suisse's card portfolios to UBS as part of the divestment of certain Credit Suisse activities. Swisscard will continue to operate under American Express, Mastercard, and Visa licenses, with no immediate impact on cardholders or merchants.
Zonebourse
Euro Mastercard Incorporated Visa Inc. American Express Company Credit Suisse Anlagestiftung UBS AG CHE Show more
TradFi, Market Report
15:39 21.10.2024
ubs maintains buy rating for sanofi with target price of 110 euros
UBS has maintained a 'Buy' rating for Sanofi, setting a target price of 110 euros, following the anticipated sale of a majority stake in its consumer division, Opella. Analyst Jo Walton expressed approval for the increased clarity surrounding the divestiture, with Sanofi expecting cash proceeds in the high single-digit billion euro range.
MarketScreener
Euro Sanofi FRA CHE Jo Walton
TradFi, Market Report
15:36 21.10.2024
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