{
CHE

Country

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flowbank liquidation highlights asset protection challenges and securities transfer delays
The liquidation of Flowbank highlights significant challenges in transferring securities, with many clients still awaiting access to their assets months later. While privileged deposits are being repaid efficiently, the complex manual processes involved in securities transfers have led to delays, emphasizing the risks of holding assets with less reputable banks. Additionally, the situation has drawn attention to the bank's pop art collection, including works by Lichtenstein and Warhol.
finews.com
Swiss Franc FlowBank AG CHE FINMA Charles Henri Sabet Walder Wyss Andy Warhol Roy Lichtenstein Show more
Finance & Economy, Market Report
10:00 21.10.2024
American Express acquires full ownership of Swisscard from UBS
American Express has acquired UBS's 50% stake in Swisscard, making it the sole owner of the credit card provider. This transition will not affect existing cardholders immediately, as Swisscard will continue to issue cards under American Express, Mastercard, and Visa licenses. Credit Suisse cardholders will be migrated to UBS's platform by mid-2025, with a seamless transition promised.
TradingView
UBS SA American Express Company Visa Inc. Credit Suisse Anlagestiftung CHE Show more
TradFi, Market Report
09:52 21.10.2024
ubs sells stake in swisscard to american express
UBS has sold its 50% stake in Swisscard to American Express, making Amex the sole owner of the credit card services provider. Swisscard operates under various brands, including American Express, Mastercard, and Visa. This move marks a significant shift in the ownership structure of the joint venture.
Seeking Alpha
UBS SA American Express Company CHE
TradFi, News Article
09:45 21.10.2024
ubs shares decline as investors react to latest financial updates
UBS shares fell by 0.4% to CHF 28.36 in early trading, marking a decline from a 52-week high of CHF 28.78 reached on June 3, 2024. The company reported a 38.06% increase in turnover to CHF 19.76 billion for the last quarter, with an EPS of CHF 0.32, while the dividend forecast for this year is USD 0.823. Investors can expect the Q3 2024 balance sheet on October 30, 2024.
finanzen.ch
United States Dollar Swiss Franc UBS SA CHE Carsten Spohr
TradFi, Market Report
09:29 21.10.2024
ubs sells stake in swisscard to american express as part of divestment strategy
UBS is selling its 50% stake in credit card provider Swisscard AECS to its joint venture partner, American Express, as part of its divestment strategy following the acquisition of Credit Suisse. Swisscard, which issues American Express, Mastercard, and Visa cards, will transition Credit Suisse clients to UBS's credit card platform, with new cards expected to be issued in the first half of 2025. UBS aims to cut costs by approximately $13 billion by the end of 2026.
MarketScreener
United States Dollar UBS SA American Express Company Credit Suisse Anlagestiftung CHE John Revill Oliver Hirt Show more
TradFi, News Article
09:22 21.10.2024
ubs sells stake in swisscard to american express as part of divestment strategy
UBS is selling its 50% stake in credit card provider Swisscard AECS to American Express, as part of its divestment strategy following the acquisition of Credit Suisse. Swisscard, which issues American Express, Mastercard, and Visa cards, will transition Credit Suisse clients to UBS's credit card platform, with new cards expected to be issued in early 2025. UBS aims to cut costs by $13 billion by 2026 while integrating Credit Suisse's operations.
ch.marketscreener.com
United States Dollar UBS SA American Express Company Credit Suisse Anlagestiftung CHE John Revill Oliver Hirt Show more
TradFi, News Article
09:22 21.10.2024
ubs sells stake in swisscard to american express amid credit suisse divestment
UBS is divesting its 50 percent stake in Swisscard AECS, a credit card provider acquired from Credit Suisse, to its joint venture partner, American Express. Founded in 1998, Swisscard issues American Express, Mastercard, and Visa cards to Credit Suisse customers, who will transition to UBS's credit card platform. This move is part of UBS's strategy to streamline operations and achieve $13 billion in cost reductions by 2026.
finanzbusiness.de
United States Dollar UBS SA American Express Company Swisscard AECS AG Credit Suisse Anlagestiftung CHE Show more
TradFi, News Article
09:06 21.10.2024
ubs group sees relative strength rating upgrade amid mixed earnings report
UBS Group's Relative Strength (RS) Rating improved from 69 to 72, still below the preferred benchmark of 80. The stock is currently in a buy zone after surpassing a 32.13 buy point, despite reporting a -96% EPS growth, while sales increased by 38%. The company ranks No. 8 in the Banks-Money Centers industry group and is set to release its latest financial results around October 30.
Investor's Business Daily
UBS Group AG The Goldman Sachs Group, Inc. Morgan Stanley Royal Bank of Canada CHE Goldman Sachs Royal Bank of Canada Morgan Stanley Show more
TradFi, Market Report
09:00 21.10.2024
American Express acquires full ownership of Swisscard from UBS
American Express has acquired UBS's 50 percent stake in Swisscard, making it the sole owner of the Swiss credit card provider. Swisscard, established in 1998, is the only issuer in Switzerland offering American Express, Mastercard, and Visa from a single source. The transition will not affect current cardholders, merchants, or partners, and American Express aims to expand its business in Switzerland through Swisscard.
teleborsa.it
Swiss Franc Euro United States Dollar UBS AG American Express Company CHE
TradFi, Press Release
09:00 21.10.2024
successful olma trade fair showcases agriculture and community engagement in st gallen
The 81st OLMA Swiss Trade Fair for Agriculture and Food in St.Gallen attracted over 340,000 visitors and featured 620 exhibitors, showcasing the region's agricultural heritage and innovations. Highlights included the vibrant "olmaPLAZA," a new public transport offer, and engaging activities like yodeling and folk dancing. The event successfully fostered dialogue between municipalities, businesses, and the public, reinforcing its significance in Eastern Switzerland.
toggenburg24.ch
St.Galler Kantonalbank CHE Pascale Lüthi Melanie Frei Katrin Meyerhans Christian Stieger Christine Bolt Show more
TradFi, Press Release
09:00 21.10.2024
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