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finma's strategy to prevent banking crises after credit suisse collapse
In a recent podcast, FINMA President Marlene Amstad addressed concerns over the regulatory response to the collapse of Credit Suisse and outlined strategies to prevent UBS from facing a similar fate. She emphasized the need to minimize risks to the country and its citizens while ensuring the bank remains operational.
Neue Zürcher Zeitung
UBS SA Credit Suisse Anlagestiftung CHE Eric Gujer Marlene Amstad
TradFi, Transcript
14:00 20.10.2024
UBS shares surge with strong performance and positive market outlook
UBS Group AG has shown strong stock market performance, with shares currently priced at EUR 30.20, reflecting a 9.09% increase over the past month and a 30.15% rise annually. The company boasts a market capitalization of EUR 104.5 billion and forecasts a dividend of EUR 0.36831 per share for 2024, yielding 1.31%. Recent analysis indicates that UBS shareholders may need to consider urgent actions regarding their investments.
Börse Express
Euro UBS Group AG CHE
TradFi, Market Report
11:36 20.10.2024
pharmaceutical companies shift focus to cost-effective treatments amid rising healthcare expenses
Roche is shifting its R&D focus towards major diseases like obesity and diabetes, responding to rising healthcare costs and government demands for cost-effective treatments. The company aims to develop transformative drugs for chronic illnesses, anticipating that these areas will account for over 50% of the global disease burden in the next decade. With the obesity drug market projected to exceed $100 billion annually by 2030, Roche's renewed investment includes a $2.7 billion acquisition of Carmot Therapeutics to bolster its cardiovascular-metabolic research.
SWI swissinfo.ch
Euro United States Dollar Novartis AG Novo Nordisk A/S Bayer AG Johnson & Johnson Hoffmann-La Roche AG Sanofi DEU DNK CHE USA FRA Mike Rea Novo Nordisk Bill Coyle Nerys Avery Thomas Schinecker Show more
Healthcare, News Article
10:00 20.10.2024
UBS plans demolition of affordable housing estate in Zurich amid tenant concerns
A UBS real estate fund plans to demolish a housing estate in Zurich, displacing current tenants from their low-cost apartments, which were recently renovated. Critics, including local politicians and the Zurich Tenants' Association, argue that the project prioritizes profits over affordable housing, while UBS defends it by citing the age of the buildings and the addition of new apartments to address housing shortages. Many residents, facing potential rent increases, are seeking legal avenues to remain in their homes.
blue News
UBS SA CHE Liliane Forster Daniel Naef Sven Ziegler Show more
TradFi, News Article
07:43 20.10.2024
olma fair struggles to raise 20 million amid declining interest in trade shows
The Olma trade fair in Eastern Switzerland faces a financial crisis, struggling to raise CHF 20 million in fresh capital, with only CHF 13 million secured so far. CEO Christine Bolt is urgently seeking support from citizens as the new St.Galler Kantonalbank hall remains underutilized, highlighting poor planning and dwindling interest in trade fairs. The situation worsens with impending changes, including the demolition of Hall 9 for highway construction, leaving the future of Olma uncertain.
insideparadeplatz.ch
Swiss Franc St.Galler Kantonalbank CHE Christine Bolt
TradFi, News Article
07:02 20.10.2024
Zurich referendum seeks to block UBS high-rise in Altstetten area
The Young Greens are pushing for a referendum to block the construction of a 108-meter-high UBS tower in Zurich-Altstetten, arguing it represents "spectacle architecture" rather than an "ecological showcase project." The site, known as "VZA1," is nearly the size of a football pitch and currently houses a commercial building in need of renovation. The proposed high-rise aims to incorporate wooden elements, solar panels, and green facades.
Der Landbote
UBS SA CHE
TradFi, News Article
06:00 20.10.2024
Berner Kantonalbank shows stability amid market challenges and solid fundamentals
Berner Kantonalbank (BEKB) demonstrates resilience in a challenging market, with a 1.65% gain over the past month and a current share price of EUR 247.00. The stock is 3.85% above its 52-week low but 5.47% below its yearly high, supported by a P/E ratio of 13.16 and an attractive dividend yield of 4.13%. Recent analyses suggest shareholders may need to consider their options regarding buying or selling.
aktiencheck.de
Euro Berner Kantonalbank AG CHE
TradFi, Market Report
16:00 19.10.2024
ubs faces challenges after credit suisse takeover amid mixed earnings reports
UBS is grappling with challenges following its takeover of Credit Suisse, with shares trading between 23 to 29 SFR this year. Despite a decline in income from US$ 12.7 billion to US$ 11.9 billion, CEO Sergio P. Ermotti remains optimistic about achieving financial targets and plans to save US$ 13 billion by 2026. Analysts' views on UBS shares vary significantly, with Jefferies setting a target of SFR 22, while Goldman Sachs is more bullish at SFR 35.50, highlighting the uncertainty surrounding the bank's future.
Nau
United States Dollar Jefferies Financial Group Inc. Credit Suisse Anlagestiftung The Goldman Sachs Group, Inc. UBS SA CHE Sergio P. Ermotti Jefferies Goldman Sachs Show more
TradFi, Market Report
15:30 19.10.2024
Raiffeisenbank Mittelthurgau appoints new chairman amid management turmoil
Raiffeisenbank Mittelthurgau has appointed Christian Schöttli as the new Chairman of the Executive Board following a turbulent period marked by a scandal involving former bank manager Marcel Bischofberger. Bischofberger's dismissal stemmed from a power struggle with Board Chair Jolanda Eichenberger, who resigned amid the turmoil. Christoph Greuter will continue in an interim management role until March 1, 2025, while the search for a new Chairman of the Board of Directors is ongoing.
Thurgauer Zeitung
United States Dollar Thurgauer Kantonalbank Raiffeisenbank Mittelthurgau Genossenschaft CHE Marcel Bischofberger Katja Meier Jolanda Eichenberger Christian Schöttli Christoph Greuter Show more
TradFi, News Article
15:02 19.10.2024
manager warns of risks in potential unicredit takeover of commerzbank
Bettina Orlopp, CEO of Commerzbank, expressed concerns over a potential takeover by Unicredit, citing integration challenges and risks to German SMEs due to overlapping corporate clients. She noted that such a merger could lead to a downgrade in Commerzbank's rating and increased refinancing costs. Despite these risks, the bank's shares remain a strong buy, with a target price above €20.
boerse-social.com
Euro United States Dollar Semperit Aktiengesellschaft Holding Commerzbank AG Deutsche Bank Aktiengesellschaft UniCredit S.p.A. Dresdner Bank ESP RUS ITA AUT FRA CHE USA GBR DEU Bettina Orlopp Semperit AG Holding Show more
TradFi, Market Report
13:21 19.10.2024
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