{
}
UBS Group AG has announced the reduction of 180 jobs in Italy as part of its operational adjustments. The company operates across four main business areas: wealth management (49.4% of income), investment banking (22.1%), client and commercial banking (18.8%), and asset management (6.4%). By the end of 2024, UBS managed USD 745.8 billion in deposits and USD 580 billion in loans.
UBS Group AG is set to reduce its workforce in Italy by 180 positions. The company operates through four main sectors: wealth management (49.4% of revenues), investment banking (22.1%), retail and corporate banking (18.8%), and asset management (6.4%). By the end of 2024, UBS managed USD 745.8 billion in deposits and USD 580 billion in loans.
Bank of America has downgraded Bank of Nova Scotia (TSE:BNS) from a "buy" to a "neutral" rating, lowering its target price from C$82.00 to C$70.00, indicating a potential upside of 2.88%. Other analysts have also adjusted their price targets, with a consensus rating of "Hold" and an average target of C$76.73. The stock recently traded at C$68.04, with a market cap of C$83.38 billion.
Elliott International LP has been awarded a $500,000 payout for its role in a court case that resulted in a $162 million settlement between Banco Santander SA and its shareholders. A Delaware judge recognized Elliott's significant contribution to the litigation concerning Santander's $12.7 billion take-private deal for its US auto loan division, where it was the largest minority investor.
BNP Paribas warns of a potential collapse in copper prices, predicting a drop to $8,500 per tonne by the end of Q2 due to slowing US demand and rising global supply. The anticipated 25% tariff on copper imports could exacerbate the situation, leading to an oversupply of 460,000 tonnes. While some analysts remain optimistic about long-term demand driven by electrification and China's economic policies, the immediate outlook is uncertain as traders prepare for significant market shifts.
UBS Group AG has successfully integrated Credit Suisse units in India, enhancing its operational footprint. The company operates across four main business areas: wealth management (49.4% of income), investment banking (22.1%), client and commercial banking (18.8%), and asset management (6.4%). By the end of 2024, UBS managed USD 745.8 billion in deposits and USD 580 billion in loans.
UBS Group AG has successfully integrated Credit Suisse units in India, enhancing its operational capabilities. The company is structured around four main businesses: wealth management (49.4% of revenues), investment banking (22.1%), retail and corporate banking (18.8%), and asset management (6.4%). By the end of 2024, UBS managed USD 745.8 billion in deposits and USD 580 billion in loans.
Swiss SMEs are increasingly cautious due to concerns over a trade war initiated by Donald Trump, with 60% of exporting companies reducing investments. The Purchasing Managers' Index fell to 47.9 in March, indicating a slowdown in economic activity, as firms brace for potential new tariffs on "Liberation Day."
Barclays Service Corporation plans to lay off 78 employees at its Whippany campus between June 23 and July 7, as part of efforts to align staffing with business needs. The layoffs, disclosed in a WARN filing, do not specify the percentage of the workforce affected or if similar cuts will occur at other New Jersey locations. The Whippany site, opened in 2018, serves as a hub for the Chief Operating Office and supports operations across the Americas.
Wisconsin voters are set to decide a pivotal judicial race that could influence abortion rights, labor laws, and election rules, with over $90 million spent, making it the most expensive judicial contest in U.S. history. Elon Musk's significant financial involvement has raised concerns about potential personal interests, particularly as he faces legal challenges in the state. The outcome may shape the court's balance ahead of critical upcoming elections, with both major parties rallying behind their candidates.
United States Dollar
Currency
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs group announces job cuts affecting 180 positions in italy
20:14 01.04.2025
ubs group announces job cuts affecting 180 positions in italy
20:14 01.04.2025
bank of nova scotia downgraded to neutral by bank of america
Euro
Canadian Dollar
United States Dollar
Royal Bank of Canada
Bank of Nova Scotia
TD Securities INC./ Valeurs Mobilieres TD Inc.
Bank of America Corporation
Jefferies Financial Group Inc.
MEX
CAN
CRI
COL
CHL
PER
USA
Show more
20:07 01.04.2025
elliott wins 500000 cash payout in santander deal litigation
19:57 01.04.2025
copper prices face sharp decline as tariffs loom warns BNP Paribas
19:52 01.04.2025
ubs completes credit suisse integration in india enhancing global operations
19:50 01.04.2025
ubs completes credit suisse integration in india enhancing global operations
19:50 01.04.2025
Swiss SMEs reduce investments amid growing trade war concerns with the US
19:39 01.04.2025
barclays to cut 78 jobs at whippany campus amid restructuring efforts
19:35 01.04.2025
wisconsin judicial race marks historic spending and potential political implications
United States Dollar
Tesla, Inc.
USA
Donald Trump
Josh Kaul
Jimmy Patronis
George Soros
Elon Musk
Brad Schimel
Susan P. Crawford
Josh Weil
JB Pritzker
Randy Fine
Show more
19:34 01.04.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Industry Mergers & Acquisitions
Workplace Trends
Global Financial Events
Banking Regulations
Retail and Consumer Goods
Finance Mergers & Acquisitions
CEO Changes
Market Analysis and Predictions
Government Policies
Startups & Entrepreneurship
Domestic Politics
Central Bank Actions
Global Trade Developments
Financial Scams and Security
Private Equity Deals
Government Economic Policies
Corporate Social Responsibility
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Barclays PLC
Credit Suisse Lux Digital Healt
Bank of America Corporation
UBS Group AG
Deutsche Bank Money Market PP
Apple Inc.
BNP Paribas SA
The Goldman Sachs Group, Inc.
Wells Fargo & Company
Commerzbank AG
Banco Santander, S.A.
SpaceXCoin USD
UniCredit S.p.A.
Amazon.com, Inc.
Morgan Stanley
Danske Bank A/S
NVIDIA Corporation
Google Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Chinese Yuan
Swiss Franc
Indian Rupee
Japanese Yen
Hong Kong Dollar
Australian Dollar
Danish Krone
South Korean Won
Singapore Dollar
Russian Ruble
Offshore Chinese Yuan
Canadian Dollar
Mexican Peso
Indonesian Rupiah
Turkish Lira
Chilean Peso
United Arab Emirates Dirham
People: