UBS shares reached a record high of CHF 28.18, driven by positive market sentiment and interest rate cuts. Despite recent gains, concerns about the slow integration of Credit Suisse and talent losses to competitors persist, raising questions about UBS's future ambitions in investment banking. The bank's third-quarter results, set to be announced soon, will be closely watched for insights into its performance amid a booming market.
Deutsche Bank AG has appointed Aly Alibhai, a media and entertainment banker from UBS Group AG, as the head of North American mergers and acquisitions. Alibhai will be based in New York and is expected to join the German lender after a period of leave.
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