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UBS has maintained its "Buy" rating for Michelin, setting a price target of 40 euros. Analyst David Lesne noted that the tire manufacturer is expected to have shown positive operating performance in February, according to recent market data.
Barclays PLC has disclosed a 1.18% interest in Dalata Hotel Group’s securities, complying with the Irish Takeover Panel Act. This disclosure highlights Barclays' investment activities, which may influence its market strategy. The company continues to focus on providing a range of financial services primarily in the UK and US markets.
UBS is contemplating the sale of Swiss real estate assets valued at under $1 billion as part of a strategic overhaul of its asset management unit. This move aims to enhance profitability and streamline operations following the acquisition of Credit Suisse, with a goal of achieving $13 billion in cost reductions by 2026. The asset management division, contributing 6.5% to total revenues, is being restructured to focus on core functions while integrating Credit Suisse's businesses.
FINMA Director Stefan Walter is open to a gradual tightening of capital requirements for UBS, emphasizing the need for a transition period to implement effective solutions. He insists that UBS must fully back its foreign subsidiary, a demand opposed by UBS management. Walter noted that the treatment of UBS aligns with global standards and highlighted Switzerland's full implementation of Basel III regulations as beneficial for the economy.
Raiffeisen banks reported a stable profit of CHF 17.6 million in 2024, matching the previous year's earnings. The institution also experienced significant growth in mortgages, reaching a total of 12.7 billion francs, indicating strong borrowing activity in Fribourg for property purchases and construction.
The head of Switzerland's financial regulator, Finma, stated that UBS's tightening capital requirements could be implemented over several years, emphasizing the necessity for full capital coverage for the bank's foreign subsidiaries. Despite opposition from UBS executives, the final decision on capital regulation will rest with Swiss MPs. Walter noted that UBS is not over-regulated compared to international standards.
The head of the Swiss Financial Market Supervisory Authority (Finma), Stefan Walter, indicated that UBS could face tightened capital requirements over several years, emphasizing the necessity for full capital coverage for its foreign subsidiaries. Despite opposition from UBS executives, Walter stated that regulation will ultimately be determined by Swiss MPs, asserting that UBS is not over-regulated compared to international standards.
UBS may face stricter capital requirements, potentially phased in over several years, according to Finma Director Stefan Walter. He emphasized that the bank should prepare for full capital backing of its foreign subsidiary, a demand UBS management opposes. The final decision on these requirements will rest with the Swiss parliament, with Walter asserting that UBS's treatment is consistent with global standards and not overly regulatory compared to other major banks.
On March 19, 2023, UBS executed a rapid takeover of the struggling Credit Suisse, marking a significant moment in Swiss banking history. In a podcast, economics head Florence Vuichard discusses the lessons learned from the Credit Suisse crisis and the implications for UBS moving forward.
UBS has postponed its net zero emissions target from 2025 to 2035, influenced by the acquisition of Credit Suisse. The bank also withdrew its goal for 20% of assets under management to align with net zero by 2030, while reaffirming its commitment to the Net-Zero Banking Alliance and setting interim targets for emissions reduction.
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