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Five years ago, UBS shares were priced at CHF 12.30. An investment of CHF 100 at that time would have resulted in 8.130 shares, now valued at CHF 231.54, reflecting a 131.54% increase, with the current share price at CHF 28.48. UBS's latest market valuation stands at CHF 90.73 billion.
Deloitte Switzerland has appointed Ueli Preisig as the new Head of Investment Management, leveraging his extensive experience in asset management, business transformation, and automation. Since joining Deloitte in 2020, Preisig has developed a strong background in implementing transformation projects within the banking and insurance sectors. The firm employs around 3,000 people across Switzerland and is part of a global network of over 460,000 professionals.
An investment of CHF 100 in UBS shares five years ago would have yielded a current value of CHF 231.54, reflecting a 131.54% increase. On December 16, 2019, UBS shares closed at CHF 12.30, and as of December 13, 2024, the share price rose to CHF 28.48. UBS's market capitalization now stands at CHF 90.78 billion.
MarketAxess has integrated direct access to UBS Bond Port for users of its Axess IQ service, allowing clients to place limit orders directly into the UBS order book. This streamlines the process, enabling one-click order placement and real-time monitoring, enhancing liquidity for smaller, non-market sensitive orders. Currently available for clients trading outside of the MiFID MTF, expansion plans are underway pending approval.
MarketAxess has integrated direct access to UBS Bond Port for users of its Axess IQ service, allowing clients to place limit orders directly into the UBS order book. This streamlines the process, enabling one-click order placement and real-time monitoring, enhancing liquidity for smaller, non-market sensitive orders. Initially available for clients outside of the MiFID MTF, expansion plans are underway pending approval.
Arthur Rutishauser, editor-in-chief of SonntagsZeitung, is set to release "Game Over - the Fall of Credit Suisse," a detailed account of the bank's collapse, highlighting failures and scandals. The 352-page book will be accompanied by a film, both launching in March 2025, coinciding with the findings of the parliamentary commission of inquiry. This marks the third book on Credit Suisse's decline, following works by Dirk Schütz and Duncan Mavin.
Former Prime Minister Thaksin Shinawatra advocates for Thailand to embrace Bitcoin, predicting its value could soar to $850,000. The current government, led by his son, is exploring Bitcoin payments and stablecoins, particularly in tourist areas, to enhance digital financial innovation and boost the economy.Additionally, a $14.3 billion digital wallet initiative aims to support 50 million citizens, while Siam Commercial Bank has launched Thailand's first stablecoin-powered cross-border payment system. The Thai SEC is also working to improve access to digital assets for institutional investors.
Switzerland has withdrawn the 5% dividend tax rate for income earned from India, increasing the tax to 10%. This change affects around 90 Swiss-based foreign portfolio investors, including UBS and Credit Suisse, following a ruling by the Indian Supreme Court on the Most Favoured Nation clause in the double tax avoidance agreement. Experts warn that this move will negatively impact foreign direct investment and portfolio investments from Switzerland.
Arthur Rutishauser, editor-in-chief of SonntagsZeitung, is set to release "Game Over - the Fall of Credit Suisse," a detailed account of the bank's collapse, highlighting failures and scandals. The 352-page book will coincide with a film adaptation, both launching in March 2025. This marks the third publication on Credit Suisse's decline, following works by Dirk Schütz and Duncan Mavin.
UBS shares showed a positive trend, trading at CHF 28.52 on December 16, marking a 0.06% increase from the previous day. The bank's market capitalization is €105 billion, with a monthly gain of 0.59% and an annual increase of 11.26%. Despite being 27.26% above its 52-week low, the shares remain 4.08% below the 52-week high, prompting discussions on whether to buy or sell.
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UBS Investment Yields Significant Profit Over Five Year Period
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Deloitte Switzerland appoints Ueli Preisig as new Head of Investment Management
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