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UBS aims to reassure stakeholders about its financial stability in its annual report, addressing concerns raised by politicians regarding its balance sheet. This communication is timely, coinciding with the Swiss National Commission's review of provisions related to the parliamentary inquiry into the Credit Suisse takeover.
Access to the page has been denied. However, it is noted that equities may experience further selloffs, yet there is a belief that Trump could implement measures to address the situation effectively.
Equities are poised for further selloffs, indicating a challenging market ahead. However, there is optimism that Trump could implement measures to stabilize the situation and potentially reverse the downward trend.
Bank of America has reported an increase in credit card delinquency and charge-off rates for February. This trend indicates a potential rise in financial strain among consumers, reflecting broader economic challenges. Investors are advised to monitor these developments closely.
Goldman Sachs has revised its oil price forecasts downward, projecting $71 a barrel by December 2025 and $68 in 2026, due to anticipated weaker US economic growth and increased OPEC+ supply. Analysts highlight the need for refiners to hedge against potential margin pressures as demand risks rise, while geopolitical factors, including energy sanctions and production increases from exempt OPEC producers like Libya and Iran, will also influence prices. Despite the downgrade, a modest recovery in oil prices is expected in the coming months, contingent on stronger GDP growth and ongoing sanctions on Russian energy.
Parliamentarians have expressed shock at UBS CEO Ermotti's salary of CHF 14.9 million, with calls for limits on executive pay, particularly in light of UBS's state-backed status. Critics argue such high compensation is unjustifiable, while some defend it as performance-related and necessary for attracting talent. A motion to cap banking sector salaries at 3-5 million francs is set for discussion in the National Council.
UBS has raised its gold price forecast to $3,200 per ounce by June 2025, following a record high of over $3,000. The bank attributes this bullish outlook to ongoing political risks and trade tensions, which are driving demand for safe-haven assets. Investors are advised to capitalize on any short-term downturns to build positions.
The stock market is attempting to extend the gains from Friday's rally. However, Morgan Stanley expresses skepticism about the sustainability of this upward momentum.
UBS has faced criticism over CEO Sergio Ermotti's 2024 salary of CHF 14.9 million, despite a slight decrease in his bonus. Political figures and the proxy advisor Ethos have expressed concerns about high executive pay, with proposals to cap banking sector salaries gaining traction. Meanwhile, UBS is also navigating increased capital requirements to mitigate risks following the Credit Suisse integration.
Gold prices have stabilized just above $3,000 an ounce, following a recent breach of this threshold. Market attention is now on the Trump administration's tariffs and the upcoming U.S. Federal Reserve meeting, where interest rates are expected to remain unchanged on March 19, with a taper anticipated in June. Currently, spot gold has risen by 0.38 percent to $2,998.10.
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
UBS addresses balance sheet concerns amid Credit Suisse takeover scrutiny
19:38 17.03.2025
Equities may decline further but Trump offers potential solutions
19:01 17.03.2025
Equities may decline further but Trump has potential solutions
18:21 17.03.2025
Bank of America reports rise in credit card delinquency and charge-off rates
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Goldman Sachs lowers oil price forecasts amid US economic slowdown and supply changes
17:43 17.03.2025
parliamentarians express outrage over high salary of UBS CEO Ermotti
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17:15 17.03.2025
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ubs faces backlash over ceo salary amid ongoing public scrutiny
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