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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
The European Central Bank (ECB) is urging Raiffeisen Bank International and Unicredit to bolster their capital buffers due to risks associated with their operations in Russia. This move aims to prepare the banks for potential write-offs of their Russian activities, as they face challenges in maintaining effective control. Both banks are expected to see increased capital requirements starting next year.
The European Central Bank is urging Raiffeisen and UniCredit to bolster their capital reserves to mitigate risks linked to their operations in Russia, where they lack effective control. This move may lead to adjustments in individual capital requirements, reflecting the banks" exposure to risky sectors, including commercial real estate. Raiffeisen has acknowledged an increase in its capital requirements starting next year, as both banks face pressure to reduce their Russian operations amid ongoing tensions with the regulator.
Owner-occupied home prices in Switzerland are projected to rise by 3-4% in 2024, following a 0.7% increase in Q3 2024. The UBS Swiss Real Estate Bubble Index indicates a moderate risk of a bubble, particularly in regions like Graubünden and Vaud, amid rising rents and low construction activity.
Moody"s has upgraded Raiffeisen Group"s long-term deposit rating to "Aa2" from "Aa3," reversing a previous downgrade from 2018. The outlook is now "positive," reflecting strong capital quality and profitability, despite risks in the Swiss real estate market. Additionally, long-term senior unsecured ratings have been raised to A2 from A3, supported by the formation of bail-in capital.
UBS has raised its price target for Marks & Spencer, as reported by Cercle Finance and published by BOURSORAMA. The analysis is provided for informational purposes only, with BOURSORAMA disclaiming any responsibility for its content and ensuring no conflicts of interest affect its objectivity.
Home ownership has regained attractiveness due to recent interest rate cuts, offering buyers a price advantage of 10 to 16 percent compared to renting. Future savings could reach 25 percent, with home ownership expected to yield returns comparable to equity investments, promoting long-term financial thinking among owners. However, rising real estate prices may limit access for potential buyers.
Raiffeisen Waren GmbH, based in Kassel, will join the Building Materials Alliance North Specialist Trade on January 1, 2025, adding 53 locations to the alliance. This partnership, now comprising seven Hagebau partners and 151 retail locations in Germany, aims to enhance services like personnel development and joint purchasing negotiations to adapt to market changes.
Compagnie Bancaire Helvétique has appointed Enid Yip as the new CEO of its Asia subsidiary, based in Hong Kong, following the recent appointment of Simon Benhamou as the group's CEO. Yip, with over 25 years of experience in wealth management, will enhance client offerings and drive business development, while Patrick Wong continues as deputy CEO managing operations and compliance. This leadership change comes as Hong Kong is poised to become the world's largest cross-border financial hub, despite some European banks reducing their presence in the city.
UBS Asset Management maintains an overweight stance on the JPY and select emerging market currencies like BRL and ZAR, citing favorable valuations and carry potential. Global equities are also favored due to a positive earnings outlook, while the USD is seen as a hedge against tariff risks amid a strong US economy. Conversely, the CHF, European equities, and Japanese government bonds are underweight due to expensive valuations and economic challenges.
In the lead-up to the 2024 US elections, Trump and Harris are nearly tied in polls, with Trump holding a slight 0.1% advantage. Volatility has calmed, but rising yields and cautious investor sentiment on Wall Street signal potential challenges ahead, regardless of the election outcome. The US dollar remains strong, particularly if Trump wins, while concerns about rising debt persist.
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