◦ UBS
US Fed delivers small rate hike amid global banking turmoil - China Economy News
Economy

US Fed delivers small rate hike amid global banking turmoil

The collapse of the Santa Clara California based bank and Signature Bank another US midsized lender prompted a rout in banking stocks as investors worried about other ticking bombs in the banking system and led to UBS...
HK financial regulators welcome UBS' acquisition of Credit Suisse - China Finance News
Finance

HK financial regulators welcome UBS' acquisition of Credit Suisse

The Hong Kong Monetary Authority HKMA and the Hong Kong Securities and Futures Commission SFC on Monday welcomed the acquisition of Credit Suisse AG by UBS AG.
UBS to buy Credit Suisse: Swiss government - China Finance News
Finance

UBS to buy Credit Suisse: Swiss government

Logos of Swiss banks UBS and Credit Suisse are seen on an office building in Zurich Switzerland on March 19 2023.
UBS seeks US$6b in govt guarantees for Credit Suisse takeover: source - China Finance News
Finance

UBS seeks US$6b in govt guarantees for Credit Suisse takeover: source

UBS AG is asking the Swiss government to cover about US$6 billion in costs if it were to buy Credit Suisse, a person with knowledge of the talks said.
Credit Suisse to borrow up to US$54b as it seeks to calm investor fears - China Finance News
Finance

Credit Suisse to borrow up to US$54b as it seeks to calm investor fears

Ralph Hammers CEO of Credit Suisse rival UBS UBS said market turmoil has steered more money its way and Deutsche Bank CEO Christian Sewing said that the German lender has also seen...
Economists maintain China's 5.3 percent GDP growth forecast in 2023 - China Economy News
Economy

Economists maintain China's 5.3 percent GDP growth forecast in 2023

UBS meanwhile upgraded its China GDP growth forecast for 2023 2024 to 5.4 percent and 5.2 percent respectively from the earlier 4.9 percent and 4.8 percent.
'The best is still ahead of us,' global brokerage firms tell their Chinese clients - China Finance News
Finance

'The best is still ahead of us,' global brokerage firms tell their Chinese clients

Global financial services groups like Nomura and UBS are upbeat about growth prospects for the Chinese capital market and are planning big moves after years of operations.
China's banking sector to keep growing amid challenges - China Finance News
Finance

China's banking sector to keep growing amid challenges

In the second quarter Chinese banks may see a slowdown in profit growth compared with the first three months but the results are expected to remain decent said May Yan head of China...
UBS: China's electric passenger car market to gain traction - China Auto News
Auto

UBS: China's electric passenger car market to gain traction

China's electric passenger car market is expected to see total production and sales of 6 million vehicles this year, according to an UBS analysis.
Strong growth seen in China's mutual fund industry in Q2 - China Finance News
Finance

Strong growth seen in China's mutual fund industry in Q2

In the April June period domestic mutual funds reversed the defensive stance of the first quarter said Meng Lei China Equities Strategist at UBS Securities.
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