|Bid||11.98 x 21500|
|Ask||11.99 x 38800|
|Day's Range||11.95 - 12.05|
|52 Week Range||11.32 - 16.68|
|Beta (3Y Monthly)||1.10|
|PE Ratio (TTM)||11.21|
|Forward Dividend & Yield||0.69 (5.66%)|
|1y Target Est||16.00|
US growth and bond yields have converged towards those of the rest of the world this year. Neither a dovish Fed nor a currency-focused White House has been able to change its trajectory. are not being scripted in the US but in the rest of the world.
Investors in currency markets are growing increasingly fearful of a chaotic Brexit, piling into contracts which pay out if sterling fluctuates wildly in the run-up to the Halloween deadline. The UK currency ...
Shares of Teva (TEVA) are on a downtrend on the risk of high litigation costs related to opioid epidemic in the United States. Morgan Stanley downgrades its rating on Teva.
UBS Financial Services Inc. is proud to announce that Kevin Roth has joined the 1285 Avenue of the Americas branch office in New York City, as a Financial Advisor and Senior Vice President—Wealth Management. For the past 19 years, Roth has built his career advising and working with Ultra High Net Worth (UHNW) clients.
Santander offered to pay Andrea Orcel a sign-on package worth up to €52m in its aborted attempt to recruit him as chief executive, according to a formal offer letter seen by the Financial Times. In the ...
UBS Private Wealth Management is proud to announce that Mariia Eroshin, CFA, CFP®, has joined the Northwest Private Wealth Management market, as a Financial Advisor and Senior Vice President—Wealth Management in San Francisco. Eroshin has had a long and successful career in the financial services industry, holding senior roles at several other firms including a multi-family office before joining UBS. For the last 11 years, Mariia has been an Adjunct Faculty at University of San Francisco, teaching in a Master of Science in Financial Analysis Program.
This weekend, German lender Deutsche Bank (DB) announced a major restructuring plan that it will undertake over the next four years. The restructuring is projected to cost a total of $8.3 billion and is to be completed by the end of 2022.
Sterling fell as much as 0.4 per cent to $1.246 on Tuesday. , the frontrunner in the battle to replace Theresa May as Conservative leader and prime minister, has said Britain should part with the EU on October 31 “come what may”. Jeremy Hunt, the other contender in the leadership fight, has also been forced to take a similar tack.
On CNBC’s "Trading Nation" on Monday, Boris Schlossberg of BK Asset Management says if he's going to invest in European banks amid Deutsche Bank AG (NYSE: DB ) struggles, UBS Group AG (NYSE: ...
The head of UBS for Australia, Matthew Grounds, is leaving the Swiss bank amid a wider shake-up in the local investment banking market. UBS said in a memo on Tuesday that the 49-year-old banker had decided ...
Foreign firms are set to benefit as China plans to end all ownership limits within its financial sector a year earlier than previously stated.
UBS Financial Services Inc. announced today that Thomas Mahoney, a Private Wealth Advisor at The Mahoney Group in Los Angeles, has been named to the Forbes' Best-in-State Top Wealth Advisors list, for the state of California. Mahoney is a 32-year veteran of the financial services industry and is respected as an intense, focused and highly service-oriented professional. After receiving his B.B.A. in Finance from the University of Wisconsin-Madison, Mahoney earned an M.B.A. from Pepperdine University in California.
BEIJING/HONG KONG (Reuters) - A former UBS banker in China has been sentenced to nine years in prison by a Shanghai court for disclosing inside information related to an acquisition deal in 2017, court documents show and sources with knowledge of the case said. The documents said that Sang shared information with two associates about a Chinese shipping firm's acquisition of a Hong Kong company. Two people with knowledge of the case said that Sang was a former vice president in the investment banking department at UBS Securities, the Swiss bank's Chinese brokerage unit.
SINGAPORE/HONG KONG (Reuters) - UBS has asked its senior client advisers to call or even meet private banking customers from China who have raised concerns about a comment from one of the bank's economists that some people interpreted a racist slur, sources told Reuters. A reference to Chinese pigs was made in an inflation analysis podcast by UBS global chief economist Paul Donovan, who has since been put on a leave of absence as the bank reviews the matter. The Swiss private banking giant has told senior managers to prioritse any concerns on the matter raised by customers in China, a key market for UBS, and to explain its position on the remark and actions taken so far, the sources familiar with the matter said.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.UBS Group AG is taking steps to ensure its head start over competitors in China isn’t jeopardized by controversial comments by a senior economist that already cost the firm at least one bond deal.In previously scheduled meetings with Chinese regulators this week, senior Asia-based UBS executives said that economist Paul Donovan’s use of the phrase “Chinese pig” in an analysis of swine flu wasn’t meant to be derogatory, according to people with knowledge of the matter. Regulators responded that the bank should take extra care with the language it uses in research, said the people, who asked not to be identified because the information is private.UBS executives came away from the discussions with the impression that the firm’s China business would avoid a material hit from regulators, the people said.The meetings suggest a measured response by Chinese authorities after Donovan’s comments sparked a social-media outcry. While the country’s State-Owned Assets Supervision and Administration Commission has informally advised government-run companies to temporarily suspend hiring UBS for deals, it has stopped short of issuing a ban, people familiar with the matter said.UBS has been quick to capitalize on China’s moves to further open its financial markets, last year becoming the first global bank to get permission to take a majority stake in an existing onshore securities joint venture. The firestorm over Donovan’s comments, made in a regular audio note, illustrates the balancing act foreign investment banks face in China at a time of heightened political tensions globally, with domestic rivals willing to seize on any missteps.China Railway Construction Corp., a state-owned infrastructure company, excluded the bank from a bond sale last week. UBS expects to lose a few more debt mandates for smaller government-run companies, but the roles are junior and the loss of fees negligible, a person familiar with the firm said.“Does this matter? It matters if you are a Chinese pig,” Donovan said in his audio commentary, which was emailed last week. “It matters if you like eating pork in China. It does not really matter to the rest of the world. China does not export a lot of food. The only global relevance would be if Chinese inflation influenced politics and other policies.”A spokesman for UBS, which publicly apologized for Donovan’s remarks and put him on leave, declined to comment. SASAC didn’t reply to a faxed request for comment. Last week, an association representing Chinese-owned securities firms in Hong Kong called for UBS to dismiss those involved.UBS raised its stake in UBS Securities Co., the local joint venture, to 51% in December. Chief Executive Officer Sergio Ermotti has already moved to take advantage of winning control, beefing up the ranks of senior executives at the JV. For UBS, already the world’s largest private bank, the swelling ranks of millionaires in China represents a huge untapped business opportunity.JPMorgan Chase & Co., Nomura Holdings Inc. and Morgan Stanley have also bought majority stakes in their Chinese JVs or started taking steps to do so. In about two years, China is expected to let foreign banks purchase full ownership -- a move that may spur them to pour more resources into their local operations.To contact Bloomberg News staff for this story: Cathy Chan in Hong Kong at firstname.lastname@example.org;Steven Yang in Beijing at email@example.comTo contact the editors responsible for this story: Philip Lagerkranser at firstname.lastname@example.org, ;Shiyin Chen at email@example.com, Michael PattersonFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.