UBS
Former UBS CEO backs Swiss regulator in dispute with bank
Oswald Grübel, ex-CEO of UBS and Credit Suisse, sides with Finance Minister Karin Keller-Sutter against UBS's pushback on stricter capital rules. He argues state oversight is essential to prevent systemic risk.
UBS downgrades Klarna to Neutral, cuts price target to $16
UBS downgraded Klarna's stock to Neutral from Buy and slashed its price target to $16 from $23, citing a guidance cut and executive departures. Shares fell 31% in a week.
Pound seen rising as yield gap with euro widens, UBS forecasts
UBS expects sterling to strengthen against the euro to 0.85 by late 2027, citing a 1.5 percentage point yield advantage and fading risk premiums. ECB’s final hike in September may reinforce the trend.
JPMorgan poaches Bank of America’s tech M&A head for North America role
David Fishman joins JPMorgan as vice chair and head of technology M&A in North America, reporting to the firm’s co-heads of tech investment banking and global M&A chief. Fishman spent 15 years at BofA, most recently co-leading its TMT M&A.
Aryzta shares drop 6% after UBS downgrades to sell on margin concerns
Swiss bakery group’s stock falls as UBS cuts price target to CHF40 and slashes earnings forecasts, citing weaker growth and margin pressures in Germany and GLP-1 diet trends.
Swiss Market Index slips 0.26% as Logitech, Swiss Re lead declines
Logitech and Swiss Re shares drop nearly 3% each as SMI falls 0.26%, while Aryzta hits multi-year low after UBS downgrade. Oil near $94, Brent nears $100 as inflation concerns resurface.
BMO reshuffles international capital markets leadership amid global expansion
Richard Couzens to lead unified international capital markets unit, while Chris Taves prepares to retire in 2027. Restructuring follows BMO’s push into EMEA and Asia.
Swiss stocks edge higher as Roche, Novartis offset losses; Logitech slides
SMI gains 0.1% as healthcare giants support index; Logitech drops 1.3% after JP Morgan downgrade. Oil holds near $92, gold dips as yields fall.
Swiss SMI rebounds into positive territory after midday losses
The SMI turned positive by 0.15% after trading lower all day, with Roche and Novartis narrowing declines. Brent crude held above $93 a barrel amid Middle East tensions.
LGT posts 17% profit gain as assets top CHF400bn in H1 2026
Private bank’s net new money inflows hit CHF12.3bn, lifting managed assets to a record CHF412.6bn. CET1 ratio declines to 18.0% as costs rise 2%.
Swiss stocks rise as 19 of 20 SMI components gain; Roche leads, Aryzta slumps
The SMI advanced 0.12-0.16% with Roche up 0.52% as 19 of 20 index members gained. Aryzta tumbled over 6% after UBS downgraded it to sell amid broader market strength.
Headhunter Jauch: Balancing growth and risk key to sustainable private banking
Headhunter Reto Jauch argues that Swiss private banks must blend aggressive growth with disciplined risk management, with robust governance and compliance at the core of long-term stability.
CSL shares rise 3.3% after FY26 results, buyback announced
Australia’s CSL advanced for a second day as investors digested stronger-than-expected earnings and a A$1.1 billion buyback program. Brokerage firms upgraded price targets following the FY26 results.
US stocks rise as Moderna surges on cancer therapy data; SMI advances 0.36%
Moderna’s mRNA cancer vaccine trial results drove a near-doubling of its share price, while the Dow, S&P 500 and Nasdaq 100 posted modest gains. Swiss equities advanced as geopolitical risks and bond yields weighed on risk appetite.
US stocks slip on Walmart earnings, oil prices; SMI extends losses
Walmart shares drop 6% on weak U.S. sales; Deere gains 4% on upbeat outlook. Brent crude hits $94/bbl as Middle East tensions rise. SMI falls 0.45% with Logitech, Swiss Re leading declines.
M&G appoints Daiichi Life executive as non-executive director
Hitoshi Yamaguchi joins M&G’s board as part of a strategic partnership with Daiichi Life Group. The appointment strengthens ties between the insurers and takes effect in September 2026.
Genfer Privatbank Hinduja wechselt zu ARYA, ernennt neuen CEO
Das traditionsreiche Schweizer Private-Banking-Haus Hinduja Banque Privée wird als ARYA Banque Privée neu positioniert, mit modernisierter Führung und einer produktorientierten Strategie. Pascal Botteron übernimmt die CEO-Rolle.
Goldman Sachs to acquire LCN Capital Partners for up to $410 million
U.S. investment bank to pay $260 million upfront and up to $150 million in deferred consideration for commercial real estate investor LCN Capital Partners, with deal expected to close by year-end.
UBS downgrades Scor to ‘sell’ on reinsurance pricing headwinds
Analysts cut Scor’s price target by 6% to €32.50 after downgrading the French reinsurer to ‘sell’ ahead of next month’s Monte Carlo Rendez-vous, where sector pricing is expected to soften.
Nike shares hit 12-year low as UBS warns of falling sneaker prices
Nike stock fell to its lowest level since 2012 after UBS downgraded the company, citing concerns over declining sneaker prices and weak demand. Analysts warn of further pressure.
UBS upgrades financials, capital goods in European sector rotation
Swiss bank shifts stance on European equities, lifting financials and capital goods sectors amid broader rotation strategy.