Brought to you by Investec Switzerland. A UBS Group AG unit was found by a federal judge to have violated some contracts with mortgage-backed securities trusts that hold loans, putting it at risk of having to buy back more loans or pay damages in a $2 billion lawsuit. U.S. District Judge Kevin Castel Tuesday ruled […]
UBS’s miserable quarter
Brought to you by Investec Switzerland. UBS’s results are a reminder that even the strongest boats are being buffeted by the storm in financial markets. Tuesday’s slump in profit from both investment banking and wealth management sent the shares to the lowest in a year. It also puts in question the premium valuation the bank […]
SMI up, Roche up, Watch exports slump, Bank capital increases demanded
23 October 2015 – Weekly Swiss and global market roundup. Brought to you by Investec Switzerland. Swiss financial market news Global stocks rallied after “Super Mario” signaled that additional monetary stimulus is on the table if growth continues to falter. The SMI outperformed global stocks after it received a further lift from hints that Europe […]