UBS Group AG

UBS Group AG anticipates the United States to enter a recession next year, leading to a string of Federal Reserve rate cuts. The Swiss bank’s predictions are notably more bearish than the market consensus. CNBC reported that UBS anticipates the Federal Reserve to slash interest rates by up to...

Swiss investment bank UBS Group AG (NYSE: UBS) and its beleaguered peer Credit Suisse AG (NYSE: CS) have reached an agreement for the former to acquire the latter in a deal brokered by the Swiss government. What Happened: UBS has agreed to pay 3 billion Swiss fancs ($3.25 billion) in...

The Past Week, In A Nutshell What Happened: After auctioning to new all-time highs, U.S. index futures moved back into balance. Remember This: “With Global Liquidity jumping by some US $20 trillion in 2020, or some 25% of World GDP, there is a lot to spend... Consider that following the 1930s...

Insured losses from Hurricane Dorian’s direct hit on The Bahamas could approach $5 billion, according to various estimates made as damage assessments began late last week. The total loss, which includes large amounts of uninsured property, could be twice as much.  The catastrophe risk...

Wealthy U.S. investors are keeping a tight grasp on record cash balances, fearing that the U.S. presidential election will devastate their retirement savings, Reuters reported, citing a senior UBS Group AG executive. Bob McCann, who chairs the UBS' Americas division, told Reuters that while clients...