Colm Kelleher. Pete Marovitch | Bloomberg | Getty Images UBS appointed former Morgan Stanley chief Colm Keeler on Saturday as its surprise pick to succeed Axel Weber as the world’s largest wealth manager when his term ends in April. Kelleher, an Irishman from County Cork, retired from his position at Morgan Stanley in 2019 after … Read more
Shaquille O’Neal Rich Fury | Getty Images Entertainment | Getty Images Shaquille O’Neal once signed the richest contract in sports history and then won four NBA titles. These days, Shaq has a new business he’s trying to conquer: chicken sandwiches. O’Neal, who was inducted into the NBA Hall of Fame in 2016, is the co-owner … Read more
LONDON – The chairman of Swiss banking giant UBS has highlighted the importance of collaboration and regulation when it comes to raising capital related to sustainability, telling CNBC it’s a “daunting task”. “We need to understand the urgency of the situation,” said Axel Weber. “We need to increase, between now and 2050 … 120 to … Read more
Share prices of Chinese technology companies Baidu, Alibaba and Meituan are among those displayed on Exchange Square in Hong Kong on March 23, 2021. Paul Young | Bloomberg | Getty Images UBS said investor concern about the regulatory crackdown in China is likely to ease — and identified Chinese internet stocks as the most preferred … Read more
Cloth Coverini | AFP | Getty Images UBS beat analysts’ expectations in the third quarter as its wealth management division continued to outperform. The Swiss bank on Tuesday reported a net profit attributable to shareholders of $2.3 billion for the period from $2 billion in the second quarter. Analysts had expected the figure to reach … Read more
Autos in the factory production line. Monte Raccoon | Image source | Getty Images Analysts at UBS have named global stocks they say will benefit from shoppers’ spending of the more than $1 trillion they’ve saved during the coronavirus pandemic — and 10 of them have at least a 30% upside potential. .