Group revenues at UBS came in at $14.2 billion for the three months to March, up 13% year-on-year (YoY). Net profit reached $3 billion, up 80%, beating an LSEG consensus of $2.8 billion. Invested assets hit …
Eight years after one of the most controversial initial public offerings of the decade, let’s revisit the Royal Mail IPO. The price of the Royal Mail stock (LON: RMG) skyrocketed shortly after it had begun trading on the London Stock Exchange. For months and years, the company was deemed undervalued and its IPO stock price a bargain.
Every now and again, something happens in the banking sector that makes you amazed nobody is going to prison. Last week it was reported that the European Commission has fined four of the world’s largest banks for involvement in price fixing on the foreign exchange markets.
“Banks are attractive,” Jason argues, “because they are one of the few business models around that – within reason of course – prefer higher interest rates.”
The findings of UBS' Banking and Financial Services Division are interesting. They reflect the major concerns of their clients as global economies emerge tentatively from the disruption of the pandemic.
When it comes to green fintech, Switzerland is on a roll. The Alpine country is stepping up its support for the fashionable holy union of fintech and sustainable investing, with its Federal Council having launched a Green Fintech Network to ‘identify areas in which the conditions for green fintech could be improved’.
Deutsche Bank in New York showed a different approach to the anxiety of junior staff by telling all employees they can keep working at home until July 2021.
n May 28th Muddy Waters posted on its’ site regarding GSX’s reply to its’ report that “GSX’s responses since consist largely of drivel, designed to obfuscate and lie. We maintain our view that GSX is a massive fraud – i.e., it is a nearly empty box. Making GSX’s denials even more farcical is that it openly recruits engineers to help it run bot farms, which we show in this report.“
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