UBS gets a new Group CEO, and U.S. regulators said they favor more stringent rules on banks. Big changes are coming to banks.
. Hong Kong's Hang Seng index jumped 2.03% — Chinese tech companies like Tencent, Meituan and Baidu rose alongside Alibaba on news of its split.Generative artificial intelligence will add $7 trillion in global economic growth and help productivity grow by 1.5% over the next decade, Goldman Sachs said. The bank highlightedIf you squint a little, Tuesday looks like a "normal" trading day — almost. That is to say, U.S.
Across the Atlantic, on Tuesday, the Senate grilled U.S. regulators on SVB's collapse. Banks slipped after regulators said they were in favor of tighter rules for banks. But the movement — the SPDR S&P Regional Banking ETF dropped 0.09% — was marginal, compared with the drastic swings of the past two weeks.
Indeed, the expectations index from the Conference Board showed consumers think inflation will remain at 6.3% over the next 12 months, and their short-term outlook is at a level consistent with an imminent recession.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
UBS names Sergio Ermotti as its new Group CEO, following acquisition deal of Credit Suisse
Read more »
'We did not buy Credit Suisse only to close it' - UBS CEOUBS's CEO Ralph Hamers on Monday said the Swiss bank sees its government-orchestrated takeover of Credit Suisse as a growth opportunity, in an internal memo seen by Reuters.
Read more »
UBS turns to ex-CEO Ermotti to steer Credit Suisse takeoverUBS Group AG named former boss Sergio Ermotti as its next chief executive officer on Wednesday, in a surprise move designed to help steer its massive takeover of neighbour Credit Suisse .
Read more »
UBS Brings Back Sergio Ermotti as CEOUBS said its former leader Sergio Ermotti will return as chief executive, as the Swiss banking giant moves into a new era with its takeover of Credit Suisse.
Read more »
UBS rehires Ermotti as CEO to steer Credit Suisse takeover By Reuters*UBS NAMES FORMER LONGTIME CEO SERGIO ERMOTTI AS NEW CEO FOLLOWING CREDIT SUISSE TAKEOVER, REPLACING RALPH HAMERS AFTER 2 YEARS IN THE ROLE $UBS $CS 🇨🇭🇨🇭
Read more »
Sergio Ermotti returns as UBS CEO after Credit Suisse dealUBS said its board made the decision as a result of the new challenges it confronts following its agreement to take over Credit Suisse reached earlier this...
Read more »