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UBS OVERHAUL
UBS downgrades HAL shares to neutral, stock down 3% on muted near-term outlookHAL shares: UBS has set a new 12-month price target of Rs 5,600 per share for HAL, indicating a potential upside of 14.5% from its Monday c...- UBS 1Q profit tops expectations but Trump tariff shock clouds outlookUBS reported a better-than-expected Q1 net profit of $1.7 billion, driven by strong performance in its investment banking division. However...
- HAL shares jump over 3% after UBS raises target price to Rs 5,200Hindustan Aeronautics (HAL) saw a significant increase of 3.6% in its shares on Tuesday, reaching an all-time high of Rs 4,064 on the Bomba...
- UBS overhauls board of domestic businessThe lender said Roger von Mentlen will become chairman of the boards of directors of UBS Switzerland and of Credit Suisse Switzerland.
- Credit Suisse clients flee to UBS in Asia Pacific as rich weigh optionsHundreds of wealthy customers have sought to place their funds with UBS in the key growth region, and the bank is planning to re-allocate s...
- Scandal-hit Credit Suisse considers creating single private bankThe executives are concerned that Switzerland's second-largest bank, which has been hit by two scandals this year, could face break-up call...
- European shares near record high as industrials jumpThe pan-European STOXX 600 rose 0.1 per cent and was set to end a volatile week modestly higher.
- Fearing predators, Credit Suisse seeks new look or even merger: SourcesNew chairman, Antonio Horta-Osorio, announced a strategic review in late April, telling investors he would take time in reaching hard decis...
- Market Movers: Are ITC investors the eighth wonder of the world? Blockbuster day for MothersonAnalysts said ITC’s FMCG business did poorly on the margin front.
- Son has now pledged 40% of his stake in SoftBank to lendersSoftBank has been battling on several fronts this year, including facing pressure from Elliott Management Corp., which called for a special...
- UBS cuts Sergio Ermotti's pay after French court blow, overhauls bonus schemeUBS Chief Executive Sergio Ermotti, who is due to be replaced by ING head Ralph Hamers in November, was awarded a total 12.5 million Swiss ...
- Don't cheer GDP print too much, it can only make life hard for usHigher cost of money can dent consumer demand in India, which has just begun to look up.
- Credit Suisse risks 3rd straight loss on Trump tax overhaulThe new tax bill means both “Credit Suisse and UBS will have to book a loss.
- Deutsche Bank to pay US, UK $2.5 billion over interest rate manipulation: NY regulatorsDeutsche Bank must terminate six London employees and one in Frankfurt who engaged in wrongful conduct, according to Thursday’s settlements.
- HSBC to axe 10,000 people outside UK: ReportHSBC, headquartered in London, will reportedly remove at least 10,000 people from their jobs, a TV news channel said on Sunday.
- Dollar drops to a 1-month low against the euroThe dollar fell to a one-month low against the euro as investors believe European officials will soon beef up the region's plans for counte...
- Top UBS executive detained in US over tax evasion chargesUBS, reeling under record losses, said the US Department of Justice is investigating whether the world’s biggest money manager for the weal...
- Kingfisher, Deccan to set up MRO facility in BangaloreAir Deccan and Kingfisher would set up a maintenance, repair and overhaul (MRO) facility in Bangalore, Air Deccan Managing Director GR Gopi...
- China set to lift ban on Sino-foreign brokeragesChinese authorities will launch a pilot program permitting a few overseas firms to take 20 percent stakes in existing domestic brokerages.
- Mason & Summers agrees to withdraw Royal Crown whiskyThe Ramesh Vangal-led Mason & Summers is pulling out one of its front-line spirits brands in the wake of a trademark dispute resolution wit...
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