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European Investment Banks With U.S. Exposure Best Placed to Gain From Trump Win -- Market Talk
UBS Group seeks to expand its Bank of America license to drive growth.
Globe Enterprise on November 19｜ubs group is seeking broader permission to conduct business in the usa, viewing this market as a growth opportunity. An ubs group spokesperson stated that applying for a license under the supervision of the mmf would make it easier for ubs group to issue loans and attract deposits in the usa. ubs group CEO Sergio Ermotti has made the expansion of the usa wealth market a key part of its strategy.
UBS Group Chairman: Asia will be a key growth area in the future
Grants on November 19th｜UBS Group Chairman Colm Kelleher stated in Hong Kong at the International Financial Leaders Investment Summit that if UBS were taken over by the government that year, it could trigger market turmoil. He believes that UBS buying in as a private market institution would be the most effective way to stabilize the market. After the merger with UBS, UBS has also set a long-term development strategy and Asia will be a key growth area in the future. Regarding future risks, Kelleher believes that on the one hand, attention should be paid to market changes brought about by artificial intelligence, while also focusing on traditional regulatory institutions and financial market activities outside their jurisdiction, such as the potential risks posed by virtual currencies.
UBS Group CEO Warns of Client Migration Challenges in Credit Suisse Integration
China Resources Beverage: Actions to stabilize prices and the end of the price stabilization period.
China Resources Beverage (02460) announced that the stabilizing price period for the global sale ended on November 17, 2024 (Sunday), which is the 30th day after the deadline for submitting applications for the Hong Kong public offering. The stabilizing actions taken by the stabilizing price operator, UBS AG Hong Kong Branch or its affiliates or anyone acting on their behalf, during the stabilizing price period are as follows: (1) A total of 52.1738 million shares were overallocated in the international offering, accounting for the total number of shares available for subscription under the global offering before any over-allotment option is exercised.
S&P Sees Some Signs of a US Credit Bubble as Spreads Tighten