European banks need new chiefs
2021-02-13
EUROPEAN BANKS’ fourth-quarter earnings, releases of which are clustered around early February, have been surprisingly perky. Those with trading arms, such as UBS or BNP Paribas, rode on buoyant markets. State support helped contain bad loans; few banks needed to top up provisions.
UBS Multibanking available to corporate clients throughout Switzerland
2021-02-01
UBS has successfully completed the pilot phase of its new multibanking function and is now gradually rolling out the offering across Switzerland. UBS Multibanking will now also give SMEs full transparency over all their accounts and allow them to execute payments debited from accounts with third-party banks directly in UBS E-Banking.
UBS Global Real Estate Bubble Index 2020: Munich and Frankfurt are the most overvalued housing markets globally
2020-10-01
The UBS Global Real Estate Bubble Index, a yearly study by UBS Global Wealth Management’s Chief Investment Office, indicates bubble risk or a significant overvaluation of housing markets in half of all evaluated cities.
Valcambi refinery denies sourcing ‘dirty’ gold from Dubai
2020-09-10
The Swiss-based Valcambi refinery has rejected accusations about gold dealings with a controversial company in the United Arab Emirates.
Art Basel and UBS art market survey shows online sales and millennial collectors increasingly important to an art market hit hard by COVID-19
2020-09-09
Art Basel and UBS today published a 2020 mid-year survey ‘The Impact of COVID-19 on the Gallery Sector’ written by renowned cultural economist Dr. Clare McAndrew, Founder of Arts Economics. The survey findings present an analysis of how the COVID-19 pandemic has impacted 795 galleries operating in the Modern and contemporary gallery sector, representing 60 different markets across all levels of turnover, throughout the first six months of 2020.
Rights activists want Swiss-Chinese trade deal to be overhauled
2020-09-08
Campaigners are urging the Swiss government to renegotiate a six-year-old free trade agreement with China to try to improve human rights and labour conditions for its Uighur Muslim minority.
Chinese-owned Swissport agrees emergency takeover
2020-09-04
A consortium of investors has agreed a €800 million (CHF860 million) bailout of Chinese-owned airport services company Swissport. Revenues at the company have nosedived since the onset of the coronavirus pandemic.