Tag Archive: UBS

80 percent Of Central Banks Plan To Buy More Stocks

2017-01-24

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2017-01-24

Central banks foreign-exchange reserves, Global debt
Regular readers remember how, when we first reported around the time of our launch eight years ago that central banks buy stocks, intervene and prop up markets, and generally manipulate equities in order to maintain confidence in a collapsing system, and avoid a liquidation panic and bank runs, it was branded "fake news" by the established financial "kommentariat."

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Credit Suisse Settles With DOJ For $5.3 Billion; Will Pay $2.5 Billion Civil Penalty

2016-12-25

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2016-12-25

Credit Suisse
Shortly after last night's news that Deutsche Bank had settled with the DOJ for $7.2 billion, of which it would pay $3.1 billion in a civil penalty, far lower than the $14 billion number initially speculated (the stock popped as much as 4% before settling just over 2% higher currently), Credit Suisse likewise closed the books on its pre-crisis RMBS fraud when the largest Swiss bank agreed to pay $5.28 billion to resolve a U.S.

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Who Has To Work The Longest To Afford An iPhone?

2016-12-13

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2016-12-13

Time Required for Iphone 6
How many hours must you work to buy a new iPhone? It varies dramatically around the world, reflecting disparities in productivity and purchasing power. According to a recent report by UBS that aims to measure well-being by estimating how many minutes workers in various countries must work to afford either an iphone, a Big Mac, a kilo of bread or a kilo of rice, the average worker in Zurich or New York can buy an iPhone 6 in under three working days.

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Former CEO Of UBS And Credit Suisse: “Central Banks Are Past The Point Of No Return, It Will All End In A Crash”

2016-11-21

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2016-11-21

Remember when bashing central banks and predicting financial collapse as a result of monetary manipulation and intervention was considered "fake news" within the "serious" financial community, disseminated by fringe blogs? In an interview with Swiss Sonntags Blick titled appropriately enough "A Recession Is Sometimes Necessary", the former CEO of UBS and Credit Suisse, Oswald Grübel, lashed out by criticizing the growing strength of central banks...

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UBS handed setback in $2 billion mortgage buy-back lawsuit

2016-09-07

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2016-09-07

UBS New York
A UBS Group AG unit was found by a federal judge to have violated some contracts with mortgage-backed securities trusts that hold loans, putting it at risk of having to buy back more loans or pay damages in a $2 billion lawsuit. U.S. District Judge Kevin Castel Tuesday ruled that UBS Real Estate Securities Inc. had breached warranties on 13 of 20 loans in the trusts that were introduced into evidence in a three-week trial in Manhattan in May.

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UBS beats profit estimates as CEO pushes ahead with cost cuts

2016-07-29

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2016-07-29

UBS Group AG beat analysts’ second-quarter profit estimates and said it’s on track to cut costs by 2.1 billion Swiss francs ($2.2 billion) through 2017, with Chief Executive Officer Sergio Ermotti struggling wi...

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2014: Swiss Credit Bubble Popping? No, Lending to the Swiss Private Sector is even Accelerating!

swiss lending
Despite macro-prudential measures like the countercyclical capital buffer, Swiss credit to the private sector is rising more quickly than previously. On the other side, real estate prices are not increasing so rapidly any more. Global risks let M3 money supply growth slow in June 2014.

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UBS Consumption Indicator Points to 2.5 Percent Swiss GDP Growth in 2014

2014-01-30

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2014-01-30

UBS Forecast Swiss Economy September 2013
FacebookShare As usual, the Swiss economy seems to be better than economists thought. After 1.40 still in December, the UBS consumption indicator has risen to 1.81, a value higher than the ones in 2012, when private consumption increased by 2.4%. Similarly as last year, the latest reading contradicts UBS’s own growth forecasts, albeit this year …

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UBS’s Consumption Indicator 1.46 Contradicts UBS’s Swiss GDP Forecast

2013-05-29

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2013-05-29

consumption indicator ubs march 2013
UPDATE, February 2014 According to the latest data from the SECO,Swiss GDP rose by 2% in 2014 and not by 0.9% as the UBS predicted. Once again the Swiss economy seems to be stronger than expected. UBS’s consumption indicator for April came out at 1.46 (details). This number seems at odds with the weak private … Continue reading...

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The history of wrong forecasts by Swiss economists: details

2013-01-13

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2013-01-13

SECO Estimates for 2009 2010
Or how to talk down an economy with wrong forecasts Read the introductory post here, if you haven’t yet. Details of SECO forecasts   In the following we give the details about the SECO, the Swiss government economic agency’s, forecasts.   Forecast Q1/2009 Sharp recession in 2009, gradual stabilization in 2010 Bern, 17.03.2009 – Economic …

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Yearly Swiss Doomsaying and Swissmem’s Control over the Swiss National Bank

2013-01-11

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2013-01-11

Structure of the Swiss economy
  The same as every year in December/January: Swiss media and economists are doomsaying. This time they claim that the banking industry and the UBS job losses will bring Switzerland into trouble. Once again they do not understand that the Great Recession was only to a small part a banking crisis, but it was mostly a … Continue reading »

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The UBS Swiss Real Estate Index in Risk Zone Again

2012-12-17

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2012-12-17

UBS Swiss Real Estate Bubble Index
The UBS Swiss real estate bubble index has reached the risk zone again.More on UBS.

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‘Negative’ has such unfairly negative connotations

2012-12-11

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2012-12-11

Dear people, ATTENTION: HEAD OF FINANCIAL INSTITUTIONS/NETWORKMANAGEMENT/TREASURY AND/OR CASH MANAGEMENT FURTHER TO OUR SWIFT DATED 26 08 2011 PLEASE BE INFORMED THAT DUE TO THE CONTINUED PREVAILING MARKET SITUATION AFFECTING THE SWISS FRANC, WE HAVE...

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Switzerland, the Paradise of Insider Trading and Intransparency

2012-12-07

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2012-12-07

Insider Trading
Switzerland is well known as the country, where even central bankers were allowed to do insider trading. Instead the whistle blowers get problems with the courts. Some new cases of insider  trading include UBS, General Electric and Valiant, see the article on 

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Credit Suisse and UBS Will Charge Negative Interests Above a Threshold

2012-12-03

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2012-12-03

Credit Suisse and UBS will charge negative interests for cash clearing clients above a threshold. Last year such was worth 150 bps, this year on 28 bps.  See the official news at FT Alphaville

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Gold, CHF, Brent Arbitrage Trading after Negative CS, UBS Interest Rates

2012-12-01

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2012-12-01

gold price usd/chf 1972 2012
  Credit Suisse and UBS will charge negative interests for cash clearing clients above a threshold. Last year such news was worth 250 bps, on December 3 only 28 bips. One remembers August 26, 2011, when UBS only spoke of negative interests and consequently EUR/CHF rose from 1.1420 to 1.1688. At the time FX traders …

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UBS Wealthy Clients and Hedge Funds Move into Shorts EUR/CHF

2012-11-13

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2012-11-13

snb assets gold chf usd
UBS wealthy clients and hedge funds are moving into shorts of EUR/CHF. The pressure on the SNB might become challenging. See more on Euromoney.

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Net Speculative Positions, FX Outlook, Global Stock Markets, Week September 10

2012-09-10

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2012-09-10

monopoly
  Submitted by Mark Chandler, from marctomarkets.com Key policy makers are preparing new efforts to address the deterioration of financial and economic conditions.  This is seen reducing tail risks, which allowed the rally in risk assets to be extended, and undermined the dollar.  China is providing new fiscal support.  The ECB announced its new Outright Market …

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What’s this crazy movement in EUR/CHF ? SNB Floor Hike ?

2012-09-10

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2012-09-10

SNB Reserves vs. EURCHF
  On Friday there was a big movement in the EUR/CHF. First it went up to 1.2154,  fell later down to 1.2080 in the main American trading and rose again to 1.21 in the low-volume trading time. We repeat our entry from Friday, because we continuously updated the post after new developments, e.g. after the … Continue reading »

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