NewsBite

UBS

This Month

Credit Suisse earlier paid $US2.6 billion in fines to the US, but failing to carry out the follow-up actions left it open to further penalties.

UBS set to settle Credit Suisse US tax case, WSJ reports

A settlement in the hundreds of millions of dollars related to a decade-old tax evasion case could come as soon as this week, The Wall Street Journal reported.

  • Noele Illien
European airlines have complained that Chinese carriers have an unfair advantage and are establishing a stranglehold on routes between the two regions.

Chinese airlines rush into Europe as Western carriers retreat

Scandinavian Airlines, Lufthansa, British Airways and Virgin Atlantic have all suspended some routes to the mainland in 2024, citing cost pressures from avoiding Russia.

  • Chan Ho-him and Philip Georgiadis
It might be wise to stick with the Trump trade for a while.

Three assets to sell right now and three to buy for 2025

Leading market strategists say it’s time to take a hard look at your portfolio and sell stocks that have been good to you.

  • Andrew Hobbs

December 2024

Goldman Sachs co-head of investment banking Nick Sims.

JPMorgan leads ECM league table for first time in decades; Goldies sweeps M&A

While flashy M&A draws the eyeballs, 2024 has been a remarkable year for equity desks.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Loscam previously attempted to hive off its Australian business via Goldman Sachs and UBS.

Brookfield in advanced talks to buy Loscam Asia-Pacific division

While there have been plenty of false starts in the efforts of Loscam’s owners to exit the business, sources said the transaction was on track to sign soon. 

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Advertisement
Rio Tinto is expected to start producing lithium from its Rincon project in Argentina before the end of 2028.

Rio Tinto sinks $3.9b into Argentina lithium project

Rio Tinto has doubled down on its lithium bet with a big investment in its Rincon lithium brine project, months after agreeing to buy Arcadium Lithium.

  • Elouise Fowler and Mark Wembridge
Carlyle country head Geoff Hutchinson.has finished up the year with a bang.

Bigwig lenders line up to bankroll Carlyle’s big waste services buy

Confidential documents seen by Street Talk show the Nasdaq-listed asset manager has secured a covenant-lite unitranche loan.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Inside The Ivy Level 6 penthouse, where UBS didn’t want to be.

UBS, Citi, ANZ and CBA navigate fraught Christmas parties

The investment bankers of Sydney held their year-end dos against a backdrop of complex contextual matters.

  • Myriam Robin and Mark Di Stefano
The biggest investment banks work hard to put themselves at the top of important league tables as they set up to compete for deals next year.

Block trade rush trips up investment banks amid league table scramble

A number of massive sell downs in the last month have given equities teams an opportunity to jump up all-important rankings as they position for next year.

  • Jemima Whyte and Kanika Sood
UniSuper investments chief John Pearce is done with APA Group.

Goodbye, APA! UniSuper sells leftover $340m stake in pipelines giant

It’s been a block bonanza for fund managers and investment banks this week, as founders and institutional investors seek to cash out before Christmas.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
The bulls are charging into 2025 with plenty of momentum.

Here’s the key ASX sector UBS is targeting in 2025

The ASX 200’s strong rise has been tinged with frustration for many investors because of the banks and miners. UBS is hunting in a different sector in 2025.

  • James Thomson

November 2024

RBA governor Michele Bullock told attendees that inflation was still too high while speaking on Thursday night.

Economists abandon hopes of RBA cutting rates in February

Economists at AMP, ANZ and Bank of Queensland have joined a chorus of forecasters expecting rate cuts no sooner than May.

  • Alex Gluyas and Joshua Peach
UBS sees a big opportunity in the growing number of wealthy women in Australia.

Rich women top UBS wish list as it targets $46b in Australia

The bank is returning to wealth management Down Under after it exited almost a decade ago, tapping the Credit Suisse franchise it bought to make a renewed charge.

  • Updated
  • Harry Brumpton
xx

White cleared at AGM; Healthscope cancels Bupa deal; Musk slams PM

Read everything that’s happened in the news so far today.

The starting point in 2025 is expensive markets that have run hard in the past two years.

Where Goldman, UBS, JP Morgan and Morgan Stanley are investing in 2025

We read next year’s outlook statements from the world’s big banks so you don’t have to. Here are the gems we found.

  • James Thomson
Advertisement
Mitchell Schauer leads Jarden’s real estate offering.

Former UBS real estate operative pops up at rival bank

Street Talk understands the investment bank has drafted in ex-UBS veteran and head of real estate sales and execution Tim Leahy.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Barrenjoey has extended its leadership in the Research and Sales Strength Index.

Peter Lee reveals the most loved analysts and traders of the year

The 2024 broker review is the result of interviews with more than 100 of Australia’s largest institutional equity investors.

  • Updated
  • Sarah Thompson, Kanika Sood and Emma Rapaport
We remain committed to Commonwealth Private being the number one banking proposition for our high-net-worth clients in Australia,” CBA executive Angus Sullivan said.

CBA exit hands $5b in assets to LGT Crestone

As first reported by Street Talk, CBA sold the Commonwealth Private business and its $5 billion in funds under management to LGT on Monday.

  • Lucas Baird
Livingbridge bought Waste Services Group from The Riverside Company and The Silverfern Group in 2021.

Waste Services Group narrows to two-horse race; final bids loom

US private capital juggernaut The Carlyle Group and Pacific Equity Partners’ buyout team are both through to the final binding bidding stage.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
UBS chief economist George Tharenou said public sector wages had more than doubled since 2008-09, keeping upward pressure on interest rates.

Public servant wages rise to $232b at fastest pace in 15 years

UBS chief economist George Tharenou said public sector wages had more than doubled since 2008-09, keeping upward pressure on interest rates.

  • Michael Read

Original URL: https://www.afr.com/company/ubs-group-ag-1mva