UBS
Banks tipped to rake in $30b as most borrowers weather interest rate storm
Customers who continued paying off home loans despite cost-of-living pressures are expected to support the profits of the majors, to be revealed this week.
- by Sumeyya Ilanbey
Latest
Opinion
China
Trump’s shadow looms larger over China
The increased likelihood that Donald Trump will regain the US presidency is a threat to Xi Jinping’s factory-led strategy for restructuring China’s economy.
- by Stephen Bartholomeusz
Russia sanctions put a rocket under BHP’s copper outlook
Copper is shaping up as a star for the mining giant, as it edges closer to making a final call on its nickel business in West Australia.
- by Simon Johanson
Clothes, home goods slip down the list as shoppers spend on essentials
The Australian economy continues to grapple with sustained inflation across a range of categories, with food prices tracking at 8 per cent in the March quarter.
- by Emma Koehn
UBS preparing to cut over half of Credit Suisse workforce after takeover
Tens of thousands of jobs are at risk across the world, including in Australia, with the cuts set to start next month,
- by Marion Halftermeyer, Laura Benitez and Myriam Balezou
Shoppers spend in store but eat and drink at home as retail resets
On the whole, Australians are still bullish on spending. But retailers are being warned the game has changed.
- by Emma Koehn
Analysis
Executive shake-up
The banker Switzerland trusts to stop the bleeding
Sergio Ermotti fixed Switzerland’s biggest bank after it fell victim to the last financial crash. Now he is being asked to do it all over again.
- by John O'Donnell, John Revill and Stefania Spezzati
Switzerland takes aim at Credit Suisse bonus payouts
Swiss authorities imposed curbs on bonus payments for Credit Suisse employees, a move that will penalise bankers after a multi-billion-franc state rescue of the bank.
- by Tom Sims, Noele Illien and Stefania Spezzati
Turbulence prompts Wall Street banks to trim hawkish Fed bets
Bets on a US Federal Reserve 50 basis point rate rise at the start of the month have been dramatically altered by the collapse of two mid-sized US banks and troubles at Credit Suisse.
- by Susan Mathew
Opinion
Bonds
Credit Suisse fallout: CoCo bondholders go loco
A key element of Credit Suisse’s ‘rescue’ was a Swiss regulator’s decision to declare $26 billion of the bank’s bonds worthless. Other central banks are scrambling to distance themselves.
- by Stephen Bartholomeusz
Credit Suisse’s collapse reveals some ugly truths about Switzerland for investors
For decades, Switzerland has sold itself as a haven of legal certainty for bond and equity investors. The collapse of Credit Suisse has raised some hairy questions.
- by Hugo Miller
Original URL: https://www.smh.com.au/topic/ubs-group-ag-1mva