Tag: NYSE:UBS
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Apple’s Buy Now Pay Later, FTX Founder Bribery Charge, UBS Appoints Sergio Ermotti
Adidas Objects to BLM Adidas (XETRA:ADS) lawyers have asked America’s trademark regulators to reject the logo submitted by Black Lives Matter, an anti-racist foundation, citing that BLM’s design, three yellow stripes, could easily be mistaken for Adidas’ famous motif. The German sportswear giant has previously admitted to having too few black staff members, following employee…
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Economic News: Financial Markets Stabilize, Eurozone Banks Cut Lending, Class-A Offices Struggle
Financial Markets Stabilize On Tuesday, European equities’ advance slowed down as investors remained cautious about the recent banking turmoil. The Stoxx Europe 600 Banks index, including the biggest lenders in the region, was down by 0.1%. The regionwide benchmark Stoxx 600 (STOXX:SX5E) was down by 0.1%, Germany’s Dax (DBI:DAX) was flat, and London’s FTSE (FTSE:UKX)…
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Market News: Deutsche Bank Vulnerabilities, Binance Faces Lawsuit, Eurozone Deposit Outflows
Deutsche Bank Vulnerabilities After a decline last week, Deutsche Bank (NYSE:DB) shares regained their position and rose by 6% on Monday. However, investors are still concerned and have begun examining the bank’s vulnerabilities. The bank’s default credit swap cost decreased on Monday, but it is still at pandemic levels. UBS Group AG’s (NYSE:UBS) merger with…
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Market News: First Citizens Bank to Purchase SVB, Chairman of SBN Resigns, Accenture to Cut 19,000 Jobs
Record Inflow into US MMFs So far this year, more than $286bn has flowed into US money market funds, the biggest inflow since the Covid-19 crisis. The collapse of two regional US banks and the rescue of Credit Suisse (NYSE:CS) by banks has raised concerns about the safety of bank deposits. Goldman Sachs (NYSE:GS), JPMorgan…