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"The larger the stimulus used by China to offset the trade war impact, the bigger will its deficit likely be," UBS's Tao Wang, Chief China Economist, said in a report on Tuesday
It's much better to just buy stocks whenever and hold them for the long-term, according to UBS' Justin Waring, the Investment Strategist Americas in the Chief Investment Office of the Wealth Management division.
"The recent sell-off presents investors with an attractive opportunity to buy Italian two-year bonds," Mark Haefele, the chief investment officer of UBS Wealth Management, said on Wednesday.
There are housing affordability crises in many more cities because housing costs have risen faster than incomes, according to UBS' 2018 Global Real Estate Bubble Index. Policymakers will need to step in, but the appropriate response could be challenging to nail down.
The boss of Santander’s digital bank says it will be ‘the same direction but faster’ under new CEO Andrea Orcel
Openbank CEO Ezequiel Szafir told BI that Andrea Orcel will have "the same strategy but make it go faster and further" when he joins as CEO of Santander next year.
Deutsche Bank CFO denies it had internal talks about a merger with Swiss giant UBS — and calls such reports ‘fictions of the press’
Citing people familiar with the matter, Handelsblatt said that senior Deutsche Bank staff discussed the possibility for a tie up with UBS — which would combine the biggest lenders in Germany and Switzerland — at a strategy meeting earlier in September.
"Delighted that Andrea Orcel is joining us as Group CEO. As we continue to transform Santander his experience is invaluable. Welcome Andrea," Ana Botin, Santander's executive chairman said in a tweet.
According to UBS' annual survey of family offices, hedge funds now account for just 5.7% of all investments in the sector. "Amid concerns over weak performance and relatively high fees, allocations to hedge funds declined for at least the fourth consecutive year," the bank said.
Major banks and other financial institutions are in the process of choosing new EU hubs to mitigate the impact of Britain leaving the European Union
The investment bank expects around €250 billion of daily euro clearing business will shift from London's LCH to Deutsche Borse's Eurex in Frankfurt. Deutsche Bank, Barclays, and HSBC have all moved some of their euro-denominated clearing business to the continent in recent months.