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A majority of the world’s richest investors expect a ‘significant’ stock sell-off in 2020, UBS survey finds

UBS assessed 3,400 investors with more than $1 million in assets, finding that most see more volatility and that the US-China trade war is a concern.

Trump’s tariffs will ‘scorch’ growth in 2020 and job losses are likely, says UBS

The Swiss bank expects GDP growth to average at 1.1% in 2020. "The trade war has had a greater effect on the economy than we had expected," it said.
Switzerland's national flag flies below a logo of Swiss bank UBS in Zurich

UBS faces a $51 million fine for overcharging Hong Kong accounts through excess trade fees

Hong Kong's Securities and Futures Commission found the bank's malpractice affected roughly 5,000 clients over about 28,700 transactions.
Amazon CEO Jeff Bezos has a net worth of $112.8 billion.

Companies run by billionaires performed twice as well as the market average in the last 15 years and it’s part of the ‘billionaire effect,...

Stockholders have billionaires' shared personality traits to thank for the "billionaire effect," according to UBS and PwC
Amazon CEO Jeff Bezos.

Tech billionaires’ net worth has skyrocketed, and it looks like they’ll only get richer

"Tech billionaires have driven almost a third of the growth in billionaire wealth" over the past five years, a new UBS report found.
Traders work on the floor at the NYSE in New York

A new venture backed by Morgan Stanley and UBS is seeking to become a low-cost alternative to the New York Stock Exchange and Nasdaq

Members Exchange is looking to launch as early as mid-2020, and may offer early traders rebates to kick off activity on the new exchange.

Here’s why JPMorgan and Goldman Sachs say 2019 is the year climate change is at the top of investors’ minds

"2018, 2019 will be remembered as watershed years for climate change awareness," says JPMorgan.

Wall Street analysts are slashing their Netflix stock forecasts in expectation of a weak earnings report

Goldman Sachs expects subscriber growth to land "modestly below guidance," and UBS noted international growth may offset strong US trends.

UBS says global growth will slow in 2020 to its slowest pace since the financial crisis

"We don't rule out a worsening of the trade situation over the next six to 12 months."
Iqbal Khan, the former boss of Credit Suisse's wealth management division.

Spies, suicide, and a clash at a cocktail party — here’s what we know about the scandal rocking Credit Suisse

The Swiss bank hired private investigators to tail top executive Iqbal Khan after he feuded with CEO Tidjane Thiam and joined local archrival UBS.