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Reuters - 15 hours ago

UBS to expand presence in U.S. market - Swiss paper

UBS to expand presence in U.S. market - Swiss paper Dec 3 (Reuters) - Swiss bank UBS UBSG.S plans to expand its presence in the U.S. market as part of its strategy to hit $150 billion in net new money, or inflow of new funds, per year, an executive told Swiss newspaper NZZ Am Sonntag in an interview published on Sunday. The fourth-largest asset manager in the United States plans to invest heavily over the next three years, Iqbal Kahn, head of its asset management division, told the paper.
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Reuters - 3 days ago

UBS sees more senior private banker departures in Hong Kong- Bloomberg News

MEDIA-UBS sees more senior private banker departures in Hong Kong- Bloomberg News -- Source link: https://tinyurl.com/345d2d3y -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Reuters - 3 days ago

Brokerages raise India's economic growth forecast after upbeat Q2

UPDATE 1-Brokerages raise India's economic growth forecast after upbeat Q2 Adds forecasts from Morgan Stanley, UBS and Nomura; changes dateline Dec 1 (Reuters) - Several brokerages, including Wall Street majors BofA and Citigroup, raised their forecasts for India's economic growth for the current fiscal year, after the country's economy grew at a faster-than-expected pace in the second quarter.
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Reuters - 3 days ago

Swiss GDP grows by 0.3% in third quarter

UPDATE 1-Swiss GDP grows by 0.3% in third quarter Adds PMI ZURICH, Dec 1 (Reuters) - Switzerland's economy grew by 0.3% during the third quarter, the government said on Friday, as the service sector helped offset stagnating manufacturing growth. The rate - adjusted for sporting events - was up from the flat development in gross domestic product in the previous April to June period , and was better than the 0.1% forecast in a Reuters poll.
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Reuters - 3 days ago

Job cuts, lean bonuses loom over Europe's bankers in 2024

ANALYSIS-Job cuts, lean bonuses loom over Europe's bankers in 2024 Geopolitics may extend dealmaking depression Bonuses largely expected to disappoint Peak rates, new capital rules to crimp bank earnings Hefty job cuts feared, firms still open to top talent By Sinead Cruise, Iain Withers and Lawrence White LONDON, Dec 1 (Reuters) - A mix of global economic unease and geopolitical uncertainty means optimism is in short supply among bankers from the City of London to Frankfurt's 'Mainhattan' finan
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