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UBS reports progress in Credit Suisse integration and cost-cutting, but faces challenges in wealth management growth. The bank's valuation remains steady amid uncertainties about its future performance.
Former Mozambique finance minister Manuel Chang found guilty in US court for involvement in $2 billion loan fraud. Case highlights corruption issues in the developing nation's fishing industry projects.
UBS announces sale of Credit Suisse Insurance Linked Strategies to its management team. The deal, part of UBS's integration efforts following the 2023 acquisition, is set to close later this year.
Oil prices remain flat as ECB signals potential rate cut, balancing renewed Gaza ceasefire hopes. Market awaits U.S. inventory data and OPEC+ meeting amid global economic and geopolitical factors.