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1 hour ago
Sergio Ermotti returns as UBS CEO to oversee acquisition of Credit Suisse
CNBC’s Joumanna Bercetche and Geoff Cutmore discuss the news that Sergio Ermotti will replace current UBS CEO Ralph Hamers.
1 hour ago
Ermotti UBS CEO appointment calms nerves, builds confidence in Swiss banks: analyst
Porta Advisors partner Beat Wittmann discusses the appointment of Sergio Ermotti as CEO of UBS.
2 hours ago
European stocks open higher
European stock markets were up in Wednesday trading, with the region-wide Stox 600 index up 0.5% at 8:20 am London time.
France’s CAC 40 rose by 0.65%, Germany’s DAX by 0.42% and the UK’s FTSE 100 by 0.26%.
Banks extended the gain of the previous session, gaining 0.5%.
See chart…
Stocks 600 index.
4 hours ago
Sergio Ermotti named CEO of UBS
UBS on Wednesday named Sergio Ermotti as its new group CEO following a recent deal to take over Credit Suisse.
The move will start on April 5th.
Current CEO Ralph Hammers will remain at UBS and will work with Sergio P. Ermotti to advise the bank during the transition period.
Read the full text here.
— Joanna Tan, Jihye Lee
5 hours ago
CNBC Pro: Here’s where to invest $10,000 right now, according to the pro.
Over the past month, the market has been hit with volatility, leaving some retail investors wondering where to put their money.
If you could invest $10,000, where should you invest in uncertainty and how much should you allocate to each asset class? CNBC Pro finds out by asking portfolio managers and investors.
CNBC Pro subscribers can read more here.
— Tan Weizhen
9 hours ago
CNBC Pro: As volatility continues, this is what investors can expect in Q2 — according to history
Equity markets are trending higher in the first quarter of 2023, with the S&P 500 and MSCI World Index set to post a combined gain of more than 4%.
This is especially noticeable after a year of negative returns.
Here, CNBC Pro subscribers can read how the market has performed in similar conditions in the past.
— Ganesh Rao
5 hours ago
European Market: Click here for the opening call
European markets are headed for a significant rally after Wednesday’s opening.
The UK’s FTSE 100 Index is 2 points lower at 7,485, Germany’s DAX is up 35 points at 15,175, France’s CAC is up 15 points at 7,103 and Italy’s FTSE MIB is set to open at 25,915, up 57 points, according to IG data. expected.
Earnings are set to come from Next, and data releases include Italian and Russian unemployment rates for February.
— Holly Eliyat
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