Express News | U.S. media: The Trump team is considering abolishing the Federal Deposit Insurance Corporation.
Trump's advisors are seeking to relax Banks regulations, even to the point of abolishing the FDIC.
In the past, the USA has never closed any major cabinet-level Institutions, especially entities like the FDIC. Some analyses indicate that any such reform plans could lead to massive job cuts.
UBS Initiates Coverage of Metro With Neutral Rating, $98 Target
Express News | UBS Group raised the Target Price for Broadcom from $200 to $220.
Express News | Institutions are bullish on these stocks today.
Trump's advisors are exploring the integration or elimination of Banks regulatory Institutions.
As Wall Street anticipates reduced corporate regulation under the incoming president Trump, his transition team is exploring ways to scale down, consolidate, or even eliminate top Banks regulatory Institutions.
Express News | UBS Group expects Copper prices to rise to the Range of 10,000-11,000 USD/ton.
Express News | UBS Group's chief strategist Bhanu Baweja: Bulls in the Indian stock market have underestimated the risks posed by the escalation of trade tensions to the country's thriving market.
Express News | UBS Group's Wang Tao: The policy tone is more proactive, emphasizing stable growth as the primary task.
Express News | UBS Group's Wang Tao: It is expected that next year's deficit rate will be close to 4%, and the government may increase investment in social security and Medical.
UBS Group restructures its wealth management department in the USA to seek business development.
On December 13, Glonghui reported that UBS Group is restructuring its wealth management division in the USA to seek business development and improve profit margins. Starting from January 1, UBS Group's management structure in the USA will consist of four regional departments (Northeast, Southeast, West, and Central), as well as a consulting department that serves international clients and a department focused on clients with moderate wealth. The company's USA advisors are currently divided into two departments, and UBS Group adopted this structure in 2022. According to a memo sent to employees earlier this week, the new structure aims to empower managers and accelerate decision-making.
On Thursday, Crude Oil in the USA slightly declined as the market focused on the international oil supply and demand relationship.
In the early morning of the 13th Beijing time, the price of Crude Oil Futures in the USA slightly fell on Thursday. The International Energy Agency (IEA) predicted that the supply of the oil market would be ample, offsetting the optimistic sentiment regarding the rising expectations of a rate cut in the USA. The Brent Crude Oil Futures for February delivery on the Intercontinental Exchange in Europe fell by 11 cents, settling at $73.41 per barrel. The price of West Texas Intermediate (WTI) oil for January delivery on the New York Commodity Exchange dropped by $0.27, a decrease of 0.38%, closing at $70.02 per barrel. The International Energy Agency (IEA) stated on Thursday that it expects an ample supply in the oil market next year, but it slightly raised its forecast.
Goldman Selectively Constructive on European Banks -- Market Talk
Express News | Trump's presidency has left ESG investors disheartened, and UBS Group Wealth Management believes that concerns have been exaggerated.
UBS Plans Wealth Business Shake-Up to Boost Affluent Client Outreach
Three UBS Advisor Teams Named to the Forbes America's Top Wealth Management Teams Private Wealth List
US stocks fluctuate | UBS Group rises 1.2% in pre-market as it restructures its wealth management division in the USA.
Gelonghui December 11 | UBS Group (UBS.US) rose 1.2% to $32 in Pre-Market Trading. According to reports, UBS Group has made structural adjustments to its wealth management division in the USA to improve profitability, which is crucial for its growth plans in the market. It is reported that UBS is seeking to obtain broader banking business licenses in the USA. (Gelonghui)
Express News | 23 Institutions expect that tonight at 21:30, the year-on-year core CPI for November in the USA will be released (previous value: +3.3%).
Express News | UBS Group's Wang Tao: It is expected that the focus of the Central Economic Work Conference will be on a short-term policy package.
UBS Announces Call Settlement Amounts for Seven ETNs