The Latest Breaking News from UBS

Worldwide wealth fell 2.4% or $11.3 trillion last year to $454.4 trillion, according to a new UBS and Credit Suisse report.

Global wealth fell year over year, but declines were concentrated among the richest people in the richest countries.

Companies in the financial sector have now paid more than $36 billion in U.S. settlements relating to the crisis.

UBS says assets dipped for first time since financial crisis as high inflation and struggling currencies took toll

On Running earnings fell well short of views Tuesday. ONON stock plunged below a buy point and other key levels.

Banking group settles government lawsuit alleging fraud related to residential mortgage-backed securities in 2006 and 2007

Fresh legal claim planned by group of almost 1,000 shareholders to rushed rescue in March

Swiss taxpayers are off the hook from a government-engineered rescue plan that doled out billions to help UBS, the country’s largest bank, take over its ailing rival Credit Suisse

“The gravity of a challenging smartphone market particularly in developed regions that should continue…is a headwind for the stock,” UBS analyst David Vogt said.

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.94%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.49%. Stocks this morning are moderately higher on optimism that...

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.28%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.41%. Stock indexes this morning are moderately higher on optimism that Q2 corporate earnings results will continue to outperform. M&A activity also boosted stocks after Campbell...