The Latest Breaking News from UBS

Credit Suisse intends to borrow up to $54 billion from the Swiss National Bank to shore up liquidity.

Swiss bank Credit Suisse said Thursday it will move to shore up its finances, borrowing up to $54 billion from the central bank after its shares plunged, dragging down other major European lenders in the wake of bank failures in the United States.

Array Technologies gained over 5% on Monday and is a top UBS 2023 pick.

Aviation experts say it will take a few decades of development and testing before regulatory authorities will give automated commercial planes the green light.

“Mexico has unique advantages that could help solidify its position in the automaking industry amid the EV transition,” UBS said Thursday.

In telling their stories about how the future is bright for stocks, bulls point to solid earnings to justify the optimism. But cracks are forming in that narrative — in the trajectory of profits, and just as worryingly in the makeup of the profits themselves.

Banks in Switzerland are holding a substantial amount of the millions of dollars Lebanese central bank chief Riad Salameh is accused of embezzling, Swiss media reported on Sunday. Salameh, 72, faces investigations related to suspicions of money laundering and illicit enrichment in Lebanon and abroad after he amassed a fortune…

Teekay Tankers, ST Microelectronics and UBS could provide profitable entries after strong rallies.

In a bid to recover lost ground, CEO Tim Cook may be planning to launch a competitor to the Samsung Galaxy Z Fold4.