- Bloomberg
Europe’s Cheap Airline Stocks Fail to Get a Peak Season Boost
(Bloomberg) -- The high season for summer travel has been abysmal for European airline shares so far. Most Read from BloombergKamala Harris Is Having a Surprise Resurgence as Biden’s Campaign UnravelsSingapore Couples Are Marrying Earlier to Buy Homes, Leading Some to RegretSingapore Is Making Life Tougher for Global TalentBiden’s Fourth of July Shrouded by Pressure to Drop 2024 BidNasdaq 100 Up 1% as US Yields Tumble on Fed Wagers: Markets WrapAir France-KLM and Norwegian Air Shuttle ASA both g
- Reuters
State Street replaces UBS as custodian bank for Swiss government fund
U.S. bank State Street has won a mandate to act as custodian bank for a multibillion-dollar compensation fund of the Swiss federal government that was previously at UBS, authorities said on Wednesday. The decision to hand the AHV/IV/EO fund to State Street was made in December after a two-year tender process and the transfer should be completed by the end of this year, according to Compenswiss, a federal body managing the public pension fund. The fund is worth more than 40 billion Swiss francs ($44.48 billion), and according to Swiss newspaper Tages-Anzeiger had been with UBS for 26 years.
- Zacks
UBS Group (UBS) Closes Swiss Arm & Credit Suisse (Schweiz) Merger
UBS Group (UBS) completes the merger between UBS Switzerland AG and Credit Suisse (Schweiz) AG. This aligns with UBS' strategy to strengthen its market presence in competitive regions.
