UBS
Economy
Greece has 79,000 Millionaires, Wealth Report Reveals
The latest edition of the Global Wealth Report published by UBS and Credit Suisse includes a wide range of datasets, including information on the number of millionaires in various countries across the world.
In its fourteenth iteration, the Global Wealth...
Business
Will First Republic Bank Survive the Storm?
Shares of First Republic Bank continued their free-fall despite a rare move by the biggest U.S. banks to pump $30 billion into the regional lender.
The company's stock plunged more than 47% on Monday, while trading was halted numerous times...
Business
UBS Agrees To Buy Credit Suisse For More Than $2 Billion
Credit Suisse has accepted a takeover offer of over $2 billion by UBS, in a historic government-brokered rescue deal.
Economy
Greece’s Growth Higher than Forecast; Budget Deficit Lower
UBS, the Swiss-based investment bank has considerably raised its growth forecast for Greece’s gross domestic product (GDP) for 2022 while the finance ministry in Athens announced a much lower primary deficit than expected.
UBS raised its estimate to 5.7 percent...
Business
Piraeus Bank Expects to Raise $1.66 Billion Though Equity Offering
Piraeus Bank, one of Greece's four big lenders, expects to raise 1.38 billion euros ($1.66 billion) through the capital increase process
Crime
Greek Tax Authorities Raid Home of Former UBS Local Bank Boss
Greek authorities have raided the home of a former local boss of UBS investment bank as part of an extensive investigation into suspected tax evasion.
Hellenic Police raided the home of Christos Sclavounis in Athens and took away computers, documents and...
Economy
Greek Government Bond Yields At Sky High Again As Political Instability Grows
Following in the footsteps of the virtual collapse of the Greek stock market and the overall political climate prevailing in the country, Greek government bond yields have shot through the roof, with 10-year bond yields moving up by 2.1%...
Economy
100 Greeks in ‘Borjans List’ Asked to Explain Bank Deposits
Financial prosecutors have sent notices to 100 Greek citizens asking them to explain their large bank deposits in Switzerland’s UBS, as part of the ongoing investigation in the so-called ‘Borjans list’, it was announced on Thursday.
The list of bank...
Greece
Greek Authorities Raid UBS Branch in Athens
Greek financial authorities acted on a bank account list recently provided by German authorities by raiding the UBS Athens branch on Friday evening and seizing information.
Following the raid, Greek authorities identified 200 people who were included in the latest bank account compilation that has...
Economy
After the Haircut, What Next for Greece?
The signs are all there that investors have really given up on Greece: analysts no longer say “if” when[...]