A major American institutional investor is planning to join a lawsuit that says Switzerland’s time to pay up is long overdue.
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UBS appears to have regained its form, reporting $1.1 billion in net income for the second quarter, doubling analyst estimates.
The Zurich-based bank joins a growing list of wealth management’s elite, including JPMorgan and Goldman, to focus on the wealthiest investors.
It’s the latest in several moves — announced in swift succession — that suggest a radical overhaul in Zuckerberg’s thinking about Meta.
Executives at top financial services firms expect to cut as many 200,000 jobs in the next five years and significantly increase revenues.
The investment company says advisors and investors should break from the traditional strategy and take on more defensive positions this year.