Gold is poised to reach record highs in 2026 despite recent price volatility, according to UBS strategist Joni Teves. The bank maintains its constructive outlook on precious metals, with the
European Banks Retain Appeal Ahead of 2026 Despite Strong 2025 Performance
UBS has maintained its constructive view on the European banking sector as it approaches 2026, keeping Barclays PLC on its roster of preferred buy-rated stocks. The broker argues that the
UBS predicts silver will benefit from gold’s record-breaking prices.
UBS analysts suggest that silver stands as the precious white metal with the greatest potential to capitalize on gold’s ongoing rally.
Deutsche Bank Plans to Cut 3,500 Jobs
Deutsche Bank is set to eliminate 3,500 jobs in the coming years as the benefit of increased earnings from higher interest rates starts to diminish.
Credit Suisse logo disappears from Canary Wharf
The Credit Suisse emblem is no longer visible at Canary Wharf, as UBS, the new proprietor, begins the process of relocating employees away from the financial hub.
Lloyds’ earnings exceed expectations, non-performing loans decline.
The UK’s premier financial institution, Lloyds Banking Group PLC (LSE: LLOY), has confirmed its 2023 outlook, notably for the UK margin, after revealing profit figures that surpassed anticipations and a
U.S. government is on the brink of a shutdown due to an escalating dispute over budget expenditures.
Goldman Sachs has sounded the alarm that the U.S. government might head towards a federal shutdown later this year due to intense disagreements among Republicans regarding substantial spending cuts.
Lloyds Bank exceeded expectations with its profit for the first quarter.
Lloyds Banking Group PLC (LSE: LLOY) reported robust first-quarter results, surpassing expectations and recording a 46% increase in profit.
The US Treasury Secretary to hold emergency meeting with US financial regulators
Today, in the midst of the recent banking turmoil, the US Treasury Secretary, Janet Yellen, will chair an impromptu meeting with the leaders of America’s financial regulatory bodies.
European banks are experiencing continued drops, with Deutsche Bank falling by more than 7% in New York
According to S&P Market Intelligence data, the cost of credit default swaps for Deutsche Bank – Germany’s largest bank – hit a four-year high today. This comes as shares in
Investor attention on the upcoming US Fed meeting has caused gold prices to rise higher
On Tuesday, gold prices saw a slight increase as investors eagerly anticipate the Federal Reserve policy meeting.
The price of gold has increased due to turmoil in the banking industry.
Due to the recent banking crises in the US and Europe, gold prices have exceeded $2,000 per ounce for the first time in over a year.