The Latest Breaking News from UBS Group AG

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Friday closed up +0.56%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.41%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.30%. Stock indexes Friday recovered from early losses and closed...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) is up +0.36%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.28%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.03%. After a opening up in the red, U.S. stock indexes...

JPMorgan Chase & Co (NYSE:JPM) lost its position as the most senior underwriter for Kingsoft Cloud Holdings Ltd's (NASDAQ:KC) Hong Kong stock offering, Bloomberg reports.  The size of the offering in Hong Kong is relatively small, amounting to ~$100 million. The change came after one of JPMorgan's analysts cut the share-price target for the…

Goldman Sachs Group (NYSE:GS) and Kirkland & Ellis halted new business with Pamplona Capital Management, the Financial Times reports. Sanctioned oligarch Mikhail Fridman's LetterOne investment group accounted for 80% of the funds of the $9 billion private equity firm.  Waystone, a Cayman Islands firm, resigned from every role with Pamplona funds on…

SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF) founder Masayoshi Son has raised the collateral stock to financial institutions as its shares plunged over 2021, Bloomberg reports. Son boosted the stock pledged as collateral to ~33% of his stake or 153.3 million shares in SoftBank as its shares sank 60% from their peak last year.…

In an all-cash transaction, UBS Group AG (NYSE: UBS) will acquire fintech Wealthfront For $1.4 billion.

Analysts at investment banking giant UBS Group AG (NYSE: UBS) are warning that Bitcoin’s (CRYPTO: BTC) recent price slump could suggest the start of a “crypto winter.”