| This is the Weekend Edition of Bloomberg Opinion Today, a roundup of the most popular stories Bloomberg Opinion publishes each week based on web readership. New subscribers can sign up here; follow us on Bluesky, TikTok, Instagram, LinkedIn and Threads. Money can't buy you love and right now no one knows that better than UBS Group AG. Since the Swiss bank helpfully rescued its cockroach-riddled rival Credit Suisse in a state-brokered emergency takeover, its reward has been government plans to whack it with punishing new capital rules and a lagging stock price. On top of that, other misfortunes are piling up. Losses from the bankruptcy of autos supplier First Brands hit its hedge fund arm and a court denied its efforts to recover money linked to the earlier failure of Greensill Capital. Yet the worst threats come from the Swiss regulatory overhaul and another court ruling that could reverse the writedown of $16.5 billion of Credit Suisse bonds. No matter how well its operations perform or how much it pays out in buybacks and dividends, UBS shares will struggle until this is all fixed. Unless its home country can clean up the mess left behind by its solution to the Credit Suisse crisis, and compromise on its fear of ever allowing a repeat at UBS, the bank will face major changes in its profitability and the very shape of the business.
Read the whole thing. The US Shouldn't Need Another Warning on Rare Earths — Bloomberg's editorial board The K in K-Pop Is Already Silent. And That's OK. — Juliana Liu Why China and Russia Aren't Scared of the US — Hal Brands Want a Rolex This Year? It'll Cost You — Andrea Felsted Ukraine Has a Plan for Victory. Its Allies Don't. — Marc Champion The Fed Should Pause in Cutting Interest Rates — Bloomberg's editorial board Forget Gold. Aluminum Is the Real Metal of the Moment. — Javier Blas Hong Kong Universities Are Outshining Tsinghua — Shuli Ren China Is Winning the Trade War Without Fighting — Karishma Vaswani Gold or stocks? Big tech or index funds? Which investment should YOU make? If Nir Kaissar has learned one thing as an asset manager, it's that investing is not as complicated as people think. It just comes down to making simple decisions. Watch the full series: More From Bloomberg Opinion | If you're a fan of Bloomberg News' Pointed quiz, check out Alphadots, a new daily word puzzle with a plot twist. | 
No comments:
Post a Comment