UBS and the Swiss government have negotiated a state backstop that neither side wants to use. It could nonetheless prove extremely useful for the bank’s Chief Executive Sergio Ermotti, who needs all the capital help he can get.
Brookfield India Real Estate Investment Trust (REIT) has appointed eight investment banks for its planned equity raising of around $400 million, and is targeting the deal's closure by July, three people with direct knowledge said.
Shares of U.S. banks rose on Friday after the U.S. Senate on Thursday passed bipartisan legislation that lifted the government's $31.4 trillion debt ceiling and averted a historic default.
Citigroup Inc has hired former UBS Group AG banker Dan Ford as a vice chairman within the natural resources and clean energy transition group of its investment bank, according to an internal memo seen by Reuters on Thursday.
Barclays Chief Executive C.S. Venkatakrishnan held a virtual town hall this week to address management changes that have led to about two dozen U.S. investment bankers fleeing in the last few weeks, people familiar with the matter said.