Paul Davies
Global Banking Columnist at Bloomberg Opinion
Global Banking at Bloomberg Opinion. Ex-WSJ and FT. Why, why, why, why, why? Opinions mine, "likes" are often bookmarks, RTs don't mean I agree.
Articles
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2 weeks ago |
businesstimes.com.sg | Paul Davies
THE US$26 billion headline capital charge to protect Swiss taxpayers from the risk that UBS Group ever fails is worse than anyone expected. And yet UBS's shares jumped as much as 8 per cent on the news on Friday ( Jun 6) - what gives? It's not that investors now know the costs of Switzerland's beefed-up "too big to fail" rules, which follow Credit Suisse's 2023 collapse. There's a lot of uncertainty about the draft law's final form.
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3 weeks ago |
bloomberg.com | Paul Davies
UBS will probably be able to negotiate a lower additional capital charge than the $26 billion the Swiss government announced on Friday. (Bloomberg Opinion) -- The $26 billion headline capital charge to protect Swiss taxpayers from the risk that UBS Group AG ever fails is worse than anyone expected. And yet UBS’s shares jumped as much as 8% on the news Friday – what gives?
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3 weeks ago |
thejc.com | Paul Davies
Elkie Brooks’ Long Farewell Tour is a peerless masterclass of jazz and soulful bluesBorn Elaine Bookbinder in Salford, Brooks developed her singing skills at bar mitzvahs and weddings ★★★★★
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3 weeks ago |
thejc.com | Paul Davies
Following her passion for jazz, soul and blues music, Elkie Brooks – born Elaine Bookbinder in the Jewish community of Salford – developed her singing skills as a young teenager at bar mitzvahs and weddings. That primed her for winning a local talent contest at 15, for which the prize was performing on a pop tour promoted by the legendary manager Don Arden, father of Sharon Osbourne. It set Brooks’s musical pathway.
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3 weeks ago |
which.co.uk | Paul Davies
The cost of a comfortable retirement has increased, according to new figures from the Pensions and Lifetime Savings Association (PLSA). Two-person households will now need £60,600 a year (up by £1,600), while if you live alone you'll need £43,900 (up by £800). The increase reflects the impact of inflation since the PLSA last published its retirement living standards in 2024. Meanwhile, the cost of a minimum retirement lifestyle has fallen slightly, largely due to lower energy costs.
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Negative Swiss rates should set alarm bells ringing in the euro zone about the risks of deflation reappearing, argues @marcusashworth https://t.co/ih5YMgwbrj
RT @opinion: The Swiss government proposed a $26 billion capital charge on UBS and the bank's shares...rose? Investors probably anticipate…
WRONG. Idiots
Following a review of performances and after significant reflection, the Club can announce that Ange Postecoglou has been relieved of his duties.