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The Goldman Sachs Group will issue a $3.00 per share dividend to shareholders of record on May 30th, reflecting a 2.02% yield. Analysts have recently adjusted price targets, with a consensus rating of "Hold" and a target of $593.40. The firm reported a quarterly EPS of $14.12, surpassing estimates.
On May 23, 2025, The Goldman Sachs Group, Inc. submitted a notification regarding Supplement - C-031494 to the Commission de Surveillance du Secteur Financier (CSSF) in Luxembourg. The document was received on the same day, with the last update recorded on May 24, 2025. The information is published and distributed via Public Technologies.
A Swiss court has ruled that Credit Suisse shareholders will not receive compensation for losses from the bank's forced sale to UBS in March 2023. The Federal Supreme Court dismissed claims from two investors who argued the government misled the public about the bank's stability before the emergency sale, which occurred at a significant loss to shareholders. The ruling may set a precedent for other investors pursuing claims against the federal government, as legal actions continue regarding the write-off of CHF 16 billion in AT1 bonds and other related issues.
UBS is facing a challenging battle over its equity levels, with Finance Minister Karin Keller-Sutter proposing stricter capital requirements. Despite having saved Switzerland from a financial crisis by acquiring Credit Suisse, UBS management feels unappreciated as they now confront increased regulatory pressures.
Merrill has successfully recruited advisors managing over $1 billion in assets from UBS, Wells Fargo, and Morgan Stanley. This strategic move highlights Merrill's aggressive expansion efforts in the competitive wealth management sector, aiming to enhance its market position.
Three teams managing a combined $1.4 billion in assets have departed UBS Wealth Management USA for Wells Fargo Advisors, Stifel Financial, and Morgan Stanley. Notable moves include the Excel Wealth Management group to Wells, the Sabota Wealth Management Group to Stifel, and David L. Potischman to Morgan Stanley. These transitions reflect a growing trend of defections from UBS amid competitive recruiting in the wealth management sector.
GraniteShares Financial PLC will consolidate its 3x Short Barclays Daily ETP Securities, with a record date of June 6, 2025. Every 80 ETP Securities will be consolidated into one, changing the ISIN to XS3081792064 and the SEDOL to BS5Y745, effective June 9, 2025. Fractional ETP Securities will be redeemed at the greater of the value per ETP on the record date or the Minimum Redemption Amount. Investors are advised to consult their financial advisers regarding this consolidation.
The Federal Department of Finance is appealing a ruling that deemed its cuts to variable remuneration for former Credit Suisse executives unlawful. The Federal Administrative Court ruled that these bonuses, totaling around CHF 60 million, are protected contractual claims, and the FDF failed to demonstrate a legal basis for the reductions. UBS shares dipped slightly following the announcement of the appeal.
More than two years after its emergency merger with UBS, Credit Suisse continues to face legal challenges in Swiss courts, particularly regarding executive bonuses and shareholder losses. Recent court rulings have sparked renewed debates, with the Treasury Department planning to contest a decision that deemed restrictions on bonuses illegal, while a couple's claim for compensation after losing CHF 80,000 in shares was rejected. The situation highlights ongoing tensions surrounding banking regulation and executive remuneration in Switzerland.
The Credit Suisse bailout continues to spark legal disputes, with the Ministry of Finance appealing a court ruling on executive bonuses while a couple's compensation claim for losses from the bank's shares was rejected. The Federal Court deemed the government's bonus cuts unlawful, igniting further controversy amid ongoing litigation from shareholders and investors regarding the bank's financial instruments.
Finance Mergers & Acquisitions
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Goldman Sachs Announces Dividend and Analysts Adjust Price Targets
11:01 24.05.2025
Goldman Sachs Issues Supplement C-031494 Notification to CSSF in Luxembourg
03:07 24.05.2025
Swiss Court Denies Compensation to Credit Suisse Shareholders After UBS Sale
21:41 23.05.2025
UBS Faces Increased Capital Demands After Credit Suisse Acquisition Success
20:02 23.05.2025
Merrill Gains Advisors Managing Over One Billion from Major Competitors
19:53 23.05.2025
UBS Wealth Management Faces Departures as Teams Move to Competitors
19:48 23.05.2025
GraniteShares Announces Consolidation of 3x Short Barclays ETP Securities
19:40 23.05.2025
Federal Supreme Court to Review Controversial Credit Suisse Bonus Cuts
18:12 23.05.2025
Credit Suisse Legal Battles Continue Two Years After UBS Merger
18:09 23.05.2025
Credit Suisse Bailout Sparks Legal Battles Over Bonuses and Shareholder Losses
17:57 23.05.2025
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