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The aftermath of Credit Suisse's bailout continues to spark legal disputes, particularly over bonuses and shareholder compensation. The Swiss Federal Court recently ruled against a couple seeking compensation for losses incurred from buying shares before the bank's rescue, while the Ministry of Finance plans to appeal a ruling deemed "unlawful" regarding the reduction of bonuses for bank executives. Legal actions are proliferating, with over 3,000 former shareholders challenging the buyback price and institutional investors contesting the value of AT1 bonds.
The fallout from Credit Suisse's bailout continues, with ongoing court disputes over bonuses and shareholder compensation more than two years after its collapse. The Federal Court recently ruled against a couple seeking compensation for losses incurred from buying shares before the bank's rescue, while the Ministry of Finance plans to appeal a ruling deemed "unlawful" regarding the reduction of bonuses for bank executives. Legal actions are proliferating, including demands from over 3,000 former shareholders for a re-evaluation of the purchase price and institutional investors contesting the value of AT1 bonds.
At the 13th Huawei Global Intelligent Finance Summit in Dongguan, Huawei unveiled its strategies for building resilient AI-Banking infrastructure, emphasizing the importance of data readiness and innovative storage solutions. The upgraded Xinghe Intelligent Financial Network aims to address challenges in scalability, regulation, and security, while AI-driven services are set to transform banking into a more intelligent and customer-focused industry. Huawei's collaboration with over 11,000 partners globally underscores its commitment to advancing digital finance.
UBS has introduced AI-generated avatars to enhance client engagement, utilizing around 36 analysts to provide personalized insights across various sectors. This initiative, part of a broader trend in the financial sector, aims to automate video content creation and meet rising client demand for innovative communication methods. The move positions UBS competitively in a rapidly evolving landscape driven by technological advancements.
Deutsche Bank has obtained a financial services licence from the Financial Services Regulatory Authority in the Abu Dhabi Global Market (ADGM), enabling it to engage in regulated activities such as investment advising and credit arrangement. This move aligns with the bank's strategy to enhance its operations in the UAE and support regional economic initiatives like “We the UAE 2031” and the “Abu Dhabi Economic Vision 2030.” Jean-Pierre Habis has been appointed senior manager for the new ADGM branch, focusing on delivering tailored financial solutions to clients.
UBS faces significant regulatory challenges following its acquisition of Credit Suisse, with potential new rules requiring up to $25 billion in additional capital. This could lead to reduced profitability, slower growth, and a cautious approach to dividends, impacting investor returns and increasing regulatory risk. CEO Sergio Ermotti warns that overregulation may drive investors to less restrictive banks, making it crucial for stakeholders to monitor legislative developments and UBS's strategic responses.
UBS launched its inaugural Asian Investment Conference (AIC) Singapore Wealth Edition on May 22 at Capella Singapore, attracting over 1,000 participants, including family offices and ultra-high net worth individuals. The event featured prominent speakers such as former US President Bill Clinton and Singapore's Deputy Prime Minister Gan Kim Yong, discussing strategies for navigating current global market conditions. The AIC will continue with its Hong Kong leg from May 27 to 30.
The oil market faces renewed pressure as OPEC+ considers a significant supply increase for July, shifting focus from price defense to market share. A 411k b/d increase is anticipated, keeping Brent price forecasts steady at US$59/bbl for Q4. Meanwhile, US natural gas prices fell 3.4% following a larger-than-expected storage increase, now 3.9% above the five-year average.
The 2025 Global Family Office Report reveals insights from over 300 family offices across seven regions, representing families with an average net worth of USD 2.7 billion and USD 651 billion in assets. Amid rising market volatility, the report highlights evolving strategies and trends shaping the future of family offices worldwide.
UBS' Benjamin Cavalli highlights a growing trend among ultra-high net worth individuals and their family offices to diversify their financial hubs, with increasing interest in the Middle East, particularly in Dubai, Abu Dhabi, and Saudi Arabia. Factors influencing their choices include strong rule of law, healthcare, education, and favorable tax environments. As geopolitical risks and investment opportunities evolve, the competition among regional centers intensifies.
Global Financial Events
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Credit Suisse Bailout Sparks Legal Battles Over Bonuses and Shareholder Losses
17:56 23.05.2025
Credit Suisse Bailout Sparks Ongoing Legal Battles Over Bonuses and Compensation
16:46 23.05.2025
Huawei Unveils Resilient AI Banking Infrastructure at Global Finance Summit
Huawei Technologies CO. Ltd.
CHN
Maurice Greene
Steven Zhao
Peter Zhou
William Fang
David Shire
King Tsui
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15:18 23.05.2025
UBS Introduces AI Avatars to Enhance Client Engagement and Insights
13:04 23.05.2025
Deutsche Bank Expands UAE Presence with New ADGM Financial Services Licence
12:51 23.05.2025
UBS Faces Increased Regulatory Scrutiny Amidst Capital Requirement Challenges
12:21 23.05.2025
UBS Launches Inaugural Asian Investment Conference Singapore Wealth Edition
08:48 23.05.2025
OPEC Considers Supply Increase Amid Pressure on Oil Market and Prices
02:00 23.05.2025
Global Family Office Report 2025 Insights on Strategies Amid Market Uncertainty
10:39 22.05.2025
Middle East Emerges as Key Hub for Ultra Wealthy Family Offices
06:55 22.05.2025
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