SNB Advocates for Full Capitalization of UBS Units Amid Market Uncertainty
2 months ago
The Swiss National Bank (SNB) has expressed a strong preference for the complete capitalization of UBS Group AG's units as the most viable solution to bolster stability within the banking sector. This stance comes amid ongoing concerns regarding the financial landscape and the resilience of major banking institutions.
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Tesla Faces $700 Billion Loss as Global Sales Decline
3 months ago
In a stark shift from its previous momentum, Tesla has witnessed a dramatic downturn in its market capitalization, erasing up to $700 billion that once propelled the company to be the most valuable automaker in the world. This significant decline comes as the electric vehicle manufacturer struggles with global sales as demand appears to falter.
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