UBS Attracts Wealthy Clients to Help Lift Profit

Switzerland's largest bank by assets attracted new customer money in the quarter, while a rival was weakened. 


 
Black Swan Manager Preps for Financial 'Time Bomb'

After an epic 15-year run, hedge fund Universa's Mark Spitznagel says the financial system is poised for a crisis-eventually. 


 
PayPal to lay off 7% of employees as part of cost-cutting push

Chief Executive Dan Schulman announced the layoffs, which will affect about 2,000 PayPal employees, in an email to the staff Tuesday afternoon. 


 
Private Equity Taps Insurers' Cash to Speed Up Growth

Blackstone, Carlyle and other fund managers are reaching deals to tap the insurance industry's cash. 


 
For Markets, Good News Is Good News Again

In recent weeks investors have begun moving away from their obsession with inflation, shifting markets into a new regime where good news on the economy is again good news for stocks. 


 
Private Equity Hiring Cools, Leaving Glut of Job Searchers

With a glut of Wall Street talent looking for work, buyout firms are mostly taking a pass on new hires. 


 
How a Tiny Bank in a Washington Farming Town Got Tangled Up With FTX

FTX executives discussed using Moonstone bank to offer interest-bearing crypto accounts. 


 
Celsius Used Customer Funds to Prop Up Token and Cover Shortfalls, Examiner Finds

Celsius Network used customer funds to cover shortfalls in its obligations to pay lofty yields and to prop up the value of its CEL token while some company insiders were cashing out, according to an examiner's probe into the crypto lender's practices before its collapse. 


 
UniCredit Proposes Shareholder Distribution

UniCredit plans to hand EUR5 billion to shareholders in the coming months, EUR1.5 billion more than in the previous year, after the bank swung to a profit in the fourth quarter and posted revenue ahead of analysts' forecasts. 


 
Swedbank Boosts Dividend on Profit Beat

Swedbank posted better-than-expected net profit and net interest income in the fourth quarter and lifted its ordinary dividend to SEK9.75.


(END) Dow Jones Newswires

02-01-23 0015ET