Credit Suisse initiates coverage of 23andMe at outperform, says stock can rise 78%
Synopsis by TheStreet Aug 18 21
23andMe has 'a core competitive advantage that is not easily replicated,' Credit Suisse says.Read full articleCNBC: Credit Suisse initiates coverage of 23andMe at outperform, says stock can rise 78%
Story Details
| Last Updated | Aug 18 21 |
| Total Articles | 3 |
Main Topics
News on this topic
23andMe Stock Soars on Outperform Initiation From Credit Suisse: 23andMe has 'a core competitive advantage that is not easily replicated,' Credit Suisse says.
thestreet.com/investing/23andme-me-stock-outperform-rating-credit-suisse
More news on this subject
Previous
23andMe Stock Soars on Outperform Initiation From Credit Suisse: 23andMe has 'a core competitive advantage that is not easily replicated,' Credit Suisse says.
thestreet.com/investing/23andme-me-stock-outperform-rating-credit-suisse
23andMe (ME) Jumps as CEO Floats Plan to Take DNA Tester Private: DNA testing firm 23andMe Holding Co.’s shares soared after Chief Executive Officer Anne ...
bloomberg.com/news/articles/2024-04-18/23andme-s-ceo-is-considering-taking-the-dna-testing-company-private-shares-jump
Paid articlePaid
Switzerland braced for wave of bank staff layoffs: The Swiss financial workforce engage in musical chairs as the Credit Suisse staff layoffs begin.
swissinfo.ch/eng/banking-fintech/credit-suisse-musical-chairs-set-to-create-winners-and-losers/75383012
UBS plans next round of layoffs in Credit Suisse integration, Bloomberg News reports
reuters.com/business/finance/ubs-plans-next-round-layoffs-credit-suisse-integration-bloomberg-news-reports-2024-04-17/
Quick Glance: UBS Plans Further Layoffs in Credit Suisse Integration
- UBS is planning another round of layoffs to reduce headcount following the rescue of Credit Suisse.
- The cuts are expected to affect over a hundred positions in the firm's global investment bank.
- Job losses are also anticipated in the Wealth Management and Markets units.
- These measures signify the latest round of cuts at the bank, aiming to save around $6 billion in staff costs in the upcoming years.
Credit Suisse: Rohner and other managers can keep their bonuses: Disillusionment in the Federal Council: legal action is unlikely to be successful ...
tagesanzeiger.ch/credit-suisse-rohner-und-andere-manager-duerfen-boni-behalten-346954174150
Paid articlePaid
Takeover of CS by UBS: US criticism is hypocritical: If CS were an American bank, it would have been wound up. That's what the head of the American deposit ...
nzz.ch/meinung/amerikas-belehrungen-zur-rettung-der-credit-suisse-sind-heuchlerisch-ld.1825960
Law firm Edelson pitches radical idea for picking lead in 23andMe case. Ask class members
reuters.com/legal/legalindustry/column-law-firm-edelson-pitches-radical-idea-picking-lead-23andme-case-ask-class-2024-04-18/
Blaise Goetschin: an interview with probably the most experienced bank boss: Blaise Goetschin has stepped down as head of the Cantonal Bank of Geneva after more ...
nzz.ch/wirtschaft/blaise-goetschin-der-erfahrenste-kantonalbank-chef-im-interview-ld.1823099
Global watchdog welcomes reform proposals for Swiss banking: Swiss proposals to better regulate its banking system and make it safer were welcomed by the ...
reuters.com/business/finance/global-watchdog-welcomes-reform-proposals-swiss-banking-2024-04-11/
UBS on the brink of Switzerland's 'too big to fail' reckoning: Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how ...
reuters.com/business/finance/ubs-brink-switzerlands-too-big-fail-reckoning-2024-04-08/
UBS weighs Credit Suisse China stake swap with Beijing government, Bloomberg News reports
reuters.com/markets/deals/ubs-weighs-credit-suisse-china-stake-swap-with-beijing-government-bloomberg-news-2024-04-09/
Swiss regulator seeks to block investors from accessing Credit Suisse AT1 files: Move comes as authorities face $9bn in legal claims over rescue of failed bank
ft.com/content/98defa96-3be9-40e7-a049-4ec102964778
UBS on the brink of Switzerland's 'too big to fail' reckoning: Since UBS rescued its stricken rival Credit Suisse a year ago, it has been waiting to hear how ...
reut.rs/49nfg0J
UBS JV to acquire Credit Suisse Japan wealth management business: UBS said on Monday its Japanese wealth management joint venture with SuMi TRUST Wealth ...
reuters.com/business/finance/ubs-jv-acquire-credit-suisse-japan-wealth-management-business-2024-04-08/
UBS Faces Capital Hit as High as $25 Billion, Minister Says: UBS Group AG faces an increase in regulatory capital requirements that could reach $15 billion to ...
bloomberg.com/news/articles/2024-04-16/ubs-capital-needs-could-rise-by-25-billion-minister-tells-tagi
After the referendum: The poisoned Swiss pension gift: After the Swiss voted yes to a 13th month pension, a reform is needed that deserves the name ...
faz.net/aktuell/wirtschaft/die-schweiz-braucht-nach-volksabstimmung-eine-rentenreform-19641157.html
Too big to fail: The Federal Council presents 22 measures: The state government has announced a package of measures to strengthen regulation of large banks ...
nzz.ch/wirtschaft/der-bundesrat-zieht-die-lehren-aus-dem-fall-credit-suisse-mit-diesen-22-massnahmen-will-er-die-steuerzahler-vor-einer-ubs-krise-schuetzen-ld.1825679
UBS launches new $2bn share buyback: UBS on Tuesday announced it was launching a new share buyback programme of up to $2 billion, with up to half being completed ...
reuters.com/business/finance/ubs-launches-new-2bn-share-buyback-2024-04-02/
Takeover of Credit Suisse by UBS: These 14 bank branches are closing in the canton of Zurich
tagesanzeiger.ch/uebernahme-der-credit-suisse-durch-ubs-diese-14-bankfilialen-schliessen-im-kanton-zuerich-100660080290
Paid articlePaid Swiss minister criticises big bank bonuses as UBS set for stricter rules: Switzerland's finance minister took aim at bonus excesses and inflated salaries at ...
reuters.com/business/finance/swiss-minister-criticises-big-bank-bonuses-ubs-set-stricter-rules-2024-04-10/
UBS to face tougher rules in Swiss response to Credit Suisse rescue: In 209 pages of recommendations on how to police banks deemed "too big to fail" ...
swissinfo.ch/eng/banking-fintech/ubs-to-face-tougher-rules-in-swiss-response-to-credit-suisse-rescue/75469949
23andMe’s Fall From $6 Billion to Nearly $0: From celebrity “spit parties” to a drop in the bucket: The once-hot DNA-testing company is struggling to profit.
wsj.com/health/healthcare/23andme-anne-wojcicki-healthcare-stock-913468f4
Is Wall Street too focused on league tables?: Comparisons between banks often miss the growth of new businesses driven by innovation
ft.com/content/d3891166-06a5-4af2-a396-6f24c98f4bfa
Changing 23andMe’s corporate DNA will be difficult: The company aims to exploit its extraordinary cache of genetic data for drug discovery
ft.com/content/b6b5c33f-1eb5-446e-9024-bd11d12a9cb0
'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants
cnbc.com/2024/04/11/lose-lose-situation-new-swiss-bank-laws-could-derail-ubs-challenge-to-wall-street-giants.html
2025 BMW M4 CS Launching in Riviera Blue and Frozen Isle of Man Green: The new 2025 BMW M4 CS will be available in four different colors: Riviera Blue ...
bmwblog.com/2024/04/16/2025-bmw-m4-cs-in-riviera-blue-and-frozen-isle-of-man-green/
How to tame UBS without making the bank toothless: Swiss government proposals to regulate Too Big to Fail banks meets sceptical response.
swissinfo.ch/eng/banking-fintech/how-to-tame-ubs-without-making-the-bank-toothless/75541822
Major Swiss banks: “The Credit Suisse case must not be repeated”: The Swiss government wants to tighten regulation and supervision of UBS. She also sets her ...
faz.net/aktuell/finanzen/finanzmarkt/schweizer-regierung-will-bankenregulierung-verschaerfen-19644800.html
UBS CEO says integrating Credit Suisse will become a 'case study' for future big bank mergers
cnbc.com/2024/04/05/ubs-ceo-says-credit-suisse-will-be-a-case-study-for-big-bank-mergers.html
UBS Middle East Banker Desh Sharma Leaves to Start Credit Fund: A senior UBS Group AG banker helping to expand loans and complex financing for the bank’s richest ...
trib.al/SgvQ4iE
BMW M3 CS Laps Nürburgring In 7:27: Onboard Video: Equipped with Michelin Pilot Sport Cup 2, the BMW M3 CS was driven by Sport Auto's Christian Gebhardt to ...
bmwblog.com/2024/04/11/bmw-m3-cs-laps-nurburgring-7-minutes-27-seconds/
UBS’s Fears in Switzerland Are Realized: The bank faces higher demands from its government after the Credit Suisse disaster, but it could have been worse.
bloomberg.com/opinion/articles/2024-04-11/ubs-s-fears-in-switzerland-are-realized
Credit Suisse Takes Case Against Bidzina Ivanishvili to Singapore Top Court: A unit of defunct lender Credit Suisse will seek to overturn an order to pay $743 ...
bloomberg.com/news/articles/2024-04-07/credit-suisse-case-against-bidzina-ivanishvili-to-singapore-top-court
Paid articlePaid
KEY DATA: SFC VS. GCZ: In the 33rd round of the Credit Suisse Super League there will be a meeting between GC Zurich and Servette FC ...
gcz.ch/news/artikel/1/eckdaten-sfc-vs-gcz-2/
Morgan Stanley Hires Huang for China Asset Management: Morgan Stanley hired former Credit Suisse banker Min Huang to lead its China investment management ...
bloomberg.com/news/articles/2024-04-15/morgan-stanley-hires-huang-for-china-asset-management
Paid articlePaid BDT, Credit Suisse Alums’ Citation Capital Seeks $850 Million: Private equity firm Citation Capital is seeking to raise about $850 million for its debut fund ...
bloomberg.com/news/articles/2024-04-15/bdt-credit-suisse-alums-citation-capital-seeks-850-million
Paid articlePaid
Wall Street Breakfast Podcast: TikTok Divestment Bill On Potential Fast Track: Snapchat surges as TikTok bill on potential fast track through Congress ...
seekingalpha.com/article/4684411-wall-street-breakfast-podcast-tiktok-divestment-bill-on-potential-fast-track
Jefferies wants $4M break-up fee from banker who backed out of joining: A California appeals court will soon rule on whether Jefferies can demand a $4 million ...
businessinsider.com/jefferies-wall-street-bank-breakup-fee-offer-letter-contract-decker-2024-4
1' Kick-off in Zurich. Hop GC!
_____Credit Suisse Super League, 32nd round#gczlug 0:0*
Live ticker+radio: Show more
MPs want Nakhumicha sacked over Linda Mama programme: Women Members of Parliament are now calling on President William Ruto to sack Health Cabinet Secretary ...
standardmedia.co.ke/health/health-science/article/2001493345/mps-want-nakhumicha-sacked-over-linda-mama-programme
Bonds Are a Minefield. Where to Find 5% to 8% Yields Now.: After a tough start to the year, bonds should start to perk up. Where to find yields from 5% to 8%.
barrons.com/articles/bond-treasuries-income-yields-c42e0221
Paid articlePaid
Huh, aren't everyone in Zug rich?: If you deduct the fixed costs from Zugers' income, they are no longer in such a good position compared to the rest of ...
zentralplus.ch/geld-steuern/hae-sind-etwa-doch-nicht-alle-zuger-reich-2637546/
Credit Suisse: With these rules, the Federal Council wants to prevent the banking crisis
tagblatt.ch/schweiz/finanzplatz-fall-credit-suisse-darf-sich-nicht-wiederholen-bundesrat-will-neue-regeln-fuer-grossbanken-die-acht-wichtigsten-antworten-ld.2605188
Paid articlePaid UBS Faces Substantially Higher Capital Rules Under Swiss Reforms: UBS Group AG faces a “substantial” increase in regulatory capital requirements under reforms ...
bloomberg.com/news/articles/2024-04-10/ubs-faces-substantially-higher-capital-rules-under-swiss-proposals
Paid articlePaid KEY DATA: GCZ VS. LIE: In the 32nd round of the Credit Suisse Super League there will be a meeting between GC Zurich and FC Lugano ...
gcz.ch/news/artikel/1/eckdaten-gcz-vs-ls-1-1/
1' Kick-off in Yverdon. Hop GC!
_____Credit Suisse Super League, 31st round#ysgcz 0:0*
Live ticker+radio: Show more
Major Swiss bank: reluctant to bite against UBS: The Swiss government doesn't want to scare away the last remaining major bank in the country ...
faz.net/aktuell/finanzen/schweizer-beisshemmung-gegenueber-der-ubs-19646798.html
BBVA Hires Ex-Credit Suisse, HSBC Bankers for Brazilian CIB Unit
bloomberg.com/news/articles/2024-04-08/bbva-hires-ex-credit-suisse-hsbc-bankers-for-brazilian-cib-unit
Chicken for Linda Review: One of the Best Animated Movies in Years: Sébastien Laudenbach and Chiara Malta’s simple but extraordinary film draws an ocean of ...
indiewire.com/criticism/movies/chicken-for-linda-review-1234970175/
1' Kick-off in Bern. Hop GC!
_____Credit Suisse Super League, 30th round#ybgcz 0:0*
Live ticker+radio: Show more
UBS SuMi to Acquire Credit Suisse’s Wealth Business in Japan: UBS Group AG’s joint venture firm in Japan will acquire Credit Suisse’s wealth management business ...
bloomberg.com/news/articles/2024-04-08/ubs-sumi-to-acquire-credit-suisse-s-wealth-business-in-japan
25 years of the Mitte company: History of the gastro pioneer in the middle of the city
bzbasel.ch/basel/basel-stadt/jubilaeum-unternehmen-mitte-die-geschichte-des-gastro-pioniers-mitten-in-der-stadt-ld.2603656
Paid articlePaid St.Gallen: What will happen to the CS branch near Broderbrunnen?: The house at St.Leonhard-Strasse 3 near Broderbrunnen becomes available. The reason: The branch ...
tagblatt.ch/ostschweiz/stgallen/staedtebau-nach-der-schliessung-der-credit-suisse-filiale-beim-broderbrunnen-in-stgallen-ein-markantes-und-wichtiges-gebaeude-in-der-innenstadt-bekommt-eine-neue-funktion-ld.2601356
Paid articlePaid Switzerland Is Revamping Its Financial System After Credit Suisse Collapse: The government is unveiling banking reform proposals, and a new regulator is in ...
bloomberg.com/news/articles/2024-04-04/switzerland-is-revamping-its-financial-system-after-credit-suisse-collapse
Paid articlePaid
Credit Suisse takes fight over $1 billion awarded to billionaire to Singapore’s top court
straitstimes.com/business/credit-suisse-takes-fight-over-1-billion-awarded-to-billionaire-to-singapore-s-top-court
Was Credit Suisse Switzerland really as good as it was always claimed to be? A search for clues - Zofinger Tagblatt
zofingertagblatt.ch/grossbanken-war-die-credit-suisse-schweiz-wirklich-so-gut-wie-immer-behauptet-wurde-eine-spurensuche/
1' The game begins. Hop GC!
_____Credit Suisse Super League, 29th round#gczls 0:0*
Live ticker+radio: Show more
KEY DATA: YS VS. GCZ: In the 31st round of the Credit Suisse Super League there will be a meeting between GC Zurich and Yverdon Sport ...
gcz.ch/news/artikel/1/eckdaten-ys-vs-gcz-1/
After CS takeover: UBS closes two branches on Lake Zurich: UBS has decided which branches it will continue to operate and which it will close ...
zsz.ch/nach-cs-uebernahme-ubs-schliesst-zwei-filialstandorte-am-zuerichsee-651796525714
Paid articlePaid Chicken for Linda Review: One of the Best Animated Movies in Years: Sébastien Laudenbach and Chiara Malta’s simple but extraordinary film draws an ocean of ...
indiewire.com/criticism/movies/chicken-for-linda-review-1234970175/
KEY DATA: YB VS. GCZ: In the 30th round of the Credit Suisse Super League there will be a meeting between GC Zurich and BSC YB. We have put together the key data ...
gcz.ch/news/artikel/1/eckdaten-yb-vs-gcz-2/
Abolishing AT1s would be a serious mistake: Dutch government has floated idea of ditching capital instrument that is indispensable for issuers and investors
ft.com/content/69e5e619-2686-4ce7-95d4-94bc8c6ee213
Paid articlePaid
UBS: Deutsche Bank and Commerzbank can only dream of that: UBS shares outperform Deutsche Bank and Commerzbank with 125% growth in 5 years and plans share ...
deraktionaer.de/artikel/aktien/ubs-davon-koennen-deutsche-bank-und-commerzbank-nur-traeumen-20354171.html
KEY DATA: GCZ VS. LS: In the 29th round of the Credit Suisse Super League there will be a meeting between GC Zurich and FC Lausanne-Sport ...
gcz.ch/news/artikel/1/eckdaten-gcz-vs-ls-1/
European bank shares hit six-year high on surging profits and returns: Stocks have risen as lenders promised €120bn of dividends and buybacks this year
ft.com/content/d181a996-780b-440a-9e84-4a1a18cae214
Paid articlePaid UBS still reviewing risk of misstatement in Credit Suisse's books: UBS said it is still reviewing potential misstatements in Credit Suisse's financial reports ...
reuters.com/business/finance/ubs-still-reviewing-risk-misstatement-credit-suisses-books-2024-03-28/
Quick Glance: UBS Chief Salary: Ermotti Receives 14.4 Million Swiss Francs
- Sergio Ermotti earned 14.4 million Swiss Francs as UBS Chief in nine months, with a base salary of 2.1 million and a variable part of 12.3 million.
- The entire UBS board received a total of 140.3 million Swiss Francs in 2023, compared to 106.9 million Swiss Francs the previous year.
- UBS adjusted its net profit to 27.8 billion US dollars, due to a slightly lower negative goodwill after acquiring Credit Suisse.
- UBS's CET1 capital ratio was 14.4 percent at the end of 2023, compared to 14.5 percent in early February.
UBS sells $8 billion of Credit Suisse assets to Apollo: UBS has sealed the sale of Credit Suisse's securitised products business to Apollo Global Management as ...
reuters.com/markets/deals/ubs-sells-8-bln-credit-suisse-assets-apollo-2024-03-27/
Does Switzerland need a huge global bank?: A debate is raging on the pros and cons of a giant global bank based in Switzerland.
swissinfo.ch/eng/banking-fintech/does-switzerland-need-a-huge-global-bank/73859521
🔊 On @Breakingviews: Credit Suisse and a string of US regional banks failed last year. Stanford Professor Anat Admati tells Liam Proud that lenders’ equity ...
reut.rs/49ekNqd
UBS Cuts Bonus 2023 Pool by 14% After Credit Suisse Deal, Trading Slowdown: UBS Group AG cut its bonus pool for last year by 14% after a tougher year for ...
bloomberg.com/news/articles/2024-03-28/ubs-cuts-bonus-2023-pool-by-14-after-deal-trading-slowdown
Paid articlePaid ‘Too Big to Fail’ risk acceptable at largest Swiss cantonal bank: Largest Swiss cantonal bank meets orderly liquidation standards.
swissinfo.ch/eng/banking-fintech/too-big-to-fail-risk-acceptable-at-largest-swiss-cantonal-bank/74348925
UBS looks to keep, grow shipping loans in post-merger green overhaul: UBS will look to increase lending to the shipping sector and run off some loans to fossil ...
reut.rs/3IVtDOR
UBS and CS are closing 7 branches in Central Switzerland: The major merged bank is not withdrawing from any central Swiss municipality, but a total of seven ...
luzernerzeitung.ch/wirtschaft/zentralschweiz/bankenfusion-ubs-oder-credit-suisse-jetzt-steht-fest-welche-zentralschweizer-filialen-geschlossen-werden-ld.2596872
Paid articlePaid Monetary policy turnaround: Swiss central bank rushes forward with interest rate cuts
faz.net/aktuell/wirtschaft/leitzinssenkung-durch-die-schweizerische-nationalbank-19601902.html
Quick Glance: Swiss National Bank Surprises with Rate Cut
- The Swiss National Bank cut its main interest rate by 25 basis points to 1.50%, becoming the first major central bank to ease tighter monetary policy aimed at tackling inflation.
- The franc dropped following the decision, boosting the euro to its highest level against the Swiss currency since mid-July last year, with Swiss government bond yields also falling.
- Experts like Karsten Junius and Alexander Koch highlighted the significance of the rate cut due to low inflation rates and the strong franc, with expectations for more rate cuts.
- The decision was widely perceived as a surprise, leading to speculation about further rate cuts in June and September, as inflation forecasts were substantially revised downwards.
Switzerland must strengthen control of its financial sector, IMF warns: The IMF urged Switzerland on Thursday to strengthen its financial sector regulation as ...
thelocal.ch/20240328/switzerland-must-strengthen-control-of-its-financial-sector-imf-warns
UBS to sell $8bn of loans to Apollo: Deal follows move by Swiss bank to renegotiate terms of original sale of a business owned by Credit Suisse
ft.com/content/ec1d685b-52ea-43de-af92-6c399f35ebc0
Paid articlePaid From Credit Suisse to Signa - where the Saudi sovereign wealth fund is involved: It is quite possible that we will hear a lot more about the Saudi sovereign ...
nzz.ch/wirtschaft/von-credit-suisse-bis-signa-was-hinter-den-vielen-engagements-des-saudischen-staatsfonds-steckt-ld.1821193
Paid articlePaid SLO Food: After the CS bankruptcy - the next banking crisis is definitely coming: What kind of financial center do we want? Those who are liable also want ...
bzbasel.ch/basel/baselland/slo-food-nach-der-cs-pleite-die-naechste-bankenkrise-kommt-bestimmt-ld.2598609
Next
New to NewsWall?
Sign up now to get your own personalized news!
Trending topics