UBS /CREDIT SUISSE Credit Suisse AG and UBS are under scrutiny in a U.S. Department of Justice (DOJ) probe into whether financial professionals helped Russian oligarchs evade sanctions, Bloomberg News reported on Thursday. Credit Suisse declined to comment. The Credit Roundtable, a lobby group of some of the biggest fixed income asset managers from the United States and Canada, has decided not to take legal action against Credit Suisse AG CSGN.S, a person familiar with the matter told Reuters on Thursday. UBS promised retention packages to wealth-management staff in Asia at Credit Suisse , two people with knowledge of the matter said, as the bank tries to stem a talent exodus after the takeover of its former Swiss rival. In a town hall address in Hong Kong on Friday, Iqbal Khan, UBS's president for global wealth management, also focussed on stabilising the Credit Suisse Asia team and boosting confidence, one of the two sources said. Standard Chartered Chief Executive Bill Winters said on Friday Credit Suisse's $17 billion Additional Tier 1 bonds wipeout had "profound" implications for global bank regulations.
ZURICH INSURANCE Insurer Zurich experiments with ChatGPT for claims and data mining, reported the Financial Times.
ROCHE Roche and Eli Lilly and Co are joining forces to develop a blood test for Alzheimer's disease, and plan to kick off a two-year clinical trial involving hundreds of volunteers with the aim of winning U.S. regulatory approval.
COMPANY STATEMENTS Schaffner Said Net Sales GrowthIn First Six Months Of 2022/23 Will Reach Medium-Term Target Of Over 5%. Lion E Mobility Said FY Consolidated EbidtaOf Eur 0.5 Mln Vs Loss Of Eur 0.7 Mln
ANALYSTS' VIEWS CREDIT SUISSE GROUP AG : JEFFERIES CUTS TARGET PRICE TO CHF 0.89 FROM CHF 2.60 UBS GROUP AG : JEFFERIES CUTS TO HOLD FROM BUY, TARGET PRICE TO CHF 20 FROM CHF 24 ORIOR AG : CREDIT SUISSE RAISES TO OUTPERFORM FROM NEUTRAL; RAISES TARGET PRICE TO CHF 90 FROM CHF 84
ECONOMY No major Swiss economic data scheduled. (Reporting by Zurich newsroom and Berlin Speed Desk)
Daily Swiss stock market report in German All SMI constituent stocks DJ STOXX index Top 10 STOXX sectors Top 10 EUROSTOXX sectors Swiss mid-cap index Swiss all-share index Swiss market digest Sector overview All Swiss news Swiss research news All equity news SPEED GUIDES: ))
