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UBS back in profit in Q1 after two quarters in the red

Swiss banking giant UBS revealed a first quarter net profit of nearly $1.8 billion on Tuesday, up 71 percent year-on-year, returning to profit after two quarters in the red due to the takeover of Credit Suisse. Its turnover increased by 46 percent to $12.7 billion, the bank said in a statement, with the income of its investment bank -- the largest project in the integration of rivals Credit Suisse -- increasing by 16 percent, driven by a more favourable climate on the markets and by the good performance of IPOs and mergers and acquisitions.

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Alliant Credit Union CD Rates for May 2024

Unlock the potential of your savings with Alliant Credit Union CD rates. Learn about membership and other financial products, such as High-Rate Checking and Savings accounts, to enhance your financial strategy.

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sensex fall today: Rs 5 lakh crore wiped off! Poll jitters, banking & auto woes weigh on indices

The 30-share BSE benchmark Sensex declined 384 points or 0.52% to settle at 73,512. The broader NSE Nifty dropped 140 points or 0.62% to end at 22,302. Oil steadied on Tuesday as weakness in the physical market countered concern about conflict in the Middle East as Israel stepped up attacks in southern Gaza and a ceasefire deal between Hamas and Israel hung in the balance.

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After RCap buy, IndusInd eyes $50 billion BFSI valuation

International Business News: Mumbai: IndusInd International Holdings aims to establish a banking, financial services, and insurance portfolio worth Rs 4.

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Westpac reports profit slide to $3.34bn in FY24 H1 earnings

The chief executive of one of Australia’s biggest banks has laid bare the stress Aussie homeowners are going through.

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RHB Islamic International Asset Management appoints Najman Isa as CEO

KUALA LUMPUR: RHB Banking Group has appointed Mohd Najman Md Isa as the chief executive officer (CEO) and chief investment officer of RHB Islamic International Asset Management Bhd (RHBIIAM) effective April 8, 2024.

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What Lower Interest Rates Would Mean for Your Bank Accounts

In an effort on the Fed's part to combat inflation, interest rates have been on the rise. An increase in rates makes it more expensive to borrow money, which hurts Americans looking for reasonable...

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Top CD Rates Today: May 6 -- Earn Up To 5.75% APY

Looking to increase your savings within a year? NexBank is currently offering a 12-month certificate of deposit featuring an APY of 5.40%. This special promotion is available to savers who can start...

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Santander CD Rates for May 2024

Explore Santander CD rates and find out how they compare to the market. Learn about the benefits, risks and specific terms offered to help you decide if Santander's CDs are the right fit for your financial goals.

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I'm a Bank Teller: 3 Times You Should Never Ask for $50 Bills From the Bank

In the world of banking, some currency denominations are more popular than others. While most people are familiar with the common $1, $5, $10 and $20 bills, the humble $50 bill often goes overlooked....

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