1. UBS Decides to Fully Integrate Credit Suisse's Swiss Banking Operations
UBS announced a comprehensive integration plan for Credit Suisse. On June 12, 2023, UBS Group successfully completed the acquisition of Credit Suisse Group. Subsequently, UBS Group began to implement its established operational model, which includes a three-tier leadership level established under the Group Executive Board.
UBS expects that, supported by various levers such as stable income, cost savings, and reduced financing costs, the Group's basic PBT (Profit Before Tax) for the third quarter of 2023 will be near break-even and achieve a positive basic PBT in the second half of 2023.
2. Pepperstone Launches Spread Betting Services on Trading View
Retail forex and CFD broker Pepperstone has launched a tax-free spread betting service on Trading View. Pepperstone expanded its product range, allowing users to engage in spread betting directly on Trading View's customizable charts across forex, indices, commodities, stocks, and other markets.
3. Admirals Company's Net Trading Revenue Significantly Decreases in the First Half of 2023
Admirals Group AS, a retail forex and CFD broker based in Estonia, has announced its financial results for the first half of 2023. Compared to the same period last year, net trading revenue has significantly decreased. The company has always emphasized the importance of a long-term strategy.
