Bloomberg Business

UBS to Dispose of Risky Credit Suisse Loans to Asian Clients

UBS Group AG is planning to exit billions of dollars in loans to Credit Suisse’s clients in the Asia Pacific region, as the Swiss bank works to neutralize risks to its profitability and reputation from the defunct lender.

Foreigners Flock to China Stocks as Sentiment Turns Bullish

Foreign investors are returning to China’s stock market en masse, signaling a bullish shift in sentiment after months of skepticism. Overseas funds have added a net 49 billion yuan ($6.9 billion) worth of mainland stocks via trading links with Hong Kong in the past five sessions, as authorities signaled pro-growth policies at the Politburo meeting. The buying spree has taken the year-to-date net purchase to a new high of 230 billion yuan after a lack of investor conviction kept the tally stagnan

DeSantis Filing Shows Income Boom But Wealth Lags Behind Trump

Florida Governor Ron DeSantis had a big boost to his assets and income in recent years, his financial disclosure shows, but still falls far short of the wealth held by his main rival for the Republican nomination, former President Donald Trump.

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