UBS Group AG expects to report a first-quarter net profit of around $1.5 billion and capital and leverage ratios in line with previous targets that are “well above regulatory requirements.”
Credit Suisse Group AG said its board will propose to pay half of its 2019 dividends this month and distribute the rest later this year, following a request from Switzerland’s financial regulator.
Saudi Arabia’s sovereign wealth fund has built up stakes in European oil firms, including about $200 million in Equinor ASA, as the kingdom navigates the coronavirus pandemic and plummeting crude prices.
The coronavirus may be “reactivating” in people who have been cured of the illness, according to Korea’s Centers for Disease Control and Prevention.
New York apartment leases plunged last month as coronavirus stay-at-home orders kept the city’s renters from moving.
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