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Home > Latest

UBS is reportedly recruiting a former Goldman Sachs executive to head its healthcare investment banking business in Asia.

date
17/08/2026
According to informed sources, UBS Group is recruiting veteran Samuel Thong for its Asia healthcare investment banking business, who will become the chairman of this division in the Asia region. An insider revealed that the former Goldman Sachs banker has 30 years of experience and will join the Swiss bank in October.
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3 m ago
Goldman Sachs stated that, given the cooling of inflation in the U.S., market expectations for Federal Reserve interest rate hikes remain overly aggressive. Goldman Sachs Chief Economist Jan Hatzius wrote in a report that due to weak retail sales data, disappointing employment data, and a continuous slowdown in inflation data, the likelihood of the Federal Reserve raising rates at the September meeting is "extremely low." Hatzius wrote, "According to our core economic forecasts, the likelihood of further improvement in inflation data over time is greater than the likelihood of it worsening again. We still believe that the market's pricing of the federal funds rate is too hawkish." Data shows that the market has pushed back expectations for the next 25 basis point rate hike from the Federal Reserve to January next year, while just a week ago, the market fully expected a rate hike in December. Goldman Sachs believes that although market pricing is no longer as hawkish, there is still room for further easing of rate hike expectations.
4 m ago
Jefferies: Raises Chevron's (CVX.N) target price from $216 to $233.
5 m ago
ZhongAn Group (00672.HK) issues a profit warning, expecting a mid-term net loss attributable to shareholders of no more than approximately 220 million yuan, shifting from profit to loss year-on-year.
5 m ago
Jeffries: Raised the target price for ExxonMobil (XOM.N) from $184 to $200.
5 m ago
Jefferies has raised ExxonMobil's target price from $184 to $200.
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