Author: Matthew Karnitschnig

BERN (Reuters) -Switzerland announced reforms on Friday to make its biggest bank UBS safer and avoid another crisis, hampering the global ambitions of a lender whose financial weight eclipses the country’s economy. UBS emerged as Switzerland’s sole global bank more than two years ago after the government hastily arranged its rescue of scandal-hit Credit Suisse to prevent a disorderly collapse. The demise of Credit Suisse, one of the world’s biggest banks, rattled global markets and blindsided officials and regulators, whose struggle to steer the lender as it lurched from one scandal to the next underscored their weakness.Read More

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ORLANDO, Fla., June 06, 2025 (GLOBE NEWSWIRE) — Abacus Global Management, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leader in the alternative asset management space, today announced that its Board of Directors has authorized a new $20 million share repurchase program, effective June 5, 2025 for over a period of up to 18 months, as well as recent Form 4 and other employee share purchases totaling over $2 million. “While it is unfortunate that Abacus Global Management has been subject toRead More

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The 18th Annual Global New Venture Challenge (GNVC) has awarded first place to mental health diagnostic tool Kivira. Kivira was awarded the top prize and $50,000 for its AI-driven precision psychiatry platform, which streamlines diagnosis, enhances treatment outcomes, and integrates with providers to address the mental health crisis through personalized, scalable, and accessible care. “ThisRead More

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With the S&P 500 reaching 6,000 for the first time since February and a solid May jobs report bolstering market confidence, U.S. stock indexes are poised for gains as investor concerns about tariffs ease. In this vibrant economic landscape, identifying high growth tech stocks with promising potential involves looking at companies that can leverage strong corporate earnings and favorable market conditions to drive innovation and expansion in the technology sector.Read More

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