Last month, UBS agreed to buy Credit Suisse in a historic, government-brokered deal. The move came after Credit Suisse endured a series of blowups, scandals, leadership changes and legal issues.
Citi downgrades US stocks to ‘neutral’ as AI sell-off, regulatory risks mount
Citigroup strategists have downgraded US equities to neutral due to ongoing market volatility and regulatory concerns. This decision follows a significant sell-off that erased $3