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Top related persons:
Beat Wittmann - 7 Wittmann - 3 Sergio Ermotti - 1 Fabrice Coffrini - 1 Wittman - 1 Goldman Sachs - 1 Morgan Stanley — - 1 Brendan Mcdermid - 1
Top related locs:
Zurich Switzerland Swiss New York City U.S Eastern Europe Covid Suez
Top related orgs:
Porta Advisors - 8 UBS - 4 Credit Suisse - 4 Swiss - 2 Suisse - 2 Afp - 1 Getty - 1 Wall - 1

Search resuls for: "Beat Wittmann"


21 mentions found


☆ 'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants
  + stars: | 2024-04-11 | by ( Elliot Smith | ) www.cnbc.com   time to read: +3 min
Sergio Ermotti, CEO of Swiss banking giant UBS, during the group's annual shareholders meeting in Zurich on May 2, 2013. Fabrice Coffrini | Afp | Getty ImagesSwitzerland's tough new banking regulations create a "lose-lose situation" for UBS and may limit its potential to challenge Wall Street giants, according to Beat Wittmann, partner at Zurich-based Porta Advisors. The government-backed takeover was the biggest merger of two systemically important banks since the Global Financial Crisis. At $1.7 trillion, the UBS balance sheet is now double the country's annual GDP, prompting enhanced scrutiny of the protections surrounding the Swiss banking sector and the broader economy in the wake of the Credit Suisse collapse. The Wednesday report floated giving additional powers to the Swiss Financial Market Supervisory Authority, applying capital surcharges and fortifying the financial position of subsidiaries — but stopped short of recommending a "blanket increase" in capital requirements.
Persons: Sergio Ermotti, Fabrice Coffrini, Beat Wittmann, Wittmann, Wittman, Goldman Sachs, Morgan Stanley — Organizations: UBS, Afp, Getty, Wall, Porta Advisors, Swiss, Credit Suisse, Suisse, Swiss Financial Market, Authority, JPMorgan, Citigroup Locations: Zurich, Switzerland
☆ It is 'irrelevant' for markets who is in the White House in 2025, strategist says
  + stars: | 2024-01-30 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt is 'irrelevant' for markets who is in the White House in 2025, strategist saysBeat Wittmann, co-founder and partner at Porta Advisors, discusses the outlook for markets amid a perilous geopolitical backdrop in 2024.
Persons: Beat Wittmann Organizations: House, Porta Advisors
☆ Stocks are the 'asset class of choice' as markets are now used to bad news, strategist says
  + stars: | 2024-01-30 | by ( Elliot Smith | ) www.cnbc.com   time to read: +3 min
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 29, 2024. One is energy prices — will the trouble in the Middle East be a transmission into higher energy prices, or the war in Eastern Europe? Not really, if you look at how energy prices have developed," he told CNBC's "Squawk Box Europe" on Tuesday. watch nowHe added that markets had "gotten used to trouble in geopolitics" over the last five years, so the impact on asset prices of any further bad news would be somewhat limited. Wittmann acknowledged that risk, but remains bullish about broader upside potential in stocks.
Persons: Brendan Mcdermid, Beat Wittmann, Wittmann, CNBC's Organizations: New York Stock Exchange, Porta Advisors, Federal Reserve, Fed Locations: New York City, U.S, Eastern Europe, Covid, Suez, Israel, Ukraine
☆ Porta Advisors says upward pressure in yields will trickle down
  + stars: | 2023-10-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPorta Advisors says upward pressure in yields will trickle downBeat Wittmann, chairman and partner at Porta Advisors, discusses the macroeconomic outlook in light of recent geopolitical developments.
Persons: Wittmann Organizations: Porta Advisors
☆ In wake of Credit Suisse, Switzerland told to better prepare for bank failure
  + stars: | 2023-09-01 | by ( Noele Illien Elisa Martinuzzi John O'Donnell | Noele Illien | Elisa Martinuzzi | ) www.reuters.com   time to read: +4 min
The logos of Swiss bank Credit Suisse and UBS are seen in Geneva, Switzerland, June 7, 2023. The powerful central bank, Swiss National Bank (SNB), said it disagreed with some of the suggestions, including on liquidity and on how the authorities work. It will change the landscape of banking in Switzerland, where branches of Credit Suisse and UBS are dotted everywhere, sometimes just metres apart. "(The) rescue of Credit Suisse isn't a perfect success but it's not a story of policy failure either. During the global financial crash of 2008, it was UBS, not Credit Suisse, that needed a state rescue.
Persons: Denis Balibouse, FINMA, Beat Wittmann, Nicolas Veron, it's, Oliver Hirt, John O'Donnell, Susan Fenton Organizations: Credit Suisse, UBS, REUTERS, Rights, UBS Group, Swiss, Swiss National Bank, –, Suisse, Social Democrat, Porta Advisors, Peterson Institute for International Economics, Thomson Locations: Geneva, Switzerland, Rights BERN, Swiss, Washington, Zurich
☆ Porta Advisors discusses end of Credit Suisse backstop
  + stars: | 2023-08-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTiming of UBS decision to scrap backstop for Credit Suisse deal is perfect: Financial advisory firmBeat Wittmann of Porta Advisors discusses UBS' decision to end a 9 billion Swiss franc ($10.27 billion) loss protection agreement and a 100 billion Swiss franc public liquidity backstop that were put in place by the Swiss government when it took over rival Credit Suisse in March.
Persons: Beat Wittmann, Porta Organizations: UBS, Credit Suisse, Porta Advisors Locations: Swiss
☆ Geopolitical trends will lead to consolidation in European finance, tech and defense: Advisory firm
  + stars: | 2023-07-11 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeopolitical trends will lead to consolidation in European finance, tech and defense: Advisory firmBeat Wittmann, partner at Porta Advisors, discusses the NATO summit in Vilnius and the implications of current geopolitical trends for the future of the global economy.
Persons: Beat Wittmann Organizations: Porta Advisors, NATO Locations: Vilnius
☆ UBS got an 'extraordinarily advantageous deal' for Credit Suisse, advisor says
  + stars: | 2023-06-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUBS got an 'extraordinarily advantageous deal' for Credit Suisse, advisor saysBeat Wittmann, chairman and co-founder at Porta Advisors, discusses the completion of the UBS takeover of Credit Suisse and what the enlarged bank faces next.
Persons: Beat Wittmann Organizations: UBS, Credit Suisse, Porta Advisors
☆ CNBC Daily Open: Markets rallied because nothing broke yesterday
  + stars: | 2023-03-30 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
For markets still reeling from the banking crisis, no news is good news. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Or perhaps it was precisely the lack of any significant event that cheered markets. Subscribe here to get this report sent directly to your inbox each morning before markets open.
☆ CNBC Daily Open: Nothing broke yesterday. Markets cheered
  + stars: | 2023-03-30 | by ( Yeo Boon Ping | ) www.cnbc.com   time to read: +2 min
For markets still reeling from the banking crisis, no news is good news. This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Or perhaps it was precisely the lack of any significant event that cheered markets. Subscribe here to get this report sent directly to your inbox each morning before markets open.
☆ The banker Switzerland trusts to stem Credit Suisse crisis
  + stars: | 2023-03-29 | by ( John O'Donnell John Revill Stefania Spezzati | John O'Donnell | John Revill | ) www.reuters.com   time to read: +5 min
Ermotti may need to persuade Switzerland's authorities that UBS should keep "the piece de resistance," Credit Suisse's domestic bank, said Porta's Wittmann. During the financial crash of 2008 it was UBS, not Credit Suisse, that took the lion's share of support from the state. One of Ermotti's biggest challenges may be to prevent Credit Suisse's problems contaminating UBS, which will involve hacking back its investment bank and its unwieldy derivatives. Disentangling Credit Suisse's finances, however, is only a part of the problem. "There are clearly parts of Credit Suisse that have had a bad culture.
☆ Ermotti UBS CEO appointment will calm nerves and build trust in Swiss banks, says analyst
  + stars: | 2023-03-29 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailErmotti UBS CEO appointment will calm nerves and build trust in Swiss banks, says analystBeat Wittmann, partner at Porta Advisors, discusses UBS' appointment of Sergio Ermotti as CEO.
☆ Timely for Swiss National Bank to help Credit Suisse: Porta Advisors
  + stars: | 2023-03-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Timely and right' for Swiss National Bank to throw Credit Suisse a liquidity line: Advisory firmBeat Wittmann of Porta Advisors discusses the crisis Credit Suisse faces and gives his take on whether the European Central Bank made the right decision in hiking interest rates.
☆ Banks in crisis: The weakest links are cracking, says advisory firm
  + stars: | 2023-03-16 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBanks in crisis: The weakest links are cracking, says advisory firmBeat Wittmann, partner at Porta Advisors, discusses the crises that Credit Suisse and Silicon Valley Bank are facing, and says "now it's really time for policymakers to restore confidence and liquidity in the system."
☆ 'New world order' requires investors to shift to active management, advisor says
  + stars: | 2023-03-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'New world order' requires investors to shift to active management, advisor saysBeat Wittmann, chairman of Porta Advisors, outlines what he looks for in equities and why the move from passive, long-only investing to total-return-oriented asset management is necessary.
☆ We've reached the inflection territory where bear market turns bull, says strategist
  + stars: | 2022-12-12 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe've reached the inflection territory where bear market turns bull, says strategistCentral banks won't pivot next year and volatility will remain, says Porta Advisers Chairman Beat Wittmann — but risk assets will be back and markets will be highly active without a big capitulation ahead.
☆ There's a lot of pain ahead for markets, strategist warns, arguing the rally looks short-lived
  + stars: | 2022-10-28 | by ( Jenni Reid | ) www.cnbc.com   time to read: +2 min
Reinforced by cooling house prices and disappointing earnings , it prompted suggestions that the U.S. central bank may rein in future rate hikes after November's meeting. "I think the market rally is a breathing space rally," Beat Wittmann, chairman of Switzerland's Porta Advisors, told CNBC's "Squawk Box Europe" Wednesday. Central banks "got it wrong" on inflation, hiking too late, and will now overshoot, he said. "You can expect that central banks, led by the Fed, followed by the [European Central Bank], Bank of England, Swiss National Bank, will continue to tighten and they will overtighten, that means two, three times more," he said. Central banks will only blink if there's a reason to do so, as the Bank of England did this month to prevent a collapse of pension funds , he said.
☆ European banks are posting bumper profits — but don’t buy their shares yet, strategist says
  + stars: | 2022-10-27 | by ( Ganesh Rao | ) www.cnbc.com   time to read: +4 min
Those are comments from one investment advisor despite lenders on the continent posting bumper third-quarter results this week. Barclays on Wednesday reported net profits of £1.5 billion ($1.73 billion), while Deutsche Bank revealed a net income of 1.12 billion euros ($1.11 billion). Deutsche Bank's net interest margin grew to 1.5% in the quarter, up from 1.4% in the prior quarter and from 1.2% in the year-ago period. But this income source for banks is unlikely to be long-lived as European capitals debate imposing a "windfall tax" on banks' profits. Hickmore said that senior debt from European banks is more attractive now as they are immune to many risks banks face.
☆ Strategist outlines why they would 'certainly not' invest in European banks right now
  + stars: | 2022-10-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist outlines why they would 'certainly not' invest in European banks right nowBeat Wittmann, chairman of Switzerland's Porta Advisors, says higher interest rates and the recessionary backdrop make European banks unattractive.
☆ Strategist says market rally is a pause for breath — and 'a lot of pain' is still to come
  + stars: | 2022-10-26 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailStrategist says market rally is a pause for breath — and 'a lot of pain' is still to comeThe current market uptick is investors pausing to reposition risk assets before the end of the year, says Porta Advisors Chairman Beat Wittmann; and central banks, led by the Fed, will continue to tighten.
☆ Markets now 'much less forgiving' of unsustainable fiscal policies, strategist says
  + stars: | 2022-09-27 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarkets now 'much less forgiving' of unsustainable fiscal policies, strategist saysBeat Wittmann, partner at Porta Advisors, discusses the Italian election and the backlash from financial markets to the U.K. government's new fiscal policy announcements.
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