Swiss stocks - Factors to watch on June 12

Credit Suisse AG

12/06/2023 05:38

ZURICH/BERLIN, June 12(Reuters) - Here are some of the
main factors that may affect Swiss stocks on June 12:
    
    SWISS NATIONAL BANK  SNBN.S 
    The Swiss National Bank (SNB) is ready to raise interest
rates again as the fight against inflation continues, the
chairman of the central bank said in an interview due to be
published on Sunday.
    
    CREDIT SUISSE  CSGN.S , UBS  UBSG.S 
    Credit Suisse Group AG Chief Executive Ulrich Koerner has
indicated that the emergency takeover of the bank by UBS AG will
close on Monday, Bloomberg News reported on Saturday, citing an
internal memo.
    The Financial Times, citing people with knowledge of the
matter, said on Sunday that UBS is set to impose tight
restrictions on Credit Suisse bankers, including a ban on new
clients from high-risk countries and on complex financial
products.
    Separately, Credit Suisse is losing three more investment
bankers to Banco Santander, reported Bloomberg News.
    
    TEMENOS  TEMN.S 
    Nordic Capital is pursuing Temenos as other suitors drop,
reported Bloomberg News.
    
      
    COMPANY STATEMENTS
    *Breana Cole joins UBS  UBSG.S  Private Wealth Management in
Boston.  UBSG.S 
    
    
    ANALYSTS' COMMENTS
    DUFRY AG  DUFN.S : HSBC RAISES TARGET PRICE TO CHF 60 FROM
CHF 57
    
    
    ECONOMY
    SNB data on Swiss sight deposits due at 0800 GMT

 (Reporting by Zurich newsroom and Berlin Speed Desk)
 ((+41 58 306 7336; zurich.newsroom@thomsonreuters.com))
 
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