SNB profit surpassed UBS forecasts while fears over the Iran war eased market risk.

1 report, 1 independent Updated Jul 31

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What happened

Some supportReported by 1 outlet

Who's involved

What this event is mainly about

UBS Swiss National Bank

Keep exploring

Part of

U.S. stock market hit Iran war-induced lows, with CNBC reporting on the market developments and UBS providing outlook. All 2 developments

Within Hostilities between Iran and the U.S. are currently affecting market stability, with CNBC reporting on ongoing diplomatic talks.

The entities involved

UBS
Swiss multinational investment bank and financial services company
- The Trump administration threatens tariffs on Switzerland, leading Switzerland to seek a new trade agreement with the US.Mon 00:13
- Following the acquisition of Credit Suisse, the Swiss parliament proposed new banking regulations for UBS.Sun 10:25
Swiss National Bank
central bank of Switzerland
- Rumors suggest Iran is extending its conflict into the Indian Ocean, causing market volatility and creating risks for the Swiss National Bank due to actions around the Hormuz Strait.Thu 17:09
- Divergent central bank policies affect currency pair valuation.Thu 16:15

Related events

The Swiss National Bank holding rates unchanged is noted as favoring the US dollar.Thu 16:15

Coverage

Newest first; wire copies grouped

Jul 31rte.ie