UBS Cuts About a Dozen US Bankers as Part of Its Credit Suisse Integration

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UBS Group AG this week eliminated about a dozen jobs in its US investment bank as part of its integration of Credit Suisse, according to people with knowledge of the matter.

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UBS to Move Bankers, Traders to Credit Suisse’s New York OfficesUBS Group AG plans to house its investment-banking and trading operations in Credit Suisse’s New York offices as the Swiss banking giant continues to integrate its former rival.
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How student loan pause impacted credit scoresMillions of Americans are going to start repaying their student loans in October. Equifax Risk Advisory Leader Tom Aliff notes that during the deferral period, there was some improvement in credit scores because borrowers could use that money to pay down other debts. Aliff also notes that stimulus payments provided borrowers with a bit of a buffer to pay down some bills too. Aliff says 'the greatest impact to a credit score is definitely going to be payment history,' however, with delinquency reporting being delayed, credit scores won't necessarily see an immediate impact from a late payment.  Click here to watch more of Yahoo Finance's special coverage 'Student Loans: Smarter Strategies.'
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China Property Jumps to Top Credit Risk in Bank of America Global SurveyChinese real estate is now seen as the number one source for the next global credit event among investors surveyed by Bank of America Corp., even as President Xi Jinping’s government rolls out stimulus measures to stabilize the world’s second-largest economy’s ailing property sector.
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Fed: No rate cuts on the horizon, strategist saysWednesday's CPI data is expected to show inflation rose in August, with economists expecting an increase of 3.6%. The Federal Reserve has been raising interest rates in a bid to bring inflation down to 2%, but the recent increase in oil prices could complicate things. Verdence Capital Advisor's CIO Megan Horneman weighs in with Yahoo Finance's Julie Hyman and Akiko Fujita explaining how oil prices may not have an immediate impact on inflation, but they could as they work their way through the supple chain. Horneman believes that the Fed will pause in September, but 'we do think there's much more likelihood of another rate increase at some point this year and we don't think rate cuts are anywhere on the horizon.'
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