FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

FINANCIALS: UBS Looking At Indian Deals: Unlikely To Move Spreads

FINANCIALS

UBS (UBS: A3 develop/A-/A) is reported to be looking at partnerships in India to drive its wealth business there. We see any such deal likely remaining small and therefore unlikely to move spreads.

  • BBG is reporting that UBS is exploring a range of partnership options to help it crack the highly competitive Indian wealth management market. This could include taking a stake in a local provider to help drive a partnership.
  • UBS exited the onshore Indian market some years ago but has acquired a small local presence through the CS acquisition. It is a stated aim of the group to grow its Asian wealth management business even further, so this does appear “on message”.
  • Historically, Indian regulators have been very resistant to foreign firms buying local assets across a range of industries, not just financials. As such, we can see any deal being relatively small and therefore unlikely to impact spreads.
BulletCredit Bullets
BulletCredit Bullets

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.