Speaking about the political situation in the wake of the European elections, Marija Kolak, President of the Bundesverband der Deutschen Volksbanken und Raiffeisenbanken (BVR) [National Association of German Cooperative Banks], called on the European Parliament to support the difficult consensus reached regarding election of the next European Commission President on July 16: “The European Union (EU) must be able to maintain its ability to take action during this challenging period of global politics and at this crucial stage of the Brexit process”.

Commerzbank’s Supervisory Board has today appointed Roland Boekhout (56) to the Board of Managing Directors.

This blog examines a few simple and widely used approaches to systematic hedging such as short and long dated out-of-the-money (OTM) puts and put spreads as well as VIX futures.

Equities rallied and bond yields fell after Wednesday’s testimony by Federal Reserve Chair Jay Powell and minutes from the 19 June FOMC meeting supported our view that the Fed will cut rates at its next meeting on 31 July.

We have seen healthcare reform in the headlines a great deal over the past few weeks due to President Trump’s executive order around price transparency, comments around another executive order regarding drug prices, legislation and ideas making their way through congress, and the first set of Democratic debates.

Investors have been in a cautious mood ahead of testimony to US lawmakers from Federal Reserve Chair Jay Powell.

The presentation can be followed live on www.ubs.com/quarterlyreporting with a simultaneous slide show.

The launch of this fund is fully in line with the fight against global warming initiated by BNPP AM through its new sustainability strategy and more broadly by the entire BNP Paribas Group which aims to support the energy transition online with the 2°C trajectory of the Paris Agreement.

Entrepreneurs typically have much of their wealth tied up in their businesses.

UBS launches for the third time, after 2015 and 2017, the UBS Future of Finance Challenge.