Zuberi 👀

  • 20 Posts
  • 17 Comments
Joined 1 year ago
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Cake day: September 29th, 2023

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  • Kelleher also provided an update on the bank’s integration of its former rival, saying UBS had so far over-delivered, but that complexities lay ahead.

    Although a number of European banks have been caught up in the crisis surrounding troubled property group Signa, which owns scores of high-profile projects and department stores, Kelleher said he is not worried about potential implications for UBS.

    “That is one exposure that I’m not even concerned about.













  • Zuberi 👀toWhyDRSBaffling thing about DRS numbers
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    1 year ago

    Apologies, I’ve just nuked the old sub after the “Moving Servers” post had 3 months to cook!

    Original Text (if you needed the text to crosspost it elsewhere):

    This is the thing that baffles me. What we know is the DRS number on the quarterly reports was suddenly changed from the Computershare number to the Cede number. What we believe is that this was done due to pressure from the SEC. What would happen if a shareholder vote went through to publish both numbers side by side? I find I cannot predict the result. Does the SEC actually have the right to withhold auditing information from the shareholders? I doubt it.