UBS has increased its 2026 forecast for U.S. technology investment-grade bond issuance, citing rising capital expenditure by major tech firms, while trimming its outlook for leveraged loans amid concerns about AI-driven market disruption.

UBS CEO Sergio Ermotti plans to leave the bank in April 2027 after completing the integration of Credit Suiss.

Former UBS and Citigroup trader Tom Hayes, whose conviction in the global Libor-rigging scandal was overturned earlier this year, has filed a $400 million lawsuit against UBS, accusing the Swiss bank of framing him to protect senior executives.

UBS Global Wealth Management has increased its year-end forecast for the S&P 500 index to 6,600, driven by robust corporate earnings, easing trade tensions, and anticipated interest rate cuts, News.Az reports, citingReuters.

Barclays lifted its year-end forecast for the S&P 500 index to 6,050 from 5,900 on Wednesday, citing reduced trade uncertainty and expectations of normalized earnings growth by 2026.