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Elite Financial Group

Swiss government proposes tough new capital rules in major blow to UBS

by Elite Financial Group | Jun 6, 2025 | Financial Services

The Swiss government proposed strict new capital rules that would require banking giant UBS to hold an additional $26 billion in core capital.Read More…

Long-awaited Trump-Xi call isn’t enough to resolve looming critical mineral shortage this summer

by Elite Financial Group | Jun 6, 2025 | Financial Services

A high-stakes U.S.-China call has yet to resolve a metals shortage that businesses say could halt production of cars and other industrial parts this summer.Read More…

It’s not just AI — China’s quickly gaining an edge over the U.S. in biotech

by Elite Financial Group | Jun 5, 2025 | Financial Services

For all the attention on U.S.-China AI competition, new studies point to China’s rapid rise in biotechnology, especially for drug and agricultural development.Read More…

Trump says ‘extremely hard’ to make a deal with China’s President Xi Jinping as trade talks stall

by Elite Financial Group | Jun 4, 2025 | Financial Services

The two countries have blamed each other for violating a trade agreement reached in Switzerland on May 12.Read More…

Fed Governor Lisa Cook sees tariffs raising inflation and complicating rate policy

by Elite Financial Group | Jun 3, 2025 | Financial Services

Cook expressed concern Tuesday with the progress on inflation, saying recent lower readings could reverse.Read More…

Klarna takes on banks with debit card as it diversifies beyond buy now, pay later

by Elite Financial Group | Jun 3, 2025 | Financial Services

The Swedish fintech has been trying to shift its image from “buy now, pay later” poster child to a more all-encompassing banking player.Read More…
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