New UBS CEO plays down concerns over size of Swiss bank combination

New UBS CEO plays down concerns over size of Swiss bank combination https://ift.tt/Meibxkm Ermotti, the incoming CEO of UBS, has stated that worries about the size of the new bank, combining UBS and Credit Suisse, are unfounded. Despite the merger creating a Swiss bank with $1.6tn in assets and over 120,000 employees, Ermotti believes that they “won’t be at the top of the classification for international banks in terms of size”.

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What happens if husband dies without a will | Economic Times

Given the uncertainty of life in the face of Covid-19, it is advisable to write a will if you have assets and want to pass them on to your family members smoothly. However, the urgency and importance of a will and nomination are not fully realised because no one believes it will happen to them.Especially vulnerable are dependants like children and homemaker spouses, who have stayed away from the entire process of financial transactions and wealth management. Women are typically unaware of their legal rights regarding property, let alone know how to access it. What should they do if their husbands die suddenly without a will? How is his property distributed and does it differ for women of different religions?1. Assets distributed as per law based on religionIf the husband dies intestate, i.e., without a will, the assets are distributed as per the law based on his religion. For Hindus, Jains, Buddhists and Sikhs, the distribution is governed by the Hindu Succession Act, 1956, and the Hin...

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