A Billionaire's Quest to Find Credit Suisse Nazi Accounts Puts UBS in the Spotlight
'We probably left $5 to $ 10 billion on the table,' the billionaire president of the World Jewish Congress said in an interview in his Fifth Avenue office, where blurry black-and-white pictures of Holocaust victims cover an entire wall. 'I said to myself, 'We're not going to make that mistake again.''
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Forbes
44 minutes ago
- Forbes
Women's Sport Is Delivering For Fans. Now It's Delivering For Business, Too
Millions await the players of England's victorious team - and about time too! Chloe Kelly of England ... More celebrates with the UEFA Women's EURO trophy after her team's victory in the UEFA Women's EURO 2025 Final match between England and Spain at St. Jakob-Park on July 27, 2025 in Basel, Switzerland. (Photo by Molly Darlington - UEFA/UEFA via Getty Images) England's Lionesses are champions once again. A dramatic penalty shootout in Basel secured their second consecutive UEFA Women's Euro title, this time defeating the reigning world champions, Spain. It was a historic win. But while the nation celebrated the result, another equally significant shift was underway: women's football is no longer just delivering for fans, it's clear it is delivering for business too. This tournament was not a campaign about potential. It was a fully formed commercial product. A live demonstration of what happens when talent is properly supported - players truly live their values, audiences are given access, and brands approach women's sport not as a side project, but as a serious investment. As someone who has spent 15 years supporting across every level of women's sport, from championing grassroots access to advising major global brands and retailers on this opportunity, I've long argued that women's sport isn't a PR play. It's a commercial opportunity hiding in plain sight. And this summer, the viewing numbers finally caught up with the belief. England's win wasn't just a sporting success. It delivered some of the strongest business metrics we've seen in sport this year: record TV audiences in the UK, significant increases in merchandise sales, and a projected £800 million in wider economic impact. But perhaps most tellingly, sponsors involved in the tournament are reporting significantly higher consumer affinity than their equivalents in the men's game. This shift has been years in the making. Brands like EA Sports, PlayStation, Heineken, and Just Eat have all backed the Lionesses with increasing levels of uplift and success. Meanwhile, newer partners like Volkswagen have supported the UEFA Women's EURO games in line with the work in diversity. Christine Wolburg, Chief Brand Officer of Volkswagen Passenger Cars, explains: "The promotion of women's football and women in football are central to our commitment to female empowerment and equality in sport. For many years, we have been committed to this with deep conviction and on a broad corporate basis, both nationally and internationally. Sponsoring UEFA Women's EURO this summer is therefore a further commitment to visibility, fairness and real participation." These partnerships are no longer symbolic. They are strategic. And the women's game is evolving just as rapidly off the pitch as it is on it. Players today are not only exceptional athletes, they're commercial catalysts. No one exemplifies that better right now than Michelle Agyemang. Princely sponsorships await: Prince William, Prince of Wales, shakes hands with Michelle Agyemang of ... More England after the team's victory in the UEFA Women's EURO 2025 Final match between England and Spain at St. Jakob-Park on July 27, 2025 in Basel, Switzerland. (Photo by) At just 19 years old, Agyemang emerged as the breakout star of the tournament. Until this month, she had only 14 minutes of senior international football. But by the final whistle in Basel, she had become Player of the Tournament, scoring crucial goals, handling media appearances with composure, and embodying the authenticity that consumers increasingly demand. Born in South Ockendon, of Ghanaian descent, and a lifelong Arsenal supporter, Agyemang was introduced to football through her grassroots coach father. She joined Arsenal's academy at six, initially playing in defence before developing into a dynamic forward. Her family supports a range of Premier League teams, Manchester United, Chelsea, West Ham, but she stayed loyal to the club she loved. That kind of personal story, that kind of connection to community, isn't manufactured. It's magnetic. And it's why she will become one of the most sought-after brand partners of her generation. But Agyemang is just one example. The wider value proposition of women's football lies in its depth, its ability to connect. Audiences believe in these players not just because they're talented, but because they represent something real. In a crowded, sometimes cynical marketing environment, that kind of trust is priceless. BASEL, SWITZERLAND - JULY 27: Goalkeeper Hannah Hampton of England, Lucy Bronze of England, Niamh ... More Charles of England, Keira Walsh of England, Alex Greenwood of England, Leah Williamson of England, Lauren James of England, Georgia Stanway of England, Beth Mead of England, Ella Toone of England, Lauren Hemp of England, Maya Le Tissier of England, Goalkeeper Anna Moorhouse of England, Grace Clinton of England, Esme Morgan of England, Jessica Carter of England, Michelle Agyemang of England, Chloe Kelly of England, Agnes Beever-Jones of England, Jessica Park of England, Goalkeeper Khiara Keating of England, Lotte Wubben-Moy of England, Alessia Russo of England and Head coach Sarina Wiegman of England celebrating their sides win after the UEFA Women's EURO 2025 Final match between England and Spain at St. Jakob-Park on July 27, 2025 in Basel, Switzerland. (Photo by Leiting Gao/) According to recent research from the Women's Sport Trust, fans of women's sport are more likely to take action after seeing a sponsor than fans of men's sport, whether that's seeking out more information, engaging with a campaign, or changing their purchase behaviour. And yet, brand saturation remains low. For those willing to invest now, the cut-through is unmatched. Based on the momentum already in motion, the UK women's football ecosystem, from sponsorship and media rights to merchandising and adjacent consumer spend could exceed £1 billion annually by 2030. That projection isn't rooted in hope; it's based on rising audience numbers, expanding media deals, and growing commercial appetite. This year's tournament alone generated hundreds of millions in retail and hospitality impact & that's without factoring in the halo effect across merchandise, digital content, and cultural engagement. But the question now is not whether women's football has earned its place. It has. The real question is what we do with that spotlight and how we ensure it extends far beyond major finals. This cannot be a victory moment that fades until the next tournament. The focus now must be on embedding legacy on ensuring this isn't just peak-time coverage for peak-time players, but part of a long-term commitment to women's sport at every level. From school sports to club academies, from WSL to League One, from football to rugby (Rugby Union and Rugby League) cricket and beyond the pipeline is where the real potential lies. Women's football has proven its commercial strength. But many other women's sports equally rich in talent and community, remain underexposed and underfunded. If we want to future-proof the sector, we need to broaden our lens and invest across the spectrum, not just at the summit. Brands have a real opportunity here. Not simply to be seen, but to be part of something lasting. The partnerships that will hold value are those rooted in credibility, consistency, and contribution. That could mean deeper support for training infrastructure. It could mean more year-round storytelling. It could simply mean staying present when the cameras aren't. This is the time to move from campaign to commitment. Women's football may have opened the door but if we want to see the full value of women's sport, we need to push it wider. England's win was a powerful statement. Now the responsibility and the opportunity, sits with us. This is not the end of the story. It's the start of what could be the most valuable era in the business of sport.
Yahoo
an hour ago
- Yahoo
Bond Traders Await Fed Meeting, Refunding and July Jobs Report
(Bloomberg) -- Bond investors enter a frenetic week comprising the latest Treasury view on quarterly debt sales, a Federal Reserve meeting, and plenty of data crowned by the July jobs report. The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy With four trading days left in July, the Treasuries market is on course for only its second negative month this year, as investors have reduced rate cut expectations and pushed yields higher across all maturities amid a string of resilient data reports. Traders price no prospect of a US rate shift this week, and continue to lean towards a quarter-point reduction at the Fed's meeting in mid-September, with around 100 basis points of easing seen over the next 12 months. At this week's Fed meeting, focus on whether some officials dissent over the central bank staying on the sidelines, while traders will closely monitor chair Jay Powell's press conference amid the pressure from the White House for immediate rate cuts. The pricing of rate cuts may well shift at the end of the week, with the release of the July employment report and other key labor and inflation data that could well influence the Fed's path and market performance for the rest of the year. Molly Brooks, US rates strategist at TD Securities gauges the employment data 'as the top driver here,' as consensus estimates for headline jobs has been slipping 'so we could see that being a key event for the market to react to concerns on growth and the labor mandate slowing.' As for the Fed meeting, Brooks said they 'are expecting Governors Bowman and Waller to dissent' and 'we could also see a modest bullish response in rates there. Given their recent sentiment, we don't think the market will be too shocked, but a dissent will still show a deliberate action there.' Also in focus will be how Treasury plans to address the financing of large US deficits over the next quarter and into 2026. Traders expect issuance of Treasury bills will expand and gauge to what extent Treasury uses buybacks to reduce older debt issues and bolster overall market liquidity. The bond market also has a compacted late month auction schedule with two-, and five-year notes being sold on Monday as the month ends Thursday. What to Watch Economic data: July 28: Dallas Fed manufacturing activity July 29: Advance goods trade balance, imports and exports; wholesale and retail inventories; FHFA house price index; S&P CoreLogic US HPI; JOLTS job openings; Conference Board consumer confidence; Dallas Fed services activity July 30: MBA mortgage applications; ADP employment; GDP annualized QoQ (Q2 advanced); Personal consumption; GDP price index; core PCE price index QoQ; pending home sales July 31: Challenger job cuts; initial jobless claims; personal income and spending; PCE price index; employment cost index (Q2); MNI Chicago PMI Aug. 1: Non-farm payrolls, unemployment rate, average hourly earnings; S&P Global US manufacturing PMI; ISM manufacturing index; construction spending; U. of Michigan consumer sentiment and inflation expectations; Wards total vehicles sales Fed calendar: July 30: Federal Open Market Committee interest rate decision and policy statement; Chair Jerome Powell press conference Auction calendar: July 28: 13-, 26-week bills; two-year notes; five-year notes July 29: 6-week bills; two-year floating rate notes; seven-year notes July 30: US Treasury quarterly debt refunding announcement; 17-week bills July 31: 4-, 8-week bills Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
an hour ago
- Yahoo
Bond Traders Await Fed Meeting, Refunding and July Jobs Report
(Bloomberg) -- Bond investors enter a frenetic week comprising the latest Treasury view on quarterly debt sales, a Federal Reserve meeting, and plenty of data crowned by the July jobs report. The High Costs of Trump's 'Big Beautiful' New Car Loan Deduction Can This Bridge Ease the Troubled US-Canadian Relationship? Trump Administration Sues NYC Over Sanctuary City Policy With four trading days left in July, the Treasuries market is on course for only its second negative month this year, as investors have reduced rate cut expectations and pushed yields higher across all maturities amid a string of resilient data reports. Traders price no prospect of a US rate shift this week, and continue to lean towards a quarter-point reduction at the Fed's meeting in mid-September, with around 100 basis points of easing seen over the next 12 months. At this week's Fed meeting, focus on whether some officials dissent over the central bank staying on the sidelines, while traders will closely monitor chair Jay Powell's press conference amid the pressure from the White House for immediate rate cuts. The pricing of rate cuts may well shift at the end of the week, with the release of the July employment report and other key labor and inflation data that could well influence the Fed's path and market performance for the rest of the year. Molly Brooks, US rates strategist at TD Securities gauges the employment data 'as the top driver here,' as consensus estimates for headline jobs has been slipping 'so we could see that being a key event for the market to react to concerns on growth and the labor mandate slowing.' As for the Fed meeting, Brooks said they 'are expecting Governors Bowman and Waller to dissent' and 'we could also see a modest bullish response in rates there. Given their recent sentiment, we don't think the market will be too shocked, but a dissent will still show a deliberate action there.' Also in focus will be how Treasury plans to address the financing of large US deficits over the next quarter and into 2026. Traders expect issuance of Treasury bills will expand and gauge to what extent Treasury uses buybacks to reduce older debt issues and bolster overall market liquidity. The bond market also has a compacted late month auction schedule with two-, and five-year notes being sold on Monday as the month ends Thursday. What to Watch Economic data: July 28: Dallas Fed manufacturing activity July 29: Advance goods trade balance, imports and exports; wholesale and retail inventories; FHFA house price index; S&P CoreLogic US HPI; JOLTS job openings; Conference Board consumer confidence; Dallas Fed services activity July 30: MBA mortgage applications; ADP employment; GDP annualized QoQ (Q2 advanced); Personal consumption; GDP price index; core PCE price index QoQ; pending home sales July 31: Challenger job cuts; initial jobless claims; personal income and spending; PCE price index; employment cost index (Q2); MNI Chicago PMI Aug. 1: Non-farm payrolls, unemployment rate, average hourly earnings; S&P Global US manufacturing PMI; ISM manufacturing index; construction spending; U. of Michigan consumer sentiment and inflation expectations; Wards total vehicles sales Fed calendar: July 30: Federal Open Market Committee interest rate decision and policy statement; Chair Jerome Powell press conference Auction calendar: July 28: 13-, 26-week bills; two-year notes; five-year notes July 29: 6-week bills; two-year floating rate notes; seven-year notes July 30: US Treasury quarterly debt refunding announcement; 17-week bills July 31: 4-, 8-week bills Burning Man Is Burning Through Cash It's Not Just Tokyo and Kyoto: Tourists Descend on Rural Japan Confessions of a Laptop Farmer: How an American Helped North Korea's Wild Remote Worker Scheme Elon Musk's Empire Is Creaking Under the Strain of Elon Musk A Rebel Army Is Building a Rare-Earth Empire on China's Border ©2025 Bloomberg L.P. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
