Dai Ichi Life Insurance Company Ltd Has $6.31 Million Stock Holdings in Republic Services, Inc. (NYSE:RSG)

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Dai Ichi Life Insurance Company Ltd grew its holdings in shares of Republic Services, Inc. (NYSE:RSG) by 5.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,889 shares of the business services provider’s stock after buying an additional 3,966 shares during the quarter. Dai Ichi Life Insurance Company Ltd’s holdings in Republic Services were worth $6,309,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Trexquant Investment LP purchased a new position in shares of Republic Services in the second quarter worth approximately $946,000. MONECO Advisors LLC purchased a new stake in Republic Services during the second quarter valued at approximately $640,000. Sawtooth Solutions LLC lifted its position in Republic Services by 28.1% in the second quarter. Sawtooth Solutions LLC

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UBS Chairman Is Said to Mull Merger With Credit Suisse

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Shares of UBS  (UBS) – Get Report and Credit Suisse  (CS) – Get Report rose on Monday after a media report said UBS Chairman Axel Weber was examining the possibility of a merger between the two Swiss banking giants.

The coronavirus pandemic and low or negative interest rates have buffeted banks around the world.

UBS shares recently traded at $12.54, up 2.4%. They have eased 0.3% so far this year. Credit Suisse American depositary receipts srecently traded at $11.24, up 4.5%. They have fallen 16% year to date.

Weber is looking at a possible tie-up with Credit Suisse as part of a regular examination of strategic options, knowledgeable sources told Bloomberg.

UBS has discussed the idea with consultants, but it hasn’t approached its executive board about the possibility, the sources said. They said the two banks aren’t currently conducting formal talks.

The Swiss finance blog Inside

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