What’s going on here? Nearly a quarter of Swiss industrial firms are dissatisfied with UBS’s services, particularly in lending, following its 2023 acquisition of Credit Suisse. What does this mean? The Swissmem survey paints a bleak picture for UBS, with just 2% of companies identifying any improvement in banking services post-takeover and a significant 23%...
Category: Bussiness
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UBS industry customers increasingly critical, survey finds
By John Revill ZURICH (Reuters) – Nearly a quarter of Swiss industrial companies are unhappy with the service from UBS, notably in lending, since its 2023 Credit Suisse takeover, a survey found, in a blow to the bank’s efforts to show it is not abusing its market dominance. UBS has been under close scrutiny since...
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Swiss freeze Sh40bn linked to Adani as fraud claims resurface
Swiss authorities have frozen more than $310 million (Sh39.98 billion) across multiple bank accounts allegedly linked to Adani, the Indian conglomerate bidding to take over operations of Jomo Kenyatta International Airport (JKIA), as fraud claims against the company resurface. Adani Airport Holdings’ privately initiated proposal to run Kenya’s largest airport—and develop luxury resorts adjacent to...
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Adani fights money laundering claims in Switzerland as $310 million frozen
Adani Group, the Indian company that has caused a furore over plans to lease Kenya’s main airport, is in the news after $310 million was frozen in Switzerland over money laundering allegations. Newly released court documents show that a man who had dealings with five Swiss banks is being investigated by the Swiss Attorney General....
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Swiss banks fret over sanctions risk to wealth business
Swiss National Bank Chairman Thomas Jordan said sanctions were a worry if markets suddenly became inaccessible due to geopolitics. Keystone / Anthony Anex Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. A survey of Swiss banks has highlighted international sanctions imposed on other countries, such...
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Miss Switzerland killed by husband; uses knife garden shear to dismember body, then ‘purees’ using hand blender | Today News
Kristina Joksimovic, a finalist in the Miss Switzerland contest, was allegedly strangled to death by her husband. According to a report by the New York Post, local authorities reported that Kristina Joksimovic’s husband, identified in reports as Thomas, 41, was arrested the day after a third party found her dismembered body. Investigators established that she...
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Adani Group denies Hindenburg comment on frozen funds in Swiss banks
The Adani Group has no involvement in any Swiss court proceedings, the company said. Photo: Shutterstock.com 3 min read Last Updated : Sep 13 2024 | 8:46 AM IST Swiss authorities have frozen more than $310 million in funds across multiple Swiss bank accounts as part of money laundering allegations into Adani Group, US-based...
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Adani Group denies ’baseless’ claims of ‘involvement’ in Swiss Bank accounts, refutes Hindenburg’s allegations | Mint
Adani-Hindenburg saga: The Adani Group, an Indian business conglomerate, strongly refuted claims regarding the freezing of funds in Swiss bank accounts in a media statement on September 12. The group vehemently denied any involvement in Swiss court proceedings and asserted that authorities had sequestered none of its company accounts. The controversy arose following allegations made...
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Switzerland Alternative Lending Market Business Report 2024: A $419.9 Million Market by 2028 – 75+ KPIs on Market Size, End User, Finance Model, Payment Instrument, Loan Type and Demographics
Dublin, Sept. 13, 2024 (GLOBE NEWSWIRE) — The “Switzerland Alternative Lending Market Business and Investment Opportunities Databook – 75+ KPIs on Alternative Lending Market Size, By End User, By Finance Model, By Payment Instrument, By Loan Type and Demographics – Q2 2024 Update” report has been added to ResearchAndMarkets.com’s offering. The alternative lending in this...
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Swiss authorities freeze over $310 million funds across accounts related to Adani investigation: Hindenburg Research | Mint
US-based short seller Hindenburg Research alleged that Swiss authorities have frozen more than $310 million in funds across several Swiss Bank accounts linked to the money laundering and securities investigation of Adani Group, according to the firm’s social media post on platform X, on September 12. “Swiss authorities have frozen more than $310 million in...
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JPMorgan eyes Swiss corporate business gains, blockchain boost
ZURICH (Reuters) – JPMorgan Chase wants to grow its Swiss corporate banking business and hopes to use blockchain services to help gain clients, an executive at the U.S. bank said. “We’re ambitious and want to gain market share,” Lutz Karl, who heads the bank’s business with major corporate clients in Germany, Switzerland and Austria, told...
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New Report Ranks The Best Countries For Quality Of Life, Business And More
A view of Bern in Switzerland, which was named the world’s best. country in a new report. getty What makes a country truly great? Is it a booming economy, a high standard of living or the ability to inspire adventure and creativity? According to the 2024 Best Countries ranking from U.S. News & World Report,...