Switzerland close to number one for international asset management Keystone-SDA Switzerland continues to be the top choice for managing the assets of international private clients. However, a Deloitte study reveals that its lead over the UK and the US has narrowed considerably. This content was published on October 23, 2024 – 14:28 The significant outflows...
Tag: beat-Banking & Fintech
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UK resumes trade talks with Switzerland in ‘Global Britain’ push
The meeting in London — the fifth round of talks between the two nations aimed at enhancing their existing free trade agreement — will be the first since Labour swept to power in the UK’s July 4 general election. Keyystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated...
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UBS lowers growth forecasts for Swiss economy in 2025
UBS believes that the main risks lie with the eurozone, Switzerland’s most important foreign trade partner. Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. Economists at UBS, Switzerland’s biggest bank, have lowered their growth forecasts for the country’s economy next year, citing a slowdown...
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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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Survey: hiring to slow in Switzerland in Q4
The mood in the Swiss financial and real estate sector is rather gloomy, the Manpower survey found. Keystone-SDA Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. Owing to the difficult economic situation, Swiss companies are expecting a gloomier employment situation, a new survey shows. Hiring...
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Thousands more UBS jobs could be cut, newspaper reports
UBS has completed the acquisition of the failed Credit Suisse bank Keystone / Michael Buholzer Listen to the article Listening the article Toggle language selector English (US) English (British) Generated with artificial intelligence. Swiss banking giant UBS could shed a further 18,000 jobs by the end of 2026 to meet its post-Credit Suisse takeover cost...
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Switzerland retains top spot in global wealth ranking as world gets richer
The average wealth of an adult in Switzerland amounted to $709,612. Keystone-SDA Last year, the global population became wealthier overall. As a result, global wealth rebounded from the decline seen in 2022. Switzerland retained its top position in the UBS Global Wealth Report. This content was published on July 10, 2024 – 15:56 Switzerland once...
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HSBC ‘breached money laundering rules’, says Swiss regulator
HSBC Private Bank (Switzerland) is accused of violating money laundering regulations. The Swiss Financial Market Supervisory Authority (Finma) has ordered measures to be taken. This content was published on June 18, 2024 – 17:20 The Swiss subsidiary of the British banking group failed to comply with its money laundering prevention obligations in respect of two...
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UBS Asia job cuts almost complete
UBS bought rival Swiss bank Credit Suisse last year. KEYSTONE/© KEYSTONE / JEAN-CHRISTOPHE BOTT UBS’s Asia-Pacific president signaled that most of the bank’s job cuts in the region are over as it nears the official completion of its historic merger with Credit Suisse. This content was published on May 28, 2024 – 09:51 Do you...
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Switzerland navigates own course through inflation maze
Various central banks must pick a different path through the maze of inflation. KEYSTONE Central banks around the world are keeping savers and homeowners guessing about interest rates. Switzerland broke ranks with a drop in rates in March, from 1.75% to 1.5%. But predicting the future direction of interest rates is made more difficult by...
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Anti-Semitism ‘played no role’ in Raiffeisen Switzerland bank business
A suggestion was made to rename Raiffeisenplatz, where the bank’s headquarters are located. Keystone/Gaetan Bally The Raiffeisen banking group has no history of prejudicial business behaviour against Jews in Switzerland despite the anti-Semitic views of its German founder, according to a report that was commissioned by the company. This content was published on April 19,...
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Switzerland braced for wave of bank staff layoffs
Redundancies at Switzerland’s largest bank will test the capacity of the financial sector to absorb jobs. Keystone A year ago Credit Suisse staff were stunned by the sudden demise of their bank. Many are now fighting for their careers with 3,000 Swiss posts set to be axed by their new employer UBS, starting this year....
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