Under the new deal, announced on Wednesday, Apollo Global Management will purchase from UBS $8 billion of “senior secured financing facilities” as part of the Swiss bank’s efforts to wind down its non-core legacy portfolio KEYSTONE/© KEYSTONE / ENNIO LEANZA UBS Group and Apollo Global Management have reached an agreement regarding the carveout of Credit Suisse’s...
Tag: beat-Banking & Fintech
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Swiss financial watchdog fines Bank Audi for money-laundering violations – SWI swissinfo.ch
FINMA determined that the bank failed to provide information and did not adequately vet high-risk client relationships. KEYSTONE/© KEYSTONE / PETER KLAUNZER The Swiss Financial Market Supervisory Authority (FINMA) has identified serious violations of money-laundering regulations at the private bank, Bank Audi. This content was published on March 25, 2024 – 13:34 FINMA is fining...
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Switzerland’s financial watchdog needs more powers, global regulator says – SWI swissinfo.ch
Not enough teeth? Swiss financial regulator FINMA. KEYSTONE/© KEYSTONE / PETER KLAUNZER The Swiss financial watchdog FINMA should be given increased powers to make sure it would be able to deal with a failure of UBS if that scenario were ever to play out, a global regulator has said. This content was published on March...
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SNB president says stronger Swiss franc painful for companies – SWI swissinfo.ch
Despite the pain for companies, Switzerland should nonetheless escape relatively unscathed, declared Swiss National Bank President Thomas Jordan on Tuesday. © Keystone / Anthony Anex A stronger franc has helped dampen inflation in Switzerland but has also been painful for domestic companies, according to Swiss National Bank President Thomas Jordan. This content was published on...
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