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UBS and C Suisse may face tighter rules

Swiss Flag

Switzerland should adopt stricter capital requirements for UBS and Credit Suisse following the introduction of tighter rules in the U.S. and the U.K., a government-appointed panel recommended, concluding a yearlong review of measures to avoid bailouts.

No Libor evidence found against Deutsche's co-CEO

Deutsche Bank - Foyer Bridge

Germany’s financial regulator found no evidence during a two-year probe that Deutsche Bank co-Chief Executive Officer Anshu Jain knew about or participated in possible interest rate manipulation, newspaper Handelsblatt reported.

C Suisse could scale down prime brokerage

Credit Suisse Canary Wharf

Credit Suisse is considering scaling down its prime brokerage business as part of already announced efforts to reduce risk in its investment banking division, a person familiar with the matter told Reuters.

UBS turns to artificial intelligence

UBS HQ archway

UBS, facing the threat of competition from Google and Amazon.com, has turned to a Singapore-based technology company that uses artificial intelligence for help delivering personalized advice to the bank’s wealthy clients.

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