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.
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.
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.
Three ex-ICAP brokers pleaded not guilty to conspiring with traders at UBS and Citigroup to manipulate benchmark interest rates tied to the Japanese yen.
A market cap of $285.5bn.
For much of the last two decades, bankers advising big companies have watched ruefully as they lost their once-dominant position on Wall Street to powerful traders.
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.
'Take care of your health first - nothing is more important'.
In early 2013 Credit Suisse’s top management was convinced it had adapted to the much stricter rules that have been ushered in since the financial crisis.
Boris Johnson’s paean to Churchill provided amusement while a life of Czech dissident Václav Havel proved revelatory
Credit Suisse, the lender overhauling its investment banking unit, hired ex-Deutsche Bank executive Henrik Aslaksen to handle some of its biggest clients.
Citigroup agreed to accelerate the $2bn purchase of its headquarters complex in Manhattan’s Tribeca neighborhood, moving up the planned completion date by a year and a half.
Hedge funds suffered the worst withdrawals last quarter since the tail-end of the financial crisis as wild swings in stocks and commodities caused losses at some of the best-known firms.