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LATEST

UBS relaxed on life after Brexit

Sergio Ermotti Interview Pic

UBS has a degree of flexibility if its UK outpost looks set to lose its ability to operate across the European Union once Britain leaves the bloc, Chief Executive Sergio Ermotti said at the World Economic Forum in Davos on Monday.

Reuters - Morgan Stanley gets China nod

Red flags

Morgan Stanley has received China securities regulator's approval to boost its stake in its Chinese securities venture to 49 percent, said a person with direct knowledge of the matter, making it the first foreign bank to get such a nod.

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Davos

Davos makes glacial progress in hike towards gender balance

Klaus Schwab, the World Economic Forum (WEF) founder whose headquarters are the chrome and glass of a Bond villain’s lair, introduced this year’s event by saying: “The world around us is changing at unprecedented speed.” But it seems nothing has changed when it comes to the lack of women at Davos.

Tax

UBS in taxing rejection

UBS has failed to persuade the European Court of Human Rights to overturn an order that it must post 1.1 billion euros ($1.17 billion) bail in a French case about whether it helped clients avoid tax.

Credit Suisse Canary Wharf

People News - C Suisse, Goldman Sachs

The co-head of Credit Suisse's trading unit in EMEA is leaving the bank, it said in a memo to staff seen by Reuters, the latest management change in the division behind $1 billion in trading losses that came to light last year.

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