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Banker collapses at own trial


Rudolf Elmer, the former employee of Julius Baer, accused of revealing details of client accounts via WikiLeaks, collapsed about two hours after he went on trial in Zurich Wednesday on charges of violating Switzerland’s bank secrecy laws.

UBS in wealth management push

UBS building

UBS aims to triple the assets that its U.S. wealth management clients keep in fee-based accounts within seven to 10 years, a top executive said on Tuesday.

FX traders plan to challenge FCA findings


A group of foreign-exchange traders plan to challenge findings by Britain’s financial regulator in the currency-rigging probe because they weren’t given a right to respond, two people with knowledge of the matter said.



Hedge Fund

Brevan Howard said to beat peers so far this year

Billionaire hedge fund manager Alan Howard, who predicted there will be “exceptional opportunities” to make money this year, in February beat peers who were whipsawed by volatile markets, according to two people with knowledge of the matter.

On Top

Commerzbank chooses new CEO

Commerzbank chose Martin Zielke, the insider who overhauled its consumer-banking unit, to succeed Martin Blessing as chief executive officer.