Deutsche Bank is putting a scare into the financial world Thursday as reports have surfaced of some fund managers cutting exposure to Europe’s largest investment bank. A Bloomberg report that about 10 hedge funds that clear derivatives trades with Deutsche, including Millennium Partners, Capula Investment Management and Rokos Capital Management, had withdrawn some excess cash and adjusted positions held at the lender because of concerns over its problems, citing an internal document.
Overall consumer prices in Japan were down 0.5 percent on year in August, the Ministry of Internal Affairs and Communications said on Friday. In a report, Statistics Bureau said that Japan’s National Core CPI remained unchanged at a seasonally adjusted -0.5%, from -0.5% in the preceding month. That matched expectations following the 0.4 percent decline in July. It currently sits at the equal lowest level seen since March 2013.
Donald Trump did business with Cuba, violating the US embargo during Fidel Castro's presidency, Newsweek reported in a story, titled "The Castro Connection". Trump Hotels & Casino Resorts paid at least $68,000 to a consulting firm, Seven Arrow, in late 1998 which went to Cuba and investigated possible business opportunities for Trump's company, according to the Newsweek report.
SIX Swiss Exchange is the home market for global corporations such as ABB, Credit Suisse, Nestlé, Novartis, Roche and UBS. They are also part of indices such as the SMI® that attract a lot of interest worldwide. However investors are able to trade more than just Swiss stocks on the Swiss exchange. In the Sponsored Foreign Shares segment, they have a choice that extends to over 500 shares from 26 countries! With over 150 securities each, the USA and Germany are the most represented markets in the segment.
Commerzbank plans to cut around 9,600 jobs in the next few years and scrap its dividend for the time being as it restructures to become profitable. The restructuring plan through 2020 will cost about €1.1 billion ($1.2 billion). Actually it employs about 45,000 full-time staff. "The focus on the core business, with some business activities being discontinued, and the digitalisation and automation of workflows will lead to staff reductions amounting to around 9,600 full-time positions," Commerzbank said.
LaFerrari Aperta has made its first appearance in public at the Paris Motor Show on Thursday, the droptop version of the brand's hybrid hypercar launched in 2013. Ferrari sales head Enrico Galliera said to Reuters that it will be limited to 209 special edition cars, 200 of which have already been pre-sold while the remainder will be kept in house for anniversary celebrations and added: “For us a limited edition is a way to reward our clients".
BlackBerry, the canadian firm that invented the smartphone, stops making mobil phones, John Chen, BlackBerry executive chairman and CEO, said Wedsneday. The new strategy will enable Blackberry to “focus all of our efforts on where we can deliver differentiation in software and security” which is “aligned with where the market is going,” CEO John Chen said as the company released Q2 earnings.
UBS agreed to pay over $15 million to settle U.S. Securities and Exchange Commission charges that the bank failed to properly instruct advisers on risks tied to structured products. The case revolves around the sales of approximately $548 million in reverse convertible notes (RCNs) to 8,743 UBS retail customer, who were relatively inexperienced and unsophisticated, between 2011 and 2014. The RCNs are complex securities that feature embedded derivatives whose performance is driven by the concept of implied volatility.
Regulierung – seit der Finanzkrise prägt der Ruf nach mehr Kontrolle das Banking: Wegen regulator
Die Fonds-Konferenz der SKSF ist eine wichtige, branchenspezifische Plattform für Wissens- und Erfa
2 evenings to find out about the latest from the digital industry & 2 days to find ideas and to crea
ICDA will return this year to its alpine home for the 38th Bürgenstock Meeting.
The objective of the Conference is to bring together all the diverse stakeholdersinterested in a pol
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