The Governor of the Bank of England Marl Carney decided to displace the analysts who were already positioned on a rate cut and a return, even, of a Quantitative Easing in the UK market: the final and official decision is to keep rates unchanged to a record low of 0.5% with a large majority even within the board that ultimately voted almost compact (8 to 1 the outcome) to maintain, at least until August, the status quo. The result of the referendum is still too recent and especially unexpected, thus subject to strong emotion, to be able to afford to make decision
Swiss private banking giant UBS has retained the title of the world's biggest private bank, according to annual report by wealth management researcher Scorpio Partnership, published today. Although its assets under management (AUM) fell 1 per cent from 2014 to 2015, it still topped the global rankings, with US$1.74 trillion (S$2.34 trillion) at December 2015. Bank of America Merrill Lynch came in second, with AUM of US$1.444 trillion - down 2 per cent for the year, while Morgan Stanley was third with US$1.439 trillion, down 2.8 per cent. Switzerland’s second biggest bank Credit Suisse fell further behind Morgan Stanley in the ranking with a 7.2 per cent fall in its managed assets to $687.3 billion, the benchmark showed.
The Brexit effect may soon overturn its heavy impact on the labor market in London. While the UK economy is likely to fall into a recession, the employees of the City dearly the outcome of the referendum, with results that range, at best, from moving to another EU country to job loss. Credit Suisse titled "Mayday! Mayday! "His latest note to clients in which he speaks of the danger of loss of well 500 thousand jobs because of Brexit. The feeling of the Swiss bank, also shared by many other analysts, is that the UK will end in recession as a result output by the European Union.
The Federal Authorities of the Swiss Financial Market Supervisory Authority (FINMA) has launched a process of "Enforcement" against the former head of Asian Affairs of the BSI Hans Peter Brunner. The aim is to clarify the responsibilities in the matter of money laundering linked to Malaysian fund 1Malaysia Development Berhad (1MDB).
The supervisory authority of the Swiss Stock Exchange, SIX Exchange Regulation, has issued a warning against Addex Therapeutics in relation to the financial statements of 2014 and the first half of 2015, responsible for not having complied with the IFRS procedures.
Patrick Harker, president of the Federal Reserve Bank of Philadelphia, has minimized the impact on the economy Brexit US and confirmed his opinion that this year increases could be two, also three increases in interest rates by the Central Institute of Washington. "The Brexit is positioned at the bottom on my list of risks and I do not expect more than a few tenths of a percent of transitional slowdown in growth", because of this event, he said Harker yesterday evening.
Fiat Chrysler Automobiles (Fca) "assumes hackers." As it will also make Autonews.com reports, FCA, first among the generalist manufacturers, scalded by the case it happened a year ago, when the two hacker Charlie Miller and Chris Valasek took remote control of a Jeep Cherokee driven at that time by a journalist.
Volkswagen still under fire for Dieselgate: a South Korean executive of the group, as reported by the Wall Street Journal, has been called upon to tampering with data on vehicle emissions and "the question" is therefore officially opened also in South Korea, where other German house manager could soon be questioned by local authorities, from the local head of the Wolfsburg Johannes Thammer home.
Deutsche Bank had expressed interest in purchasing the portfolio loans to the greek shipping industry, currently owned by Royal Bank of Scotland (RBS), as reported by Sky News. The value is around $ 3 billion. The major German bank is not the only one to have expressed interest in the assets of RBS. China Merchants and Credit Suisse have already begun negotiations, but has not yet signed any official agreement. The news comes at a time of high volatility on Deutsche Bank shares, considering the announcement last week, in which the German Institute announced it would sell its "shipping loan portfolio" at least $ 1 billion.
SIX Swiss Exchange has accepted the request to exit from the Stock Exchange of Zurich-based Kuoni Group. The tour operator had requested on June 14 withdrawal of all its registered shares with a nominal value of one franc. The output from the stock exchange will take place at a date yet to be determined, said SIX in a statement. The exact term will be announced five days earlier.
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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