Credit Suisse plans to close down its asset management activities in Russia. The bank will remain in the country, limiting its activities and investment advisory for those who wish to maintain the relationship, we will be invited to transfer their accounts in Switzerland. "Credit Suisse has revised its private banking offering in Russia and will continue providing advisory services for private banking customers in Russia but without booking onshore," Zurich-based Credit Suisse said in a statement, confirming an earlier report by Forbes.
Swiss International Air Lines has announced its first Bombardier CS100 Zurich Airport and baptized with the name "Canton of Zurich". The aircraft sets new standards in terms of comfort, economy and environmental sustainability. Among other things, the Swiss company is the first the world to use this new concept airplane. The first commercial flight will be performed on July 15, from Zurich to Paris Charles de Gaulle.
Block those who want to use Bitcoin for illegal activities: is the project of the London-based startup Elliptic using instruments that reduce the anonymity of those who use the virtual currency; if it worked, it should help to identify those who trade child pornography. Meanwhile in the US, Coinlab thinks he has found a way to reduce the anonymity of those who use the BTC. As reported by Reuters, Elliptic has already proved a solid reality in BTC world, and counts among its customers a number of the largest US and European exchanges. The company is also a regular consultant of law enforcement, in those surveys that include digital currency. A curriculum that, according to the KPMG consultants, Elliptic offers a unique role for this particular mission.
The smartwatch could actually be dangerous for our ATM PIN. The problem lies in the motion sensors which are now embedded in almost all devices that are worn, and therefore also bracelets for fitness or smart watches. The warning research conducted by Binghamton University, in the US, in part funded by the National Science Foundation and the Army Research Office, according to which the smartwatch sensors are able to pick up the hand movements, allowing hackers to reproduce the gestures made on the keyboard of an ATM and then access a checking account uncontrollably.
Philipp Hildebrand, vice president of the American asset manager Blackrock and former president of the Swiss National Bank, is afraid that Brexit is the prelude of a "catastrophe" in European financial markets. "Nine years after the financial crisis now is coming the second wave," Hildebrand said in an interview with "Süddeutsche Zeitung". To worsen the scenario is the fact that Europe, at this time, has not healed their own banking system and "it was a big mistake." An unforeseeable event such as voting and unwanted output from Britain by the EU, leading financial markets to question the actual stability of European banks.
The exit of Britain from the European Union sent the financial markets crisis and forces companies that looked at the IPO as a concrete option to review their plans. According to a study by PriceWaterhouseCooper, placements in Europe will not collect more than 25 billion euro by the end of 2016, less than half of the 57.4 billion of 2015.
British Finance Minister Osborne went to the US to meet with major investors on Wall Street, to discuss the future of Brexit statégie to vote, as stated in the note of his office. "While Britain's decision to leave the EU clearly presents economic challenges, we now have to do everything we can to make the UK the most attractive place in the world to do business," Osborne, who backed staying in the EU, said in a statement .
Investors need not fear: Credit Suisse is now "safer than ever", supports the chairman of the management Tidjane Thiam, pointing out that the institution is making progress in its transformation process. "The course of action should not be confused with the security of the bank and with the solidity of the budget," Thiam said in an interview published yesterday by the NZZ am Sonntag. In fact, the bank is working with a long-term strategy that will bear fruit later. "The course of action will move when they give you the results and when our strategy will give a good account of himself", he says he is convinced Thiam.
The Russian state budget for 2017-2019 should be formed based on a scenario that takes into account the worldwide price of oil and the sanctions imposed in Moscow. This was stated by Russian Prime Minister Dmitry Medvedev. "I have held several sessions, in which we discussed common approaches to the formation of the working budget. There are several development scenarios. But there is a common understanding that during the drafting of the budget is necessary to rely on a traditional approach or if you will, a pessimistic scenario on issues relating to factors that generate our budget "looking in particular" oil prices, the prices of other raw materials, as well as restrictions of sanctions that are still in force", adding that the Russian government could discuss the draft budget for 2017-2019 in October.
Fitch sends a warning to Europe and the United Kingdom, that in the aftermath of Brexit have already begun negotiations to regulate future trade relations, beyond the official statements. The rating agency, in an article by analysts, said that "the negotiations will last longer, it will be worse" for both sides, showing "weak positions" and are affected by the political uncertainty and the risk of food populist positions in other European countries. "The time is crucial for both the United Kingdom, to see materialize the benefits highlighted by supporters of Brexit, both for the European Union, which risks delaying the laborious process of integration.
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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