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.
Wealth is distributed in an unbalanced way in Switzerland: this is the Swiss Trade Union report (USS), according to which about 2% of the richest among the Swiss population holds just as much as the remaining 98%. Low salaries have increased, but this increase is swallowed by a policy of inequality, more taxes and charges, while the higher wages took advantage of a lower tax burden, which since 2000 has fallen from 37% to 32 %. A policy "anti-social" in tax matters carried out by the public authorities has done nothing but reinforce this trend, according to the USS.
MGF Fall Edition is Presenting twelve High Growth companies both public and private i
"Investire nel mattone" è probabilmente una delle scelte meno rischiose. La casa è un bene rifugio
Two years after two historic global agreements were established, leaders and other change agents in
Im September haben die Schweizer Stimmbürger die „Altersreform 2020“ des Bundesrates abgelehnt.
The 2017 symposium, with the theme "Successfully crossing borders", will have a strong focus on the
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