Credit Suisse has issued a legal request to investors asking them to “destroy and permanently erase” documents relating to its clients’ private jets and yachts, as it looks to prevent leaks of its dealings with now-sanctioned Russian oligarchs, according to reports. Investors and hedge funds received letters from the bank this week urging them to […]
Western nations have moved to exclude Russian banks from the SWIFT global payments system, the harshest financial measure they have taken yet in response to Vladimir Putin’s order of a military invasion of Ukraine. Western nations ratcheted up economic and financial measures on Russia at the weekend, agreeing to cut certain Russian banks from the […]
Chief economists give their take on the Bank of England’s first back-to-back interest rate hike since 2004 and the start of winding down its pandemic bond buying programme, as the bank warned that inflation will peak at 7.25 per cent in April. The Bank of England’s monetary policy committee members raised interest rates by 0.25 […]
Trading update does little to answer concerns around underlying performance and a slowdown in wealth management. Zurich: On Tuesday morning, Credit Suisse released what is now called a trading update, ahead of fourth-quarter 2021 results due on February 10. Euromoney remembers when these unscheduled partial disclosures were called profit warnings and usually prepared the stock […]
The appointment is designed to drive Rothschild & Co’s client base in the German-speaking part of Switzerland. Rothschild & Co’s wealth management business in Switzerland has appointed Andreas Feller as head of Swiss Onshore, Zurich and deputy head of private banking, Zurich. Feller, who starts on 1 April, will report to Heinz Nesshold, head of private […]
Antonio Horta-Osorio’s resignation was effective immediately following an investigation commissioned by the board, Switzerland’s second-largest bank said in a statement released Monday. Zurich: The head of Credit Suisse has resigned less than a year after taking the reins of the scandal-hit bank following reports that he had broken Covid quarantine rules. Antonio Horta-Osorio’s resignation was […]
HONG KONG, Jan 10 (Reuters) – JPMorgan Chase & Co plans to boost its private banking business headcount in Asia by more than 100 this year, two people with direct knowledge of the matter said, joining its peers in a push to grab a bigger share of the region’s wealth. About a fifth of its […]
The management of the Zurich-based wealth management firm is detaching itself from Julius Baer through an MBO. Financial terms of the transaction were not disclosed. Julius Baer has agreed to sell its entire stake in Zurich-based Wergen & Partner Wealth Management, which it bought in early 2017. The bank, which acted after reviewing its strategic […]
As the holiday season is upon us, we find ourselves reflecting on the past year and those who have visited us every day. It’s been quite a year for us all! We hope that this year has been just as memorable for you, your friends, and your loved ones. We look forward to working for […]
When investing and building wealth, there is no one-rule-fits-all approach. Different individuals have different appetites for risk. Some opt to invest strictly in what they know. Others attempt to be as diversified across multiple asset classes to minimise risk. These are valid approaches, but there is one absolutely golden rule when investing: don’t lose money. […]