Search Results for: Swiss banks
UBS released first quarter 2017 results
April 28th, 2017
The Swiss global financial services company UBS AG has issued today a press release to announce its its results for the first-quarter 2017. According to the announcement, UBS published the below results: Adjusted1 profit before tax CHF 1.9bn, up ...
European markets continue rally after first round of the French election
April 24th, 2017
European markets continue rally after Macron’s victory; French banks soar; CAC up 4% European markets extended gains during mid-afternoon trade on Monday after centrist French presidential candidate, Emmanuel Macron, won the first round of the French election. The pan-European ...
IBM Launches Blockchain Platform for US Oil Trade
April 7th, 2017
Technology giant IBM has developed a blockchain trade finance platform alongside a bank and a commodity trading house to settle deals using the blockchain solution. Singaporean commodities trading house Trafigura and French bank Natixis join IBM in the innovative ...
Two Trends That Will Force The Fed To Start Buying Stocks
March 27th, 2017
While the Japanese and Swiss central banks have turned themselves into hedge funds by loading up on equities, the US Fed has stuck to supporting the stock market indirectly, by buying bonds. It’s worked, obviously, with all major US ...
Asian Stocks Gain, Oil Slides Before Fed and BOJ: Markets Wrap
March 13th, 2017
U.S. jobs data set stage before central bank policy decisions Crude drops for sixth straight day amid jump in U.S. supplies Asian equities rose and the dollar weakened as a positive U.S. jobs report helped investors position for a ...
A beginner’s guide to Bitcoin; What it is, How it works, Where you can buy it?
March 6th, 2017
The Bitcoin is getting more and more publicity the last years as the controversial computer currency is used by many people and business in nowadays. As the bitcoin is getting “famous”, governments are increasingly looking about the its taxation ...
Dollar Slips After Trump Move, Asia Stocks Decline: Markets Wrap
January 30th, 2017
Yen gains with gold; many Asia markets shut for Lunar New Year Global criticism of Trump’s ban is building across globe The dollar declined with Asian stocks as traders digested the tensions sparked by Donald Trump’s order halting some ...
Law Firms’ Accounts Pose Money-Laundering Risk
December 27th, 2016
Law Firms’ Accounts Pose Money-Laundering Risk Hundreds of millions of dollars allegedly siphoned from Malaysian state fund 1MDB passed through firms’ pooled accounts in U.S., prosecutors say Tens of billions of dollars every year move through opaque law-firm bank ...
Washington proposes $7bn fine on Credit Suisse in mortgage claims
December 21st, 2016
The US Department of Justice (DOJ) has asked Credit Suisse to pay a $5 billion-$7 billion penalty over its sale of toxic mortgage securities in the wake of the 2008 financial crisis, Reuters reported. The Swiss bank has reportedly ...
European Stocks Hover Near 1-Year High, Set for 2nd Weekly Gain
December 16th, 2016
European stocks held steady after closing at their highest level since January on Thursday, heading for a second week of gains. The Stoxx Europe 600 Index rose less than 0.1 percent at 08:45 a.m. in London as gains in ...
