Search Results for: Swiss
Finra arbitration panel orders UBS to pay for damages over Puerto Rico bond losses
March 28th, 2016
Damages linked to the commonwealth’s distressed debt continue to climb UBS Group AG’s wealth management business for the Americas must pay more than $470,000 to three investors who claimed damages because their accounts were over-concentrated in Puerto Rico bonds ...
AMF France warns against the activities of Binary Options Trading websites that are not authorised
March 28th, 2016
The Autorité des Marchés Financiers (AMF), the financial regulatory authority of France, has issued a press release to inform investors and public for Binary Options Websites offering their services in France without the necessary authorisation by AMF. Below is ...
Italian police open money laundering investigation of broker linked to HSBC
March 23rd, 2016
An Italian financial broker who worked on behalf of HSBC in the Swiss town of Lugano is under investigation for possible money laundering in a probe linked to a wider tax evasion case, an Italian finance police colonel told ...
UBS and Credit Suisse launch fintech accelerator
March 23rd, 2016
The two largest Swiss banks UBS and Credit Suisse, are partnering with Swisscom, Swiss Life and Ernst & Young to launch a fintech accelerator with an international target audience. Operating under the umbrella of the Kickstart Accelerator, the programme ...
Credit Suisse accelerates its restructuring
March 23rd, 2016
Tidjane Thiam, Chief Executive Officer of Credit Suisse, commented: “Our recent performance has highlighted further two key areas of challenge for Credit Suisse: – Our fixed cost base, and – Our scale in Global Markets in the Americas and ...
Dollar rises as Brussels attacks weaken European currencies
March 23rd, 2016
Dollar rises as euro weakens; yen rises on risk aversion Sterling off 1 pct on fears of rising ‘Brexit’ possibility Dollar index extends rebound from five-month trough The dollar rose on Tuesday as the euro and sterling weakened following ...
Goldman-1MDB Probe Zeroes In on Bond Deals
March 22nd, 2016
Investigation focuses on whether Wall Street firm misled investors when it sold securities issued by Malaysian fund U.S. authorities are investigating whether Goldman Sachs Group Inc. misled bondholders when the firm sold securities issued by a Malaysian government-investment fund that is at ...
UBS publishes Annual Report 2015
March 21st, 2016
UBS has issued an announcement to make publish the Annual Report 2015. According to UBS, the Annual Report 2015 provides comprehensive and detailed information on the firm, its strategy, business, governance, financial performance and risk, treasury and capital management, ...
FINMA reduces obstacles to FinTech
March 18th, 2016
The Swiss Financial Market Supervisory Authority FINMA has published a new circular facilitating video and online client identification. In addition to removing a number of unnecessary obstacles from its regulations, FINMA also supports the introduction of a new licensing ...
Credit Suisse Accused of Money Laundering by Billionaire
March 17th, 2016
Former Georgian PM alleges bank failed to control ex-manager Geneva criminal complaint is latest to target the Zurich bank Lawyers for Georgia’s billionaire former prime minister Bidzina Ivanishvili accused Credit Suisse Group AG of money laundering as they step ...
