Search Results for: Credit Suisse
The Pound vs Dollar: What dealers predict
January 12th, 2017
Analysts at Citi – the world’s largest foreign exchange dealer – have confirmed to clients they are bearish on the Pound-Dollar exchange rate. In a communication released on Tuesday January 10, technical strategists have communicated expectations for further falls ...
SIX Swiss Exchange has appointed a new Chairman
January 11th, 2017
The Board of Directors of SIX has appointed Romeo Lacher its new Chairman with immediate effect. Romeo Lacher has been chairing the Board of SIX on an interim basis since 1 October 2016. He has many years of management ...
FxPro shelves its IPO as FCA crackdown looms
January 5th, 2017
Currency trading firm FxPro shelves float as FCA crackdown looms The online trading platform has shelved its IPO indefinitely amid FCA plans to curb spread-betting risks, Sky News learns. One of the biggest privately owned currency trading brokers operating ...
Deutsche Bank Reaches $7.2 Billion Settlement Over Toxic Securities
December 23rd, 2016
The Obama administration scrambled to resolve its remaining crisis-era megabank mortgage cases, striking a $7.2 billion settlement Thursday with Deutsche Bank AG over toxic securities while separately filing a lawsuit against Barclays PLC alleging more than $30 billion in ...
Strong franc, negative interest rates expected to stay
December 21st, 2016
The Swiss economy will continue to be plagued by an over-valued franc and negative interest rates for the whole of next year, according predictions released by Credit Suisse bank economists. The silver lining to this forecast is that Swiss ...
Banking Giants Set to Invest in R3-Rival & Blockchain Startup Axoni
December 20th, 2016
US banking giants Goldman Sachs and JPMorgan Chase are leading a number of other financial institutions to invest in blockchain startup Axoni, a report has revealed. According to Reuters, the banks are looking to invest between $15 to $20 million in ...
Italy seeks to borrow 20 bln euros to prop up banking sector
December 20th, 2016
The Italian government decided on Monday to seek parliamentary approval to borrow 20 billion euros to underwrite the stability of its wobbly banking sector, starting with a likely bail-out of No. 3 lender, Monte dei Paschi di Siena, as ...
Gold price forecast for 2017 is lowered
December 12th, 2016
Credit Suisse Group AG (CS) analysts recently lowered their 2017 gold forecast, pointing to slowing sales of exchange-traded funds (ETFs) and speculation surrounding how the election could impact interest rates. These analysts cut their full-year forecast to $1,338 per ...
Enforcement Director Andrew J. Ceresney to Leave SEC
December 9th, 2016
The Securities and Exchange Commission today announced that Enforcement Director Andrew J. Ceresney will leave the agency by the end of the year. During his nearly four years as head of the agency’s largest division, Mr. Ceresney implemented approaches ...
Lithuania is looking to attract FinTech companies
December 5th, 2016
Of all the cities lining up to poach London’s business post-Brexit, Vilnius might seem the most unlikely. Yet the Lithuanian capital has much to offer financial firms, from liveability and local talent to cutting-edge fintech regulation. Euromoney visits a ...
