Search Results for: Switzerland
Credit Suisse to Raise $6.3 Billion Of Capital in Strategy Shift
October 21st, 2015
Bank plans to hold IPO of Swiss banking unit by 2017 Third-quarter profit misses estimates on investment bank loss Credit Suisse Group AG will raise about 6.05 billion Swiss francs ($6.3 billion) of capital as part of a broad ...
Deutsche Bank, Credit Suisse Set to Scale Back Global Ambitions
October 20th, 2015
Regulation, interest rates, economy curbing profitability U.S. firms are grabbing greater share of investment bank fees Europe’s last global banks are caving in to pressure from regulators and preparing to tell investors just how much their aspirations will shrink. ...
VW Loses Market Share in Europe as Diesel-Motor Recalls Loom
October 16th, 2015
Gain of 8.3% lagged behind industry growth of 9.8% last month VW showed “noticeable uptick” in German discounting: Barclays Volkswagen AG failed to keep pace with European competitors as the German carmaker’s market share slipped last month in the ...
The Common Reporting Standard: Automatic Information Exchange Goes Global
October 16th, 2015
Automatic exchange of information for tax law enforcement purposes started first in Europe with the EU Savings Tax Directive, went international with the US Foreign Accounts Tax Compliance Act, and, from 2017, will go global with the recently-agreed Common ...
Swatch presented pay-by-wrist watch
October 15th, 2015
Swatch has joined forces with China UnionPay and Bank of Communications to introduce contactless payment “by-the-wrist” to China SWATCH BELLAMY: THE NEW PAY-BY-THE-WRIST SWATCH WATCH Pioneering Swiss watchmaker Swatch presented SWATCH BELLAMY, the new “pay-by-the-wrist” watch, at the landmark ...
UBS to Pay $19.5 Million Settlement Involving Notes Linked to Forex trading strategy
October 14th, 2015
Case Is Agency’s First Against an Issuer of Retail Structured Notes The Securities and Exchange Commission today announced that UBS AG has agreed to pay $19.5 million to settle charges that it made false or misleading statements and omissions ...
NIRP, its likelihood and effect on commodities
October 5th, 2015
In last week’s article I pointed out that negative interest rates should lead to a general shift in consumer preferences from money towards essential goods. Central bankers may wish for this outcome on a controlled basis to allow them ...
VW takes 4,000 cars off the UK market
October 2nd, 2015
Volkswagen is suspending the sale of 4,000 vehicles in the UK in the wake of the emissions scandal. The company said the vehicles may be equipped with the device that cheated emissions tests in the US. The move will ...
VW Close to Diesel Fix as Sales of Rigged Cars Halted
September 30th, 2015
Sales halted in Spain, Switzerland, Italy and the Netherlands Volkswagen to inform customers soon of plans for repairs Volkswagen AG will start fixing emissions systems that cheated on pollution tests as soon as October, as sales of vehicles with ...
Swiss Investigate Seven Banks Over Precious Metals Market Trading
September 28th, 2015
Inquiry involves possible collusion between UBS, Julius Baer, Deutsche Bank, HSBC, Barclays, Morgan Stanley and Mitsui A Swiss regulator has opened an investigation into precious metals trading at a group of large banks, marking the latest in a line ...
