Search Results for: UBS AG
BNP Paribas embraces Silicon Valley through Plug and Play partnership
April 8th, 2016
BNP Paribas and its US subsidiary Bank of the West are looking to bolster their relationship with Silicon Valley through a partnership with the fintech platform of giant technology accelerator Plug and Play. The banks have signed up as ...
China Foreign-Exchange Reserves Rise for First Time in Five Months
April 8th, 2016
Increase comes as the yuan has staged a recovery in recent weeks China’s foreign-currency reserves rose during March, the first increase in five months, a sign Beijing may have partially succeeded in stemming heavy capital outflows that destabilized global ...
Justice Department Sues to Block Halliburton’s Acquisition of Baker Hughes
April 7th, 2016
Merger would eliminate significant head-to-head competition in oilfield services industry The Department of Justice filed a civil antitrust lawsuit today seeking to block Halliburton Company’s proposed acquisition of Baker Hughes Inc., alleging that the transaction threatens to eliminate competition, ...
HSBC, RBS and Barclays plan to close 400 branches
April 7th, 2016
Three of Britain’s largest banks are planning to close about 400 branches this year, according to people familiar with the situation, a new programme of closures that could leave thousands of customers without easy access to a bank. The ...
Catalytic Finance Initiative Brings Together Banks and Investors, Directs $8 Billion in Capital for High-Impact Sustainable Projects
April 6th, 2016
AllianceBernstein, Babson Capital Management, Bank of America, Crédit Agricole CIB, European Investment Bank, HSBC, International Finance Corporation, Mirova and the Aligned Intermediary to Fund Clean Energy Solutions A consortium of leading financial institutions and investors today announced a new partnership ...
Credit Suisse, HSBC dismiss ‘Panama Papers’ tax avoidance allegations
April 6th, 2016
Credit Suisse and HSBC, two of the world’s largest wealth managers, dismissed on Tuesday suggestions they were actively using offshore structures to help clients cheat on their taxes. Their comments came a day after a leak of four decades ...
Germany: Boost investment and productivity for a stronger economy and more inclusive society
April 5th, 2016
Germany is in a solid economic position, but ageing and technological change require new investments in people to ensure a stronger and more inclusive society, according to the latest OECD Economic Survey of Germany. The Survey, presented in Berlin today ...
Credit Suisse faces tough questions after $1 billion write-downs
April 5th, 2016
On Jan. 19, Credit Suisse (CSGN.S) Chief Executive Tidjane Thiam contacted the head of the Swiss bank’s markets business asking for more details about the fourth-quarter results at the trading division, according to materials seen by Reuters. Two-and-a-half months ...
A tale of two currencies
April 5th, 2016
There is a widespread and growing feeling that financial markets are slipping towards another crisis of some sort. In this article I argue that we are in the eye of a financial storm, that it will blow again from ...
RBI:India Cuts Rates,First Bi-monthly Monetary Policy Statement, 2016-17
April 5th, 2016
Part A: Monetary Policy Monetary and Liquidity Measures On the basis of an assessment of the current and evolving macroeconomic situation, it has been decided to: reduce the policy repo rate under the liquidity adjustment facility (LAF) by 25 ...
