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United Kingdom

Angelika Gruber

Billionaires' wealth falls for first time since 2015

08 Nov 2019

ZURICH The world's richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015. | Video

CORRECTED (OFFICIAL)-Billionaires' wealth falls for first time since 2015

08 Nov 2019

ZURICH, Nov 8 The world's richest people became a little less well off last year, according to a report by UBS and PwC, as geopolitical turmoil and volatile equity markets reduced the wealth of billionaires for the first time since 2015.

UBS could double Americas wealth business profit within a decade

01 Nov 2019

ZURICH UBS Group could double the profit it makes from its American wealth management arm within a decade even as it cuts staff numbers by targeting the super-rich, the co-head of the business told Reuters.

Investor revolt torpedoes Swiss Sunrise's $6.4 billion Liberty Global deal

22 Oct 2019

ZURICH Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global's Swiss cable business UPC.

Sunrise's UPC deal too expensive, says advisory group ISS

10 Oct 2019

ZURICH Proxy adviser ISS recommended shareholders vote against a rights issue that will allow Sunrise Communications to finance a 6.3 billion Swiss franc ($6.35 billion) purchase of cable operator UPC from Liberty Global , in a report sent to clients on Thursday.

At least 30% of Sunrise votes oppose rights issue for UPC deal -investors

03 Oct 2019

ZURICH, Oct 3 Sunrise Communications' planned 6.3 billion Swiss franc ($6.30 billion) takeover of cable operator UPC from Liberty Global is going down to the wire, with several investors set to oppose the deal despite a revamped rights issue, they told Reuters.

At least 30% of Sunrise votes oppose rights issue for UPC deal -investors

03 Oct 2019

ZURICH, Oct 3 Sunrise Communications' planned 6.3 billion Swiss franc ($6.30 billion) takeover of cable operator UPC from Liberty Global is going down to the wire, with several investors set to oppose the deal despite a revamped rights issue, they told Reuters.

Swiss banks benefit as rich Britons line up escape route from Brexit chaos

03 Oct 2019

ZURICH Swiss private banks have seen a sharp rise in British clients who are moving assets offshore to escape a chaotic Brexit, several sources familiar with the situation told Reuters.

Switzerland's FINMA boss fears crypto's 'dark corners,' not Libra

01 Oct 2019

ZURICH Switzerland is more worried about cryptocurrency projects developing outside official scrutiny than about the Facebook-conceived Libra project, which is being handled with openness, the head of Swiss financial supervisor FINMA said on Tuesday.

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