Edition:
United Kingdom

Brenna Hughes Neghaiwi

UBS says Asia's wealthy trade less, cut debt as politics shift

18 Dec 2018

ZURICH Wealthy Asian investors are trading less, worried that trade tensions are tilting the global balance of power, Martin Blessing, co-head of wealth management at UBS , said.

UPDATE 1-Credit Suisse bosses buy 6.2 mln Sfr of bank's shares

12 Dec 2018

ZURICH, Dec 12 Top managers at Credit Suisse purchased 557,025 of the bank's shares on Wednesday for a combined value of 6.2 million Swiss francs, filings on the Credit Suisse and Swiss exchange SIX's website showed on Wednesday.

Credit Suisse ends restructuring with plan for up to $3 billion share buyback

12 Dec 2018

ZURICH Credit Suisse plans to buy back 2 to 3 billion Swiss francs ($2-3 billion) of shares over the next two years and raise its dividend, voicing confidence that its strategy is working after a painful three-year restructuring.

Barclays to keep Swiss private banking growth momentum in 2019

05 Dec 2018

ZURICH Britain's Barclays expects to have grown its Swiss private banking business by more than 10 percent this year and is looking to expand further in Switzerland in 2019.

Swiss bank Raiffeisen names Heinz Huber new head

20 Nov 2018

ZURICH, Nov 20 Swiss cooperative lender Raiffeisen on Tuesday named Heinz Huber its new chief executive as it seeks to turn the page on a series of scandals under previous management.

UPDATE 1-Bank Baer warns on cost-income target as client activity drops

20 Nov 2018

ZURICH, Nov 20 Swiss wealth manager Julius Baer on Tuesday said it was cutting spending under what it described as adverse market conditions, warning it may not achieve its cost-income target this year.

Swiss watchdog investigates banks over alleged payments system boycott

15 Nov 2018

ZURICH Switzerland's competition watchdog has raided the offices of financial companies, including Credit Suisse and UBS , to investigate a suspected boycott of mobile payment solutions such as Apple Pay and Samsung Pay . | Video

Swiss propose gold transparency to avoid human rights breaches

14 Nov 2018

ZURICH Switzerland stopped short of new laws to ensure that gold it imports for refining has not been produced in violation of human rights, proposing greater industry transparency instead.

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