Edition:
United Kingdom

Brenna Hughes Neghaiwi

BRIEF-Credit Suisse CEO: Hurdles For Acquisitions High, Prefers Organic Growth

11 Dec 2019

* CEO SAYS HURDLES FOR ACQUISITIONS ARE HIGH, PREFERS ORGANIC GROWTH, ACQUISITIONS SEEM UNATTRACTIVE Source text for Eikon: Further company coverage: (Reporting by Brenna Hughes Neghaiwi)

Credit Suisse lowers profit targets as investment bank heads into the red

11 Dec 2019

ZURICH A year after completing a major restructuring, Credit Suisse's Chief Executive Tidjane Thiam has cut the Swiss bank's profitability targets for this year and next, blaming a drop in dealmaking, negative interest rates and global trade tensions for the climbdown.

BRIEF-Credit Suisse CEO: confident we can reach 12% RoTE mid-term

11 Dec 2019

* CEO SAYS ABSOLUTELY CONFIDENT WE CAN REACH 12% ROTE MID-TERM AND GROW BEYOND THAT

Climate change a long-term risk for Swiss finance, FINMA watchdog says

10 Dec 2019

BERN Climate change poses one of the biggest long-term threats to the financial industry, Switzerland's financial market supervisor FINMA said in its first-ever risk report published on Tuesday.

BRIEF-Swiss Re AG Says It Will Adopt International Financial Reporting Standards (IFRS) For Its Consolidated Financial Statements As Of 1 January 2024

05 Dec 2019

* SAYS IT WILL ADOPT INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) FOR ITS CONSOLIDATED FINANCIAL STATEMENTS AS OF 1 JANUARY 2024 Source text for Eikon: Further company coverage:

BNP Paribas considers axing 250 jobs in Switzerland

29 Nov 2019

ZURICH BNP Paribas is considering laying off around 250 employees in Switzerland, France's biggest bank said on Friday, blaming "major challenges" in the Swiss financial environment and as it seeks to cut costs group-wide.

Julius Baer warns will miss 2019 net new money target after Kairos outflows

19 Nov 2019

ZURICH Private bank Julius Baer said it was unlikely to achieve its target of 4-6% growth in net new money this year due to outflows from funds at its Italian subsidiary Kairos.

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.

Credit Suisse CEO says Khan spying affair leaves business unscathed

31 Oct 2019

ZURICH Credit Suisse Chief Executive Tidjane Thiam said a "media campaign" surrounding the Swiss bank's tailing of former International Wealth Management executive Iqbal Khan had left clients undeterred and business unscathed.

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