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About 977 results for "swiss banks"

No End in Sight for European Banks' Cost Cuts as Revenue Slumps

Faith in central banks' healing powers faltering: BIS

The Swiss-based organisation said recent worries over China's economy, oil and commodity prices and some European banks had come as fundamental shifts take place in the global economy Business Standard, 1 month ago
4 Traders

SNB could seek to prevent banks hoarding cash if franc soars - Roubini group

The Swiss National Bank might seek authority to stop commercial banks converting reserves into cash if its current policy arsenal failed to prevent a major appreciation of the franc, economist Nouriel Roubini's research group said. A report ...
 4 Traders2 days ago Weaker UBS profit and capital prompt dividend fears, shares fall  Yahoo! Finance1 day ago UBS to cut jobs as client caution sinks profit  4 Traders1 day ago 04/05/2016: BUSINESSREPORT: UBS to cut jobs as earnings drop  Cape Times E-dition20 hours ago

Seven banks to pay $324 million to settle suit

Seven big banks, including Bank of America (Swiss: BAC.SW - news ) , JP Morgan, Credit Suisse (LSE: 0QP5.L - news ) and Deutsche Bank (LSE: 0H7D.L - news ) , have agreed to pay a total of $324 million to settle a lawsuit accusing them of market ...
 Yahoo! Finance UK and Ireland16 hours ago
Malay Mail

Banks rattle European stocks

HSBC with BNP Paribas in the black fail to offset the burden of German titan Commerzbank and Swiss lender UBS. — Reuters file pic LONDON, May 3 — European stock markets slumped today, dragged down by disappointing bank results, as the EU cut its ...
 Malay Mail1 day ago Profit pain for more European banks  Reuters UK1 day ago European Markets Drop After HSBC, UBS and Commerzbank Disappoint  123Jump5 hours ago China and banks rattle Europe stock markets  Gulf Times1 day ago


MOSCOW Swiss banks UBS and Credit Suisse are interested in advising the Russian government on several privatisations as long as the deals do not violate sanctions, three banking sources told Reuters. The banks responded to a request for proposals that the ...
 First Post.com1 month ago Exclusive - UBS, Credit Suisse interested in advising on Russia privatisation - sources  Sify1 month ago
Times of India

Swiss banks face scrutiny over Panama Papers

Switzerland is the world's largest centre for offshore wealth, with Boston Consulting Group estimating that around $2.5 trillion in foreign assets was kept with the country's banks in 2014. It is stepping up scrutiny of its banks in response to the Panama ...
 Times of India3 weeks ago

Major banks set up thousands of offshore firms: Le Monde

giant HSBC and Swiss institutions UBS and Credit Suisse set up more than 4,500 offshore companies through Panama-based law firm Mossack Fonseca, Le Monde newspaper reported today. HSBC created 2,300 offshore companies, Credit Suisse has 1,105 and UBS, has ...
 Business Standard4 weeks ago

Working 'very closely' on tax information exchange with India: Swiss Ambassador

Swiss banks, have come under global pressure as countries, including India, are ramping up efforts to crack down on the black money menace.
 DNA1 month ago India, Switzerland working 'very closely' on tax info exchange  Business Standard1 month ago India Top Supplier of Illicit Medicines Reaching Swiss Shores  Silicon India2 months ago

Swiss banks asked to fight money laundering

Swiss banks must clamp down on money laundering, the country’s financial watchdog said on Thursday as the Geneva prosecutor opened a criminal probe after a massive document leak showed how offshore companies are used to stash clients’ wealth. Four decades ...
 The Financial Chronicle3 weeks ago Money laundering: We are looking at the tip of the iceberg  Rediff.com2 weeks ago

Hit to Cred

Credit Suisse is culling its ugly ducklings. The Swiss bank on May 4 sold $1.2 billion of distressed credit to TSSP, an affiliate of US buyout group TPG, locking in $100 million of write-downs on top of those it has already taken. The financial hit ...
 Business Standard India4 hours ago Credit Suisse to sell debt portfolio for $1.27B  Seeking Alpha14 hours ago Credit Suisse Sells Debt Assets -- WSJ  4 Traders17 hours ago Credit Suisse Agrees to Sell Distressed-Debt Portfolio to TSSP for $1.27 Billion -- Sources  4 Traders22 hours ago
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