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After an impressive tenure spanning over 27 years at Credit Suisse, a seasoned leader has embarked on an exciting new journey at Indosuez Wealth Management, a prominent player in the global wealth management arena. This strategic move signals a commitment to…
UBS starts the year with robust financial performance, signaling successful early-stage integration of Credit Suisse. Swiss banking giant UBS has kicked off 2025 with an impressive net profit of $1.7 billion for the first quarter, driven by a substantial…
The first Eurozone Banks get hit by sanctions while Switzerland is waiting to see if the Federal Government follows in the EU’s steps. To some degree or another, Swiss banks will not be able to escape sanctions against Russia, whether they affect corporate…
Credit Suisse used complex derivatives to offload the risks of billions in loans to oligarchs and tycoons to hedge funds. Credit Suisse securitized a portfolio of loans linked to the yachts and private jets of its wealthiest clients using derivatives,…
Winter is coming to Hong Kong. The Hong Kong dollar breached its 2007 low today, down to as low as 7.8226, just haircuts away from the 7.85 level that would prompt the Hong Kong Monetary Authority to intervene. After China decoupled its loosely pegged yuan…
Indonesian retailers could see tough days persisting next year as they wade through a storm of weak rupiah and waning consumer demands, analysts at Credit Suisse Securities Indonesia says. Retailers in the country have grappled with volatility in the rupiah…
Private equity investor Warburg Pincus is making a bid of up to $400 million for the giant MedPlus India pharmacy chain. Nine year old MedPlus currently operates a network of 1200 retail stores in 12 states of India. Promoter Madhukar Gangadi, who together…
The upcoming Singapore Savings Bonds and stricter rules on how much capital banks must hold may be driving lenders to offer enticing promotional rates for fixed deposits. A shortage of funds on deposit available to banks for lending might also have prompted…
