By 2027, there will be 26 million additional millionaires worldwide UBS and Credit Suisse estimate. That's enormous potential for Swiss private banks if they gain a foothold in the right markets.
Although UBS and Credit Suisse scaled back their activities in Russia since it invaded Ukraine, they're now barred from a complete withdrawal.
A former Singapore parliamentarian has launched two stablecoins in Switzerland to help investors diversify away from the US dollar.
New statistics show a sharp rise in population as the government’s measures to attract overseas applications, many of them from the mainland, kick in. Where does that leave everyone else?
Taiwan’s financial regulator has reportedly asked local insurers to urgently review their positions and risks related to Chinese markets, amid an ongoing downturn in the mainland.
Liechtenstein-based LGT reported its assets under management reached a record as it attracted new money. Its interest income doubled.
More revelations are emerging at Zhongrong International Trust, this time with an official reportedly claiming that it had missed payments on dozens of products due to insufficient liquidity.
The price UBS paid for taking over Credit Suisse is being debated in court. History shows such actions in bank takeovers have had success elsewhere. In Switzerland, plaintiffs are bumping up against emergency law.
Pressure is on the rise for China’s property market as it faces the prospects of a default by Country Garden. A number of global banks and asset managers reportedly have exposure to the troubled developer.
Now that there's only one major bank in Switzerland, the country's central bank is revamping how it reports banking statistics.
A Liechtenstein-based law firm has filed what is now the third class action lawsuit related to the price UBS paid for Credit Suisse. The plaintiffs are seeking appropriate compensation.
Globally, private wealth fell in 2022, according to a report jointly launched by UBS and Credit Suisse. This is the first time this has occurred since 2008.
Country Garden and Zhongrong are the latest casualties in the mainland’s debt and market crisis. But what do we really know? The continued lack of transparency just risks making the country uninvestable.
Bill Browder wants to keep up the pressure on Switzerland over sanctions on Russia. The Swiss judiciary in the Magnitsky case is a disgrace, and the country must formulate its own sanctions policy.
UBS has announced an agreement reached with the US Justice Department over the sale of residential mortgage-backed securities during the 2008 crisis.
US-based Federated Hermes has named an international head of sales to oversee sales activities outside of the Americas.
A major state-backed trust firm in mainland China has missed payments on wealth management products sold to three Shanghai-listed companies. This will likely cause liquidity worries amid an ongoing economic slowdown.
Marcel Roca worked in human resources at Credit Suisse for nearly half a century, bringing in big banking names. Now he works for Iqbal Khan's asset management unit at UBS, finews.asia has learned.
The former CEO of Credit Suisse has given his first interview to Ivorian media since 1999 when a coup cost him his ministerial post. The financier boasts of his merits while serious accusations are being made against him in Switzerland.
Today a second lawsuit was filed by Credit Suisse shareholders. The plaintiffs are defending themselves against the low price paid by UBS for the takeover.
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