Switzerland

Results for Switzerland

Banque Heritage To Take On Client Assets From Bank Hottinger

Switzerland's Banque Heritage said on Wednesday it would take on client assets from wealth manager Bank Hottinger, which regulators put into bankruptcy last month, Reuters reported. The agreement is expected to be among a host of deals and closures ...

Daily Headline - global.abi.org - 11/18/2015 - 22:51 - 0 comments

Glencore Puts Copper Mines Up For Sale In Bid To Slash $30 Billion Debt Pile

The ailing mining and trading giant Glencore has intensified efforts to slash its $30bn (£20bn) debt pile by putting copper mines in Australia and Chile up for sale, The Independent reported. Glencore said it was ready to spin off the Cobar mine in N ...

Daily Headline - global.abi.org - 10/12/2015 - 19:28 - 0 comments

Switzerland Downgrades Economic Growth For 2016

said. Output will expand 0.9 per cent in 2015 and 1.5 per cent in 2016, the State Secretariat for ... June, was for growth of 0.8 per cent and 1.6 per cent, respectively. Economic growth has slowed after ... said. Output will expand 0.9 per cent in 2015 and 1.5 per cent in 2016, the State Secretariat for ...

Daily Headline - global.abi.org - 09/17/2015 - 21:16 - 0 comments

Geneva Prosecutor Ends Six-Year Saad/Algosaibi Probe With No Further Action

A Geneva prosecutor has closed a six-year investigation into a criminal complaint by Saudi Arabia's Ahmad Hamad Algosaibi and Brothers (AHAB) against Maan al-Sanea and two units of his Saad Group, the prosecutor's office told Reuters. Family co ...

Daily Headline - global.abi.org - 08/20/2015 - 17:40 - 0 comments

Swiss Prosecutors End HSBC Inquiry Without Filing Charges

Prosecutors in Switzerland said on Thursday that they had ended an investigation into possible money laundering at HSBC’s Swiss private bank without filing any criminal charges, the reported. The Geneva prosecutor’s office said that it would not pursue ...

Daily Headline - global.abi.org - 06/04/2015 - 22:06 - 0 comments

Barclays And RBS Among Banks Fined $5.7 Billion Over Foreign Exchange Market Rigging

Barclays and the Royal Bank of Scotland were among six banks to be fined a total of $5.7 billion (£3.8 billion) by British and US regulators over allegations that they rigged the $5.3 trillion-a-day foreign exchange market, The Standard reported. The ...

Daily Headline - global.abi.org - 05/20/2015 - 20:36 - 0 comments

Swiss Votes on Pay Bode Ill for Star Bankers

Switzerland’s new “say on pay” rules could make it harder for investment banking stars at UBS and Credit Suisse to outpace their bosses in compensation, the International New York Times DealBook blog reported. All the country’s listed companies face ...

Daily Headline - global.abi.org - 04/02/2015 - 22:18 - 0 comments

Swiss Refused Request For Help To Pursue HSBC Prosecutions

Switzerland refused a request for assistance to help bring prosecutions here on the basis of the leaked HSBC Geneva banking files, according to the Irish Revenue Commissioners. Revenue chairman Niall Cody has also told the Dáil Committee of Public Accoun ...

Daily Headline - global.abi.org - 02/25/2015 - 21:03 - 0 comments

SNB’s Cap Decision Could Weigh on Swiss Economy

The Swiss National Bank ’s decision to scrap its cap on the franc’s value will weigh on the Alpine country’s economy and could lead to one or two quarters of contraction, the head of the central bank, Thomas Jordan, said Saturday. The Zurich-based SNB st ...

Daily Headline - global.abi.org - 02/08/2015 - 22:59 - 0 comments

Administrators Say Some Interest In Alpari From Potential Buyers

Administrators for currency trading firm Alpari (UK) Ltd said they had received a number of inquiries from potential buyers of the business hit by heavy losses from last week's surge in the value of the Swiss franc, Reuters reported. Alpari lost mil ...

Daily Headline - global.abi.org - 01/19/2015 - 23:43 - 0 comments

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