By Silke Koltrowitz, Angelika Gruber and Brenna Hughes Neghaiwi
ZURICH With other parts of its business facing hefty cuts, Deutsche Bank wants to expand its European operations handling the assets of rich clients and take market share from rivals after staunching the outflow of assets.
ZURICH Credit Suisse wealth management boss Iqbal Khan is leaving Switzerland's second-largest bank in the latest high-level departure under Chief Executive Tidjane Thiam.
ZURICH UBS expects regulatory costs to remain significant over the coming years but to fall from the high levels the Swiss bank has faced since 2014, its compliance chief said on Tuesday.
FRANKFURT/ZURICH Talks have stalled between Deutsche Bank and UBS on a tie up of their asset management businesses due to differences over who would control the combined entity, people familiar with the matter said.
FRANKFURT/ZURICH, May 13 Talks between Deutsche
Bank and UBS to tie up their asset
management businesses have stalled, three people familiar with
the matter said.
BASEL, Switzerland UBS Group shareholders refused on Thursday to endorse the performance of the Swiss bank's leadership last year in a rare rebuke sparked by a French conviction for helping wealthy clients evade taxes.