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United States

Brenna Hughes Neghaiwi

Thiam hails Credit Suisse's return to annual profit

Feb 14 2019

ZURICH Credit Suisse posted its first annual profit in four years on Thursday as a long-running restructuring plan made its mark but Switzerland's second-biggest bank warned of significant uncertainty on how markets will fare in the months ahead. | Video

Vontobel seeks more market share despite challenges ahead

Feb 12 2019

ZURICH Swiss private bank and asset manager Vontobel posted a 14 percent rise in adjusted full-year net profit and confirmed increased 2020 targets despite a challenging environment it expects this year.

BRIEF-Zurich Insurance Group AG Proposes Michael Halbherr And Barry Stowe For Election To The Board Of Directors

Feb 06 2019

* PROPOSES MICHAEL HALBHERR AND BARRY STOWE FOR ELECTION TO THE BOARD OF DIRECTORS Source text for Eikon: Further company coverage:

UBS gets approval to shift 32 billion euros of assets from Britain

Feb 06 2019

ZURICH UBS has received approval from a London court to move up to 32 billion euros ($36.44 billion) in assets from Britain to Germany as part of plans to keep business in the European Union after Brexit.

CORRECTED-MOVES-Credit Suisse hires JP Morgan, J. Safra Sarasin bankers in LatAm push

Feb 06 2019

ZURICH, Feb 6 Credit Suisse is hiring senior wealth managers from rivals JPMorgan and J. Safra Sarasin as part of a push to grow its business in Latin America as quickly as it grows its Swiss client base.

Julius Baer to cut jobs as profitability lags

Feb 04 2019

ZURICH Julius Baer plans to axe 130-140 jobs, or around 2 percent of its workforce, as part of a cost-cutting plan announced on Monday, after a tough end to 2018 caused the Swiss private bank to scale back growth targets.

BRIEF-Julius Baer CEO: "bad apples" discovered in customer compliance review have been let go

Feb 04 2019

* CEO SAYS M&A POSSIBLE TO GROW IN CORE AND STRATEGIC DEVELOPING MARKETS

In Switzerland, lingering wage gap becomes harder to explain

Jan 31 2019

ZURICH The stubborn difference between what men and women earn in Switzerland is becoming harder than ever to explain since the turn of the millennium, the government found.

UBS bets on investment banking, wealth tie-up in bid for growth

Jan 31 2019

ZURICH UBS, the world's biggest wealth manager, has appointed corporate banking veteran Christian Rosset to lead a new wealth management team tasked with strengthening corporate offerings for entrepreneur clients, the bank told employees this week.

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