Oliver Hirt

Chronext aims to raise 250 million Sfr in IPO

Sep 10 2021

ZURICH Swiss online marketplace Chronext wants to issue new shares worth around 250 million Swiss francs and also place existing shares from investors in an initial public offering (IPO) at Swiss stock exchange SIX, the company said on Friday.

Automotive electronics group Brusa plans Swiss IPO in Oct -sources

Aug 31 2021

ZURICH, Aug 31 Swiss group Brusa Elektronik plans to list its power electronics business on the SIX Swiss Exchange as soon as October to capitalise on the boom in electrical drives for alternative vehicles, two sources close to the situation told Reuters.

Credit Suisse creates new asset management risk role

Jul 30 2021

ZURICH Credit Suisse, recently hit by the Archegos and Greensill scandals, has created a new role of chief risk officer for asset management that will be filled by Wolfram Peters, former chief risk officer at Allianz Global Investors, executives of the Swiss bank said in an internal memo seen by Reuters.

Credit Suisse investment bank set for Archegos aftershocks

Jul 27 2021

ZURICH When Credit Suisse reports earnings on Thursday, investors will get an insight into how aftershocks from the Archegos and Greensill scandals are being felt across its investment bank just as its rivals are flourishing.

Credit Suisse brings UBS' Kruck in as asset management chief of staff

Jul 23 2021

ZURICH Credit Suisse has hired UBS' David Kruck, with new divisional head Ulrich Koerner bringing in a former colleague to join him at the top of the bank's asset management team.

Swiss Post to float document management unit SPS in autumn -sources

Jul 07 2021

ZURICH Switzerland's Swiss Post is planning to float its SPS unit in autumn in a deal that is expected to value the digital document management company at 400-500 million Swiss Francs ($433-541 mln), two people close to the matter said.

ABB readies electric vehicle charger business for $3 billion IPO next year - sources

Jul 01 2021

FRANKFURT Swiss technology group ABB plans to list its e-mobility division on the stock market next year in a deal that could value the fast-growing business at about $3 billion, according to three people close to the matter.

Exclusive: Swiss telecoms group Salt targets $2.7 billion valuation in autumn float -sources

Jun 30 2021

ZURICH Switzerland's no.3 telecoms group Salt is preparing for a Zurich stock market flotation in the autumn in a deal that could value the company at about 2.5 billion Swiss francs ($2.7 bln), three people close to the matter said.

Exclusive: Scandal-hit Credit Suisse considers creating single private bank - sources

Jun 30 2021

ZURICH Credit Suisse Group AG is considering centralising the management of its bankers to the world's wealthy, reversing a regional structure put in place six years ago, as the scandal-plagued Swiss bank looks for ways to tighten controls and improve operations, three sources familiar with the matter said.

World News

U.S. special envoy resigns over Haiti expulsions from Texas camp

CIUDAD ACUNA, Mexico (Reuters) -The U.S. special envoy to Haiti dramatically resigned on Thursday in a letter that excoriated the Biden administration for deporting hundreds of migrants to the crisis-engulfed Caribbean nation from a camp on the U.S.-Mexican border in recent days.