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Investcorp acquires minority stake in top Swiss bankBahrain-based Investcorp, a global provider and manager of alternative investment products, has announced that it has taken a strategic minority stake in Banque Pâris Bertrand Sturdza, an independent Swiss-regulated private bank based in G More… |
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Investcorp acquires minority stake in top Swiss bankBahrain-based Investcorp, a global provider and manager of alternative investment products, has announced that it has taken a strategic minority stake in Banque Pâris Bertrand Sturdza, an independent Swiss-regulated private bank based in G More… |
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Lombard Odier launches Islamic banking servicesBank Lombard Odier & Company, a leading global wealth and asset manager based in Geneva, Switzerland, has announced the launch of its full suite of Shariah-compliant investment solutions - the first in its 222-year history, in the Middle Eas More… |
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Lombard Odier launches Islamic banking servicesBank Lombard Odier & Company, a leading global wealth and asset manager based in Geneva, Switzerland, has announced the launch of its full suite of Shariah-compliant investment solutions - the first in its 222-year history, in the Middle Eas More… |
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Swiss bank Safra Sarasin to shut India wealth JVSwiss private bank J. Safra Sarasin Group is shutting its Indian joint venture after it was unable to build significant scale in a competitive market hit by slowing economic growth, sources with direct knowledge of the matter said. More… |
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UBS to pay $885m fine in securities rowUBS will pay $885 million in a settlement with a US regulator over allegations the Swiss bank misrepresented mortgage-backed bonds during the housing bubble, paving the way for billions more to be paid by other banks. European and More… |
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France widens UBS tax probeSwiss bank UBS has been placed under formal investigation for alleged complicity in suspected illegal sales practices, the French prosecutor's office said yesterday, a week after the bank's French business suffered the same fate. More… |
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UBS faces $1bn fine for UK Libor riggingSwiss bank UBS faces a fine of about $1 billion next week to settle charges of rigging the London interbank offered rate (Libor) interest rate benchmark, a person familiar with the situation said. Such a penalty would be more than More… |
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UBS fined $48m by FSA over scandalUBS was fined £30 million ($48 million) by Britain's financial watchdog and put under extra scrutiny by its Swiss counterpart over failings that allowed a rogue trader to lose $2.3 billion. Announcing the fine yesterday, More… |
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C. Suisse in new venture with QatarCredit Suisse Group has set up an asset management venture with key shareholder and sovereign wealth fund arm Qatar Holding, the Swiss banking group said on Tuesday. The new venture, named Avent More… |
