{
CHE

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}
swiss banks maintain lead in offshore wealth management despite credit suisse collapse
Switzerland remains the leading country in offshore wealth management, managing $2,174 billion for international clients, though its lead over the UK and US has diminished due to Credit Suisse's collapse, which caused $183 billion in outflows. While Switzerland retains its appeal for European and Middle Eastern clients, the stability of its banking market has been shaken, and the importance of local banking is rising globally.
Corriere del Ticino
British Pound Sterling United States Dollar Singapore Dollar Swiss Franc Hong Kong Dollar Credit Suisse Anlagestiftung UBS AG USA HKG CHE GBR SGP Show more
TradFi, Market Report
09:00 23.10.2024
switzerland sees decline in foreign wealth management after credit suisse crisis
Switzerland's appeal to wealthy clients is waning, with foreign assets under management dropping to $2.174 trillion in 2023 from $2.624 trillion in 2020, according to Deloitte. The fallout from Credit Suisse's collapse has eroded confidence, particularly among clients from Europe and the Middle East, while the country's traditional advantages are losing significance. Although Switzerland remains the top offshore wealth hub, its market share has decreased, with competitors like the U.S. and the U.K. closing the gap.
Reuters
Hong Kong Dollar British Pound Sterling United States Dollar Euro Swiss Franc Credit Suisse Anlagestiftung SGP USA HKG CHE GBR Patrik Spiller Oliver Hirt John Revill Show more
TradFi, Market Report
09:00 23.10.2024
ubs swiftly lowers interest rates in response to global cuts
UBS has swiftly lowered interest rates on money market accounts following recent cuts by the Swiss National Bank, reducing rates for personal and business clients from 0.85% to 0.65%. This rapid adjustment reflects the bank's immediate response to falling global interest rates, impacting various currencies as well. The bank's ability to quickly adapt its systems highlights the significant financial implications of these changes, retaining a notable interest rate difference calculated in billions.
muula.ch
United States Dollar Euro British Pound Sterling Swiss Franc UBS AG CHE Show more
TradFi, Market Report
08:44 23.10.2024
First Sentier Investors appoints Hendrik Neumann to boost DACH institutional business
First Sentier Investors has appointed Hendrik Neumann as Institutional Business Development Director in Frankfurt to enhance its institutional client base in the DACH region. With 15 years of asset management experience, Neumann will focus on expanding relationships with pension funds, insurance companies, and family offices in Germany, Austria, and Switzerland. The firm, managing €141 billion globally, is owned by Mitsubishi UFJ Financial Group.
finews.com
Euro First Sentier Investors (UK) IM Ltd. Swiss Life Asset Managers Mitsubishi UFJ Financial Group, Inc. JPN CHE DEU AUT Sascha Beisheim Emmanuel Litique Hendrik Neumann Show more
Finance & Economy, News Article
08:29 23.10.2024
ubs increases salaries for employees amid integration with credit suisse
UBS has faced backlash from its employees after former Credit Suisse (CS) executives retained their higher salaries post-merger, leading to discontent among UBS staff. In response, UBS management has increased salaries for certain UBS employees by up to CHF 20,000, despite claims of a strict pay-for-performance policy. This move comes as UBS aims to save $13 billion by 2026, with a significant portion attributed to rising salary and bonus costs.
insideparadeplatz.ch
Swiss Franc UBS AG CS Baumann CHE
TradFi, News Article
07:41 23.10.2024
ubs maintains buy rating for deutsche börse with target price of 230 euros
UBS has maintained its "Buy" rating for Deutsche Börse, setting a target price of 230 euros following the release of third-quarter figures. While sales slightly missed consensus estimates, lower costs helped align the operating result (EBIT) with expectations, according to analyst Michael Werner.
finanzen.ch
Euro Deutsche Börse AG UBS AG CHE DEU Michael Werner
TradFi, Market Report
07:20 23.10.2024
ubs maintains buy rating for deutsche börse with target price of 230 euros
UBS has maintained a 'Buy' rating for Deutsche Börse, setting a target price of 230 euros following the release of third-quarter figures. While sales slightly missed consensus estimates, lower costs helped align the operating result (EBIT) with expectations, according to analyst Michael Werner. As of the latest trading, shares are priced at approximately 213.20 euros, reflecting a decline of 1.80%.
aktiencheck.de
Euro Deutsche Börse AG DEU CHE Michael Werner
TradFi, Market Report
07:20 23.10.2024
Roche reports strong sales growth driven by new drug portfolio
Roche Holding AG reported a 9% increase in third-quarter sales, reaching 15.1 billion Swiss francs ($17.5 billion), driven by the success of its eye drug Vabysmo and treatments for cancer, hemophilia, and multiple sclerosis. This figure surpassed analysts' average estimate of 14.9 billion francs.
bloomberg.com
Swiss Franc Roche Holding AG CHE
Healthcare, Market Report
07:14 23.10.2024
UBS maintains neutral rating for Givaudan amid fragrance business concerns
UBS has maintained a "Neutral" rating for Givaudan, setting a price target of 4,520 francs following an investor event focused on the fragrance business. Analyst Charles Eden noted ongoing discussions regarding the anticipated slowdown in growth within this segment and its potential impact on profitability.
boerse.de
Swiss Franc Givaudan SA CHE Warren Buffet Charles Eden Thomas Müller Hubert Dichtl Show more
TradFi, Market Report
07:07 23.10.2024
blackstone and ubs launch private equity fund for individual investors
Blackstone has launched the BXPE fund, allowing private investors to enter the private equity space with a minimum investment of $25,000. Since its inception, the fund has attracted $6 billion, offering access to diverse strategies and potential annual returns of 12-15%. However, investors should be aware of significant fees and the need for patience, as returns may take years to materialize amid a challenging market environment.
Neue Zürcher Zeitung
United States Dollar Blackstone Inc. UBS AG The Goldman Sachs Group, Inc. CHE USA Lorenz Honegger Michael Bruun Christopher James Show more
TradFi, Market Report
05:30 23.10.2024
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