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British online trading platform IG Group reported a 30% increase in first-half profit, driven by heightened client activity amid volatile financial markets influenced by Middle East geopolitics, lower interest rates, and the upcoming U.S. elections. Despite a 12% rise in net trading revenue, the number of active clients slightly decreased to 295,300. The company’s adjusted pretax profit reached £266.8 million, up from £205.7 million the previous year.
Gilda Rosenberg, a former Credit Suisse client, has been charged with a tax-evasion conspiracy in the US for hiding $90 million in assets from the IRS between 2010 and 2017. This case raises questions about Credit Suisse's compliance with a 2014 plea deal, amid allegations of major violations in disclosing undeclared US accounts. Rosenberg, who previously pleaded guilty to wire fraud, is scheduled for sentencing on April 30.
UBS Group AG is considering job cuts in France due to a weakening economy and the integration of Credit Suisse. The bank's spokesman noted that the restructuring is linked to a less favorable market environment and is currently being discussed with the works council. French business confidence has declined, and the economy is projected to grow only 0.2% per quarter in the first half of next year.
UBS Group AG is considering job cuts in France due to a weakening economy and the ongoing integration of Credit Suisse. The bank's spokesman noted that the restructuring is linked to a less favorable market environment and follows a drop in French business confidence, with the economy expected to grow only 0.2% per quarter in early 2024. The plan is currently being presented to the works council, with support measures for affected staff to be developed in collaboration with employee representatives.
Stefan Wermuth
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IG Group reports 30 percent profit increase amid market volatility
08:21 23.01.2025
ex credit suisse client charged in us tax evasion case
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16:24 09.01.2025
ubs considers job cuts in france amid economic challenges and integration efforts
17:08 20.12.2024
ubs considers job cuts in france amid economic challenges and integration efforts
17:08 20.12.2024
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