Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 311 - 320 of 383 results for "Swiss"

Julius Baer splits AM and bank

COMPANY RELEASE  |  TUESDAY, 2 JUN 2009
Swiss wealth management firm, Julius Baer has separated the company's private banking and asset management businesses into two listed companies. The deal means both businesses will be listed on the SIX Swiss Exchange with Julius Baer Group focussing ...

UBS cuts business and jobs

COMPANY RELEASE  |  MONDAY, 20 APR 2009
Swiss bank UBS has flagged a $2 billion loss in the first quarter of this year amid more than 8,000 jobs cuts across the bank's business divisions. Oswald GrA1/4bel, UBS Group chief executive, said at an annual general meeting (AGM), the group is estimated ...

Beggar thy neighbour

BENJAMIN ONG  |  MONDAY, 23 MAR 2009
... biggest creditors lest US-bound Chinese money disappear faster than you could say yum cha. The US could also reason that the Swiss started it this time. Switzerland's financial system hadn't been affected as much as other countries by the liquidity squeeze. ...

The power of optimism

BENJAMIN ONG  |  MONDAY, 16 MAR 2009
... the Bank of England (BoE) has formally implemented quantitative easing and is buying gilts directly. The reason why the Swiss National Bank (SNB) and the Reserve Bank of New Zealand (RBNZ) lowered interest rates again last week. Even Australia has had ...

Depression no more?

BENJAMIN ONG  |  TUESDAY, 14 OCT 2008
... the Netherlands and Portugal. In addition, the US Federal Reserve, the European Central Bank, the Bank of England and the Swiss central bank will now auction unlimited dollar funds as against their previous capped swap arrangements. Rumours that US Treasury ...

The global recession we have to have

BENJAMIN ONG  |  THURSDAY, 9 OCT 2008
... repo rate to 3.75 percent, the Bank of England cut its base rate to 4.5 per cent, the Bank of Canada to 2.5 per cent, the Swiss National Bank to 2.5 per cent and Sweden's Riksbank to 4.25 per cent. With its benchmark rate at a low 0.5 per cent, the Bank ...

Soup for Christmas

BENJAMIN ONG  |  TUESDAY, 30 SEP 2008
... Norges Bank, $30 billion by the Reserve Bank of Australia, $30 billion by the Sveriges Riksbank, and $60 billion by the Swiss National Bank. As a result of these actions, the total size of outstanding swap lines is $620 billion. All of the temporary ...

SWIFT fast tracks insurers

MICHELLE BALTAZAR  |  THURSDAY, 25 SEP 2008
... months. The project partners include SWIFT, the global insurance standards organisation ACORD and the reinsurance companies Swiss Re, Munich Re and Scor. Rounding up the team, reinsurance brokers Aon, Benfield and Willis have also signed as project partners. ...

Dec 2007 redux

BENJAMIN ONG  |  FRIDAY, 19 SEP 2008
... the financial markets. The US Federal Reserve, the European Central Bank, the Bank of England, the Bank of Canada and the Swiss National Bank agreed to jointly inject more than US$100 billion into the financial system through repos, swaps arrangements ...

Grow returns with timber

MICHAEL HOBBS  |  WEDNESDAY, 17 SEP 2008
Swiss private bank Pictet is launching an investment fund that not only exposes investors to potential long term returns from the timber industry but could also aid efforts to reduce global carbon emissions. The firm's PF(LUX) - Timber Fund invests ...