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Showing 1 - 10 of 17 results for "CHF"

GAM investors make partial offer

JAMIE WILLIAMSON  |  THURSDAY, 20 JUL 2023
... closing price on July 17, and of 29.1% when considering Liontrust's closing price of GBP 6.43 on the same day and the GBP/CHF exchange rate, the group said. The investor group is not looking to compete with Liontrust's 100% takeover offer, but instead ...

Liontrust, GAM to create $100bn fund manager

KARREN VERGARA  |  FRIDAY, 5 MAY 2023
Liontrust Asset Management will acquire Zurich-based GAM to create a nearly $100 billion (£53bn) entity. GAM, which has about $39.3 billion (£20.9bn) in assets under management and is listed on the SIX Swiss Exchange, said that it is in favour of ...

UBS throws $4.8bn lifeline to Credit Suisse

CASSANDRA BALDINI  |  MONDAY, 20 MAR 2023
... Credit Suisse for $4.8 billion. As part of the deal, the Swiss National Bank (SNB) will provide an additional $160 billion (CHF 100 billion)) in liquidity assistance to support the merge. UBS plans to appoint key personnel to Credit Suisse as soon as ...

GAM cuts jobs, reviews pay

JAMIE WILLIAMSON  |  WEDNESDAY, 15 APR 2020
GAM Investments has announced it is accelerating its efficiency program, confirming it has completed a round of voluntary redundancies while another is ongoing. It is also reviewing remuneration arrangements across the group. Earlier this year GAM announced ...

GAM profits fall 92%, management team overhauled

JAMIE WILLIAMSON  |  FRIDAY, 21 FEB 2020
... its full-year 2019 results overnight, GAM Holding AG's profits have fallen 92% year on year to come in at $16 million (CHF 10.5 million), down from $194 million (CHF 126.7 million) the previous year. Last year's high-profile scandal involving ...

Credit Suisse under investigation

JAMIE WILLIAMSON  |  FRIDAY, 16 FEB 2018
... came as part of the Zurich-based investment bank's 2017 full-year results which showed a net loss of more than $1 billion (CHF 983 million) for the year. The loss was largely attributed to the need to reassess deferred taxes following recent tax reforms ...

Swiss manager acquires Melbourne property

JAMIE WILLIAMSON  |  TUESDAY, 13 DEC 2016
... already includes further properties in Melbourne, Sydney and Brisbane. The fund currently includes assets totaling around CHF 1.5 billion (A$1.32 billion), with 46% of the portfolio held in Europe, 30% in North America and the remaining 24% in Australia. ...

Swiss say no to universal basic income

MARK SMITH  |  TUESDAY, 7 JUN 2016
Swiss voters have overwhelmingly rejected a proposal to give their entire population enough money to live on. A projection provided to the public broadcaster RTS said 78% had voted against the scheme, which would see all Swiss citizens, along with foreigners ...

Swiss franc surprise

BENJAMIN ONG  |  MONDAY, 30 NOV 2015
Francly my dear, it couldn't have come soon enough. No Virginia, that wasn't a typo for the Swiss franc is back in the news again. As Bloomberg reports, "The franc fell against all but one of its 16 major peers Friday." "The franc dropped 0.7 percent ...

When Harry met Sally syndrome

BENJAMIN ONG  |  MONDAY, 2 FEB 2015
Seems like more and more central banks - big and small - are getting the 'when Harry met Sally syndrome' - "I'll have what she's having". The Swiss National Bank jumpstarted it all with its "surprise" decision to abandon its CHF1.20/euro peg. This was ...
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