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J.P. Morgan Private Bank Invests in Two Swiss Fintechs
Date: December 1, 2022
ZURICH (Reuters) – J.P. Morgan Private Bank has invested in two Swiss fintech companies that specialise in software that helps advisers customise portfolios for wealthy clients in Europe, the Middle East, Latin America and Asia, it said on Thursday. It gave no financial details of what it called a “strategic” investment in Edge Laboratories SA...
Credit Suisse Seeks Billions From Investors in Make-Or-Break Shake-Up
Date: October 27, 2022
By Noele Illien, Oliver Hirt and John O’Donnell ZURICH (Reuters) – Credit Suisse plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and shift its focus from investment banking towards rich clients as the bank attempts to put years of scandals behind it. Chairman Axel Lehmann dubbed the plan...
Factbox-Credit Suisse’s Strategic Overhaul at a Glance
Date: October 27, 2022
ZURICH (Reuters) – Battered by years of scandals and losses, Credit Suisse plans to raise capital, cut thousands of jobs and spin off its investment bank. Here are main elements of the new strategy: CAPITAL The bank plans to raise 4 billion Swiss francs ($4.06 billion) to strengthen its balance sheet. Part of this will...
Efg International Says Profitability Improved in First Nine Months
Date: October 12, 2022
ZURICH (Reuters) -EFG International said it had seen a “significant increase” in underlying net profit for the first nine months of 2022 on Wednesday as the Swiss private banker also unveiled new targets. Net new assets totaled 2.6 billion Swiss francs ($2.61 billion) for the first nine months of 2022, corresponding to an annualised growth...
FinFolio Is Simplifying the Back Office for Professional Wealth Managers
Date: September 30, 2022
Affordable and efficient, FinFolio utilizes a modern user interface that integrates reporting, portfolio analytics, rebalancing, trading, client billing, and a mobile-ready client portal in one easy to use platform. The revenue of the portfolio management industry is on a continual rise in the U.S. and is projected to reach $282.9 billion U.S. dollars by the...
Swiss Bank Ubp Returns to Chinese Markets
Date: September 23, 2022
By Summer Zhen HONG KONG (Reuters) – Swiss private bank Union Bancaire Privée (UBP) is back in Chinese markets, its chief investment officer said, making its way back to the world’s second-largest economy after withdrawing last year. UBP has more than $150 billion of assets. It returned to China in August after having exited all...