A distorted inflation picture in Europe since the onset of the sovereign debt crisis last year is boosting interest in country-specific inflation exposure, with more newcomers entering the asset class through alternative investments
Credit Suisse is converting more of its synthetic exchange-traded funds to the physical model, which happens to be favoured by the Swiss Financial Markets Association
UniCredit, Italy’s largest lender and parent of asset manager Pioneer Investments, must find €8bn to shore up its balance sheet, according to figures released yesterday by the European Banking Authority.
Bank Sarasin is to open offices in Hamburg and Hannover, and has announced Andreas Brandt will join from Credit Suisse Deutschland to head up both the northern German outlets from Hamburg.
The UK’s Financial Services Authority (FSA) has fined Credit Suisse UK £5.95m for systems and controls failings in relation to sales by its private bank of structured capital at risk products known as Scarps.
Although French wealth per adult has not regained its 2007 peak of $300,000, the country still boasts the highest number of millionaires in Europe, a study recently published by Credit Suisse Research reveals.
Ratings agency Fitch has downgraded Swiss bank UBS while placing French banks BNP Paribas, Credit Agricole, Société Générale and Banque Fédérative du Credit Mutuel as well as a number of global banks on negative watch.
Credit Suisse has provided a useful calendar, which we reproduce below, outlining the next chapters in Greece’s and more broadly the eurozone’s debt crisis.
Swiss bank Credit Suisse has warned volatility could rise, and liquidity fall, if plans of the president of the European Commission to tax many EU financial transactions go ahead.
Credit Suisse has reached a resolution in a probe by German authorities alleging some of its employees helped German taxpayers evade tax bills, but will make a €150m payment.
Gilliat Financial Solutions has launched its Growth Multiplier – September 2011, which is the first structured product publicly offered to the UK market with Credit Suisse as the counterparty.
Signet hire signals move into Europe, Trafalgar makes board appointment, SWIP appoints for fixed income, Daiwa announces further hire, Holden joins Ignis in UK equity restructure.