Comment & Analysis Archives - Page 167 of 521

Withers global art team recognized by Chambers 2023 HNW guide

July 21, 2023

Withers’ art law practice is proud to once again be recognized in Art and Cultural Property Law by Chambers & Partners in the latest edition of its High Net Worth Guide in Band 1 in the US for the fourth consecutive year since the category’s inception and Band 2 in the UK for the sixth […]

Comment & Analysis

The New Opinion Leaders in Swiss Banking

July 21, 2023

The Swiss financial industry used to benefit from true role models who regularly spoke their minds and made the general public aware of the importance of banks for the country. Over the past 15 years, this tradition has been lost. Who are the most important opinion leaders in banking today? Over the decades, various […]

Comment & Analysis

How the super-rich are turning professionals into servants

July 20, 2023

The vanishings keep on happening. Chefs who have run wonderful restaurants fold their operations and disappear from the world of haute public dining rooms. It’s happened in New York and in London in my experience. I’m sure you’ve noticed it, too, wherever you are a regular – or were, until the chef up and left. […]

Comment & Analysis

Stephan Zimmermann: «UBS is aware of its political responsibility»

July 18, 2023

UBS bosses will have to give the nation a good explanation as to why Credit Suisse Switzerland needs to be integrated, Stephan Zimmermann tells finews.com. He also warns about rampant anti-bank sentiment. As recently as April this year Stephan Zimmermann worked for UBS and its predecessor Swiss Bank Corporation (SBC). He now serves as […]

Comment & Analysis

Can gold resume its climb?

July 18, 2023

Gold prices have resumed their gains in July amid signs that US inflation is tempering. CIO continues to expect gold prices to rise over the coming year, supported by incremental dollar declines, still-strong central bank demand, and safe-haven flows. Gold prices edged lower in May and June as the Fed again turned more […]

Comment & Analysis

This mistake by Swiss customers makes the banks rich

July 18, 2023

The Swiss still withdraw far too often money by credit card abroad. Often at exorbitant fees. Although withdrawing cash with credit cards is not advisable due to the high fees, Swiss people continue to use credit cards often for cash withdrawals during the holidays. According to statistics from the Swiss National Bank (SNB), […]

Comment & Analysis

Tidjane Thiam Achieves His Goal

July 14, 2023

Shareholders of «Freedom Acquisition I» approved the merger with Complete Solaria. This means the blank check company of the former Credit Suisse CEO has come further than many others. Still, it's hardly a home run. While a class action lawsuit by AT1 bondholders seeks to bring former Credit Suisse executives, including Tidjane Thiam, to […]

Comment & Analysis

‘I am sick of sustainable investing’: Private bank CIOs ask for reality check

July 14, 2023

There is a disconnect between the perception of sustainable investing and its reality, which involves mining metals like lithium and cobalt to produce wind turbines and solar panels. During the investment leaders roundtable in Montreux, CIOs of private banks drew attention to the fact that investors often want to exclude mining from portfolios, forgetting […]

Comment & Analysis

Markets brace for US inflation data

July 13, 2023

The consensus expectation among economists is for the annual headline rate to fall to 3.1% in June for its lowest level since March 2021, compared to 4% in May.

Comment & Analysis

Some private banks to charge the rich if accounts fall below wealth limit

July 13, 2023

Some private banks will start charging their clients fees if their assets under management fall below the financial threshold to hold an account. The Straits Times understands that UBS, the world’s largest wealth manager, will impose a US$5,000 (S$6,700) relationship fee on private banking clients with less than US$2 million in invested assets.