Finma: Important Lessons to be Learned from Credit Suisse
Each year, the systemically important banks in Switzerland have to submit plans on how they can stabilize themselves in the event of a crisis.
Legal
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FCA restricts wealth management firm over client money concerns
It also noted that the firm failed to obtain appropriate acknowledgment letters for client bank accounts where client money is held.
Subprime Debacle Catches up With Credit Suisse in Court
The suit was brought by Loreley Financing, a subsidiary of German bank IKB, which alleges Credit Suisse misled it with false statements in a $100 million investment in 2007.
Tax-free income top of mind
The bias toward higher quality was illustrated by positive flows for US Treasury exchange traded funds. Conversely, high yield corporate ETFs lost assets.
Eight steps to protect your business from internal fraud
Once you understand the threat that insiders can pose to your business, it’s key to take action sooner rather than later.
New iPhone app for HNWs caught up in fraud and tax raids
HNWs and businesses facing dawn raids by the SFO and HMRC can now get rapid-fire advice when the authorities turn up unannounced
Swiss court refuses to release part of Lebanese central bank chief funds
The report also said that millions of dollars had been frozen by Swiss authorities.
FCA restricts London wealth manager
The regulator has imposed a number of restrictions on the firm including a ban on disposing of firm assets.
H2O AM fined €20,000 per day until it coughs up key documents
Under-fire asset manager facing recurring penalty for failing to provide information to gauge impact of side-pocketed assets.
WTW advises Swiss pension funds to review asset managers due to banking turmoil
Banking sector shockwaves mean pension companies should ‘make any changes deemed necessary’.
Is the UBS-Credit Suisse Deal on the Brink of Collapse?
By taking that route, approval through an extraordinary session of parliament was to have been a formality.
Swiss Re shareholders approve all proposals at 2023 AGM
Shareholders approved the re-election of Sergio P. Ermotti as the Chairman of the Board of Directors.