Die Anlagegruppe will im ersten Quartal 2017 CHF 200 Mio. neue Gelder aufnehmen. Die Anlagegruppe CSA RE Germany richtet sich an Schweizer Vorsorgeeinrichtungen und ist auf Investitionen in deutsche Geschäftsliegenschaften fokussiert. Im ersten Quartal sollen CHF 200 Mio. durch neue Zeichnungen aufgenommen werden. Das neue Kapital wird in den weiteren Ausbau des Immobilienportfolios investiert. Das Portfolio...
Read More »SMI set to end 2016 in negative territory
Stock Markets In the last week of the year, the Swiss Market Index deepened its loss for the year as banks continued lower on low trading volumes. The SMI is set to end 2016 with an annual loss of 6.8% as banking and pharmaceutical giants pulled the index down in a year of turbulent trading. A volatile 2016 started with a brutal equity sell off as investors dumped global stocks on fears of an accelerating economic slowdown in China and the slumping price of oil. The...
Read More »Credit Suisse Settles With DOJ For $5.3 Billion; Will Pay $2.5 Billion Civil Penalty
Shortly after last night’s news that Deutsche Bank had settled with the DOJ for $7.2 billion, of which it would pay $3.1 billion in a civil penalty, far lower than the $14 billion number initially speculated (the stock popped as much as 4% before settling just over 2% higher currently), Credit Suisse likewise closed the books on its pre-crisis RMBS fraud when the largest Swiss bank agreed to pay $5.28 billion to...
Read More »Sentiment appears positive as investors close their books for the year
SMI Ahead of the Christmas break, trading volumes were thin this week amid a lack of new market catalysts. Swiss and European equities were generally unchanged through the week, tracking global stock markets. Overall, sentiment appears to be positive as investors close their books for the year. SMI Index, December 23 - Click to enlarge Economic Data The European banking sector was this week’s main story with...
Read More »Credit Suisse planning more Swiss job cuts
© Pincasso | Dreamstime.com - Click to enlarge Credit Suisse Group AG is preparing a new cost-savings program that puts as many as 1,300 jobs in Switzerland on the line, according to Schweiz am Sonntag. The plan will be announced Wednesday, when the lender holds its investor day in London, the newspaper said, without saying where it got the information. Credit Suisse’s Swiss unit may slash an additional 1,000 to 1,300...
Read More »Credit Suisse planning more Swiss job cuts
© Pincasso | Dreamstime.com - Click to enlarge Credit Suisse Group AG is preparing a new cost-savings program that puts as many as 1,300 jobs in Switzerland on the line, according to Schweiz am Sonntag. The plan will be announced Wednesday, when the lender holds its investor day in London, the newspaper said, without saying where it got the information. Credit Suisse’s Swiss unit may slash an additional 1,000 to 1,300...
Read More »Credit Suisse Explores Game-changing Ventures
120 UHNWI guests from around the world gathered in London on November 30, 2016 for the 18th Credit Suisse Salon on the topic Can Europe reinvent itself? Consequences for the global economy. The event was hosted by Tidjane Thiam, Chief Executive Officer of Credit Suisse Group AG. The day commenced with the Salon Members' Luncheon hosted by Thomas Gottstein, Chief Executive Officer, Credit Suisse (Switzerland) Ltd on Impact of the US election on the global investment horizon. Panelist...
Read More »“We want to be more Swiss again”
Mr. Gottstein, we're meeting the morning after Stan Wawrinka beat Novak Djokovic in the US Open. How long did you watch last night? Truthfully? I put the kids to bed, and I was only planning to watch the first set. But I stayed up for the whole thing, and when I looked up at the clock, it was 2:46 am. A fantastic match. Wawrinka is a perfect example of Swiss values in the world – just like Roger Federer, but in his own unique way. Nevertheless, my alarm went off at six this...
Read More »Global Wealth Update: 0.7 percent Of Adults Control $116.6 Trillion In Wealth
Today Credit Suisse released its latest annual global wealth report, which traditionally lays out what is perhaps the biggest reason for the recent “anti-establishment” revulsion: an unprecedented concentration of wealth among a handful of people, as shown in its infamous global wealth pyramid, an arrangement which as observed by the “shocking” political backlash of the past few months suggests that the lower ‘levels’...
Read More »Former CEO Of UBS And Credit Suisse: “Central Banks Are Past The Point Of No Return, It Will All End In A Crash”
Remember when bashing central banks and predicting financial collapse as a result of monetary manipulation and intervention was considered “fake news” within the “serious” financial community, disseminated by fringe blogs? Good times. In an interview with Swiss Sonntags Blick titled appropriately enough “A Recession Is Sometimes Necessary“, the former CEO of UBS and Credit Suisse, Oswald Grübel, lashed out by...
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