UBS Claims 25% of Swiss Dealmaking Fees After Credit Suisse Acquisition

UBS, a leading Swiss bank, has achieved a record-breaking market share in its home country following the acquisition of its main competitor, Credit Suisse. This strategic move has resulted in UBS securing a significant 25% of the dealmaking fee pool in Switzerland last year, a feat that is unprecedented in the industry.UBS’s takeover of Credit […]

LGT Wealth Management Announces 11 New Partners, Expands in Germany

LGT Wealth Management has made a significant announcement, introducing 11 new partners to the firm. This development follows a year of successful growth for the company, which included the acquisition of abrdn Capital.The new partners are Alice Gerry, Andrew Archer, Daniel Fresnais, Esther Clark, Henry Wilson, Robert Hardy, Scott Prout, Caroline Tye, Laurence Gagen, Matthew […]

Swiss Steel Faces Financial Crisis, Major Shareholder Spuhler Unresponsive

The situation in Inner Switzerland is teetering on the edge of a financial disaster of unprecedented scale. Major shareholder Spuhler appears unwilling to inject fresh capital, exacerbating the crisis.In Lucerne, the situation is coming to a head just before the carnival season. According to an insider, a deferral of bankruptcy or even worse is no […]

Swiss Federal Council to Evaluate ‘Too Big to Fail’ Bank Regulations

In a last-minute decision, the Swiss government and authorities opted to sell the crisis-stricken Credit Suisse (CS) rather than rehabilitate it. UBS President, Colm Kelleher, announced the sale of CS to its larger Swiss competitor on the memorable evening of March 19, 2023, stating that there were no longer any alternatives.However, just hours before, alternatives […]

Temenos and Deloitte Partner to Modernize US Financial Institutions

Swiss banking software manufacturer Temenos and consulting firm Deloitte have announced a new partnership aimed at making inroads into US financial institutions. The collaboration is designed to assist these institutions in accelerating the modernization of their core banking and payment systems in the cloud.The partnership is part of a joint strategy to help financial institutions […]

LGT Private Banking Expands German Presence with Frankfurt Office

LGT Private Banking has expanded its operations in Germany by opening an office in Frankfurt. This move increases LGT’s presence in the country, where it already has offices in Hamburg, Dusseldorf, and Cologne. The bank now serves high-net-worth (HNW) individuals, families, and entrepreneurs in four different regions of Germany.The Frankfurt office will be staffed by […]

UBS Group AG Pursues Expansion of Wealth Management in China

Despite economic challenges and a scarcity of deals, UBS Group AG, the Swiss multinational investment bank, is steadfast in its goal to bolster its wealth and asset management operations in China. Eugene Qian, the China head of UBS, underscored the strategic importance of the Chinese market and announced the bank’s plan to further expand its […]

UBS Plans to Expand Wealth Management Business in China

Despite recent business challenges, UBS is planning to expand its wealth management and fund business in China. The future of the onshore securities business remains uncertain.“China is a key strategic market and a place where we want to do more,” said Eugene Qian, UBS’s China Country Head, in an interview with Bloomberg TV. “In particular, […]