UBS’s Tattered Reputation
Today, with the official announcement of a Swiss-U.S. tax deal over UBS client data, the chairman of the once-mighty investment bank is talking about repairing its reputation. It’s too late. Memories...
View ArticleCredit Suisse expands private banking arm
Credit Suisse signals its determination to expand its private banking operations, despite the troubles that have beset the wider industry and the blows to Switzerland’s role as a tax haven. Many...
View ArticleAlcon Minorities Suffer In Novartis Deal
Novartis is paying Nestle $180 a share for the chocolate company’s stake in Alcon; the drug maker is offering a measly $153 a share to Alcon shareholders for the remaining 23% it won’t own. Can they...
View ArticleFinancial World Now Has Stakeholders Aplenty
Neal Lipschutz is attending the World Economic Forum in Davos, Switzerland. The word “stakeholder” is used with some frequency in the press release announcing results of a World Economic Forum report...
View ArticleShoe Treads, Hand Wash For The Great And Good
Neal Lipschutz is attending the World Economic Forum in Davos, Switzerland. Registering at the World Economic Forum annual meeting in Davos, Switzerland, you are, of course, handed a meeting bag. The...
View ArticlePIMCO Endorses The Rise Of Developing Markets
Neal Lipschutz is attending the World Economic Forum in Davos, Switzerland. World Economic Forum officials are pleased with the increased participation this year of representatives of emerging...
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