The first name who come in mind to answer this question would probably be the powerful JP Margan Chase or Bank of America. They both have been overtaken long ago by the Chinese giants such as ICBC, China Construction Bank and Agricultural Bank of China in the list of the largest banks in terms of…
The bitcoin, the mysterious value created by mathematicians on internet is gradually conquering the real economy. Bitcoin frees itself from the dark side of the Web and settles in everyday life you can now easily find it thanks to special distributor and exchange office or buy with it in certain shops. If this virtual money…
It’s official the global debt now amounts to 324% of the world’s annual economic output, according to a report publish by the Institute of International Finance. Worldwide debt has risen to a record $226-trillion (192.000 trillion euros). This report is released just before, several of the world’s major central banks prepare to tighten their monetary…
There are a lot of banks who are planning to increase their headcount in Saudi Arabia such as Goldman Sachs, JPMargans, UBS and Citigroup.The reason is simple they all expect lucrative opportunities from the recent economics reform that lead to the country’s massive privatisation and its increasingly liberalised financial markets. Goldman Sachs regional boss, Wassim…
EFG International, the Zurich-listed wealth management house that has bulked up from its acquisition of fellow Swiss-based private bank BSI, has appointed a new chief executive to replace Joachim Straehle, who has announced he is retiring at the end of this year. The new CEO is Giorgio Pradelli, who has been chief financial officer. Succeeding…
The initiative to create a blockchain-based technology to support trade finance transactions was first launch by UBS group AG and IBM Corp. Now other bank seems to join the initiative such as Commerzbank AG, Bank of Montreal, Erste Group Bank AG and CaixaBank SA. The platform called Batavia would help banks and their clients automate…
On 1 April 2017, Markus Leibundgut (47), currently CEO of Swiss Life Germany, will take over from Ivo Furrer (59) as CEO of Swiss Life Switzerland. After eight successful years at Swiss Life, Ivo Furrer has decided to begin yet another new chapter in his professional life: he will in future be putting his experience…
The head of Morgan Stanley’s international wealth management team, James Jesse, has left the firm, a spokeswoman said on Friday. Colbert Narcisse, who led product strategy and development in Morgan Stanley’s investment solutions division, will replace Jesse, according to a firm memo and Morgan Stanley spokeswoman Christine Jockle. Narcisse joined Morgan Stanley’s investment management division…
French capital is competing to pick up business lost by London due to Brexit, with Frankfurt and Dublin also in the running. Major City employers are expected to decide within weeks whether they need to move business out of the UK as a result of the Brexit vote, the lobby group for Paris has predicted…
Lombard Odier Private Bank has appointed Mike Edlinger as senior portfolio manager.Edlinger joins the London team after 20 years with Coutts & Co, where he was head of ultra-high net worth portfolio management. He was responsible for investing both onshore and offshore global discretionary and advisory portfolios. He was also a member of the investment…
