The shift to remote work carries an inherent risk This year’s mass experiment with remote working has, for some, triggered a prickling sense of unease: if I can do my job from home in London, Brooklyn or Canberra, could someone else do it more cheaply from Sofia, Mumbai or Manila? In the corporate world,…
Zillennials Are Going to Change Investing Forever Eating meat is out, flight-shaming is in. Gen Z is transforming the world and investors need to be prepared. As this new cohort — “Zillennials” — comes of age it’s going to eclipse the vaunted Millennials, boost emerging markets and help preferred sectors outperform as other…
M&A Roadmap for the Banking Industry in 2021 Mergers and acquisitions have returned back on the agenda of Swiss banking with force. Even if the mooted UBS-Credit Suisse-deal seems an unlikely proposition now, there are plenty of other options on the table for 2021, as an overview presented by finews.asia shows. Big banking has found…
Trump refuses to concede US election after acknowledging Biden victory President initially tweets Democrat won because of rigged vote before vowing to fight on Donald Trump refused to concede the US presidential election even after tweeting that Joe Biden had won the race for the White House — his first public acknowledgment of defeat…
In Wealth Deals, Buyers Adopt New Deference A new, clubbier model of Swiss private banking acquisition is emerging in a flurry of deals in the sector. Suitors hope a softer touch will ensure success, but the approach also carries risks. Switzerland’s wealth sector remains fertile hunting ground, with three notable deals notched this year:…
The amount of assets under management has doubled in 11 years The number of assets under management continues to increase in private banks in Luxembourg, reaching 466 billion euros, according to the ABBL. The most endowed customers are the most numerous. 85% live in Europe, of which only 21% in the Grand Duchy. The Luxembourg financial…
With Biden bets and Trump hedges, investors prepare for U.S. Election Day Four years after Donald Trump’s surprise presidential victory roiled markets, investors are prepared for short-term trading turmoil and major long-term policy shifts, on the eve of Tuesday’s U.S. election. Investors could confront dramatically different paths for the country on taxes, government spending,…
Working from home ‘damaging Britain’s creative potential and economic wellbeing’ Bank of England’s chief economist says lockdown arrangements benefited some, but not all workers Working from home is damaging Britain’s creative potential and could harm personal wellbeing and the economy if it is maintained long after the coronavirus pandemic has receded, the Bank of England’s…
Jacinda Ardern wins New Zealand election by landslide World leaders send messages of congratulations. New Zealand’s Prime Minister Jacinda Ardern won a second term in office on Saturday, delivering the biggest election victory for her centre-left Labour Party in half a century as voters rewarded her for a decisive response to COVID-19. The win…
Three Obstacles to a UBS Credit Suisse Tie-Up Speculation about a merger of UBS and Credit Suisse is returning time and again, despite the convincing arguments that show such a move to be to the detriment of employees, shareholders and clients. The start to his new job as head of UBS must have come…
