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…
Trade deal uncertainty is a boon for Grand Duchy as it vies to grab business from the City of London As one of the smallest countries in the EU, Luxembourg has a proud record. Two of the last five presidents of the European Commission, one of the top jobs in the bloc, have been former…
UBS Buying Credit Suisse? Give It a Chance A marriage of Switzerland’s big banking rivals would be a challenge for regulators and politicians. But there’s enough logic in the idea to justify trying. The idea that Switzerland’s biggest banks could merge into a $76 billion behemoth sounds like the dream of a soon-to-retire chairman seeking to leave…
Africa is a Land of Opportunity.’ United Bank for Africa Chairman Tony Elumelu on Why Now Is the Time to Invest in Africa Even as the pandemic inflicts a devastating toll on the global economy, United Bank for Africa (UBA) Group Chairman Tony Elumelu insists that now is the time to invest in countries in…
Bezos, Zuckerberg are taking tech wealth to a whole new level The message from Jeff Bezos: Big Tech’s not so powerful. The message from his personal fortune: Oh yes it is. As Bezos and three other technology magnates defend their businesses at a Congressional hearing on antitrust worries Wednesday, their fast-growing wealth provides a breathtaking measure…
Adaptability supported by security: the future of financial services Due to the huge impact on working practices brought about to combat the coronavirus, financial businesses have had to realign on an unprecedented scale to keep the lights on. But until now their focus has understandably been solely on the short-term tactical hurdles e.g. ‘how do…
BoM, SBI only PSBs rated ‘good’ in digital transactions in December: Government data. Mumbai: Bank of Maharashtra and State Bank of India are the only two state-run banks that showed ‘good’ performance in terms of digital transactions in December with a score of 77 and 68 respectively, government data showed. The score for an individual…
Bank J. Safra Sarasin signs on as Davis Cup finals sponsor Bank J. Safra Sarasin has been unveiled as an official partner and the official private bank of the finals stage of this year’s Davis Cup men’s national team tennis tournament. The Swiss-based bank’s agreement with the International Tennis Federation and Kosmos Tennis also names…
Credit Suisse set a positive tone for this quarter’s European bank results on Wednesday, lifting its net profit as gains in equities and deeper ties between trading and private banking helped offset lower revenue. Switzerland’s second-biggest bank bucked market expectations of a profit dip and said it gained market share in equities trading during a…
