Opinion on Financial Services in Switzerland

Published within

« | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | » »|

Type Product title / description Pub Price
CommentWire
CommentWire

Credit Suisse: babies and bathwater

Credit Suisse this week announced more job cuts as part of its ongoing reorganization in a bid to boost profits. The cuts this time come in its stronghold Swiss private banking business, and have raised fears about damaging the most profitable part of its business. The firm will have to be careful to avoid losing lucrative clients with its departing relationship managers.

Published By Datamonitor
14 Jun 2002
CommentWire
CommentWire

UBS: cutting the threshold

UBS' plan to reach the mass affluent has aroused hostility within its merger partner PaineWebber, which fears being swamped by its Swiss parent. Ultimately, however, new moves to cater for the mass affluent are part of a process begun by the PaineWebber deal itself.

Published By Datamonitor
02 Jul 2002
CommentWire
CommentWire

Credit Suisse: aiming for the Asian affluent

Integrating offline distribution channels with online channels is nothing new, even in the stale private banking industry. However, CSPB's approach of true customer-centric design - combined with the recognition that Asia-Pacific customers have different needs from the wealthy elsewhere - provides it with important differentiation in the market.

Published By Datamonitor
01 Aug 2002
CommentWire
CommentWire

Credit Suisse: troubled waters

Two CSFB senior executives (and four ex-employees) have been suspended for charging excessive brokerage fees on newly-issued technology shares during the dotcom boom. The news comes at a bad time for parent Credit Suisse, which recently announced a higher than expected Q2 loss and is in the process of restructuring to salvage its ailing share price.

Published By Datamonitor
16 Aug 2002
CommentWire
CommentWire

Zurich Financial: taking desperate measures

Once seen as one of the world's strongest companies, Zurich Financial has been forced into a desperate share issue and job cuts by mistaken acquisitions and poor risk assessment. Although its short-term future looks volatile, there's strong growth set for insurance market that will help Zurich and its competitors in the long term.

Published By Datamonitor
06 Sep 2002
CommentWire
CommentWire

Credit Suisse: boardroom shuffling isn't enough

Lukas Muehlemann's departure from his twin roles at Credit Suisse was no surprise, given the company's plummeting share price and US probes into the allocation of hot stock offerings. But new management alone will not solve the bank's problems. The new joint CEOs - inside players John Mack and Oswald Gruebel - now need a new strategy.

Published By Datamonitor
25 Sep 2002
CommentWire
CommentWire

Abbey National/Credit Suisse: bailing out insurance

The day after the UK's FSA moved to reassure investors about the safety of the life and pensions sector, two more life insurers were forced to turn to their parents for funding. Although insurance companies claim they can withstand further equity falls, many are likely to be forced into strong measures, including capital injections and redemption penalties - or even closing to new business.

Published By Datamonitor
03 Oct 2002
CommentWire
CommentWire

UBS: ditching Warburg and PaineWebber

UBS, the world's biggest private bank, wants its identity to rival HSBC and Citigroup. It will ditch its well-known Warburg and PaineWebber brands - taking a $1 billion write-off on the discarded names. While the move should eventually pay off in attracting new business, the short-term upheaval may scare conservative private banking customers away.

Published By Datamonitor
13 Nov 2002
CommentWire
CommentWire

Zurich: unthreading its needle

The sale of Threadneedle is the Zurich's latest effort to balance its books following heavy losses on its equity portfolio. Zurich has already announced heavy cost-cuts and has completed a rights issue to increase funds. With strong branding and performance Threadneedle is an attractive target, but finding a buyer might be tricky in the current market.

Published By Datamonitor
19 Nov 2002
CommentWire
CommentWire

Swiss banks: gnomes of Zurich feel the heat

The number of Swiss private banks has fallen by 38% over the last decade. While some players have emerged as global giants, most small banks are feeling pressure from economic and governmental corners alike. With fees still falling and competition rising relentlessly, job losses, takeovers, defeats and surrenders are in sight.

Published By Datamonitor
29 Nov 2002

« | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | » »|

No help is available.