Latest Intelligence in Switzerland

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Type Product title / description Pub Price
CommentWire
CommentWire

UBS: cooperation pays off

Published By Datamonitor
15 Aug 2001
CommentWire
CommentWire

UBS/Credit Suisse: not all rosy

UBS' Q1 2002 profit was $842 million, compared with Credit Suisse's $228 million; the smaller bank was dragged down by poor results from investment banking and insurance. However, private banking remains a concern for UBS - especially as M&A activity will inevitably step up again, boosting Credit Suisse's results.

Published By Datamonitor
16 May 2002
Expert View
Expert View

UBS takes Vestra to court

Swiss bank UBS has taken start-up wealth manager Vestra to the High Court, accusing it of conducting an unlawful conspiracy to lure away staff and clients. The full case, which will be heard later in the year, highlights the gaping holes in the defenses of UBS and other sub-prime-hit banks.

Published By Datamonitor
06 Aug 2008
Expert View
Expert View

UBS is unlikely to make a full recovery by 2011

In an interview with the Financial Times this week, newly appointed UBS chairman, Peter Kurer, estimated that it would take the bank up to three years to restore its shattered reputation. However, even if the current economic crisis is short-lived, given the damage caused to both its global reputation and its balance sheet, this target may prove optimistic.

Published By Datamonitor
18 Apr 2008
CommentWire
CommentWire

TXU: shuffling its European pack

Published By Datamonitor
16 Aug 2001
Expert View
Expert View

The SNB is looking to salvage at least one of the fundamental selling points of its banking industry

The SNB has set a minimum rate for the Swiss franc against the euro. It will not allow the rate to fall below CHF1.20 and will buy unlimited quantities of foreign exchange to maintain this rate. The bold move is a relief for a host of Swiss industries; not least the vast export industry, but also the well-established private banking industry.

Published By Datamonitor
07 Sep 2011
Expert View
Expert View

The British government is duplicating efforts on Swiss withholding tax

In an effort to look tough on tax avoidance, the UK government is trumpeting the agreement that it has signed with Switzerland to begin negotiations to make Britons pay tax on their Swiss bank accounts. In reality, the EU Savings Tax Directive is already set up to do that, demonstrating that the government's saber-rattling offensive is populist and misguided.

Published By Datamonitor
27 Oct 2010
CommentWire
CommentWire

Tamoil: selling the family silver

Following confirmation by the Libyan government that 60% of state owned Tamoil is up for sale, the bidding process for the stake has begun in earnest. With refining capacity and significant distribution networks in the Italian and Swiss markets up for grabs, the offer will be attractive to buyers hoping to benefit from the favorable market conditions in the oil sector.

Published By Datamonitor
01 Nov 2005
CommentWire
CommentWire

Switzerland: company car market expected to change approach to financing

The company car industry in Switzerland is one of the most developed markets in Western Europe, accounting for over a third of all new car purchases in the country. Although finance leasing remains the preferred method of funding new company car purchases, the current credit squeeze presents an opportunity for operational leasing providers to gain some ground.

Published By Datamonitor
06 Jan 2010
CommentWire
CommentWire

Switzerland: banks will be hit hard by German tax crackdown

German clients of Credit Suisse are believed to have cut their in-flows in the second quarter of 2010 due to ongoing anxiety over a German probe into tax evasion. Swiss banks will continue to experience outflows caused by further crackdowns or tax amnesties, unless they can offer clients seamless transition to onshore accounts as part of their offshore proposition.

Published By Datamonitor
28 Jul 2010

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