GENEVA/ZURICH The World Health Organization announced on Wednesday the creation of a foundation to tap new sources of funding that could help ease a potential cash shortage as it leads the global fight against the coronavirus pandemic. | Video
ZURICH Central bankers must work to get monetary policy back to normal and create an exit strategy from aggressive measures "as soon as possible" to counteract high debt worldwide, the general manager of the Bank for International Settlements said on Wednesday.
ZURICH, May 27 Central bankers must work to get
monetary policy back to normal and create an exit strategy from
aggressive measures "as soon as possible" to counteract high
debt worldwide, the general manager of the Bank for
International Settlements said on Wednesday.
ZURICH Swiss monetary policy must remain accommodative, Swiss National Bank Chairman Thomas Jordan said on Wednesday, saying the central bank was currently willing to intervene more strongly in currency markets.
ZURICH UBS wants to double the amount of assets under management at its business targeting wealthy clients in Russia and central and eastern Europe, a senior manager told Reuters.
ZURICH A spike in trading volumes boosted margins for wealth manager Julius Baer in the first four months of the year, even though markets slid and a strong Swiss franc ate into assets under management.
ZURICH, May 19 Julius Baer posted a 16%
rise in gross margins in the first four months of 2020, the
Swiss private bank said on Tuesday, while coronavirus turmoil in
markets dented assets under management.
ZURICH A full V-shaped recovery is unlikely for the Swiss economy, Swiss National Bank Governing Board member Andrea Maechler told Swiss newspaper Neue Zuercher Zeitung, as the central bank focuses on currency interventions to keep the Swiss franc in check.
ZURICH/LONDON When markets slumped in March as the spread of coronavirus gathered pace, wealth managers' trading volumes soared as ultra rich clients reshuffled their portfolios.
ZURICH/LONDON Zurich Insurance Group on Thursday said property and casualty claims related to the coronavirus pandemic could total around $750 million (£614 million) this year, after booking $280 million such claims in the first quarter.