Edition:
India

Brenna Hughes Neghaiwi

WHO creates foundation to boost funding in coronavirus fight

28 May 2020

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

Central bankers must devise strategy for return to normal policy, BIS head says

27 May 2020

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.

Central bankers must devise strategy for return to normal policy, BIS head says

27 May 2020

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.

Swiss National Bank says expansive policy more important in pandemic

27 May 2020

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.

UBS courts millionaires with view to mid-term doubling of Russian wealth business

19 May 2020

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.

Trading spike helps Julius Baer beat forecasts in January to April

19 May 2020

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.

CORRECTED-UPDATE 1-Julius Baer posts 16% margin boost through April, AuM drops

19 May 2020

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.

V-shaped recovery unlikely for Swiss economy: SNB's Maechler

16 May 2020

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.

Coronavirus crisis a window of opportunity for bankers to the rich

14 May 2020

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 Insurance sees $750 million in 2020 COVID-19 claims

14 May 2020

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.

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