Switzerland urged to step up fight against ill-gotten funds

[ad_1] BERNE (Reuters) – Switzerland is not doing enough to rid itself of ill-gotten funds, despite loosening its banking secrecy, and should now beef up its law against money laundering,…

Swedish finance minister dubious about proposed financial-services tax: TT News Agency

[ad_1] STOCKHOLM (Reuters) – The Swedish government may not introduce in its current form a heavily criticized proposal for a tax on financial services because it would hit too many…

German parliament backs Cyprus bailout

[ad_1] BERLIN (Reuters) – Germany’s lower house of parliament voted overwhelmingly on Thursday to grant Cyprus a 10 billion euro bailout that is designed to avert bankruptcy for the tiny…

Russia’s developer Inteko says business not hurt by B&N situation

[ad_1] MOSCOW, Sept 20 (Reuters) – Russian real estate developer Inteko said on Wednesday it had no credit lines open in Russia’s B&N Bank, and the situation with the lender…

Credit Suisse’s Thiam strikes cautious tone for third-quarter

[ad_1] ZURICH (Reuters) – Credit Suisse’s CSGN.S wealthy clients are sitting on record amounts of cash amid uncertainty in the global economy, Chief Executive Tidjane Thiam on Tuesday, striking a…

China central bank surprises by keeping interest rate on TMLF unchanged

[ad_1] FILE PHOTO: Headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee SHANGHAI (Reuters) – China’s central bank…

Credit Suisse promises improved returns after investor pressure

[ad_1] By Brenna Hughes Neghaiwi ZURICH (Reuters) – Credit Suisse CSGN.S set ambitious targets to reward shareholders on Thursday as CEO Tidjane Thiam responds to activist investor demands for better…

Switzerland’s SoftwareONE mandates banks for IPO – sources

[ad_1] ZURICH, June 26 (Reuters) – Swiss software group SoftwareONE has mandated banks for an upcoming stock market flotation, sources told Reuters on Wednesday, paving the way for a potential…

UPDATE 1-Danske Bank’s Q2 profit boosted by higher trading income

[ad_1] * Danske Bank Q2 profit beats forecast * Keeps outlook despite more challenging marked due to Brexit * Says is well ahead (Adds CEO comments, context) COPENHAGEN, July 21…

Denmark’s Nets valued at $4.5 billion in litmus test for European tech IPOs

[ad_1] By Annabella PultzNielsen COPENHAGEN (Reuters) – Nets NETStemp.CO, issuer of Denmark’s most used debit card, was valued at 30 billion Danish crowns ($4.5 billion) in its listing on Friday,…