Notoriously low-key Daniel Sauter was pushed into the spotlight at Julius Baer following the exit of its high-flying CEO. finews.asia profiles the enigmatic 60-year-old chairman.
Australia’s banking lobby put forth new ethics rules and practices to the country’s regulator. The move follows a series of scandals at the big four banks.
Credit Suisse said that tax reforms in the U.S. will knock 2.3 billion francs off its quarterly profit. The hit is likely to push the Swiss bank to its third consecutive annual loss.
Morgan Stanley and Credit Suisse Group AG will become trading venues under MiFID II to make markets in bonds, equities, currencies and derivatives with their clients, two of the last major banks to reveal how they will trade under the European Union’s sweeping overhaul of financial regulation.
SINGAPORE (BLOOMBERG) – The private-banking arm of Oversea-Chinese Banking is adding more staff in Dubai, as the Singapore lender seeks a greater role managing the money of the Middle East’s wealthy and of Indians living overseas.
JPMorgan Chase & Co is powering up a lower-cost computerized investment management tool this week and plans to offer the robo-adviser to some clients next March and on a wide scale in the middle of the year.
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