Latest News for: Wealth management france

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Tickets available for CDSA Wine Tour

Enid News & Eagle 28 May 2023
Security National Bank for the U.S.; Stride Bank Wealth Management, Brian and Corey Henson and P&K Equipment for France; Northwest Oklahoma Osteopathic Foundation for Greece; Park Avenue Thrift for the Marshall Islands; and Danny and Carla Stratton for Belgium.
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European stocks fell, pushed by disappointing data

The Eastern Herald 23 May 2023
The indices were also hurt by the fall in the stock of Swiss wealth manager Julius Baer after weak results ... Julius Baer plunged 7.6% after the Swiss bank announced a slight increase in assets under management and cash flows in the first four months of the year, in what it described as a difficult period for wealth managers.
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Standard Chartered CEO: Credit Suisse sale to UBS was 'surprising'

Reuters 23 May 2023
The first rescue of a global bank since the 2008 financial crisis, which is backed by up to 250 billion Swiss francs in public funds, will create a wealth manager with more than $5 trillion in invested assets and over 120,000 employees globally.Reporting by Andrew Mills; writing by Lisa Barrington; editing by Jason Neely.
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Credit Suisse loses $68 billion in assets in first quarter 2023

Beijing News 01 May 2023
Customer deposits declined by 67 billion francs in the quarter and many matured time deposits had not been renewed, it added ... Most of the money withdrawn was from its wealth management division and across all regions, and 110.5 billion francs were taken out by clients in the fourth quarter, the 167-year-old bank added.
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Credit Suisse saw a €62bn deposit run before its rescue by UBS

Irish Independent 25 Apr 2023
Credit Suisse reported 61.2bn Swiss francs (€62bn) of outflows in the first quarter of the year and took a large writedown at its wealth management unit, underscoring the challenge for UBS in retaining key clients and assets after the emergency takeover of its biggest rival.
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Over $68 bn withdrawn from Credit Suisse ahead of UBS takeover

Urdu Point 25 Apr 2023
Venditti pointed out that over the past six months, Credit Suisse's wealth management division alone had seen 140 billion francs in net new money outflows ... Credit Suisse said its quarterly results were also boosted by the 700-million-Swiss-franc sale of a significant part of its Securitized Products Group to Apollo Global Management.
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Credit Suisse saw $69 billion of outflows in first quarter

Financial Express 24 Apr 2023
The Swiss lender reported 47.1 billion francs of net outflows at the key wealth management unit, and said that a 1.3 billion franc impairment charge was mostly related to that business ... The Swiss lender reported 47.1 billion francs of net outflows at the key wealth management ...
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Credit Suisse continues to struggle with losses, outflows in Q1 following UBS merger

Live Mint 24 Apr 2023
Credit Suisse Group AG reported 61.2 billion francs ($69 billion) of outflows in the first quarter and took a large writedown at its wealth management unit, underscoring the challenge for UBS Group AG in retaining key clients and assets after the emergency takeover. The ...
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Credit Suisse saw $69bn of outflows in frantic quarter

Irish Independent 24 Apr 2023
Credit Suisse Group AG reported 61.2 billion francs ($69bn) of outflows in the first quarter and took a large writedown at its wealth management unit, underscoring the challenge for UBS Group AG in retaining key clients and assets after the emergency takeover.
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Credit Suisse's Q1-2023 numbers make it even more difficult for UBS to effect a turnaround

Gulf News 24 Apr 2023
The Credit Suisse Group AG reported 61.2 billion francs ($69 billion) of outflows in the first quarter and took a large writedown at its wealth management unit, underscoring the challenge for UBS Group AG in retaining key clients and assets after the emergency takeover.
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Credit Suisse lost $68bn in assets before rescue

Gulf Daily News 24 Apr 2023
Assets managed by the flagship wealth management division plunged 29pc to 502.5bn francs ($565.2bn) at the end of March from the same period last year ... The wealth management and investment banking units will continue to be loss-making in the second quarter, Credit Suisse said, adding that the group is also expected to post a loss this year.
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Credit Suisse saw $68B asset outflows in Q1 collapse

Anadolu Agency 24 Apr 2023
Deposit outflows represented 57% of the net asset outflows from the wealth management unit and Swiss bank in the first quarter. Credit Suisse posted 47.1 billion francs of net outflows in wealth management and a goodwill impairment charge of 1.3 billion francs was mostly related to that unit.
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Credit Suisse customers pulled $68B in assets in Q1 amid banking turmoil

New York Post 24 Apr 2023
Assets managed by the flagship wealth management division plunged 29% to 502.5 billion francs at the end of March from the same period last year ... The wealth management and investment banking units will continue to be loss-making in the second quarter, Credit Suisse said, adding that the group is also expected to post a loss this year.
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Credit Suisse sees US$69bn of outflow

Taipei Times 24 Apr 2023
Credit Suisse Group AG reported 61.2 billion Swiss francs (US$68.7 billion) of outflows in the first quarter and took a large writedown at its wealth management unit, underscoring the challenge for UBS Group AG in retaining key clients and assets after the emergency takeover.
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Credit Suisse: More than $68 billion withdrawn in first quarter

The Telegraph India 24 Apr 2023
Most of the outflows were from its wealth management division and occurred across all regions ... Assets managed by the flagship wealth management division dropped to 502.5 billion Swiss francs at the end of March, compared to 707 billion francs reported for the same period last year.

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