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Deutsche Bank strikes billion-euro takeover deal
FRANKFURT (AFP) - Germany's biggest lender Deutsche Bank has struck a deal to buy Sal. Oppenheim, a Luxembourg-based private banking group, for 1.0 billion euros (1.5 billion dollars), Deutsche Bank said on Wednesday.
Nations:Luxembourg Source:(AFP)
2009-10-28
UBS to sell Paine Webber but not yet: report
ZURICH (Reuters) - UBS AG's (UBS.N) (UBSN.VX) U.S. wealth management unit Paine Webber is not a core part of the bank's operations but will not be sold at present, UBS Chief Executive Oswald Gruebel was quoted saying in the FT.
Nations:Switzerland Source:(Reuters)
2009-09-29
Wealth Summits Keep Financial Plans in Line
Coordinated meetings with attorneys, accountants, and financial advisers are common among ultrarich families. These so-called wealth summits enable a team of trusted advisers to share information and brainstorm with their clients on a wide range of legal and financial issues.
Nations:U.S. Source:(BusinessWeek)
2009-09-25
UBS sees 35 percent drop in hedge fund assets
SINGAPORE (Reuters) - Global assets of hedge funds may drop to $1.2 trillion by the end of the first quarter, down 35 percent from 2007 as the number of managers decline and funds rely less on strategies that use leverage, a UBS executive said on Tuesday.
Source:(Reuters)
2009-02-17
Swiss banks go back to basics
GENEVA (AFP) - Swiss bankers are going back to the basics of cosy and discreet relationships with their clients after disastrous forays into the brash and boastful world of American investment banking, analysts say.
Nations:Switzerland Activities:Global Financial Crisis Source:(AFP)
2009-02-14
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