SIX Swiss Exchange has accepted the request to exit from the Stock Exchange of Zurich-based Kuoni Group. The tour operator had requested on June 14 withdrawal of all its registered shares with a nominal value of one franc.
The output from the stock exchange will take place at a date yet to be determined, said SIX in a statement. The exact term will be announced five days earlier.
Deutsche Bank had expressed interest in purchasing the portfolio loans to the greek shipping industry, currently owned by Royal Bank of Scotland (RBS), as reported by Sky News. The value is around $ 3 billion.
The major German bank is not the only one to have expressed interest in the assets of RBS. China Merchants and Credit Suisse have already begun negotiations, but has not yet signed any official agreement. The news comes at a time of high volatility on Deutsche Bank shares, considering the announcement last week, in which the German Institute announced it would sell its "shipping loan portfolio" at least $ 1 billion.
Volkswagen still under fire for Dieselgate: a South Korean executive of the group, as reported by the Wall Street Journal, has been called upon to tampering with data on vehicle emissions and "the question" is therefore officially opened also in South Korea, where other German house manager could soon be questioned by local authorities, from the local head of the Wolfsburg Johannes Thammer home.
Fiat Chrysler Automobiles (Fca) "assumes hackers." As it will also make Autonews.com reports, FCA, first among the generalist manufacturers, scalded by the case it happened a year ago, when the two hacker Charlie Miller and Chris Valasek took remote control of a Jeep Cherokee driven at that time by a journalist.
Investors need not fear: Credit Suisse is now "safer than ever", supports the chairman of the management Tidjane Thiam, pointing out that the institution is making progress in its transformation process.
"The course of action should not be confused with the security of the bank and with the solidity of the budget," Thiam said in an interview published yesterday by the NZZ am Sonntag. In fact, the bank is working with a long-term strategy that will bear fruit later. "The course of action will move when they give you the results and when our strategy will give a good account of himself", he says he is convinced Thiam.
The exit of Britain from the European Union sent the financial markets crisis and forces companies that looked at the IPO as a concrete option to review their plans. According to a study by PriceWaterhouseCooper, placements in Europe will not collect more than 25 billion euro by the end of 2016, less than half of the 57.4 billion of 2015.
Swiss International Air Lines has announced its first Bombardier CS100 Zurich Airport and baptized with the name "Canton of Zurich". The aircraft sets new standards in terms of comfort, economy and environmental sustainability. Among other things, the Swiss company is the first the world to use this new concept airplane. The first commercial flight will be performed on July 15, from Zurich to Paris Charles de Gaulle.
Credit Suisse plans to close down its asset management activities in Russia. The bank will remain in the country, limiting its activities and investment advisory for those who wish to maintain the relationship, we will be invited to transfer their accounts in Switzerland.
"Credit Suisse has revised its private banking offering in Russia and will continue providing advisory services for private banking customers in Russia but without booking onshore," Zurich-based Credit Suisse said in a statement, confirming an earlier report by Forbes.
