Warrants have gained in popularity over the past decade, but are more and more challenged by CFDs and the growing offer in Switzerland. Both products offer leverage and the possibility to profit from rising and falling markets, yet they are inherently different. So what really sets them apart? And most importantly, which is best for you?
Switzerland will benefit from Brexit: Boris Collardi, CEO of Zurich-based banking group Julius Baer is fully convinced. "I’m virtually certain that Switzerland will take advantage of Brexit" Collardi said in an interview published today by Le Temps. "In terms of capital flows, persons domiciled in the United Kingdom or who have decided to use the British platform as a point of reference questions will arise about their future status of resident and the willingness of the authorities to loom as an attractive place for business. They may decide to resort to Switzerland not to put all your eggs in one basket. "
Swiss private banking giant UBS has retained the title of the world’s biggest private bank, according to annual report by wealth management researcher Scorpio Partnership, published today.
Although its assets under management (AUM) fell 1 per cent from 2014 to 2015, it still topped the global rankings, with US$1.74 trillion (S$2.34 trillion) at December 2015. Bank of America Merrill Lynch came in second, with AUM of US$1.444 trillion – down 2 per cent for the year, while Morgan Stanley was third with US$1.439 trillion, down 2.8 per cent. Switzerland’s second biggest bank Credit Suisse fell further behind Morgan Stanley in the ranking with a 7.2 per cent fall in its managed assets to $687.3 billion, the benchmark showed.
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.
Rothschild and Compagnie Financiere Martin Maurel have announced their intention to merge, that decision would give rise to a private bank with assets under management of approximately 34 billion euro, one of the first independent player in France.
In a joint statement, the institutions have explained that the transaction – which assesses Martin Maurel € 240 million – will be financed by a mix of new shares and cash Rothschild and external credit lines.
The Martin Maurel shareholders will receive 126 Rothschild Martin Maurel shares for each share held, or may be paid for the equivalent in cash. The family will receive Maurel Rothschild actions.
After 150 years Goldman Sachs opens its doors to depositors. As reported by the Financial Times, the institution has decided to change strategy, according to even the demands of regulators to diversify funding sources.
Goldman last week launched the GSBank.com online platform, inherited along with a block of 16 billion deposits from the acquisition of GE Capital, and to open an account will be sufficient even a single dollar. "The Goldman’s decision to apply to the mass market comes at a time when the bank is under pressure to find new forms of financing," explains the newspaper City. "The results of the first quarter of the major US banks have highlighted the difficulties faced by their investment divisions ahead of volatile markets and stricter regulations."
