London, New York, Frankfurt Jamie Dimon can’t wait. The US offices of JP Morgan Chase The CEO of America’s largest bank ordered it to reopen. If you want, you can sniff the office air again. A capacity limit of 50 percent still applies. But Dimon hopes that “in September or October it could look almost … Read more
Bank of America is now recommending the sale of Swiss bank shares and has lowered their target price from $ 12.19 to $ 10.69, the second change in its recommendation on Credit Suisse shares in the past 14 days. JPMorgan Chase analysts no longer recommend buying Swiss bank shares, but their rating is now neutral. … Read more
The accounts have started. Credit Suisse announced on Friday March 5 that its clients would be reimbursed from Monday March 8 of part of the Greensill funds to which they had subscribed. These first repayments concern around 80% of the cash (or quasi cash) held by … – – – – .
The end of the Neue Aargauer Bank (NAB) was decided at the end of August. But now the NAB-Aus is obvious. The majority of the NAB logos will disappear from the public this weekend. Occasional, less visible logos like the one in the parking garage in Baden were removed beforehand, some will be removed later. … Read more
– Finma-Logo Finma recently announced that it would be scrutinizing Swiss banks in connection with the Danske Bank scandal. – (Photo: Reuters) – – – – Zürich The Swiss Financial Market Authority (Finma) warns of the effects of the corona crisis on banks and insurance companies in the country. Thanks to the liquidity and capital … Read more
– London Skyline The accounting season in the third quarter brings some bright spots for British banks. – (Foto: Bloomberg) – – – – Hongkong, London Several British banks released quarterly figures this Thursday. At Standard Chartered Bank, loan defaults and low interest rates have depressed profits. Adjusted earnings before taxes fell 40 percent to $ … Read more