FINMA recognises new rules on investment property segment
Switzerland’s independent financial-markets regulator FINMA has recognised as a new minimum standard rules proposed by the banking sector governing mortgage loans for i
Western Europe
Germany economy hurt by slowdown in world trade
Germany's GDP contracted by 0.1% in the second quarter-decelerating from a 0.4% rise in the first quarter- a second negative result in a year, data from Destatis, the Federal Statistical Office showed Wednesday, spurring fears of a recession in the world's fourth largest
Barclays to take $20 bn portion of Deutsche Bank’s prime brokerage business
London-based Barclays is planning to take some of Deutsche Bank’s prime brokerage clients with $20 billion worth of balances, according to media reports.
Switzerland backs new corporate tax regime
Voters in Switzerland approved on Sunday (May 19) an overhaul of the corporate tax code, ensuring the Alpine country remains an attractive low tax domicile for global companies while still being compliant with international rules.
German investors own about 6.5% of the world's gold reserves
In times of economic concerns, geopolitical tensions and trade disputes, the demand for safe-haven assets such as gold remains high.
London Stock Exchange invests in capital markets blockchain startup Nivaura
London Stock Exchange Group (LSEG) led a $20 million funding round in Nivaura, the startup behind world's first cryptocurrency bond, the two companies announced on Wednesday (Feb. 27).
Luxembourg grants 80 new licenses to financial services firms amid Brexodus
Brexit has become a major driver behind the expansion of Luxembourg's financial services sector over the past year, a new report has found.
Dutch pension funds pledge to invest in a socially responsible way
Today 73 Dutch pension funds which together represent €1,180bn in invested assets signed a covenant pledging to invest their money more responsibly.
The Association of German banks lowers its forecast for economic growth
A slowdown in investments remains a weak point in the German economic landscape, the Bundesverband deutscher Banken (BdB) said on Thursday.
Booming equity markets give a boost to Swiss private banking industry
All things considered, 2017 was a good year for Swiss private banks although the main contribution to the improved situation was the positive development of the financial markets, says KPMG.
