Elliot Smith

The Archive

Switzerland's new banking regulations create a "lose-lose situation" for UBS and may limit its potential to challenge Wall Street, says Beat Wittmann of Porta Advisors

April 11, 2024 | 04:41AM

'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants
Decades of trade deficits and a strong dollar created too many "losers" in the U.S

April 05, 2024 | 04:39AM

Free trade flaws fueled Trump's rise in 2016 — and the problems remain, top economist says economy who turned to Donald Trump's protectionist policies, says Nomura's Richard Koo
UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant

March 28, 2024 | 03:31AM

UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation

March 26, 2024 | 09:41AM

Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
Joyce Chang, chair of global research at JPMorgan, said the recent influx of immigration — and its economic benefits — had been "really underestimated."

March 22, 2024 | 06:07AM

Immigration is boosting the U.S. economy and has been 'really underestimated,' says JPMorgan research head
The Bank of England is widely expected to keep interest rates unchanged at 5.25% on Thursday, but economists are divided on when the first cut will come

March 20, 2024 | 08:19AM

Bank of England set to hold rates, but falling inflation brings cuts into view
Ethiopia's largest bank is struggling to recoup funds after a glitch over the weekend allowed customers to withdraw millions of dollars, according to local media reports

March 19, 2024 | 05:35AM

'Glitch' at Ethiopia's biggest bank sees customers withdraw millions that isn't theirs
Short-selling is a controversial practice, since it involves making money from the decline of somebody else's asset value

March 19, 2024 | 02:15AM

An activist short-seller is making a name for itself by taking on Carl Ichan, Gautam Adani and others
HSBC is "very positive" about the mid- to long-term outlook for the Chinese economy despite the current headwinds, the British bank's chief financial officer told CNBC on Thursday

March 14, 2024 | 10:06AM

HSBC is 'very positive' about the future of China's economy, CFO says
Banks delivered record payouts as high interest rates boosted margins, according to a new report from British asset manager Janus Henderson

March 12, 2024 | 08:01PM

Shareholder payouts hit a record $1.7 trillion last year as bank profits surged

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