private-banking

Credit Suisse Group will lay off 20 employees, including its entire fixed-income sales and trading desk, in Taiwan after dropping a plan to establish an onshore private-banking business there.

The Layoff List 2012

ZURICH—Credit Suisse Group plans to integrate the operational functions of its private-banking and investment-banking divisions into a new global entity, as the Swiss bank seeks to cut costs and improve profits.

Credit Suisse Pushes on Integration Anita Greil 2011

UBS, Switzerland's largest bank by assets, is sharply reducing its global investment bank and shedding flagging businesses as it focuses on its private-banking operations.

UBS to Lay Off 35 Staff in Asia-Pacific P.R. Venkat 2012

In 2003, private-banking chief Maria Elena Lagomasino set out to study why so many rich people she knew were blowing up.

The Truth About Wealth Robert Frank 2011

It also would revive Japanese memories of 2004, when the FSA took administrative and punitive actions against Citibank Japan in connection with multiple violations of laws and regulations by the bank's private-banking and other divisions.

Citigroup Under Scrutiny in Japan Atsuko Fukase 2011

But UBS is nonetheless struggling to push up its private-banking profits, which have lagged because investors have little appetite for the trading and products that generate rich fees.

UBS Will Slice 60% From Bonuses As Net Sinks 76% Deborah Ball 2012

Experts say UBS and Credit Suisse's private-banking arms can't flourish without having an investment bank as a sophisticated product factory, especially for its lucrative wealthiest clients with more than $50 million in assets.

Swiss Banks Weigh Risk Katharina Bart 2011

The reason both banks will cling to their FICC ambitions—which for UBS include cracking the Top 5 globally—is mainly to keep wealthy clients in their flagship private-banking arms happy.

Swiss Banks Weigh Risk Katharina Bart 2011

To meet the demand, UBS and Credit Suisse are breaking down traditional in-house barriers between their private-banking and investment-banking activities, making the two disparate arms work together for business.

Swiss Banks Weigh Risk Katharina Bart 2011

We deeply regret the failings of systems and controls in the period 2007 to 2009 around the provision of advice to U.K. private-banking clients on structured capital at risk products.

Credit Suisse Fined in U.K. Margot Patrick 2011