The Swiss Diet; Swiss Banks  

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[s.n]

Jenis: Article from Bulletin/Magazine
Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8758 (Nov. 2011), page 84-85.
Topik: Investment Banking; Regulation of Financial Institutions; Changes; Business Conditions; Capital Requirements; Investment Policy

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Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.68 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada

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Switzerland's two global banks both recorded losses in investment banking for the third quarter. On the back of these bad numbers, Brady Dougan, the boss of Credit Suisse, on November 1st announced a shift in its investment-banking strategy. The business of fixed-income sales and trading, which has suffered two bad quarters, will be cut back. Instead the bank will concentrate more on trading foreign exchange, equities and commodities for clients. UBS, Credit Suisse's bigger and more accident-prone rival a few doors up on Bahnhofstrasse, will probably announce further-reaching plans for its investment bank on November 17th. Other banks may be forced to rejig their investment-banking arms as the impact of higher capital charges proposed under Basel 3 rules begin to bite.

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