18 décembre 2019

Banques privées

Brexit cost hikes dent Luxembourg bank profits

Cet article est seulement disponible en anglais. Désolé.  Luxembourg’s banks are not yet reaping the benefits of Brexit as Brexit-related additional costs are outstripping the rise in revenues. This has led to a year-on-year decline of 5.4% in banks’ …

17 décembre 2019

Banques privées

Luxembourg banks at the crossroads

Cet article est seulement disponible en anglais. Désolé.  “In 2018, 21 banks active [in Luxemburg] for more than three years had a cost to income ratio in excess of 100%, and there could be more this year,” CSSF director general Claude Marx said recently. …

17 décembre 2019

Banques privées

UBS plans to wind down dedicated unit for the super-rich

Iqbal Khan, the new co-head of global wealth management at UBS, plans to break up the Swiss bank's dedicated unit for the ultra wealthy. According to the Financial Times, this is part of an overhaul designed to increase higher-margin lending to some of …