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...However, Teresa Nielsen, an analyst at Bank Vontobel, said it was unclear whether Julius Baer would be able to maintain such profitability. “They benefited from good markets....
...This dynamic is unlikely to pose too much of a problem for Switzerland’s giant banks, UBS and Credit Suisse, says Teresa Nielsen, an analyst at Bank Vontobel....
...“The experience of the past few years has scared a lot of banks away for good, and the US is not as profitable a private banking market as Europe or Switzerland anyway,” says Teresa Nielsen, an analyst at...
...However Teresa Nielsen, an analyst at Vontobel, said she was “not convinced” the bank would manage to “materially turn around the trend of decreasing margins”, adding that a ruling on retrocession payments...
...“There had been a lot of speculation that they might go the same way as UBS,” says Teresa Nielsen, an analyst at Vontobel. “But this is a sign that they are going the opposite way.”...
...“They have basically put all their low-risk businesses . . . together, and then put their more high-risk investment banking operations separately,” said Teresa Nielsen, an analyst at Vontobel....
...Teresa Nielsen, an analyst at Vontobel, says: “In the short term …there is much more upside for Credit Suisse due to the nature and scale of their investment bank, which normally does well in the first and...
...The problem is likely to be acute for Switzerland’s smaller banks, according to Teresa Nielsen, an analyst at Vontobel....
...“I don’t believe it is finished yet,” says Teresa Nielsen, an analyst at Bank Vontobel, which is not itself being investigated. Legal observers take a similar view....
...That is in part a reflection of residual uncertainty about precisely how many assets will be transferred from BofA to Julius Baer when it acquires the Merrill Lynch unit, according to Teresa Nielsen, an...
...The terms of the offer was in my view attractive, with a 4 per cent annualised interest rate on top of the relatively low conversion price,” said Teresa Nielsen, an analyst at Vontobel Group....
...Teresa Nielsen, analyst at Bank Vontobel, said estimates suggested Baer currently held about SFr1bn in excess capital, implying it would require additional outside funding to finance a deal....
...“The results were weaker than expected”, noted Teresa Nielsen of Vontobel....
...“Although the result has a few exceptional items, overall it is disappointing,” said Teresa Nielsen, analyst at Vontobel....
...Apart from Teresa Stratas, most members of the original Met cast were over 50 and knew how to deal with the work’s edge....
...“The higher-than-expected first-quarter results showed Credit Suisse gained market share,” noted Teresa Nielsen, analyst at Vontobel, the Swiss private bank....
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