Hints and tips:
...The minimum percentage sustainable investment of the Portfolio Wachstum ZKB Oe Fund, which is managed by Swiss bank Zürcher Kantonalbank, increased the most, from 0 per cent to 70 per cent....
...ZKB, the largest of Switzerland’s state-owned cantonal banks, has had discussions with GAM in recent months about acquiring the business, according to people familiar with the situation....
...Although some deposits at the central bank remain exempt from negative interest rates, ZKB paid SFr30.8m ($31.5m) in negative interest to the SNB in the first six months of this year....
...Retail deposits are the most important source of funds for Swiss mortgages, a market dominated by UBS, Credit Suisse, ZKB and Raiffeisen....
...Deutsche Asset and Wealth Management (DeAWM), ETF Securities, ZKB, BNP Paribas (EasyETF), Commerzbank, Swiss & Global all registered net outflows last year, due in part to heavy selling of gold ETFs....
...The sell-off in the gold market this year has also contributed to more than $1bn of outflows for ETF Securities, ZKB and Swiss & Global....
...With a bevy of regulators in the US probing at least 10 further Swiss banks – including Credit Suisse, Julius Baer, Zürcher Kantonal Bank (ZKB) and HSBC’s Swiss subsidiary – it raises the question of how...
...For much of that period, the attention of American investigators has focused on a relatively small group of about 13 Swiss banks, including Credit Suisse, Julius Baer and Zürcher Kantonal Bank (ZKB)....
...For the 10 or so more Swiss banks – including Credit Suisse, Julius Baer, the Zürcher Kantonal Bank (ZKB) and HSBC’s Swiss subsidiary – currently being probed by various American regulators, that allegation...
...Alongside Credit Suisse, Baer and ZKB, the US list includes Basler Kantonalbank (BKB), HSBC’s Swiss subsidiary and the Swiss subsidiaries of three Israeli banks....
...The gold ETF run by ZKB in Switzerland, for example, has seen inflows of 26.9 tonnes while a rival Swiss physical fund run by Julius Baer has gathered 22.4 tonnes....
...ZKB declined to comment. The third and possibly most significant point of pressure in the latest documents is the allegation that some of the Swiss bankers indicted broke Swiss law as well as US law....
...However, ZKB insisted that the bank was not trying to move platinum prices higher but to create market instruments that would answer the needs of financial investors and also allow physical delivery if required...
...Platinum rose 1.6 per cent to $1,281 a troy ounce, supported by plans for an exchange traded fund launch by Zurich Cantonal Bank of Switzerland....
...The new bonds will be listed in Switzerland and the issue was managed by Credit Suisse First Boston, UBS and ZKB....
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