Hints and tips:
...Switzerland’s Zürcher Kantonalbank has held takeover talks with GAM, the troubled asset manager that delayed its results as it races to find a buyer this month....
...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....
...It has held talks with Switzerland’s Zürcher Kantonalbank and UK boutique fund manager Liontrust....
...The group has also held talks with Zürcher Kantonalbank, the largest of Switzerland’s state-backed cantonal banks, and New York-based private equity firm Z Capital Group....
...GAM had been forced to twice delay its annual earnings as it held talks with potential suitors, including Swiss lender Zürcher Kantonalbank....
...Although Zürcher Kantonalbank, PostFinance and the Raiffeisen Group are formally considered too big to fail, they are considered to pose little threat to the economy and have much less complicated structures...
...Switzerland’s Zürcher Kantonalbank and UK fund management boutique Liontrust have emerged as suitors to take over GAM, the troubled Swiss asset manager that is racing to find a buyer this month....
...Michael Kunz, an analyst at Zürcher Kantonalbank, said that GAM’s cost-cutting programme had the potential to return the company to its former level of profitability assuming no broader marker downturn but...
...“There is still no sign of a turnround with respect to assets under management,” said Michael Kunz, an analyst at Zürcher Kantonalbank....
...GAM has sold its precious metal and money market funds to Zürcher Kantonalbank to focus on profitable active management. More salami slicing could follow....
...Last month, two outstanding US tax cases — against Zürcher Kantonalbank and Basler Kantonalbank — were settled with penalties of $98.5m and $60.4m....
...Michael Nawrath, pharmaceuticals analyst at Zürcher Kantonalbank, said Mr Narasimhan’s medical and science background would help Novartis boost productivity and profitability by being more selective in pursuing...
...Now “this kind of risk is off the table, which is a relief,” says Jürg Schnider, head of treasury at Zürcher Kantonalbank....
...Martin Scholl, chief executive of Zürcher Kantonalbank, said Swiss banks were making “the best out of a bad environment” thanks to solid growth in the business of providing loans for house purchases and...
...Sibylle Bischofberger, analyst at Zürcher Kantonalbank, said “It’s a very good price and I can’t imagine it being increased. “I think Mr Clozel didn’t want to sell but he couldn’t prevent it....
...Mr Breitenmoser joined the asset management arm of Lombard Odier, the Swiss private bank, from Zürcher Kantonalbank, where he was head of asset management sales....
...Michael Nawrath, analyst at Zürcher Kantonalbank, says Mr Jimenez could refresh the business with bolt-on deals....
...Mr Benathan previously worked at Swisscanto, an arm of Zürcher Kantonalbank...
...Whether it remains stable if the SNB decides to cut interest rates, I don’t know,” warns Martin Bardenhewer, treasurer at Zürcher Kantonalbank (ZKB), which is owned by the canton of Zürich....
...Kantonalbank offers online mortgages too)....
...About a dozen other banks, including Julius Baer and Zürcher Kantonalbank, have long been under investigation....
...Prosecutors allege Mr Warner opened a UBS account in 1996 and transferred the account with a balance of $93m to Zurcher Kantonalbank in 2002 while allegedly concealing his identity by placing it in the name...
...The news – reported earlier by Reuters – came on the same day as Switzerland’s competition watchdog said it had launched a probe into four domestic lenders – UBS, Credit Suisse, Julius Baer and Zürcher Kantonalbank...
...Credit Suisse said it would co-operate with the authorities, as did Julius Baer, Zürcher Kantonalbank and RBS. The other banks declined to comment....
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