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Top related persons:
Denis Balibouse - 1 headhunter Fredy Hausammann - 1 Hausammann - 1 Adecco - 1 Balz Stueckelberger - 1 Sergio Ermotti - 1 Lombard Odier - 1 Marco Arnold - 1
Top related locs:
Zurich Switzerland Swiss Europe Zug
Top related orgs:
UBS - 1 Credit Suisse - 1 REUTERS - 1 State Secretariat - 1 Economic Affairs - 1 Arbeitgeber Banker - 1 Swiss - 1 EFG's - 1

Search resuls for: "EFG's"


2 mentions found


☆ Winners and losers likely as Switzerland absorbs Credit Suisse layoffs
  + stars: | 2023-08-03 | by ( ) www.reuters.com   time to read: +5 min
Logos of Swiss banks UBS and Credit Suisse are seen in Zurich, Switzerland March 20, 2023. In Switzerland, up to 10,000 jobs could be affected with Zurich bearing the brunt if UBS goes ahead with its indicated preferred option of absorbing Credit Suisse and cutting overlapping jobs and operations. "The large banks have many highly paid very specialized roles, where frankly there is very little demand in the market outside UBS and Credit Suisse," he said. Job cuts at Credit Suisse will hit Swiss and foreign nationals on its payroll, which may mean some have to leave Switzerland if they can't find a new job. Swiss banks have been looking in particular to snap up relationship managers with strong client relationships and solid books.
Persons: Denis Balibouse, headhunter Fredy Hausammann, Hausammann, Adecco, Balz Stueckelberger, Sergio Ermotti, Lombard Odier, Marco Arnold, Giorgio Pradelli, Pradelli, EFG, Noele Illien, Susan Fenton Organizations: UBS, Credit Suisse, REUTERS, Reuters, State Secretariat, Economic Affairs, Arbeitgeber Banker, Swiss, EFG's, Thomson Locations: Zurich, Switzerland, Swiss, Europe, Zug
☆ Swiss private bank EFG profit dips as it settles Taiwan dispute
  + stars: | 2023-02-22 | by ( ) www.reuters.com   time to read: +1 min
ZURICH, Feb 22 (Reuters) - EFG International's (EFGN.S) net profit fell 1.7% to 202.4 million Swiss francs ($218.50 million) last year, the Swiss private bank said on Wednesday, as it settled legal proceedings related to a client relationship with a Taiwanese insurance company. EFG said it had paid 40.6 million francs in legal costs and increased provisions to resolve the dispute, with all proceedings against the bank now ended. On an underlying basis, which removes these costs as well as other items like gains from its legacy life insurance business, EFG's net profit increased to 248.7 million francs from 167.8 million francs a year earlier. The bank said along with the market correction, the decline in assets the Swiss bank manages reflects the disposal of the Spanish private bank A&G. In 2021 EFG reported 8.8 billion francs.
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