Share |

credit suisse

Swiss flight

May 30, 2013

Swiss banks are coming to terms with a world with less banking secrecy. But are they adapting fast enough to a public that wants more transparency?

It’s hard to know what makes a bank safe from collapse these days. The financial crisis a few years back turned everything on its head. But there are things a bank can do – you would hope – that can help stave off collapse.

Europe and Asia see huge wealth losses, but number of global millionaires to shoot up

October 10, 2012

The number of millionaires globally is set to increase by 18 million to 46 million in 2017, despite big falls in wealth over the last year.

That’s according to research by Credit Suisse, which said Europe lost almost $10.9 trillion (€8.4 trillion) in household assets in the year to June while Asia-Pacific shed about $1.4 trillion, as economic uncertainty continued to take its toll.

Family businesses more resilient, research

September 13, 2012

Family businesses are outperforming non-family companies, with many achieving strong growth in the last year as most firms struggle to generate revenue, according to research from Credit Suisse and Ernst & Young.

The study found that 60% of family businesses surveyed saw revenue growth of at least 5% in the last year. Family firms were also more likely to outperform public companies largely because of their focus on long-term investment, according to the research.

Top 10 banks for family businesses

November 2, 2011

Banks need to try harder, say family businesses. But 10 banks come out on top when rated by family businesses in Europe. CampdenFB looks at the winners in more detail.

Barclays
UK bank with a huge corporate client base, many of them family businesses

Rich are getting richer, report

October 20, 2011

The wealth of the world’s millionaires jumped by $20 trillion to $89 trillion in just one year, according to research from Credit Suisse.

The wealth of the world’s millionaires jumped by $20 trillion (€14.5 trillion) to $89 trillion in just one year, according to research from Credit Suisse.

The bank’s Global Wealth Report also found that there are 84,700 ultra-high net worth individuals, those with net assets exceeding $50 million, across the world.

Read the full story at CampdenFO

Bakrie family risks losing stake in business over a $1.3 billion loan

October 7, 2011

Indonesia's Bakrie family risks losing control of coalminer Bumi plc, with reports suggesting the family is considering selling its stake to repay a $1.3 billion (€964 million) loan to a syndicate led by Credit Suisse.

According to the Financial Times, the family may sell all or part of its 47% stake in Bumi in order to repay a $1.3 billion loan the company used to consolidate its debt before being listed on the London Stock Exchange in April 2011.

Banks and family offices - Campden lists the top 10 banks

September 15, 2011

Most global banks are increasingly targeting family offices by launching new units to service them and marketing initiatives to tout their services. So which are the top 10 wealth managers for family offices?

David Bain answers the question at CampdenFO.

Comment: Rich continue to pile money into Credit Suisse

July 22, 2010

Today’s second quarter results from Credit Suisse showed that Switzerland’s biggest bank in terms of market capitalisation continues to attract money from the world’s wealthy, including business-owning families and family offices, writes David Bain.

Today's second quarter results from Credit Suisse showed that Switzerland's biggest bank in terms of market capitalisation continues to attract money from the world's wealthy, including business-owning families and family offices, writes David Bain.

Nearly SFr12 billion of net new money flowed into the bank's core private-banking unit in the quarter, which compliments the already SFr13 billion that swelled the private bank's assets under management in the first quarter.

Credit Suisse tax raids are "unfortunate diversion" to growth, says FO

July 16, 2010

Tax raids by governments on private banks, such as the one on Wednesday by German investigators on Credit Suisse offices, are a short term move by governments to raise cash but do not address the underlying problems, according to one family office executive.

Final instalment in Huntsman merger saga sees family company triumph

June 25, 2009

Huntsman Corp, the family-owned chemical company, has agreed to a settlement worth $1.73 billion to end its compensation claims against Credit Suisse and Deutsche Bank.