Tag: Risk management
Bafin orders a special audit at the L-Bank
L Bank building In the context of special audits, banking institutions have extensive obligations to cooperate with the auditors. (Photo: Thomas Rathay / teamwork / FOTOF (M)) Dusseldorf The Federal…
Turnaround in interest rates causes real estate bubble to burst
New building district in Frankfurt According to UBS, the risk of a real estate bubble is particularly high in the Main metropolis. (Photo: dpa) Zurich The turnaround in interest rates…
Financial regulator criticizes shortcomings at Clearstream.
German Stock Exchange The public prosecutor’s office has intensified its investigation into the group’s possible involvement in the cum-ex business. (Photo: dpa) Frankfurt The financial regulator Bafin is taking action…
UBS down, European banks generally under pressure
Zurich The situation of the European banks has not gotten any easier in the past few weeks. In addition to the geopolitical risks and concerns about inflation, fears of a…
UBS falls short of expectations despite profit growth
UBS branch The bank clearly sets itself apart from rival Credit Suisse. (Photo: Bloomberg) Zurich The mix of geopolitical risks and concerns about inflation is also affecting UBS’s business. The…
Deficiencies in the state development bank call Bafin to plan
Headquarters of the L-Bank in Karlsruhe The money house is the fourth largest development institute in Germany. With a total of 15 billion euros in 2021, your promotional business was…
Former chief supervisor at Credit Suisse has a new consultant job
António Horta-Osório The Chairman of the Board of Directors of Credit Suisse actually wanted to reform the bank’s risk management and culture – now he is stepping down. (Photo: Reuters)…
UBS appoints Khan as sole wealth manager
UBS The Swiss bank is remodeling its executive floor. (Photo: Bloomberg) Zurich The major Swiss bank UBS is reorganizing its group management. The UBS manager Iqbal Khan should lead the…
World is heading for a new age of crisis
Floods in Colombia Various environmental crises, along with conflicts within and between countries, are the new risks facing the world, say the researchers. (Photo: IMAGO/ZUMA Wire) Stockholm According to the…
China announces further steps to support the economy
people in Beijing Beijing wants to make macroeconomic adjustments to support the economy in difficult times. (Photo: Reuters) Beijing China’s leadership announces further measures to support the economy. The country’s…
UBS posts best quarterly results since 2007
The Swiss bank UBS struggled with the collapse of its client Archegos. (Photo: Reuters) Reuters UBS posted its highest quarterly profit since 2007 in the first three months of 2022…
Managers have to position themselves politically
Dusseldorf Her warning could hardly be more topical: companies would be confronted with geopolitical risks in the future, says management consultant Katrin Suder in the current episode of the podcast…
Credit Suisse demotes German top bankers
Credit Suisse headquarters in Zurich Zurich Credit Suisse appoints Francesco De Ferrari as head of the newly formed asset management team. He was previously head of the Australian financial group…
Does the financial industry need more diversity for the transformation?
Financial district in Frankfurt An important signal was heard from the financial sector this autumn. “We banks want to be the driving force in the fight against climate change,” announced…
Axel Weber hands over UBS in excellent shape
Axel Weber After ten years in office, the UBS Chairman of the Board of Directors will step down in spring 2022. (Photo: REUTERS / Arnd Wiegmann) When Axel Weber took…
Olivier Vigneron becomes the new Chief Risk Officer
Olivier Vigneron The bank manager will move to Deutsche Bank as Chief Risk Officer from Natixis in March 2022. (Photo: Natixis) Frankfurt In one weekend, Deutsche Bank solved two of…
UBS sells Spanish business to Singular Bank
Zurich, Frankfurt UBS is selling its Spanish business with wealthy private clients to the Madrid-based Singular Bank, thereby withdrawing from an important market. A corresponding contract has already been signed,…
Start-up Interos wants to prevent delivery bottlenecks with an early warning system
Jennifer Bisceglie With her AI start-up Interos, Jennifer Bisceglie became a unicorn entrepreneur. (Photo: Interos) Dusseldorf Jennifer Bisceglie’s business model has become indispensable for internationally networked companies – at least…
Why banks and insurers do not have to fear an in-depth examination in 2020
Frankfurt Many German banks and insurers should breathe a sigh of relief: Even for the 2021 financial year, they do not have to show their auditors how effectively they have…