By admin on Oct 2, 2008 in Banking, Offshore banking, Swiss Banking, Switzerland | 0 Comments
Switzerland is the preferred offshore choice for wealthy individuals who want guaranteed assurances about the safe keeping and prosperity of their assets. Swiss bank accounts are widely regarded as the most secure and prosperous bank accounts in the world. Switzerland, Luxembourg and some of the other traditional offshore centres are likely to continue to grow [...]
By admin on Oct 2, 2008 in Banking, Swiss Banking | 0 Comments
UBS sees a deeper and longer U.S. recession than it had earlier predicted, due to further deterioration in the credit market and its drag on housing spending and the broader economy.
A more severe downturn will likely lead the Federal Reserve to trim interest rates by a total of a full percentage point over the next [...]
By admin on Oct 1, 2008 in Banking, Swiss Banking | 0 Comments
The Boards of Directors/Trustees for the UBS U.S. Money Market Funds named below (the “Funds”) on October 1, 2008, approved the participation of those money market funds in the U.S. Treasury’s Temporary Guarantee Program. All of these Funds will apply to be covered under the program.
By admin on Sep 29, 2008 in Banking | 0 Comments
The credit crunch seems poised to claim its first major eurozone victim this week. The Belgian-Dutch financial group Fortis, which specialises in banking and insurance, may sell itself or its ABN AMRO Dutch banking subsidiary. Its fate is being closely monitored by European Union officials, too.
The finance ministers and central banks in Belgium and the [...]
