The Los Angeles Post
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Today: March 23, 2025
Today: March 23, 2025
Oliver Hirt

Oliver Hirt

Staff Writer

Latest From Oliver Hirt

Business|Economy|Europe|Finance|Technology

AI to transform wealth management, Microsoft executive says

Artificial intelligence will bring major upheaval to wealth management, a Microsoft executive said, as the technology's potential to process information vastly

AI to transform wealth management, Microsoft executive says
Business|Economy|Europe|Food|Stock Markets

Nestle beats sales forecasts but expects profit margin to shrink

Nestle reported slightly better than expected annual sales growth on Thursday, driven by price increases, but the world's largest packaged food

Nestle beats sales forecasts but expects profit margin to shrink
Business|Europe|Finance|US

Barclays eyes SocGen's UK private bank, sources say

Barclays is in the early stages of considering a bid for Societe Generale's UK private bank, in an effort to expand

Barclays eyes SocGen's UK private bank, sources say
Business|Economy|Finance

Analysis-A year on from Credit Suisse's rescue, banks remain vulnerable

A year after the banking crisis that felled Credit Suisse, authorities are still considering how to fix lenders' vulnerabilities -

Analysis-A year on from Credit Suisse's rescue, banks remain vulnerable
Business|Economy|Finance

UBS urges Swiss government to clarify capital demands, sources say

UBS is pushing the Swiss government to clarify how much more the bank will need to hold in capital buffers after buying Credit Suisse, amid

UBS urges Swiss government to clarify capital demands, sources say
Business|Economy|Finance

UBS shakes up flagship wealth business with new unit, memo says

UBS is shaking up its wealth-management arm, the bank's flagship business, to boost its offerings to ultra-rich clients, the division's new co-leaders

UBS shakes up flagship wealth business with new unit, memo says
Business|Europe|Finance

Regulatory concerns stopped Julius Baer, EFG takeover talks, sources say

Swiss regulatory concerns scuppered talks between private banks Julius Baer and EFG International over a potential tie-up worth some 15 billion Swiss francs ($17

Regulatory concerns stopped Julius Baer, EFG takeover talks, sources say
Business|Economy|Finance

Foreign banks target Switzerland after UBS takeover of Credit Suisse

As Credit Suisse fades into history following its takeover by UBS last year, global banks are expanding in Switzerland to take advantage of companies

Foreign banks target Switzerland after UBS takeover of Credit Suisse
Business|Europe|Finance|Stock Markets|Technology

Liberty Global weighs stake sale in Swiss telecom unit Sunrise, sources say

Liberty Global has explored selling a stake in its Swiss telecoms operator Sunrise ahead of a planned spin-off later this year, three people

Business|Finance|Technology

Apax, Bain and CVC exploring potential bids for SoftwareOne, sources say

Apax Partners, Bain Capital and CVC are each exploring potential bids for SoftwareOne, two people with knowledge of the situation said, three months

Apax, Bain and CVC exploring potential bids for SoftwareOne, sources say
Business|Finance

Swiss bank Julius Baer taps Goldman Sachs executive as CEO

Julius Baer on Tuesday named Goldman Sachs partner Stefan Bollinger its new CEO, as the Swiss private bank seeks to move on from the multi-million

Swiss bank Julius Baer taps Goldman Sachs executive as CEO
Business|Europe|Finance

Swiss watchdog scrutinises UBS vetting of wealthy Credit Suisse clients, sources say

Switzerland's financial supervisor has been scrutinising how UBS vets risky wealthy clients that it wants to transfer from Credit Suisse,

Swiss watchdog scrutinises UBS vetting of wealthy Credit Suisse clients, sources say
Business|Finance|Stock Markets

SIX Group explores options for financial information unit, sources say

Swiss stock market operator SIX Group is weighing options for its financial information unit, including potentially merging it

SIX Group explores options for financial information unit, sources say
Business|Finance|Technology

UBS tech chief says Credit Suisse integration is on track after test run

UBS's technology chief is confident that the hugely complex integration of Credit Suisse, bringing its former rival's clients and data onto its own platforms, is "bang

UBS tech chief says Credit Suisse integration is on track after test run
Business|Economy|Finance

Swiss bankers flag concerns over plans for tougher capital rules

The Swiss Bankers Association on Thursday criticised government plans for tougher capital requirements on UBS following the 2023 collapse of Credit

Swiss bankers flag concerns over plans for tougher capital rules
Business|Finance|US

US scrutinizes Russia accounts UBS took over from Credit Suisse, sources say

The United States is pursuing an inquiry into Russian clients that UBS took on when it bought

US scrutinizes Russia accounts UBS took over from Credit Suisse, sources say
Business|Economy|Europe|Finance

UBS flags 'sluggish' Europe growth as it takes $170 million credit hit

UBS has seen weak European growth hit companies it lends to, CFO Todd Tuckner said on Thursday, with the bank facing a 2024 credit loss expense of

UBS flags 'sluggish' Europe growth as it takes $170 million credit hit
Business|Crime|Europe|Finance

Lombard Odier indicted in Switzerland for money laundering

Swiss prosecutors on Friday indicted private bank Lombard Odier and one of the firm's former employees for "aggravated money laundering", in a rare

Lombard Odier indicted in Switzerland for money laundering
Business|Europe|Finance

Verdict on Swiss handling of Credit Suisse meltdown to set tone for UBS

A long-awaited report on how Swiss authorities handled the collapse of Credit Suisse is due to be published in the coming days, potentially paving

Verdict on Swiss handling of Credit Suisse meltdown to set tone for UBS

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