[LME Market: copper futures fall, inflation fears outweigh political risks in South America] Copper futures on the London Metal Exchange (LME) fell on Wednesday as rising inflation pushed investor sentiment into risk aversion, outweighing potential supply disruptions in major South American producing areas. 17:00 London time (00:00 domestic time on May 20th)), LME copper for three-month delivery closed down $403.50, or 3.88%, at $10001.50 a tonne.
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(LME) copper futures on the London Metal Exchange fell on Wednesday as rising inflation pushed investor sentiment into risk aversion, outweighing potential supply disruptions in major South American producing areas.
Credit Suisse Makes New Hires in Push to Capture China’s Rich
The Swiss bank hired a number of bankers from rivals to focus on clients in Greater China
(Bloomberg)
Credit Suisse Group AG made new appointments and hires focused on Greater China as a push by global banks intensifies to capture more of the nation’s growing ranks of wealthy.
The Swiss bank hired a number of bankers from rivals to focus on clients in Greater China, according to an internal memo confirmed by a bank spokesperson. It named Keng Cheong Lock, who joined the bank in 2007, as market group head of a private banking business in Singapore that’s focused on Greater China.
May 11, 2021 04:11 GMTCrypto News
UBS Group is in the early stages of planning to offer its rich clients cryptocurrency investments.
The Swiss banking giant joins a handful of US firms looking to offer broader access to digital assets as demand soars.
Looking beyond the new asset class, the bank is exploring the use of distributed ledger technology to digitize operations.
UBS is looking to offer its wealthiest clients to invest a small percentage of their net worth in cryptocurrencies.
UBS explores ways of exposure to cryptocurrencies
UBS is exploring several alternatives for offering crypto-related products to its rich clients in response to client demand. According to an unnamed source, the Swiss multinational bank is concerned that it may lose its clients if it does not start to offer investment related to the new asset class to its wealthy clients.
UBS Exploring Ways to Offer Crypto Investments to Rich Clients swissinfo.ch - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from swissinfo.ch Daily Mail and Mail on Sunday newspapers.
UBS Explores Offering Crypto Investments to Rich Clients
This content was published on May 10, 2021 - 10:15
May 10, 2021 - 10:15
(Bloomberg) UBS Group AG is in the early stages of planning to offer wealthy customers digital currency investments, joining U.S firms in seeking to give broader access in response to client demand.
The Swiss firm is exploring several alternatives for offering the asset class, people familiar with the plan said. Any investment offering would be a very small portion of the clients’ total wealth because of the volatility, while options include investing through third party investment vehicles, one of the people said, declining to be identified as the details are private.