Following UBS’s 1Q20 announcement of $1.6 billion net profit, Agnès Falco, CEO UBS Monaco, talks to Forbes Monaco about the uncertainty and unfamiliar times of Covid-19. UBS’s first quarter 2020 reflected high client transaction volumes in Global Wealth Management and the Investment Bank. Operating income grew by 10% despite a rise in credit loss expenses, and operating expenses…
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Barclays is the latest major bank to report a significant drop in first quarter earnings because of coronavirus, as it sets aside $2.6 billion to cover anticipated bad loans. KEY FACTS - First quarter profits for Barclays fell 38% in the first three months of the year, to $1.1 billion (£913 million). - The bank has also set aside a $2.6 billion (£2.1 billion) credit impairment charge,…
The Compagnie Monégasque de Banque has taken the initiative, in agreement with the Princess Grace Hospital Centre, to start collecting donations, helping the Monegasque community to participate in the drive for national solidarity. CMB is strengthening its commitment to the fight against the novel Coronavirus after having already granted the sum of 100,000 € in favour of the…
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“We are one of the top private banks in the region and the leading investment solutions provider for (U)HNW clients in Monaco,” says Jean-Christophe Gerard, who after stepping in as interim Head of Barclays Private Bank EMEA in…
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Agnés Falco may have a career in banking and finance spanning 20 years but for this CEO at UBS Monaco, the bottom line comes down to quality of life, for her team and her clients. “When people come…
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Markets have stabilized and opportunities exist but could volatility become a recurring theme? Investors had a rough ride in the fourth quarter of 2018, with a 17% peakto- trough decline in global equities followed by a 7% rebound into the…
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