Credit Suisse

Australians have the world’s highest median worth and the Asia-Pacific topped Europe as the largest wealth-holding region, according to Credit Suisse Group AG. (CSGN).  The Credit Suisse Global Wealth report 2012, which measured the wealth of 4.6 billion adults globally.

We are cautious about reports of the exchange “running out of time”: the 20 March binding constraint is a GGB maturity. Greece is sovereign and has run out of money; it can choose the timetable. The case might be different if the maturity were an English law bond (but perhaps not much.)

From Wealthbriefing.com:

From Wealthbriefing.com:

UBS AG, Switzerland’s biggest bank, said fourth-quarter profit dropped 76 percent after its investment bank reported a second consecutive quarterly loss.

 

From WealthBriefing:

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