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HSBC India has launched the upgraded HSBC Rewards Marketplace, offering credit card holders access to 20,000 rewards and real-time redemptions. With partnerships including 15 airlines and five global hotel chains, customers can effortlessly track and redeem points via the HSBC Mobile Banking App, enjoying a 1:1 conversion ratio for most partners and instant voucher delivery. The program emphasizes flexibility, with no caps on redemptions and a quick turnaround for point conversions.
Crédit Agricole Leasing & Factoring has successfully acquired the German group Merca Leasing, emphasizing a commitment to fundamentals amid a volatile oil market. With a rich history spanning 140 years, the company continues to focus on strong earnings and supporting societal change in line with regional realities.
UBS is navigating uncertainties regarding regulatory capital requirements while bolstering its Global Wealth Management division, particularly after acquiring Credit Suisse in June 2023. Following net inflows of $97 billion in 2024, the bank aims to surpass $5 trillion in assets under management by 2028, up from $3.8 trillion at the end of 2023.
At the Raiffeisen InvestmentClub's symposium, former German President Christian Wulff urged young people to engage in democracy amid rising populism, emphasizing the potential of European technology and the green economy. Financial journalist Jens Korte discussed the implications of Donald Trump's second term, noting the impact of his tariff policies on markets and the importance of understanding his advisors. The event, attended by around 600 guests, highlighted the club's commitment to providing expert insights into market dynamics.
Ubs International has expanded its Miami team with the addition of Ana Sofia Dominguez, Jorge Claypole, and Eduardo Carrera. Dominguez and Claypole join as Senior Financial Advisors, while Carrera takes on the role of Wealth Strategy Associate, collectively bringing over 40 years of experience from Citi. They will operate as LatAm Nexus Advisors, focusing on personalized financial solutions for ultra high net worth individuals in Latin America and the US.
In March 2023, Credit Suisse, Switzerland's second-largest bank, was taken over by UBS to prevent bankruptcy following a series of scandals. Two years later, questions remain about whether Switzerland has effectively learned from this crisis, particularly regarding supervision, capital requirements, and the implications of having a "too big to fail" institution. A debate titled "Credit Suisse: has Switzerland really learned its lesson?" is scheduled for May 14.
Warren Buffett, the renowned investor, announced his retirement at 94 during his company's annual meeting in Omaha. His exit sparked discussions among financial elites at the Milken Global Conference in Los Angeles, raising the question of whether this moment signifies "peak America." The legacy of Buffett and the relevance of his mantra, "never bet against America," are under scrutiny.
Huawei Cloud has signed Memorandums of Understanding with Silverlake and GlobeOSS during the APAC Partner Summit 2025, aiming to enhance its fintech and data services in the region. Silverlake will provide customized banking solutions leveraging AI and cloud infrastructure, while GlobeOSS will develop analytics-driven solutions for telecommunications, financial services, and government sectors. These partnerships are designed to support the digital transformation and operational efficiency of financial institutions and other organizations across Asia-Pacific.
The Federal Administrative Court has ruled in favor of former Credit Suisse managers, stating that the cuts to their bonuses were unjustified and lacked legal basis. This decision comes after the Department of Finance had ordered the reductions following the bank's collapse. In other news, President Donald Trump announced plans to lift U.S. sanctions against Syria during his visit to Saudi Arabia.
Harvey Chapel, a Keuka College alum and former captain of the England U22 basketball team, now manages over $8 billion at Barclays Private Bank. His success stems from a blend of classroom learning and practical experience, including impactful internships. Recently shortlisted for UK Private Banker of the Year, Chapel continues to compete in basketball while advising top entrepreneurs across the UK.
Global Financial Events
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
hsbc india launches upgraded rewards programme with real-time redemptions and partners
09:01 16.05.2025
Crédit Agricole Leasing acquires German group Merca Leasing amid oil market challenges
17:53 15.05.2025
UBS targets 5000 billion in assets by 2028 amid regulatory challenges
15:50 15.05.2025
investing in turbulent times insights from raiffeisen investmentclub symposium
11:33 15.05.2025
ubs international expands miami team with new financial advisors and associate
ARG
BRA
URY
PRY
CHL
USA
Catherine Lapadula
Jorge Claypole
Jesus Valencia
Ana Sofia Dominguez
Eduardo Carrera
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09:33 15.05.2025
switzerland's response to the credit suisse crisis and future safeguards
23:09 14.05.2025
warren buffett retires raising questions about americas future
21:30 14.05.2025
Huawei Cloud partners with Silverlake and GlobeOSS to enhance fintech services
15:03 14.05.2025
court rules in favor of credit suisse bankers over bonus cuts
06:00 14.05.2025
keuka college alum excels in finance and basketball at barclays private bank
16:00 13.05.2025
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