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SNB introduces new 20-Franc note

  Bloomberg The Swiss National Bank (SNB) takes its money seriously. Fresh from winning banknote of the year for its 50-franc denomination, it unveiled a new 20-franc design on Wednesday that Vice President Fritz Zurbruegg argues might be the world’s most secure bill. Red in color and based on a theme of light and culture, the new 20, made of ...

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Wells Fargo’s possible job cuts fuel Wall Street analyst debates

  Bloomberg Wells Fargo & Co. is poised to spread pain to the rank and file. That’s the view from analysts, who say the bank’s leadership almost certainly must announce more aggressive cost-cutting targets on Thursday when hosting an annual investor briefing. After a bogus-account scandal spooked new clients and crimped profitability, Wells Fargo will probably eliminate more branches and ...

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Dubai’s private sector gains momentum in Q2

  Dubai / Agencies The private sector in the Emirate of Dubai gained momentum by the beginning of Q2 2017 as business conditions improved in key platforms, according to the latest Emirates NBD Dubai Economy Tracker Index. The index is a composite indicator designed to give an accurate overview of operating conditions in the non-oil private sector economy. The data ...

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