Investing

Credit Suisse Looking for New office in Manhattan

Global banking giant, Credit Suisse is looking for new office space in Manhattan, New York to move its headquarters. The bank is trying to downsize office space once its lease expires in 2017.

State Oil Fund of Azerbaijan to Buy Australian Real Estate

The State Oil Fund of Azerbaijan (SOFAZ) $34 billion sovereign-wealth fund plans to buy commercial real estate in Australia in bid to increase its assets in the continent, according to reports.

Swiss Banks to Hold Extra Capital to Cover Mortgage Risks

The Government of Switzerland has made it mandatory for all the banks of the country to hold extra capital to cover the risk of mortgage loan default. The decision comes in the wake of fears of an emerging housing bubble in the country.
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