Examples of Universal bank in a sentence
YTD Investor Monthly Fees $10,518,750.00 Page 2 Universal Bank, N.A., Transferor Universal Card Services Corp., Servicer Universal Card Master Trust For the Fiscal Year Ending December 31, 2000 B1c.
Segment informationThe Group is a global financial services company domiciled in Switzerland and serves its clients through three regionally focused divisions: Swiss Universal Bank, International Wealth Management and Asia Pacific.
We serve our clients through three regionally focused divisions: Swiss Universal Bank, International Wealth Management and Asia Pacific.
Net revenues in Swiss Universal Bank decreased mainly due to gains on the sale of real estate of CHF 346 million in 3Q16.
Swiss Universal Bank The Swiss Universal Bank division offers comprehensive advice and a wide range of financial solutions to private, corporate and institutional clients primarily domiciled in our home market of Switzerland, which offers attractive growth opportunities and where we can build on a strong market position across our key businesses.
Provision for credit losses In 4Q16, there was a provision for credit losses of CHF 75 million, primarily related to a net provision for credit losses of CHF 34 million in Swiss Universal Bank and CHF 28 million in the Strategic Resolution Unit.
Results Net revenues We reported net revenues of CHF 5,181 million, which decreased 4% compared to 3Q16, primarily reflecting lower net revenues in Swiss Universal Bank and Global Markets, partially offset by higher net revenues in International Wealth Management and Investment Banking & Capital Markets.
The decrease in Swiss Universal Bank was mainly driven by significantly lower other revenues, lower net interest income and lower recurring commissions and fees.
It also included an additional phase-in of multipliers on income producing real estate (IPRE) and non-IPRE exposures, both within Swiss Universal Bank, and an additional phase-in of a multiplier on certain investment banking corporate exposures in Investment Banking & Capital Markets, Global Markets and Asia Pacific.
Credit Suisse results Operating environment Credit Suisse Swiss Universal Bank International Wealth Management Asia Pacific Investment Bank Corporate Center Assets under management Operating environment Global economic output rebounded sharply in 3Q20.