ZURICH Oct 5 Switzerland's Falcon Private Bank is not up for sale, the bank said on Wednesday, knocking down a media report its new chief executive is under pressure to find a buyer days into the job.
"Falcon Private Bank is not and was not for sale," the Zurich-based bank, owned by Abu Dhabi sovereign wealth fund International Petroleum Investment Co (IPIC), said in a statement.
Swiss finance blog InsideParadeplatz on Wednesday reported its owners had given Chief Executive Walter Berchtold, in the job since Oct. 1, a directive to sell the bank.
The report cited Geneva-based Banque Heritage as a possible buyer. Falcon said it had never held talks with Heritage over a possible sale. (Reporting by Brenna Hughes Neghaiwi)
Swiss stocks - Factors to watch on Jan 24
ZURICH, Jan 24 The Swiss blue-chip SMI was seen opening 0.2 percent higher at 8,248 points on Tuesday, according to premarket indications by bank Julius Baer .
Roche says FDA grants priority review for Actemra
ZURICH, Jan 24 The U.S. Food and Drug Administration (FDA) has granted priority review designation of Roche's rheumatoid arthritis medication Actemra for giant cell arteritis (GCA), the Swiss drugmaker said on Tuesday.