Basel News
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Zurich’s auction houses are attracting a growing number of international buyers for Swiss art, reflected in higher prices for artists including Ferdinand Hodler, Albert Anker and the Giacometti family.
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Updated 11 minutes ago
The head of Denmark’s biggest bank is questioning predictions that corporate bonds will replace traditional bank lending even as his own regulator adds to the cost of providing loans to businesses.
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Updated 3 hours, 27 minutes ago
Artist Erik den Breejen spent most of his 37th birthday earlier this week on the corner of Elizabeth and Houston streets in Manhattan, with a paint brush in his hand.
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Danske Bank A/S, Denmark’s biggest lender, was told by the country’s financial watchdog it had underestimated risky assets as global regulators increase scrutiny of banks’ internal models.
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The Co-Operative Bank Plc, the U.K. lender that abandoned a bid to buy branches from Lloyds Banking Group Plc, will swap some debt for equity and trade on the London Stock Exchange to plug a capital hole.
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Now is a good time to buy contemporary art, even though prices have never been higher, the Dallas-based collector Howard Rachofsky says as he digests his bratwurst.
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Riksbank Governor Stefan Ingves, who is also the head of the Basel Committee on Banking Supervision, said new regulations will narrow the difference in the risk- weights banks apply to their mortgages across markets.
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Deutsche Lufthansa AG’s maintenance arm said it’s increasingly targeting contracts with low-cost carriers as collapses and consolidation erode its traditional customer base.
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Updated 2 hours, 53 minutes ago
PNC Financial Services Group Inc., the second-largest U.S. regional bank, faces the same decision on its 21 percent stake in BlackRock Inc. that confronts many individual investors: sell or hold?
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Leonardo DiCaprio and Roman Abramovich were among the VIPs at a bullish preview to the Art Basel fair in Switzerland, where a $12 million Alexander Calder mobile was among the rush of early sales.
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