Tuesday, 22 November 2016
Nigeria Ranked third Among World's Poorest countries
Posted by elias joshua on November 22, 2016 in | Comments : 0
Credit Suisse group is a Swiss multinational financial services holding company, with headquarters in Zürich, Switzerland which operates the Credit Suisse Bank and other financial services investments.
The company is organized as a stock corporation with four divisions: Investment Banking, Private Banking, Asset Management, and a Shared Services Group that provides marketing and support to the other three divisions.
They recently ran an annual global wealth report in which they said that the bullish early years of the millennium, when global wealth was rising at double-digit rates, came to an abrupt halt with the financial crisis.
Hopes were high that wealth growth would take off again after 2008, but despite some promising dawns, sustained
high growth has proved elusive. And while new challenges emerge, few of the older challenges are resolved.
The report also revealed that in mid-2016, the slowdown of the global economy and the likelihood of interest rate rises were dampening the future prospects for household wealth worldwide.
Credit Suisse was founded by Alfred Escher in 1856 under the name Schweizerische Kreditanstalt (SKA, English: Swiss Credit Institution) in order to fund the development of Switzerland’s rail system ranked Nigeria as the third nation with the poorest people in the world.