Ticker	Volume	Price	Price Delta
DJIA	15,354.40	+121.18	0.80%
S&P 500	1,667.47	+17.00	1.03%
Nasdaq	3,498.97	+33.72	0.97%

Ticker

Volume

Price

Price Delta

DJIA

15,354.40

+121.18

0.80%

S&P 500

1,667.47

+17.00

1.03%

Nasdaq

3,498.97

+33.72

0.97%

Ticker	Volume	Price	Price Delta
STOXX 50	2,817.99	+11.29	0.40%
FTSE 100	6,723.06	+35.26	0.53%
DAX	8,398.00	+28.13	0.34%

Ticker

Volume

Price

Price Delta

STOXX 50

2,817.99

+11.29

0.40%

FTSE 100

6,723.06

+35.26

0.53%

DAX

8,398.00

+28.13

0.34%

Ticker	Volume	Price	Price Delta
Nikkei	15,360.80	+222.69	1.47%
Hang Seng	23,459.60	+376.89	1.63%
S&P/ASX 200	5,209.04	+28.26	0.55%

Ticker

Volume

Price

Price Delta

Nikkei

15,360.80

+222.69

1.47%

Hang Seng

23,459.60

+376.89

1.63%

S&P/ASX 200

5,209.04

+28.26

0.55%

Swiss Banking Group Says New Tax to Crimp Margins, FuW Reports

By Giles Broom - 2012-08-18T07:32:11Z

The Swiss Bankers Association expects the cost of implementing new withholding taxes to put pressure on margins, Finanz und Wirtschaft reported, citing an interview with Chief Executive Officer Claude-Alain Margelisch.

While the new fiscal regime will result in outflows of client funds, it will add legal certainty and increase the attractiveness of Switzerland’s financial center, Margelisch was cited as saying.

To contact the reporter on this story: Giles Broom in Geneva at gbroom@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net

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