HALISTER1: Swiss A-G Opens Case Against Lombard Odier Over Karimova Affair

Swiss A-G Opens Case Against Lombard Odier Over Karimova Affair

(Bloomberg) -- Switzerland’s attorney-general has opened criminal proceedings against Lombard Odier as part of a wider probe into money laundering involving Gulnara Karimova, daughter of the deceased former president of Uzbekistan.
  • The case opened in December targets the bank, a former employee and other ’unknown persons’: A-G
  • Lombard Odier suspected of a lack of internal controls that allowed alleged wrongdoing: A-G
  • An official at Lombard Odier wasn’t immediately available to comment
  • NOTE: Swiss A-G said in August 2015 they had confiscated more than CHF800 million ($794 million) in the case.
  • SEE: Swiss Prosecutors Widen Probe Against Uzbekistan’s Karimova
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: U.S. ECO PREVIEW: Jobless Claims Due in 5 Minutes

U.S. ECO PREVIEW: Jobless Claims Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Initial Claims 240k; range 225k to 255k (44 estimates)
  • Cont. Claims 2068k; range 2030k to 2072k (6 estimates)
    • Today’s report coincides with survey week for government’s monthly employment survey; "low levels of jobless claims suggest that employers see solid economic conditions": Bloomberg Intelligence
    • Claims have been below 300k for 102 consecutive weeks vs record 161 weeks that ended in April 1970
  • Chi Fed NAI 0; range -0.15 to 0.1 (5 estimates)
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283