Newedge Group was founded in 2007 as a joint venture of Credit Argicole and Societe Generale to provide multi-asset brokerage and related services primarily to institutional clients. In November 2013 Societe Generale announced its intention to acquire all shares of Newedge Group. By the end of 2015 Newedge Group has fully merged into Societe Generale, Corporate and Investment Banking Division. Newedge Group, Paris, Zurich Branch operated as a branch of Newedge Group (France).
Newedge Group, Paris, Zurich Branch was the 271st largest bank in Switzerland in terms of total assets. In 2014 its total assets were 3,03 mln CHF, providing the bank with the market share of 0.00%. Newedge Group, Paris, Zurich Branch was the 25th largest branches of foreign bank in Switzerland (out of 27 branches of foreign banks) having market share of 0.01% amongst the banks of this category.
Newedge Group, Paris, Zurich Branch participates in deposit guarantee scheme of Switzerland. This scheme covers accounts up to 100 000 CHF per bank per depositor.
Newedge Group, Paris, Zurich Branch was located in Zürich.
|Total Assets (2014)|
|3.03 mln CHF (-38.96%)|
In 2014 total assets of Newedge Group, Paris, Zurich Branch were 3.03 mln CHF. Decline compared to the previous period (2013) was -38.96%. The evolution of the total assets of Newedge Group, Paris, Zurich Branch is shown at Chart 1 below.
Chart 1. Total Assets of Newedge Group, Paris, Zurich Branch.
|Yes (up to 100 000 CHF per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Switzerland are obliged to participate in Swiss deposit guarantee scheme.
In the case of Newedge Group, Paris, Zurich Branch failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||private individuals, commercial enterprises and public-sector offices|
|Covered Accounts||credit balances (e.g. personal accounts, savings accounts, investment accounts, salary accounts, numbered accounts, deposit accounts and current accounts)|
|Maximum Protected Amount||100 000 CHF|
|Paid In Currency||CHF|
Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.
The following banks operating under Newedge Group brand name has been recently closed down: