Factors to watch on July 12

July 12, 2016 4:43 AM

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The Swiss bank is freezing new hires in parts of its wealth management business as part of a restructuring process aimed to cut costs, a source familiar with the matter said on Monday.

* ams AG said it increased the amount raised from a newly issued promissory note to 175.5 million euros ($194.4 million) following investor demand.

Also read: BRIEF-Molecular Partners 9-month net loss CHF14.8 million

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