ZURICH (Reuters) – Credit Suisse has set up a new department to nurture socially conscious investing, the latest effort by a major bank to cater for growing demand for so-called impact investing. The move was announced by the Swiss bank’s chief executive Tidjane Thiam in a memo to staff seen by Reuters. Impact investments are
ZURICH (Reuters) – UBS has raised $325 million (252.71 million for a private equity impact investment fund, as the world’s biggest private bank looks to meet wealthy clients’ growing appetite to combine philanthropy with money making. The Rise Fund, which counts Irish rock star Bono among its co-founders, aims to achieve “measurable, positive social and