Zurich-based financial boutique CAT Financial Products (CATFP) is expanding its presence in Switzerland with the opening of a new office in Lugano. This move marks the third location for CATFP, following Zurich and Geneva, as part of its growth strategy in structured investment solutions.The Lugano office will be led by Laura Paganetti, who joined CATFP […]
The historic Baur en Ville hotel in Zurich has reopened its doors after undergoing extensive renovations. The hotel, which was originally opened in 1838 by Johannes Baur, has a rich history and is now under the management of the Chinese luxury hotel group Mandarin Oriental. With a total of 170 rooms, the hotel has been […]
Two well-known financial managers in Switzerland have successfully brought a Spac shell company to fruition, a feat that many of their competitors have not been able to achieve. VT5, the first and only Swiss Spac shell company, completed its listing just before the end of the year and ahead of the deadline. It recently took […]
The mediation process in Switzerland regarding the abusive dismissal of trade unionists has been put on hold. Federal Councillor Guy Parmelin has made the decision to suspend the process, stating that a mutually agreed solution is currently not feasible. The Federal Department of Economic Affairs, Education, and Research (WBF) released a statement on Monday, explaining […]
The UBS bank is reportedly planning to offload a portfolio of loans to Italian companies with low credit ratings. The move comes after the bank acquired Credit Suisse and inherited a number of weak credit positions. The UBS is said to be looking to exit revolving credit facilities for five borrowers with junk ratings. The […]
Sergio Ermotti, the CEO of UBS, is being hailed as the smartest manager in Switzerland. Despite his lackluster rhetoric, he wields immense power and is often referred to as the king of Paradeplatz, the financial district in Zurich. Tomorrow, he will be immortalized as he cuts the ribbon at the grand opening of the Mandarin […]
In the case of Benko, the leadership at Julius Bär seems to have adopted a “blame everyone” approach, ensuring that no one takes responsibility. One individual who fits into this narrative is Luigi Vignola, the Chief Markets Officer at the Zurich private bank. Over the summer, this highly paid executive indulged in a week-long sailing […]
FTX Trading Ltd. and its subsidiary, FTX Digital Markets, have reached a global settlement to address the challenges arising from the collapse of the FTX group in November 2022. The settlement is subject to approval from the U.S. Bankruptcy Court for the District of Delaware and the Supreme Court of The Bahamas.Under the terms of […]
Ripple and Metaco, two companies driving the adoption of the XRPL (XRP Ledger), are joining forces to offer tokenization and digital custody solutions to global banks. The recent appointment of Adrien Treccani, former CEO of Metaco, as Senior Vice President of Product at Ripple suggests a possible evolution in the operational strategy between the two […]
The UBS, a Swiss bank, aims to establish a stronger presence in the US investment banking sector, but it currently plays second fiddle to Wall Street giants. Despite its ambitions, the UBS acknowledges that it will likely remain behind the market leaders in the near future. The bank has taken steps to expand its investment […]
