The past year has highlighted the vulnerability of even Swiss banks, as evidenced by the decline of Credit Suisse. The industry must therefore increasingly face structural change, focusing primarily on customer loyalty and higher value retention, as shown by the latest banking barometer from consulting firm EY.“We will see a series of record results,” said […]
In a significant development, the launch day of the Bitcoin ETF has been marked as a historic moment. Alex Fazel, a representative from SwissBorg, has joined the discussion on the potential impact of this event.According to Fazel, the introduction of spot Bitcoin ETFs could lead to an influx of hundreds of billions into Bitcoin. This […]
The Basler Kantonalbank (BKB) is bolstering its expertise in the foreign capital market by bringing a long-standing UBS executive on board. Richard Bärlocher will take over the care of Swiss bond issuers at BKB from January 1, 2024. This appointment of the experienced manager in the Origination Debt Capital Markets area is intended to strengthen […]
Germany is paying nearly 40 billion in interest on all its debts. Meanwhile, most Swiss pension funds achieved a positive performance in December, following a good November. The average return for 2023 was 4.92 percent, according to UBS.Investments in Frankfurt office properties fell by more than 90 percent in 2023, a much steeper decline than […]
Mizuho, a Japanese bank, is making strategic moves to expand its global dealmaking team. As part of this expansion, the bank has recently hired a UK investment banking veteran, Tim Waddell, to join its board. Waddell’s appointment comes as Mizuho seeks to grow its investment bank in Europe.Waddell, who has spent decades at large investment […]
Hamza Lemssouguer, a former star trader at Credit Suisse, has achieved impressive success with his hedge fund, Arini, last year, leaving most competitors far behind. This is despite his involvement with Signa Development, a unit of the insolvent real estate firm Signa Holding, owned by Austrian investor René Benko.Lemssouguer’s hedge fund is part of an […]
The United States Securities and Exchange Commission (SEC) has recently approved the country’s first spot Bitcoin exchange-traded funds (ETF), a decision that has sparked anticipation and curiosity in both traditional finance (TradFi) and decentralized finance (DeFi) spaces. This decision is expected to have significant effects on the markets and on Bitcoin itself.Meanwhile, in Europe, the […]
The decline of Credit Suisse last year has significantly altered the Swiss banking industry, particularly in the corporate customer business where substantial adjustments are anticipated, according to the latest EY Banking Barometer.The restructuring of the Swiss banking landscape following the takeover of Credit Suisse by UBS is expected to have long-term effects. The EY Banking […]
The recent approval by the Securities and Exchange Commission (SEC) has sparked a surge in Ethereum and various altcoins, overshadowing the modest gains of Bitcoin. Altcoins such as ETC, Arbitrum, and Mantle have seen increases of 30%, 20%, and 20% respectively, while Bitcoin has only seen a modest increase of $500. Trading and money inflows […]
U.S. financial giant, J.P. Morgan Asset Management (J.P. Morgan AM), has appointed a former UBS and HSBC banker, Laura Geiger-Pancera, as the new head of its asset management in Switzerland. She replaces Claude Kurzo, who was called to higher duties in London last year.From Zurich, Geiger-Pancera will report to Christoph Bergweiler, Head of Fund Continental […]
