finews.com: Latest Headlines, Breaking News and Top Stories
WEB3 days ago — Schuyler Weiss: «Simple, digital and transparent services». finews.com is Switzerland’s leading news site for all professionals in the financial sector and delivers real-time and constantly-updated news about the Swiss financial industry.
Finma Conducts Secret Investigation Against Last CS Executives
WEB2 days ago — According to the «SonntagsZeitung», Finma has launched a secret investigation, summoning the last two top executives: CEO Ulrich Körner and Chairman Axel Lehmann. Supplementing the Work of the PUK. The investigation is focused on the final 15 months of Credit Suisse, from January 1, 2022, to March 19, 2023, when UBS took over the bank in an ...
Why the SNB Should Reconsider the Gold Question
WEB1 day ago — The SNB was required to value gold on its balance sheet at a parity rate of 4,595 francs per kilogram, making the prospect of a revaluation gain during the transition to market-based pricing particularly appealing. March 1997: A Game-Changing Announcement. Internally, expert groups had been considering the gold question for …
Where the Swiss Financial Center Needs to Set the Course
WEB3 days ago — Where the Swiss Financial Center Needs to Set the Course. Switzerland has some catching up to do when it comes to modern payment systems. This is not just a generational issue, says Christian Raab, Director BFSI at the technology consulting firm Thoughtworks. Additionally, Switzerland is underplaying its strengths in the fintech sector.
Shake-up at PostFinance
WEB1 day ago — Shake-up at PostFinance. There has been an unexpected departure from the Board of Directors of PostFinance. Giulia Fitzpatrick has resigned from the Board of Directors of PostFinance with immediate effect. According to a statement, this decision was made for personal reasons. «With Giulia Fitzpatrick, we are losing an expert who is well ...
China’s Cooling Luxury Market: Even Ferrari Falls Out of Favor
WEB2 days ago — The luxury segment was hit particularly hard: Porsche reported a 33% decline in sales in the first half of 2024 compared to the previous year. Even Ferrari saw a 23.4% reduction in sales in mainland China. Swiss watch exports to mainland China fell by 21.6% in the first half of 2024, while shipments to Hong Kong dropped 20%, according to the ...
Newcomer Private Bank Nears 10 Billion Francs Mark
WEBSep 17, 2024 — Newcomer Private Bank Nears 10 Billion Francs Mark. Geneva-based Cité Gestion, which only became a bank two years ago, reported 9.5 billion francs in assets under management and supervision at the end of last year. It now appears that this figure is approaching 10 billion francs. Recently, finews.ch reported that Cité Gestion had strengthened ...
Leadership Renewal at finews.ch
WEBJul 30, 2024 — Sixteen years after its launch, finews.ch, Switzerland's leading online media outlet for the financial industry, is renewing and rejuvenating its leadership team. Founder Claude Baumann is passing the board's chairmanship to his long-time colleague Sibylle Peter.Simultaneously, the current Editor-in-chief Dominik Buholzer will take over as CEO, effective August 1, 2024.
Former «Weltwoche» Journalist Florian Schwab Joins finews.ch
WEBIn early March 2024, Florian Schwab started work at finews.ch and finews.com as a Publishing Director, a newly created role. Before assuming his current position, the 37-year-old economist spent over ten years with Weltwoche Verlags AG, first as an economics editor before going on to subsequently lead the commercial team.
UBS and the End of the Honeymoon - finews.com
WEBMay 13, 2024 — UBS and the End of the Honeymoon. Both operationally and with the integration of Credit Suisse, UBS has done everything right so far. However, as an analysis by finews.com shows, things could change now. Judging UBS by its stock price is indeed correct. Last week, it surged nearly ten percent at times after announcing surprisingly strong ...
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