finews.com: Latest Headlines, Breaking News and Top Stories
WEBOct 1, 2024 · ENGLISH NEWS Tuesday, 18 July 2023 06:59. ENGLISH NEWS Wednesday, 5 July 2023 07:39. ENGLISH NEWS Tuesday, 4 July 2023 10:09. 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.
How Much Can Bank Bär Recover from the Signa Debacle?
WEB8 hours ago · This is one-third of the total 606 million francs credit extended by the bank to the Signa Group. 100 Million francs expectetd. It remains unclear exactly how much of its exposure to Benko Bank Bär will recover, potentially aided by the sale of Selfridges. The article, citing insider sources, estimates a total of just under 100 million francs ...
Hurricanes Give Zurich Investment Manager a Boost
WEB7 hours ago · Twelve Capital, based in Zurich, sees a lucrative business opportunity in this trend. Hurricane «Helene» was particularly devastating. It formed off the U.S. East Coast near Yucatán and made landfall in Florida at the end of September. As a Category 4 storm, the second-highest level, it brought wind speeds of 225 km/h (140 mph).
Exclusive Networking Event: Navigating Digital Asset Investing
WEB1 day ago · 19.00 - 19.45h Panel Discussion «Navigating Digital Asset Investments». Miro Mitev, CEO & Founder, Smart Wealth Asset Management. Pascal St-Jean, President & CEO, 3iQ. Philippe A. Naegeli, CEO & Founder, GenTwo. Moderated by Claude Baumann, Founder, Finews Group. 19.45h - 21.00h. An apéro riche and networking will follow the panel discussion.
Government and UBS Split Losses on Credit Suisse Investment Bank
WEBMar 21, 2023 · UBS expects the takeover to result in overall downside protection of around 25 billion francs comprising the nine billion government guarantee, and 15.8 billion from Credit Suisse's mandatory convertible bonds (AT1), which the Swiss Financial Market Supervisory Authority (Finma) triggered on Sunday. …
Ralf Zellweger: «The Silent Abolition of Digital Cash»
WEB4 days ago · Stablecoins – arguably the most successful product of blockchain technology aside from Bitcoin – are under heavy pressure in Switzerland. The Swiss Financial Market Supervisory Authority (Finma) issued a new supervisory notice at the end of July, which led to an uproar in the industry, as expressed in the …
U.S. Fine Causes Pictet's Profits to Plummet - finews.com
WEBFeb 8, 2024 · U.S. Fine Causes Pictet's Profits to Plummet. The end of the tax dispute with the US leaves a blemish on the financials of Geneva-based private bank Pictet. Profits declined significantly – in a difficult year, as senior partner Renaud de Planta explained on the occasion of the last financial year under his leadership.
Mihkel Vitsur: «5 Years – 5 Fintechs – 5 Challenges»
WEBMar 22, 2024 · The 1st of January, 2024, marked five years since the landmark Fintech License article came into effect. This new legislation has enabled a new wave of innovation across Switzerland's established financial landscape. With this initiative, Switzerland solidifies its position as a global frontrunner in financial technology, demonstrating a commitment to foster the sector's evolution, Mihkel ...
Finma: Important Lessons to be Learned from Credit Suisse
WEBApr 26, 2023 · Still, the regulator said important lessons could be learned from the crisis surrounding Credit Suisse, Finman said in the assessment. «The events surrounding Credit Suisse show how important it is to make concrete preparations for crises. This meant that the authorities had options on the table with the restructuring plan and with the ...
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.