Category: Swiss
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Swiss private bank Julius Baer H1 profit drops 15% By Reuters
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ZURICH (Reuters) – Swiss private bank Julius Baer reported a 15 percent drop in profit in the first half of 2024 on Thursday, a turbulent period that saw its chief executive step down in the wake of the multi-million dollar Cigna debacle. The Zurich-based bank said adjusted net profit fell…
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Swiss bank Julius Baer names Goldman Sachs executive as new CEO By Reuters
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By John Revell ZURICH (Reuters) – Julius Baer said on Tuesday it had appointed Goldman Sachs partner Stefan Bollinger as its new chief executive, as the Swiss private bank looks to move on from the Signa debacle that cost it millions of dollars and damaged its reputation. The appointment ends…
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ICYMI: Swiss National Bank Chair Jordan ready “to intervene in FX market” if necessary
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Swiss National Bank President Thomas Jordan spoke in an interview published by Le Temps newspaper on Friday. It was Adam who made the headlines. In case you missed it, Jordan had specific comments regarding the Swiss franc: The Swiss franc can be significantly affected by political uncertainty both within Europe…
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Bybit Institutional Makes Dual Sponsorship for Swiss Summer Web3Fest and Crypto Valley Conference
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(Press Release – Dubai, UAE, July 4, 2024) BybitCoinDesk, the world’s second-largest Web3 platform by trading volume, has reinforced its commitment to fostering innovation and collaboration within the blockchain industry with a multi-faceted sponsorship at the Swiss Summer Web3Fest and the prestigious Crypto Valley (CVC) conference in Switzerland in early…
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Bybit Institutional Makes Dual Sponsorship for Swiss Summer Web3Fest and Crypto Valley Conference
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(Press Release – Dubai, UAE, July 4, 2024) BybitCoinDesk, the world’s second-largest Web3 platform by trading volume, has reinforced its commitment to fostering innovation and collaboration within the blockchain industry with a multi-faceted sponsorship at the Swiss Summer Web3Fest and the prestigious Crypto Valley (CVC) conference in Switzerland in early…
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Exclusive-UBS urges Swiss government to clarify capital demands, sources say By Reuters
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Written by Stefania Spezati and Oliver Hurt ZURICH (Reuters) – UBS is pressing the Swiss government to clarify how much capital the bank will need to retain capital after buying Credit Suisse, sources familiar with the matter said, amid fears that talks could drag on for several months, worrying investors.…
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Danone, like Swiss competitor Nestle, is doubling down on foods for an aging population
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Danone, the French yoghurt maker in transition, is stepping up investment in nutritious drinks for cancer patients and the elderly, betting that an aging population will boost long-term growth. The medical nutrition unit will be a big part of the next phase of Danone’s recovery efforts, after CEO Antoine de…
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Danone, like Swiss competitor Nestle, is doubling down on foods for an aging population
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Danone, the French yoghurt maker in transition, is stepping up investment in nutritious drinks for cancer patients and the elderly, betting that an aging population will boost long-term growth. The medical nutrition unit will be a big part of the next phase of Danone’s recovery efforts, after CEO Antoine de…
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Swiss Finance Minister flags legal risks to winding up global banks By Reuters
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ZURICH (Reuters) – International financial authorities must take into account the legal risks surrounding the potential liquidation of global banks, Swiss Finance Minister Karin Keller-Sutter said on Wednesday. In an interview with the Frankfurter Allgemeine Zeitung newspaper, Keller Sutter was asked whether the rules for dealing with banks deemed “too…
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UBS sees Swiss franc on backfoot, predicts Fed rate cuts By Investing.com
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UBS has released a report analyzing the impact of the unexpected interest rate cut by the Swiss National Bank (SNB) in March on currency markets. The SNB’s early action, before other major central banks, sparked a wave of carry trades, leading to a significant weakness in the value of the…
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UBS shifts stance on Swiss franc, now sees it as neutral By Investing.com
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UBS revised its outlook on the Swiss franc, adjusting the currency’s position from “least favourable” to “neutral”. This reassessment comes amid expectations that the US dollar will maintain its strength, with the possibility of intermittent increases in value. However, UBS does not expect a sharp rise or significant decline in…
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Swiss running shoe brand On, backed by Roger Federer, sprints ahead with $560m quarterly sales
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Swiss-based, New York-listed running shoe company On is on an upward trend. Its distinctive nozzle shoes have become a favorite of runners around the world, even though it has been around for fewer years than some of its peers. The timing couldn’t be better as more people did I turned…
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Swiss Exchange SIX Partners with Dubai Financial Market for Dual Listings
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