The Geneva Financial Center Foundation has appointed the CEO of Julius Bär, Philipp Rickenbacher, to its supervisory board. This comes at a time when Rickenbacher is facing a highly unpleasant phase due to the Signa debacle with the private bank. Geneva Financial Center (GFC) has announced the appointment of Philipp Rickenbacher and Frédéric Berney as […]
European banks are facing challenges as their stocks continue to trade below their book value, according to a study by Boston Consulting Group (BCG). The analysis reveals that 73% of European banks are being traded below their book value, with some banks experiencing this situation for an extended period of time. Despite solid profits, investors […]
European banks are facing challenges as their stocks continue to trade below their book value, according to a study by Boston Consulting Group (BCG). The analysis reveals that 73% of European banks are being traded below their book value, with some banks experiencing this situation for an extended period of time. Despite solid profits, investors […]
Swiss Life, the largest life insurer in Switzerland, is preparing for a leadership transition as CEO Patrick Frost steps down in May. Frost, who is retiring at the age of 58, has expressed his desire to focus on strategic tasks and will have the opportunity to eventually succeed Chairman Rolf Dörig. Although there are no […]
Swiss Life, the largest life insurer in Switzerland, is preparing for a leadership transition as CEO Patrick Frost steps down in May. Frost, who is retiring at the age of 58, has expressed his desire to focus on strategic tasks and will have the opportunity to eventually succeed Chairman Rolf Dörig. Although there are no […]
Lugano, a city in Switzerland, has expanded its payment options by accepting Bitcoin (BTC) and Tether (USDT) for the payment of tax bills and other municipal fees. This move comes as part of Lugano’s “Plan B” to utilize Bitcoin technology and blockchain for the transformation of the city’s financial system. The payment solution is being […]
Lugano, a city in Switzerland, has expanded its payment options by accepting Bitcoin (BTC) and Tether (USDT) for the payment of tax bills and other municipal fees. This move comes as part of Lugano’s “Plan B” to utilize Bitcoin technology and blockchain for the transformation of the city’s financial system. The payment solution is being […]
The banking sector is recognizing the potential of generative artificial intelligence (Gen-AI), according to a study by McKinsey. Executives in the industry believe that Gen-AI will fundamentally change the way they do business. However, scaling these projects presents new challenges. Banks need to determine how and where to effectively use AI and ensure that the […]
The banking sector is recognizing the potential of generative artificial intelligence (Gen-AI), according to a study by McKinsey. Executives in the industry believe that Gen-AI will fundamentally change the way they do business. However, scaling these projects presents new challenges. Banks need to determine how and where to effectively use AI and ensure that the […]
Raiffeisen Bank’s chief economist, Fredy Hasenmaile, has issued a warning about the challenging situation facing the Swiss economy. He predicts that the country’s economic growth will be sluggish in the coming year, citing the persistent strength of the Swiss franc as the main factor. This is particularly impacting the traditional manufacturing industry and exacerbating the […]
