Market Analysis and Predictions 15

Crypto Industry Mobilizes Support for Crypto-Friendly Candidates in 2024 Elections

The US cryptocurrency industry is rallying behind political candidates who support crypto-friendly policies. Through the Fairshake Political Action Committee (PAC), a non-profit organization advocating for social and economic justice, over $78 million has been raised from leading venture firms, exchanges, and crypto industry leaders. Notable contributors include Andreessen Horowitz, Ark Invest, Coinbase, Circle, and Ripple, […]

Crypto Industry Mobilizes Support for Crypto-Friendly Candidates in 2024 Elections

Credit Suisse Crisis Report Calls for Stronger Regulation and Sanctions

The Swiss Financial Market Supervisory Authority (FINMA) has released its report on the Credit Suisse crisis, calling for more sanctioning powers, stricter regulatory standards, and the ability to impose additional capital requirements.In its report on the collapse of Credit Suisse in March 2023, FINMA assesses the events at the bank and the strategic errors that […]

UBS Urges Enhanced Financial Regulation Amidst Turmoil at Finma

The Swiss financial regulator, FINMA, is facing criticism and calls for stronger oversight in the aftermath of the Credit Suisse crisis. The regulator is set to release a comprehensive report on the lessons learned, but there are concerns that the focus will be on FINMA itself rather than on Credit Suisse. Since the forced sale […]

Vontobel Bank Faces Challenges Amidst Departures and Declining Performance

Vontobel, a Swiss bank, is facing significant challenges as key employees leave and its performance falters. Patrick Sege, who led the sales team in the asset management division, recently resigned without a known new position, raising concerns about the bank’s products and performance. This comes after another top executive, Daniel Seiler, also left due to […]

Swiss Union Leader Backs EU Framework Agreement for Mutual Benefits

The Swiss people’s concerns about immigration, job competition, and aggressive behavior from foreign neighbors have influenced their voting decisions. However, there are supporters of the framework agreement who are often underestimated, including major Swiss corporations, universities, and colleges.The SVP party led by Blocher has posed challenges for the biggest taxpayers in Switzerland. Similarly, in Germany, […]

Improvements in Swiss Banking Services for Retirees Abroad

Retirees considering a move abroad should take several factors into account. Firstly, it is crucial to research the entry and residency requirements of different countries, as these can vary significantly. Some countries may be more hesitant to grant long-term residency permits to foreign retirees, although investing in the country can improve prospects. It is essential […]

National Bank Struggles with Weakening Capital Amidst Swiss Franc Appreciation

The Swiss National Bank (SNB) is facing new challenges as it struggles to combat the appreciation of the Swiss franc. Despite successfully taming inflation, SNB President Thomas Jordan now finds himself lacking the necessary ammunition to fight against the currency’s strengthening.In a recent speech titled “Does the Swiss National Bank Need More Capital?” Jordan emphasized […]

Elon Musk’s Assurances Fail to Prevent Potential Losses for Banks in X Takeover

Elon Musk has privately assured bankers who lent him $13 billion to finance the acquisition of the social media platform X that they will not lose any money in the deal. These verbal assurances were made to reassure the lenders after the platform’s value, formerly known as Twitter, has since plummeted, according to informed sources […]

2023 United Nations Climate Change Conference in Dubai to Focus on Reaffirming Paris Agreement Goals

The upcoming United Nations Climate Change Conference, COP28, in Dubai is set to address the goals of the Paris Agreement and accelerate progress towards achieving them. Christopher Greenwald, Head of Sustainable Investing at LGT, a global private bank based in Liechtenstein, believes that discussions at the conference will emphasize the need for sustainability and inclusivity […]