JPMorgan has expressed skepticism regarding the approval of spot Ethereum ETFs by the Securities and Exchange Commission (SEC) in May. Nikolaos Panigirtzoglou, a representative from JPMorgan, stated that the SEC would need to classify Ethereum as a commodity, similar to Bitcoin, rather than a security for the approval to take place. However, he believes that […]
Delta Air Lines is facing macroeconomic challenges and labor issues that are impacting its near-term outlook. The Atlanta-based airline recently informed investors that it is now entering a period of optimization after two years of intense restoration. Despite beating expectations in the most recent fourth quarter, Delta has adjusted its full-year earnings per share guidance […]
Ethereum (ETH) has seen a significant increase of 11.4%, with whales in the crypto ecosystem playing a major role in this surge. Data from the crypto analytics platform Lookonchain reveals that a whale with the wallet address “0xAA15” withdrew 5,762 ETH, equivalent to approximately $15.06 million, from Binance. This whale has purchased a total of […]
Amidst pressure on fees, high costs, and a less exclusive clientele, many banks have struggled to turn a profit in neighboring countries. UBS, Switzerland’s number one bank, has been grappling with special costs in the market until recent years.The St. Gallen Cantonal Bank is making waves by recruiting bankers in Munich, following the attention garnered […]
Swiss private bank Julius Bär has hired another executive from its fallen competitor, Credit Suisse, this time for the Southeast Asian market. Julius Bär has appointed Mun Joo Ng as Team Leader for Southeast Asia, effective from January 15, as stated in an announcement. In this newly created role, he will report to Kevin Tay, […]
The Zug-based private equity group, Partners Group, continues its growth trajectory, benefiting from a record in client acquisition. Despite a challenging market environment, the firm attracted substantial new funds in the billions last year.By the end of 2023, the Zug private equity group managed assets worth $146.9 billion, up from $135.4 billion at the end […]
The past year has highlighted the vulnerability of even Swiss banks, as evidenced by the decline of Credit Suisse. The industry must therefore increasingly face structural change, focusing primarily on customer loyalty and higher value retention, as shown by the latest banking barometer from consulting firm EY.“We will see a series of record results,” said […]
The Basler Kantonalbank (BKB) is bolstering its expertise in the foreign capital market by bringing a long-standing UBS executive on board. Richard Bärlocher will take over the care of Swiss bond issuers at BKB from January 1, 2024. This appointment of the experienced manager in the Origination Debt Capital Markets area is intended to strengthen […]
Germany is paying nearly 40 billion in interest on all its debts. Meanwhile, most Swiss pension funds achieved a positive performance in December, following a good November. The average return for 2023 was 4.92 percent, according to UBS.Investments in Frankfurt office properties fell by more than 90 percent in 2023, a much steeper decline than […]
Bitcoin and several other large-cap cryptocurrencies have experienced a rally following the approval of a spot Bitcoin exchange-traded fund (ETF) in the U.S. Despite the hype and enthusiasm surrounding the ETF approval, Bitcoin’s price performance was relatively flat, with a modest gain of 1.35%, trading at $46,258.Some analysts had predicted that the ETF approval could […]
