In the aftermath of the CS collapse, it’s not ZKB, Vontobel, or Benko-Bär that are reaping the most benefits, but EFG. The private bank, with Boris Collardi as a shareholder and board member, is scooping up as many executives and advisors from the fallen Paradeplatz power as it can.Manuel Blanco, a seasoned private banker with […]
Swissquote, the largest online bank in Switzerland, has announced a record-breaking year for 2023, despite the results not being expected until March. The bank, based in Gland VD, has had a very successful year, according to a statement released on Thursday.Swissquote expects a pre-tax profit of at least 255 million Swiss francs, with a net […]
UBS, a leading Swiss bank, has achieved a record-breaking market share in its home country following the acquisition of its main competitor, Credit Suisse. This strategic move has resulted in UBS securing a significant 25% of the dealmaking fee pool in Switzerland last year, a feat that is unprecedented in the industry.UBS’s takeover of Credit […]
Pharmaceutical giants Eli Lilly and Novo Nordisk have seen their value more than triple in less than three years. Their combined corporate value, which consists of market capitalization plus net debt, was around $360 billion at the height of the COVID-19 pandemic in February 2021. It has since grown to a trillion dollars.The rapid rise […]
The European Central Bank (ECB) has adopted a cautious stance towards Bitcoin, with ECB Executive Director Isabel Schnabel stating unequivocally that the bank has no intention of purchasing the cryptocurrency. Schnabel, speaking through the ECB X account, described Bitcoin as a speculative asset that does not meet the criteria of money.This statement was made in […]
The European Central Bank (ECB) has adopted a cautious stance towards Bitcoin, with ECB Executive Director Isabel Schnabel stating unequivocally that the bank has no intention of purchasing the cryptocurrency. Schnabel, speaking through the ECB X account, described Bitcoin as a speculative asset that does not meet the criteria of money.This statement was made in […]
Bitcoin’s momentum as a payment method is dwindling due to its inefficiency, according to Bank of England (BOE) governor Andrew Bailey. In a recent meeting with the United Kingdom Parliament Treasury Committee, Bailey reiterated his belief that unbacked cryptocurrency lacks intrinsic value.“My own sense is that it’s not taking off as what I might call […]
LGT Wealth Management has made a significant announcement, introducing 11 new partners to the firm. This development follows a year of successful growth for the company, which included the acquisition of abrdn Capital.The new partners are Alice Gerry, Andrew Archer, Daniel Fresnais, Esther Clark, Henry Wilson, Robert Hardy, Scott Prout, Caroline Tye, Laurence Gagen, Matthew […]
Ripple Labs has fortified its position as a key influencer in the digital finance world by sponsoring the Euro 2024 Digital Conference, thereby establishing strategic connections. The Digital Euro Association (DEA) has recognized Ripple Labs as the main sponsor for the #DEC24 event, placing the fintech company alongside Ernst & Young, one of the “Big […]
Ripple Labs has strengthened its position as a key influencer in the digital finance world by sponsoring the Digital Euro Conference 2024 (#DEC24). The Digital Euro Association (DEA) enthusiastically announced Ripple Labs as the main sponsor of the event, placing the fintech firm alongside Ernst & Young, one of the “Big 4” and a prominent […]
