finews.com: Latest Headlines, Breaking News and Top Stories
WEB6 days ago · Schuyler Weiss: «Simple, digital and transparent services». finews.com is Switzerland’s leading news site for all professionals in the financial sector and delivers real-time and constantly-updated news about the Swiss financial industry.
Lombard Odier Makes a Statement with New Zug Office
WEB21 hours ago · The bank has now opened a new office in the heart of the city, a clear demonstration of Lombard Odier’s broader strategy. Last summer, Lombard Odier made headlines by strengthening its position in Zug through the hiring of a team of no less than 13 employees from Credit Suisse, as reported by finews.com. At the same time, in …
Graubünden Native to Spearhead Neue Bank’s Ambitions
WEB3 days ago · Graubünden Native to Spearhead Neue Bank’s Ambitions. The Neue Bank, Liechtenstein's fourth-largest bank, has appointed a new CEO. The position will be filled by 37-year-old Roman Pfranger, recruited from Kaiser Partner Privatbank by Chairman Hansruedi Köng. Hansruedi Köng ’s primary task since taking on the role of …
Newcomer Private Bank Nears 10 Billion Francs Mark
WEB4 days ago · Newcomer Private Bank Nears 10 Billion Francs Mark. Geneva-based Cité Gestion, which only became a bank two years ago, reported 9.5 billion francs in assets under management and supervision at the end of last year. It now appears that this figure is approaching 10 billion francs. Recently, finews.ch reported that Cité Gestion had strengthened ...
Invest Like the Wealthiest Clients
WEB3 days ago · VT Wealth Management was founded in 2008 by Thomas Fedier and Joseph A. Belle and today has 35 employees. The Fedier family seems to have a natural affinity for the banking business. The current VT CEO’s grandfather once led the branch of the former SBG in Baden. VT Wealth Management now enables smaller …
Saxo Bank: The New Swiss Leaders Take the Helm
WEB5 days ago · The leadership duo of Oliver Buomberger and Stanislav Kostyukhin, in place for nearly a year now, has managed to restore stability and accelerate growth. This was achieved partly thanks to lower fees. At the beginning of this year, Saxo Bank reduced its fees by up to 95 percent. Custody fees are capped at …
Entering the New Era of Digital Payments - finews.com
WEBAug 21, 2024 · The launch took place on Tuesday, and now around 60 financial institutions can receive and process instant payments, covering over 95 percent of Swiss customer payments, according to SIX and the SNB. By the end of 2026, all financial institutions involved in customer payments are expected to participate. Reduced Risks …
Why Flowbank Is Not a Good Indicator for Finma’s Direction
WEBSep 10, 2024 · The Geneva-based digital bank, closed by the Swiss Financial Market Supervisory Authority (Finma) in June, is fighting back. According to media reports from the weekend, the bank has filed a lawsuit against Finma with the Federal Administrative Court. The case likely centers on why the supervisory authority rejected a last-minute capital ...
Leadership Renewal at finews.ch
WEBJul 30, 2024 · Sixteen years after its launch, finews.ch, Switzerland's leading online media outlet for the financial industry, is renewing and rejuvenating its leadership team. Founder Claude Baumann is passing the board's chairmanship to his long-time colleague Sibylle Peter.Simultaneously, the current Editor-in-chief Dominik Buholzer will take over as CEO, effective August 1, 2024.
Credit Suisse: Final Reckoning for Excessive Bonuses - finews.com
WEBDec 19, 2023 · PDF. The financial regulator blames remuneration systems for the downfall of Credit Suisse in its new report. Bankers’ bonuses failed to prevent losses or encourage good behavior at the institution. The bank that once paid its former CEO Brady Dougan a record bonus of 70.9 million francs had to collapse before …
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