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Dominique Gerster: «Every Mistake Costs Reputation»
Whether in banking or technology, publicly listed companies are almost constantly entangled in civil, regulatory, and sometimes even criminal proceedings. When these cases play out in the media, the consequences often extend far beyond the legal realm. How can companies mitigate the risks? In his article for finews.first, Dominique Gerster provides some answers.
Laurent Gagnebin: «We Acquired a Record Amount of New Assets»
Rothschild & Co Bank in Zurich recently opened an office in Dubai and sees tremendous opportunities there. Nevertheless, Switzerland remains an important location: «If there is a suitable wealth manager for acquisition, we will certainly give it serious consideration,» CEO Laurent Gagnebin reveals in an interview with finews.com.
BB Biotech Confirms Profit and Lowers Dividend
The investment company BB Biotech, which specializes in the pharmaceutical sector, has confirmed its preliminary figures for the 2024 financial year. Looking ahead, increased activity is expected. However, there is uncertainty regarding regulatory conditions in the United States.
Zurich: First Figures on Wildfires and a Surprise
Zurich saw a significant increase in earnings in 2024, benefiting its shareholders. For the first time, the insurance group has presented figures related to wildfires in California. Additionally, the nomination for the Board of Directors is expected to spark discussions.
UBS: Uncertainty Surrounding Legal Risks
UBS is embroiled in multiple high-stakes legal battles worldwide, primarily linked to its Wealth Management division and the takeover of Credit Suisse. These cases, spanning from historical tax evasion allegations to client disputes, significantly impact the bank’s financial exposure.
How Ferrari Became Europe's Most Valuable Car Maker
Ferrari’s meteoric rise to become Europe’s most valuable carmaker is not driven by production volume. While mass-market manufacturers like Volkswagen battle weak domestic demand and a costly transition to electric vehicles, Ferrari has mastered the art of scarcity, exclusivity, and brand mystique.
CS Pension Fund Project Has one less Problem
The Credit Suisse Pension Fund's Brunaupark residential construction project, which has been in the planning stage for years, has been freed from the city's extended right to have a say. A legal hurdle has now been removed. However, the project is no closer to ralization. How and when things will continue remains to be seen.
Wealthy Americans Are Leaving—Where Are They Going?
Economic uncertainty, political division, and shifting global power dynamics are fueling an unprecedented exodus of the wealthy—especially from the United States. But where do they go? A new global index reveals the top destinations for those seeking security, stability, and freedom beyond their home borders.
Glencore at Odds with the London Stock Exchange
Swiss mining giant Glencore is renowned for its copper, zinc, and coal operations. However, last year, the company also capitalized on surging gold prices. Frustrated with the stock market, CEO Gary Nagle is now weighing the possibility of abandoning the London Stock Exchange.
Moment of Truth for HSBC Boss
Next week, Europe's largest bank in terms of total assets will present its annual figures. However, the result will probably be of secondary importance. What's far more intriguing is how CEO Georges Elhedery will implement the announced radical reorganizatin and how high the bar will be set for cost savings.
Ex Credit Suisse Banker Launches Ticino Finance Association TiFA
Former Credit Suisse banker Pascal L. Cortesi has launched an association in Ticino, providing a platform for senior investment professionals to connect and engage in high-level financial discussions. In an interview with finews.com, he shares insights into the initiative, which will hold its inaugural event next week.
EFG International Reports Highest Dividend in History
For Swiss private bank EFG International 2024 was a year of strong progress and performance. The result for 2024 allows the firm to propose the highest dividend per share ever. EFG has entered the final year of its current strategic cycle. «Throughout 2025 we will accelerate the bank’s transformation to continue to create value for our clients, shareholders, and other stakeholders,» CEO Giorgio Pradelli said.
El Salvador’s Bitcoin Experiment Ends: What It Means for Crypto Policy
El Salvador was the first country to adopt Bitcoin as legal tender, inspiring crypto enthusiasts worldwide. But three years later, parliament has repealed the law. The reasons behind this reversal—and its implications for Switzerland’s own Bitcoin debate—are worth examining.