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Sygnum Bank Joins the Unicorn Club
Amidst growing concerns about Switzerland’s eroding competitive edge in the digital asset space, Sygnum Bank emerges as an example of resilience and growth. The bank has completed an oversubscribed strategic growth round, securing $58 million in funding and achieving a valuation of over one billion dollars.
Patricia Ordody: «Forget Mental Health»
The stigma surrounding mental health in the workplace is fading slowly, giving way to a new focus on «mental fitness». By treating psychological well-being as an active, ongoing practice – just like physical fitness – companies can unlock greater resilience, sharper focus, and improved performance, Patricia Ordody writes in her essay for finews.first.
Hundreds of Millions: UBS Settles With Department of Justice
Die UBS steht in den USA offenbar unmittelbar vor einem Vergleich. Gegenstand sind angebliche Verletzungen von Bestimmungen eines Vergleichs, den die Credit Suisse im Jahr 2014 betreffend unversteuerter Gelder mit dem Department of Justice geschlossen hat.
Hands-Free Driving in Sight: What’s Holding Back the Swiss Rollout
The CES Digital Expo in Las Vegas is celebrating technological advances in automated driving this year. Starting in March 2025, it will be permitted on Swiss highways. However, it may still take some time before the first cars with this new technology are approved.
Attempt to Reanimate the Too-Big-to-Fail Concept
What has the State Secretariat for International Financial Matters been working on over the past year? What are its most important ongoing projects? The 2024 activity report provides information on this, but there are also some gaps,as finews.ch critically notes.
Natural Disasters: The Billion-Dollar Bill for Munich Re
The impacts of climate change and the associated rising risks and damages from natural disasters were already one of the major topics at the insurance industry meeting in Monaco in early September. Now, the world's largest reinsurer, Munich Re, has presented its estimates for the past year.
Philipp Hildebrand Leads Blackrock's Way Out of Climate Alliance
BlackRock, the world’s largest asset manager, has withdrawn from a major UN-sponsored climate initiative. The move, explained to clients by Vice Chairman Philipp Hildebrand, signals a significant shift for the company once at the forefront of ESG investing.
From Zurich to Wall Street: Banking’s Brightest Stars Expected at Davos
The World Economic Forum (WEF) in Davos once again attracts the crème de la crème of global banking. Top banking executives from Swiss powerhouses and international institutions will address the world's (and the industry's) most pressing challenges. However, there are also notable absences.
Record Supply of Government Bonds from the Eurozone - Thanks to the ECB
Bonds from Germany, France and Italy have traditionally been an important asset class for Swiss investors. The political developments are a reminder that the countries should be analyzed individually despite the common currency. A UBS study provides an overall view. Conclusion: The net supply of government bonds will reach a record level. The reason for this is the ECB.
Banque Havilland: Deal Over Remaining Client Assets Emerges
The Banque Havilland's voluntary liquidation in Liechtenstein has seen its client funds dwindle. The remaining assets are now expected to be transferred to another Liechtenstein bank. Of the 1,6 billion francs once managed, little is likely to be left.
Another Major US Bank Exits Net-Zero Alliance
The exodus from the international banking climate coalition supported by the UN Environment Programme continues. Morgan Stanley has now also left the organization. For US Republicans, the climate alliance has become a target in debates over investments in fossil fuels.
Private Markets: Is Switzerland Just Getting Started?
Discussions around private markets have never been more prominent in Switzerland’s financial sector. At the Swiss Private Equity & Corporate Finance Association (SECA), this trend feels like validation. According to SECA President Bernd Pfister, there’s much more potential to unlock—and he has the numbers to prove it.
Christian Vasino: «AI Overwhelms Boards of Directors»
Artificial intelligence (AI) presents significant challenges for boards of directors. Companies must decide how to effectively integrate AI to keep pace with digital transformation. Christian Vasino, CEO of Chaberton Partners, explains why many boards are struggling and how his company plans to address the issue with an innovative initiative.