Postfinance is facing challenges in finding a successor for departing CFO Kurt Fuchs, who will leave at the end of February 2025. Until a new CFO is appointed, Marc Bonfils, currently Head of Treasury and Deputy CFO since 2008, will serve in an interim capacity starting in March. The bank plans to announce Fuchs' permanent successor in the first half of 2025.
The Parliamentary Investigation Committee has issued 20 recommendations to the Federal Council, highlighting the need for improved enforcement and legislative measures regarding the "Too Big to Fail" (TBTF) framework, particularly for globally active banks. Key proposals include enhancing coordination among financial authorities, increasing transparency in bank inspections, and strengthening the enforcement powers of the Swiss Financial Market Supervisory Authority (Finma). The Federal Council is expected to respond to these recommendations in the Spring 2025 session.
The Parliamentary Commission of Inquiry has made 20 recommendations to the Federal Council, highlighting the need for improved enforcement and legislative measures regarding "too big to fail" legislation and audit supervision. It emphasizes the importance of enhancing coordination among authorities and increasing transparency in inspection processes, particularly for systemically important banks. The report also calls for strengthening FINMA's enforcement powers and proposes a parliamentary initiative to amend relevant provisions of the Parliament Act.
SP National Councillor Nordmann and SVP National Councillor Matter have commented on the PUK report regarding the Credit Suisse debacle, labeling it a "systemic failure." Their statements highlight significant concerns about the oversight and management failures that contributed to the crisis.
Rexas Finance (RXS) is emerging as a leading player in asset tokenization, raising over $28 million in its presale and poised for a successful exchange listing in 2025. Alongside promising altcoins like Avalanche (AVAX), Bonk, Uniswap (UNI), and Toncoin (TON), investors have a unique opportunity to capitalize on significant growth potential in the next five months. Each token offers distinct features and strong market prospects, making them attractive options for those looking to enhance their crypto portfolios.
Novartis will close two MorphoSys sites in Munich and Boston by the end of 2025, following delays in the development of pelabresib. The Swiss pharmaceutical company acquired MorphoSys for €2.7 billion ($2.9 billion) earlier this year, focusing on innovative oncology treatments.
The Parliamentary Commission of Inquiry's report highlights Credit Suisse's management failures and regulatory shortcomings by FINMA, emphasizing the need for efficient cooperation among authorities. It stresses that the banking sector remains robust, and regulatory overreach could harm Switzerland's financial competitiveness. Ensuring UBS's international competitiveness is vital for the economy, as it supports the export industry.
Trader Michaël van de Poppe believes Bitcoin could surge over 400% to reach $500,000 in the current cycle, despite recent dips below $100,000. He notes that while Bitcoin may have hit a near-term peak, altcoins are poised for significant gains as market conditions evolve. The crypto bull market is expected to continue, offering surprises and higher returns for patient investors.
Nestlé in Ukraine increased production by 10% in 2024, with plans for similar growth in 2025, despite ongoing challenges from the war. CEO Alessandro Zanelli highlighted the resilience of the Ukrainian economy, stable inflation, and the company's strategy focused on sustainability and adaptability. The new plant in Volyn, set to launch in January 2025, aims to create a food production center for significant exports, reinforcing Nestlé's commitment to investing in Ukraine during these challenging times.
Dogecoin's recent gains have been overshadowed by bearish forecasts from the FED, with its price consolidating between $0.35 and $0.47 after a significant rally. Meanwhile, the DTX Exchange is experiencing a 33% surge in its presale, attracting DOGE investors with its robust security and decentralized trading platform. Analysts suggest that while DOGE faces short-term risks, its long-term outlook remains positive, with potential for growth in 2025.
Trending
Subcategory:
Countries:
Companies:
Currencies:
People:

Machinary offers a groundbreaking, modular, and customizable solution that provides advanced financial news and statistical analysis. Our platform goes beyond traditional quantitative analysis, offering users a comprehensive understanding of real-time market dynamics, event detection, and risk analysis.

Address

Waitlist

We’re granting exclusive early access to the first 500 users from december 20.

© 2024 by Machinary.com - Version: 1.0.0.0. All rights reserved

Layout

Color mode

Theme mode

Layout settings