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postfinance delays cfo succession interim head appointed until new hire

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.
finews.ch
United States Dollar PostFinance Fonds 3 SIC AG CHE Kurt Fuchs Marc Bonfils
Finance & Economy, News Article
13:56 20.12.2024

parliamentary commission proposes reforms for swiss financial oversight and crisis management

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.
finews.ch
CHE
Regulatory & Legal, News Article
13:53 20.12.2024

parliamentary committee recommends reforms for swiss banking oversight and stability

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.
finews.com
CHE
Regulatory & Legal, Market Report
13:53 20.12.2024

Systemic failure highlighted in Credit Suisse report by Swiss councillors

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.
Die Weltwoche
Credit Suisse Real Estate Fund Siat CHE
Finance & Economy, Transcript
13:51 20.12.2024

promising altcoins to watch for significant gains in the coming months

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.
Coinchapter
Uniswap KRW
Finance & Economy, Market Report
13:51 20.12.2024

Novartis to close MorphoSys sites amid delays in pelabresib development

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.
thepharmaletter.com
Euro Novartis AG MorphoSys AG USA DEU
Healthcare, News Article
13:50 20.12.2024

credit suisse inquiry highlights management failures and regulatory shortcomings

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.
economiesuisse
Credit Suisse Real Estate Fund Siat CHE
Finance & Economy, Press Release
13:50 20.12.2024

bitcoin could rise to 500000 in current bull run says analyst

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.
dailyhodl.com
Finance & Economy, Social Media Post
13:45 20.12.2024

Nestlé Ukraine projects continued growth amid challenging economic conditions

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.
open4business.com.ua
Nestlé S.A. UKR Alessandro Zanelli Show more
Finance & Economy, Market Report
13:45 20.12.2024

dogecoin struggles as dtx exchange surges amid bearish market forecasts

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.
crypto.news
Finance & Economy, Market Report
13:44 20.12.2024
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