Christian Schüpbach has been appointed as the Head of the Market Services department at Berner Kantonalbank (BEKB), effective from the beginning of this year, and will join the Executive Board. He succeeds Mark Haller, who is leaving BEKB at the end of the year. Schüpbach, who has been with BEKB for two years as Head of Strategy & Innovation, also serves on the Board of Directors of the software subsidiary aity AG.
Christian Schüpbach has been appointed CEO of Berner Kantonalbank (BCBE) and will join the Executive Board on January 1. He will oversee the Service Management department, succeeding Mark Haller, who is departing after 27 years with the bank.
Christian Schüpbach has been appointed as the new Head of Market Services at Berner Kantonalbank (BEKB), succeeding Mark Haller, who will depart at the end of the year after nearly 27 years. Schüpbach, who joined BEKB two years ago as Head of Strategy & Innovation, has significant experience in digital banking and previously held roles at Swisscom and Credit Suisse. BEKB CEO Armin Brun highlighted Schüpbach's expertise in digital topics as crucial for the bank's future.
Binance Coin (BNB) is currently trading at $701, caught in a sideways trend between the 21-day and 50-day SMA. Resistance at $760 has prevented upward movement, while a breach of the 50-day SMA could see prices drop to $600 or $560. The altcoin is fluctuating between $660 and $740, indicating a continued range-bound trading scenario.
UBS has increased its price target for Netflix from $825 to $1,040, maintaining a "Buy" rating. Analyst John Hodulik highlighted that Netflix is poised to benefit significantly from the ongoing structural changes in the media sector, leading to higher long-term estimates for operating profit and cash flow.
The global economy in 2025 is marked by diverging trends, with the US showing resilience and growth, while Europe faces stagnation and uncertainty, particularly in the industrial sector. Switzerland's economy is expected to grow moderately at 1.3%, driven by a strong chemical and pharmaceutical industry, despite challenges from a strong franc and weak industrial demand. Political instability and delayed reforms in Europe hinder recovery, raising risks of a downward spiral in industry.
Radicant Bank, launched by Basellandschaftliche Kantonalbank (BLKB) in 2023, faces political backlash and financial challenges, prompting rumors of a potential sale to a Swiss investor group. A new initiative seeks to restrict BLKB's operations to Basel-Land, capping the CEO's salary, while a merger with Numarics complicates ownership dynamics.
Radicant Bank, launched by Basellandschaftliche Kantonalbank (BLKB) in 2023, faces political scrutiny and a potential takeover by a Swiss investor group amid a growing initiative to refocus the bank on the Basel region. With costs reaching CHF 90 million and a merger with Numarics on the horizon, the future of Radicant remains uncertain as it navigates both market challenges and political pressures.
UBS Financial Services Inc. has agreed to pay a $500,000 fine as part of a settlement with FINRA due to failures in its supervisory system from January 2017 to December 2018. The firm did not adequately assess whether its representatives recommended unsuitable short-term trades of syndicate preferred stocks, resulting in customer losses while representatives earned commissions. UBS-FS violated FINRA Rules 3110 and 2010, leading to the imposed sanctions.
UBS has downgraded Munich Re to a 'Neutral' rating, setting a target price of up to 555 euros. As of December 19, shares are trading at 503.20 euros, reflecting a decrease of 0.83% from the previous day. The stock has seen an annual high of 526.00 euros and a low of 373.70 euros.
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