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Lawyer Demands Accountability Over AHV Fund Management Shift to State Street
Albert Rüetschi, a lawyer from Aargau, is pressuring the Swiss government to reverse the decision that transferred AHV assets from UBS to the US-based State Street, arguing it jeopardizes the safety of Swiss pension funds. He demands that the management of these assets return to a Swiss institution by January 2025, suggesting taxpayer-dominated cantonal banks as custodians instead. Compenswiss defends its choice, claiming the risk of US authorities freezing assets is low and that the savings from the switch are significant.
insideparadeplatz.ch
United States Dollar The Goldman Sachs Group, Inc. State Street Corporation Morgan Stanley UWS JP Morgan EM A OSB USA Show more
Finance & Economy, News Article
07:59 18.12.2024
lawyer demands accountability over ahv fund management shift to state street
Aargau lawyer Albert Rüetschi is demanding accountability from the state government over the decision to transfer AHV assets from UBS to the US firm State Street, arguing it jeopardizes Swiss independence and safety. He insists that the management of pension assets must return to Swiss institutions by January 2025, proposing taxpayer-dominated cantonal banks as custodians. Rüetschi threatens the dismissal of Compenswiss's Board of Directors for what he deems irresponsible behavior regarding the management of Swiss pension funds.
insideparadeplatz.ch
United States Dollar State Street Corporation UWS JP Morgan EM A OSB Morgan Stanley The Goldman Sachs Group, Inc. USA Show more
Regulatory & Legal, News Article
07:59 18.12.2024
grisons cantonal bank elects new chairman to lead banking services
Graubuendner Kantonalbank, based in Switzerland, provides a range of banking products and services to retail, corporate, and institutional clients. Its operations are divided into four main divisions: private, corporate, private banking, and youth, offering services such as accounts, financial consulting, asset management, and online banking.
Zonebourse
Swiss Franc Graubündner Kantonalbank CHE
Finance & Economy, Market Report
07:57 18.12.2024
lars windhorst faces turmoil after shipyard bankruptcy and financial scandals
Lars Windhorst, once hailed as a "wunderkind" of German business, is facing turmoil after the bankruptcy of his Flensburg shipyards, leaving workers anxious about their wages. The Financial Times highlights his tumultuous career, marked by scandals and financial mismanagement, questioning the fate of substantial investment funds linked to him. As scrutiny intensifies, Windhorst has retreated to Switzerland, where he continues to navigate a storm of controversy.
insideparadeplatz.ch
Falcon Private Bank AG DNK DEU CHE Nadja Schildknecht Urs Rohner Lars Windhorst Bill Gates Show more
Finance & Economy, News Article
07:54 18.12.2024
UBS Shares Experience Modest Decline Amid Analyst Recommendations and Valuations
UBS shares have seen a modest decline, currently priced at EUR 30.04, down 0.48% from the previous day and 1.57% over the month, though up 12.44% year-on-year. The bank maintains a "buy" rating for JENOPTIK with a target of 29 euros and for Vinci at 132 euros, indicating potential for investors. Recent analysis suggests UBS shareholders should consider their options carefully.
Börse Express
Euro Vinci SA Jenoptik AG CHE
Finance & Economy, Market Report
07:54 18.12.2024
Heinz Huber Appointed Chairman of Graubündner Kantonalbank After Raiffeisen Tenure
Heinz Huber, CEO of Raiffeisen Switzerland since January 2019, will step down at the end of the year to become Chairman of the Board of Directors at Graubündner Kantonalbank in July 2025, succeeding Peter Fanconi. Huber's tenure saw significant growth for Raiffeisen, despite recent turbulence, including the departure of COO Uwe Krakau following a failed app launch. Christian Poerschke will serve as interim CEO while a succession plan is underway.
Tippinpoint.ch
Graubündner Kantonalbank Thurgauer Kantonalbank CHE Thomas Müller Heinz Huber Beat Schmid Uwe Krakau Peter Fanconi Christian Poerschke Show more
Finance & Economy, News Article
07:51 18.12.2024
Raiffeisen Switzerland CEO Heinz Huber to Step Down in 2025
Heinz Huber is stepping down as CEO of Raiffeisen Switzerland after nearly six years, with plans to become Chairman of Graubündner Kantonalbank in July 2025. Christian Poerschke, currently Head of the Finance and Services Department, will serve as interim CEO starting January 1, 2025. The Board of Directors has begun the succession process.
MarketScreener
Swiss Franc Graubündner Kantonalbank CHE Thomas Müller Heinz Huber Christian Poerschke Show more
Finance & Economy, Press Release
07:51 18.12.2024
ubs group acquires significant stake in chalice mining limited
UBS Group AG has acquired a 5.13% voting stake in Chalice Mining Limited, marking a significant investment in the company. This substantial holding is expected to influence Chalice Mining's strategic direction and is likely to attract attention from financial markets regarding its impact on share prices and corporate governance.
TipRanks Financial
Chalice Mining Limited UBS Group AG AUS
Finance & Economy, Market Report
07:47 18.12.2024
Dogecoin and Shiba Inu poised for gains as Lunex Network rises
Dogecoin (DOGE) is poised for a breakout after a month-long consolidation, with predictions of reaching a new all-time high of $1. Shiba Inu (SHIB) has formed a bullish cup and handle pattern, targeting $0.000472905, while Lunex Network (LNEX) has surged 283% and is expected to hit $0.50, driven by its innovative trading model and high yield staking program.
TheCryptoUpdates
Finance & Economy, Market Report
07:45 18.12.2024
Mingo launches innovative NFT ticketing system to transform global ticketing industry
MINGO, a digital wallet on the Hedera Hashgraph network, is revolutionizing the ticketing industry with its NFT-based Programmable Digital Ticketing (PDT) system, addressing fraud, scalping, and resale inefficiencies. The platform, trusted by major organizations like the World Boxing Council and Comic-Con Ireland, offers secure, tamper-proof tickets and additional revenue opportunities for event organizers while enhancing fan experiences with exclusive perks and collectible digital memories. MINGO's native token, $MINGO, will launch on Coinstore on December 18th, furthering its mission to drive Web3 adoption.
CryptoPotato
Hedera USD VCT Joe Arthur Tyson Fury
Technology & Innovation, Press Release
07:44 18.12.2024
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