Willbe, an investment app launched by Liechtensteinische Landesbank, offers sustainable investment options with attractive interest rates: 3.30% for euro deposits up to €50,000. While deposits are protected up to 100,000 Swiss francs, investors must declare interest income in their tax returns. Alternatives like Trade Republic and Freedom24 provide competitive rates and features, appealing to savers seeking flexibility and sustainability.
Petra Kalt, a member of the Executive Board and Head of Wealth Management at Zuger Kantonalbank, is leaving the bank to pursue new opportunities. Her departure, effective by mutual agreement, follows 15 years in various management roles, including the establishment of the bank's Wealth Management division. The bank has not disclosed information regarding her successor.
Petra Kalt is leaving Zuger Kantonalbank, where she served as Head of Wealth Management and was a member of the Executive Board. After joining in 2009, she held various leadership roles, significantly contributing to the bank's income growth. Kalt expressed gratitude for her time at the bank but did not disclose her future plans.
Petra Kalt, the former Head of Wealth Management at ZGKB, is leaving the bank by mutual agreement and at her own request. She has been with ZGKB since 2009, joining the Executive Board in 2013 and leading the Wealth Management department since 2015. No successor has been announced.
This week’s trade recommendation is to go long on the Volatility Index (VIX), with a stop loss set below the August low at 15.25 and an upside target above 30.00. Recent trading outcomes include a successful long position in New York sugar futures, which saw significant gains. With upcoming Federal Reserve speeches and non-farm payroll data, market volatility is expected to rise, particularly in this presidential election year.
IG
EFG International has expanded its team by recruiting four client advisors from Banque Havilland, following the latter's unexpected decision to cease operations in Liechtenstein and Switzerland. The new hires, including Metin Emer, Matthias Delvavier, Daniel Gunsch, and Raphaela Dietsche, will report to EFG Bank von Ernst's CEO, Tobias Wehrli. Despite the recruitment, it remains uncertain if an asset deal will occur, as EFG International has not commented on the matter.
Martin Schlegel, the newly appointed president of the Swiss National Bank, addressed high geopolitical risks during his first speech in Bellinzona. He indicated that the bank anticipates subdued economic growth, projecting a GDP increase of only 1 percent for the year, which is below the long-term average. The visit to Ticino was met with pride from local officials, highlighting the significance of his new role.
UBS suggests the U.S. economy is nearing a "Roaring '20s" revival, with a 50% chance of a booming cycle driven by strong GDP growth and manageable inflation. Despite concerns over rising unemployment and geopolitical risks, recent economic indicators support a positive outlook for the coming years.
Martin Schlegel, the new President of the Swiss National Bank (SNB), made his inaugural public appearance in Ticino, delivering a speech in Bellinzona. He highlighted significant geopolitical risks and projected moderate economic growth, with an expected GDP increase of 1% this year, below the long-term average. Christian Vitta, head of the Ticino Department of Finance and Economy, expressed the canton’s pride in hosting the SNB leader.
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