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ubs faces trial for money laundering following credit suisse takeover
UBS is currently on trial for aggravated money laundering at the Swiss Federal Criminal Court, following its takeover of Credit Suisse. This marks a rare public trial for a major Swiss bank, with UBS facing a potential fine of up to CHF 5 million and compensatory claims totaling CHF 41 million linked to illicit gains from the Bulgarian mafia. The court rejected UBS's attempt to dismiss the proceedings, emphasizing that the merger did not extinguish Credit Suisse's legal liabilities.
rts.ch
Swiss Franc Credit Suisse Anlagestiftung UBS SA CHE Evelin Banev Katia Villard
TradFi, News Article
09:00 01.10.2024
swiss national bank president highlights high geopolitical risks and subdued growth
Martin Schlegel, the newly appointed president of the Swiss National Bank, highlighted the high geopolitical risks during his first public appearance in Ticino. He anticipates subdued economic growth, projecting a GDP increase of only 1 percent for the year, which is below the long-term average. The visit has brought great pride to the canton, as noted by Christian Vitta, head of the Ticino Department of Finance and Economy.
Corriere del Ticino
United States Dollar Swiss National Bank CHE Martin Schlegel Christian Vitta
TradFi, News Article
09:00 01.10.2024
BancaStato Board of Directors sees two new appointments
BancaStato has announced a change in its Board of Directors, with Marialuisa Parodi Aostalli and Marco Passalia taking over from Raoul Paglia and Giovanni Jelmini, whose terms have expired. This transition reflects the bank's ongoing governance updates.
agefi.com
Bancastato ESG Vita 10 SUB-FUND CHE Marco Passalia Marialuisa Parodi Aostalli Giovanni Jelmini Raoul Paglia Show more
TradFi, Press Release
09:00 01.10.2024
new snb president highlights high geopolitical risks and subdued growth outlook
Martin Schlegel, the newly appointed president of the Swiss National Bank (SNB), highlighted significant geopolitical risks during his first public appearance in Ticino. He projected subdued economic growth, estimating a GDP increase of just 1 percent for the year, which falls below the long-term average. The visit was met with pride from local officials, including Christian Vitta, head of the Ticino Department of Finance and Economy.
blue News
United States Dollar Swiss National Bank CHE Martin Schlegel Christian Vitta
TradFi, News Article
09:00 01.10.2024
eurozone inflation drops to 1.8 percent as energy prices decline
Inflation in the eurozone dropped from 2.2% to 1.8% in September, primarily due to a significant 6% decrease in energy prices compared to last year. The core inflation rate is expected to decline slightly to 2.7%. However, service prices remain a concern, rising 4% year-on-year, indicating potential challenges ahead as energy price effects diminish in November. The European Central Bank is likely to cut interest rates at its October meeting in response to the falling inflation and a deteriorating economic outlook.
Moneycab
Euro European Central Bank VP Bank AG Eurostat Thomas Kitzel Christine Lagarde Show more
TradFi, Market Report
09:00 01.10.2024
vpbank and lotte cf launch innovative financial services for customers in vietnam
VPBank and Lotte C&F Vietnam have signed a Memorandum of Understanding to enhance financial services for Lotte customers, focusing on "Buy Now, Pay Later" products. This partnership aims to create innovative financial solutions, including co-branded cards and digital payment options, while expanding VPBank's reach among foreign direct investment clients in Vietnam.
Vietnam Prosperity Joint Stock Commercial Bank (VPBank) and Lotte C&F Vietnam have joined forces to optimize resources, promote sustainable growth, and deliver flexible and economical financial solutions to Lotte customers through "Buy Now, Pay Later" (BNPL) products.
South Korean Won Japanese Yen VPBank International Finance Corporation Corp. Lotte Financial Corporation Lotte Capital Lotte C&F JPN KOR VNM Kamijo Hiroki Shigemitsu Satoshi Show more
TradFi, Press Release
09:00 01.10.2024
sustainable investment options and competitive interest rates with willbe app
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.
Handelsblatt Erfahrungsportal
Euro Swiss Franc United States Dollar Trade Republic UG UmweltBank AG Freedom24 Liechtensteinische Landesbank Aktiengesellschaft LIE Show more
TradFi, Market Report
09:00 01.10.2024
petra kalt departs zuger kantonalbank after significant contributions to wealth management
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.
finews.ch
Zuger Kantonalbank CHE Petra Kalt
TradFi, News Article
09:00 01.10.2024
Petra Kalt departs Zuger Kantonalbank after years of leadership and service
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.
Tippinpoint.ch
Swiss Franc Zuger Kantonalbank CHE Petra Kalt
TradFi, Press Release
09:00 01.10.2024
executive board member petra kalt departs from zgkb bank
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.
finanzen.ch
Swiss Franc ZGKB CHE Petra Kalt
TradFi, News Article
09:00 01.10.2024
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