Martin Schlegel takes over as chairman of the Swiss National Bank amid scrutiny over its handling of the Credit Suisse crisis. With a parliamentary investigation pending, Schlegel aims to maintain a focus on price stability while addressing regulatory reforms for UBS. Analysts expect continuity in monetary policy from Schlegel, who has defended the SNB's actions during the turmoil.
09:00 30.09.2024
UBS Group AG has retained less than half of Credit Suisse’s bankers in Germany following their merger, highlighting significant job losses. The reductions stem from a combination of cuts, early retirements, and voluntary departures, affecting a workforce that numbered 163 at the end of 2021.
09:00 30.09.2024
UBS La Maison de Gestion has appointed Philippe Pendariès-Issaurat as ESG specialist, tasked with developing and overseeing the ESG strategy for the UBS Group in France. He will collaborate with David Zylberberg on regulatory compliance, sustainability risk control, and the sustainable investment committee. Pendariès-Issaurat joined UBS in July 2022 after starting his career at Oddo BHF Asset Management in 2020.
09:00 30.09.2024
Investors are advised to reduce their exposure to the US dollar as it is expected to weaken further due to narrowing interest rate advantages and concerns over the fiscal deficit. Recommended strategies include hedging dollar assets and diversifying into currencies like the euro, British pound, and Australian dollar, as well as allocating up to 5% to gold.
09:00 30.09.2024
Petra Kalt, the Head of Wealth Management at Zuger Kantonalbank, is leaving the bank by mutual agreement. She joined the bank in 2009, became part of the executive board in 2013, and took over the Wealth Management division in 2015. The bank has not disclosed her successor.
09:00 30.09.2024
Glarner Kantonalbank recently awarded the Glarus Sustainability Award 2024 to Circus Mugg, highlighting its commitment to sustainability. Despite this positive development, the bank's share price remains stable at EUR 22.30, with a market capitalization of EUR 301.1 million and a P/E ratio of 10.45. The bank is also set to install photovoltaic systems to enhance its renewable energy efforts, maintaining an attractive dividend yield of 5.09% for investors.
09:00 30.09.2024
Petra Kalt, the Head of Wealth Management at Zuger Kantonalbank, is leaving the bank "at her own request and by mutual agreement." She joined the bank in 2009, became part of the executive board in 2013, and took over the Wealth Management division in 2015. The bank has not disclosed details regarding her successor.
09:00 30.09.2024
In September 2024, several firms announced key hires and promotions. Stephen Prostor joined Axos Bank as head of portfolio management, while Nanette Heide and Lisa Perri joined Troutman Pepper and Nixon Peabody, respectively, to enhance their corporate practices. Other notable appointments include Brian Kaiser at Centri Business Consulting, Adam Gross at FalconPoint Partners, and Banee Pachuca at Winston & Strawn, among others, reflecting a strong focus on private equity and M&A across various sectors.
09:00 30.09.2024
Meta Platforms, the largest social media company, has experienced significant volatility in its share price following earnings announcements from Q1 2022 to Q1 2024. Immediate reactions have varied widely, with a notable 20% increase in Q2 2022 and a 20% drop in Q2 2023. Over the following weeks and months, share price adjustments have moderated, reflecting investor sentiment and broader market conditions, highlighting the importance of understanding these trends for investment strategies.
IG
09:00 30.09.2024
The AUD/USD surged to 0.6900, marking a 1.38% weekly gain and its highest close in 20 months, driven by a dovish pivot from Chinese authorities and a recent U.S. Federal Reserve rate cut. Retail sales data due on October 1 is anticipated to show a 0.40% rise, influenced by government rebates and spending for Father's Day. The pair is consolidating just below its year-to-date high, with potential resistance at 0.7000.
IG
07:53 30.09.2024
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