Novavest Real Estate's largest shareholder, holding a 15.24% stake, is pushing for the removal of three board members due to unsatisfactory share price performance and a loss of confidence in management. Proposed replacements include experienced figures from the financial and real estate sectors, aiming to enhance corporate governance and protect shareholder interests. The board is currently reviewing the demand and will respond accordingly.
Poinz has been recognized as the best credit card with a bonus system, surpassing major competitors. UBS's Mastercard Platinum topped the annual fee category, while Poinz excelled in no annual fee and loyalty programs. Cornèrcard Gold was voted best for international use, and Aargauische Kantonalbank led in prepaid cards.
Ethos has expanded its shareholder dialogue by adding four cantonal banks: Aargauische Kantonalbank, Banque Cantonale Vaudoise, Berner Kantonalbank, and Graubündner Kantonalbank, bringing the total to eight banks and asset managers engaged in active shareholder engagement. This initiative aligns with the Swiss Stewardship Code principles established in 2023. Ethos has been facilitating communication on ESG issues since 2004 through its Ethos Engagement Pool, which now includes 189 members with over CHF 375 billion in investments.
The Swiss National Bank's recent key interest rate cut has led to a significant decline in savings account interest rates, with many banks now offering as low as 0.2%. This trend is expected to continue, as further rate cuts may be necessary to maintain price stability, leaving savers with diminishing returns on their deposits.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
