Rosa Sangiorgio has been appointed President of the newly launched Swiss Platform for Impact Investing, aimed at positioning Switzerland as a key player in the global impact investing arena. Managed by Swiss Sustainable Finance, the platform encourages organizations to propose and implement projects collaboratively.
A recent interest rate cut by the Swiss National Bank has positioned Zurich to potentially surpass Hong Kong as the world's most expensive city for real estate. With the key interest rate halved to 0.5 percent, home prices in Zurich are expected to rise by 3.5 percent in 2025, further increasing the financial burden on young families seeking home ownership. As prices in Zurich outpace those in major cities like New York, Paris, and London, the real estate market is poised for continued growth despite concerns over affordability.
Lombard Odier faces serious money laundering charges from the Swiss Attorney General, echoing the Credit Suisse scandal. The allegations stem from connections to Gulnara Karimova, daughter of Uzbekistan's former president, whose criminal organization funneled billions into the bank through a Russian consultant. Despite the charges, Lombard Odier claims the allegations are unfounded and plans to defend itself vigorously.
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