{
}
Thomas Nussbaumer, an IT and information security expert at Raiffeisen Vorarlberg, discusses the increasing threat of cyber attacks on finances and outlines the measures the bank takes to safeguard its customers" money. The insights were shared during a Raiffeisen LIVE event on November 5, 2024.
Ultra-Brag, a Basel-based logistics company, navigates a challenging environment shaped by energy shifts and geopolitical factors, relying on Raiffeisen leasing solutions for financing. CEO Thomas Knopf emphasizes the importance of long-term banking partnerships and flexible financing to support capital-intensive operations, while Raiffeisen"s Philippe Obrist highlights the significance of preserving liquidity for essential business needs.
Raiffeisen banks from Upper Austria, Lower Austria-Vienna, and Styria have acquired a majority stake in CommunalAudit GmbH, a consultancy focused on aiding Austrian municipalities. This partnership aims to tackle municipal challenges like energy supply and infrastructure while enhancing community attractiveness for residents and businesses. Pilot projects have already identified significant synergy potential through collaboration with local leaders, addressing issues such as land development and sustainable tourism.
Donald Trump"s re-election reflects a troubling acceptance of his divisive rhetoric and dishonesty, largely driven by economic concerns like inflation, which has risen 21% since Biden"s election. Many voters, particularly from lower-income groups, view immigration as competition for jobs, making Trump"s promises appealing. The Democrats" focus on Trump"s character has proven ineffective, as they appear disconnected from the everyday struggles of the electorate, leading to a protest vote against perceived elite arrogance.
Peter Spuhler has initiated debt enforcement proceedings against Pierin Vincenz, the former Raiffeisen boss, over a CHF 6.4 million loan for a luxury villa in Teufen. Vincenz has not paid interest since late 2022, prompting Spuhler to pursue a forced sale of the property, which has been on the market since summer 2022 without any buyers. The liquidation process could begin as early as December, with a potential sale completed by early 2025.
Raiffeisen has acquired a 25.1 percent stake in the online platform Leadersnet, purchasing shares from the previous owners. The largest share remains with founder and CEO Paul Leitenmüller, ensuring his continued leadership in the company.
The Zurich Supreme Court ruled that prosecutors in the Pierin Vincenz case were not biased, rejecting defense appeals for disqualification. Vincenz, former Raiffeisen boss, was previously sentenced for disloyal management and breach of trust, with the Supreme Court ordering improvements to the flawed indictment before a new trial.
The US economy is experiencing robust growth, while the eurozone is lagging with a projected GDP increase of just 1% next year. Spain stands out with an expected growth of 2.8%, driven by a resurgence in tourism and strong service sector performance, contrasting with the slower recovery in Germany, France, and Italy. High immigration and EU aid further enhance Spain"s economic prospects.
Homeownership offers a long-term return of 7.2% annually, comparable to equity portfolios but with lower risk and volatility, according to Raiffeisen"s analysis. The illiquidity of real estate encourages long-term investment discipline, making it psychologically easier for families compared to financial market investments.
Home ownership has regained attractiveness due to recent interest rate cuts, offering buyers a price advantage of 10 to 16 percent compared to renting. Future savings could reach 25 percent, with home ownership expected to yield returns comparable to equity investments, promoting long-term financial thinking among owners. However, rising real estate prices may limit access for potential buyers.
Raiffeisen
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ecuring your finances insights on banking security and cyber threats
01:38 18.11.2024
logistics company ultra-brag navigates financing challenges in changing market landscape
00:01 18.11.2024
Raiffeisen banks invest in CommunalAudit to enhance municipal development in Austria
Ramsauer & Stürmer Consulting GmbH
CommunalAudit GmbH
Raiffeisen
AUT
Ramsauer & Stürmer Consulting GmbH
Show more
07:08 15.11.2024
trump"s election reflects economic concerns over moral values in america
United States Dollar
Raiffeisen
JPMorgan Chase & Co.
CHN
USA
Donald Trump
Bertold Brecht
Fredy Hasenmaile
Mike Pence
Joe Biden
Markus Brunnermeier
Show more
10:26 14.11.2024
dispute over luxury villa leads to foreclosure proceedings against pierin vincenz
14:12 13.11.2024
Raiffeisen acquires minority stake in Leadersnet online platform
13:10 12.11.2024
zurich court rules prosecutors unbiased in pierin vincenz case
14:08 08.11.2024
us economy outpaces europe while spain shows strong growth potential
16:20 07.11.2024
homeownership offers comparable returns to stocks with lower risk and volatility
10:15 07.11.2024
home ownership regains appeal as renting costs rise again
09:00 07.11.2024
Trending
Subcategory
Industry Trends
Startups & Entrepreneurship
Corporate News
Supply Chain Management
Private Equity Deals
Retail and Consumer Goods
Global Trade Developments
Industry Mergers & Acquisitions
Government Economic Policies
CEO Changes
Workplace Trends
Stock Market Updates
Corporate Social Responsibility
Consumer Protection Regulations
Emerging Startups
Fintech Startups
Energy Sector Developments
Venture Capital Investments
Funding Rounds & Investments
Finance Mergers & Acquisitions
Countries:
Companies:
Apple Inc.
NVIDIA Corporation
Google Inc.
Amazon.com, Inc.
Tesla, Inc.
JD.com, Inc.
Toyota Motor Corp
Honda Motor Co., Ltd.
Microsoft Corporation
The Goldman Sachs Group, Inc.
Samsung Securities Co.,Ltd.
Meituan
XIAOMI-W
Tesmec S.p.A.
TENCENT
Emirates NBD Bank PJSC
Orange S.A.
Boeing Co
Salesforce, Inc.
Garuda Aerospace Ltd.
Currencies:
United States Dollar
Chinese Yuan
Indian Rupee
Euro
Japanese Yen
British Pound Sterling
Saudi Riyal
Offshore Chinese Yuan
Indonesian Rupiah
Vietnamese Đồng
South Korean Won
Nigerian Naira
Nicaraguan Córdoba
New Taiwan Dollar
Qatari Riyal
Mexican Peso
Pakistani Rupee
Malaysian Ringgit
Singapore Dollar
Macanese Pataca
People:
Donald Trump
Mark Zuckerberg
Tim Cook
Haider Ali Khan
Ayman Hamdan
Bisrat Degefa
Xi Jinping
Jensen Huang
Piyush Anchliya
Stiven Muccioli
Tamim bin Hamad Al Thani
Pandu Sjahrir
Prabowo Subianto
Ray Dalio
Changpeng Zhao
Prashant Joshi
Amal El Fallah Seghrouchni
Ahmed Hamdan
He Xiaopeng
Abdel Fattah El-Sisi