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PostFinance's new chairman, Beat Röthlisberger, opposes privatization and emphasizes the need to provide loans to small and medium-sized enterprises (SMEs), citing a competitive disadvantage due to current restrictions. He advocates for a proper political discussion on financing SMEs, while also acknowledging the success of Yuh, a digital banking venture, despite its limited service offerings compared to PostFinance. The institution remains committed to maintaining over-the-counter payment services, despite their financial losses, as part of its legal mandate.
Beat Röthlisberger, the new chairman of PostFinance, opposes privatization, emphasizing the potential harm to customers and employees. He advocates for granting loans to SMEs, highlighting the need for financing options in the sector, while acknowledging the challenges posed by current regulations. Despite Yuh's success as a digital competitor, PostFinance remains committed to traditional services, even if they incur losses, and is currently undergoing a reorganization with a focus on job preservation.
Beat Röthlisberger, the new chairman of PostFinance, opposes privatization and emphasizes the need to support small and medium-sized enterprises (SMEs) by granting loans, which is currently restricted. He argues that remaining part of the Post is crucial for both customers and employees, and he calls for a proper political discussion on financing SMEs. Despite challenges, PostFinance remains committed to providing essential services, including over-the-counter payments, even if they are not profitable.
UBS could incur costs of around CHF 10 billion if it relocates abroad, with potential takeover risks looming due to higher capital requirements. Meanwhile, Credit Suisse faces significant losses from inadequate controls, totaling CHF 22 billion over 15 years. Swissquote is focusing on digital banking growth, particularly through its financial app Yuh, while Stadler Rail defends its growth strategy despite market challenges, aiming for a targeted EBIT margin of 6 to 8 percent in the medium term.
The Swiss stock market remained positive following the Swiss National Bank's decision to cut its key interest rate by 25 basis points to 0.25%. Analysts expect this to be the last cut for the year, with inflation forecasts suggesting no need for further reductions. The SMI index rose by 0.11%, led by Nestlé, while Swissquote shares fell by 7.7% despite reporting a strong fiscal performance.
The Swiss stock market remained positive as the Swiss National Bank (SNB) cut its key interest rate by 25 basis points to 0.25%, a move anticipated by analysts. The SMI index rose by 0.11%, led by Nestlé and Alcon, while Swissquote shares fell 7.7% despite reporting a strong fiscal performance. HOCN shares surged 19% amid plans to appeal a delisting decision.
Zürcher Kantonalbank's equity analysts have identified UBS, Partners Group, Swissquote, and St. Galler Kantonalbank as top picks for 2025, highlighting their diverse business models and favorable risk-opportunity profiles. UBS's integration of Credit Suisse is expected to yield long-term benefits, while Partners Group is poised for significant growth in private markets. Swissquote aims to triple its market share, and SGKB, despite challenges from interest rate trends, is well-positioned to navigate the evolving banking landscape.
Swiss banks are facing increased spreads in capital markets, with cantonal banks experiencing rises of 40-50 basis points. The implementation of Basel III Final in 2025 is expected to benefit certain banks like BCV, while UBS's capital adequacy discussions could impact the broader sector. Analysts favor UBS, Partners Group, Swissquote, and SGKB for their growth potential amid changing interest rates and regulatory landscapes.
Savings account interest rates in Switzerland are declining, with the average rate for Swiss franc accounts dropping to 0.35% in January from 0.5% at the end of 2024. Notably, Caisse d'Epargne d'Aubonne offers 1% on its 'Compte épargne plus', while Spar- und Leihkasse Frutigen provides 0.9% on its 12-month account. Euro and US dollar accounts yield slightly higher rates, averaging 0.7% and 1.25%, respectively.
A long-time UBS client faced severe scrutiny after making small crypto transactions, leading to a three-week account freeze and an interrogation-like experience. Feeling treated as a criminal, the client ultimately closed the account and moved assets to Swissquote, which welcomed him without issue. UBS maintains that its stringent criteria are in place to protect customers.
Swissquote Group Holding Ltd
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
postfinance chairman opposes privatization seeks to support small businesses
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PostFinance chairman opposes privatization and seeks to finance small businesses
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postfinance chairman opposes privatization and seeks to support small businesses
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swiss banks face challenges from interest rate changes and new regulations
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savings account interest rates decline with few banks offering higher returns
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12:55 22.01.2025
ubs freezes account of long-time client over crypto transactions
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