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The mortgage market is tightening as banks become more cautious in granting residential construction loans, influenced by the loss of Credit Suisse and new Basel III capital requirements. Experts note that capital scarcity is leading to higher margins for customers, while alternative mortgage providers are currently absent from the market. The situation is expected to persist, with many brokers having reduced operations or closed down entirely.
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.
Swiss private bank Maerki Baumann has launched a new division, Entrepreneur Banking, aimed at entrepreneurs and led by former UBS executive Sascha Näf. This division will provide advisory services on wealth structuring, corporate, retirement, and private wealth management, along with a 1e pension solution for companies. Additionally, it offers investment strategies that include cryptocurrency allocations, positioning the bank as a pioneer in integrating traditional banking with digital assets.
Maerki Baumann, a Zurich-based private bank, has launched a new division called "Entrepreneur Banking," led by former UBS executive Sascha Näf. This division focuses on advising entrepreneurs on asset structuring, including corporate, pension, and private assets, while also offering an innovative 1e pension solution. The bank has also introduced investment strategies that include allocations to cryptocurrency, positioning itself as a pioneer among Swiss banks in blending traditional finance with digital assets.
Lienhardt & Partner has expanded its private banking presence in Bern by hiring Prusho Ponniah, a former banker at Credit Suisse and J.P. Morgan. The bank, which operates as a hybrid of private banking and real estate, aims for organic growth in the region, leveraging Ponniah's extensive local network. CEO Duri Prader noted that the bank's revenues grew significantly in the first half of the year, reflecting a strong performance across all business areas.
Lienhardt & Partner has expanded its private banking presence in Bern by hiring Prusho Ponniah, a former banker at Credit Suisse and J.P. Morgan. The bank, which operates as a hybrid of private banking and real estate, aims for organic growth in the region, leveraging Ponniah's extensive local network. Under CEO Duri Prader, Lienhardt & Partner reported a nearly 40% increase in half-year profits, reflecting strong growth across all business areas.
Swiss banks have largely missed the cryptocurrency boom, with many institutions hesitant to embrace Bitcoin and other digital assets. While some cantonal banks and Postfinance offer direct purchases, most banks, including UBS and Pictet, remain skeptical, relegating crypto to indirect investments like ETFs. Despite a significant interest among Swiss investors, particularly the younger demographic, many still prefer to buy cryptocurrencies from foreign platforms.
Swiss banks are largely missing out on the cryptocurrency trend, despite a significant portion of the population investing in Bitcoin and Ethereum. While some cantonal banks and Postfinance offer direct purchases, major institutions like UBS and Pictet remain skeptical, limiting their involvement to ETFs. This cautious approach contrasts with the growing interest among younger investors, who often turn to foreign platforms for their crypto transactions.
Julius Baer has strengthened its client advisory team in St. Gallen, Eastern Switzerland, by hiring four new advisors. Selami Oezkan and Joshua Braun will join on February 1, 2025, bringing extensive experience from UBS and VZ Vermögenszentrum, respectively. Thierry Dobler and Elia Schärer have already started, enhancing the bank"s regional presence and client support.
Andreas Akermann advises investors to prioritize low-cost products like ETFs and index funds for pillar 3a savings, emphasizing the importance of scrutinizing fees and performance. With over 200 options available, understanding the complex fee structures is crucial, as costs can significantly impact long-term returns. Recent trends show a shift towards cheaper investment products, but the variety can overwhelm customers, making informed choices essential for maximizing retirement savings.
VZ Vermögenszentrum AG
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
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