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This week marks a pivotal moment for major Swiss banks, with Julius Bär, UBS, and Vontobel set to release their annual financial statements. Julius Bär aims to recover from past turmoil under new CEO Stefan Bollinger, while UBS is on track to meet its ambitious integration goals with Credit Suisse. Vontobel faces challenges in retaining institutional clients despite strong financial results and a cost-cutting initiative.
UBS, Julius Baer, and Bank Vontobel are set to release their annual financial results this week, with heightened scrutiny on their 2024 figures. Julius Baer aims for a turnaround under new CEO Stefan Bollinger after a challenging period, while UBS is ahead in integrating Credit Suisse and expects strong results. Vontobel faces ongoing challenges with institutional client outflows despite solid financials and a cost-cutting initiative.
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.
The Swiss National Bank reported an impressive profit of CHF 80 billion last year, with CHF 3 billion allocated to the federal and cantonal coffers. Meanwhile, luxury brand Hermès is selling exclusive skis for CHF 15,600, reflecting the stark contrast between the banking sector's bonuses and the struggles of ordinary citizens facing high interest rates and rising rents. As UBS CEO Sergio Ermotti could earn CHF 20 million in 2024, the disparity between wealth and everyday challenges continues to grow.
Swiss Finance & Property has expanded its Client Relationship Management team in Zurich, adding six new members, including Hans Bodmer and Daniel Kuenzi, to enhance services for institutional clients and ultra high net worth individuals. The firm aims to achieve ambitious net new money targets for 2025 through a clear segmentation by client groups and geographical focus. Patrick Sege, who joined from Vontobel, leads the initiative.
Vontobel has successfully completed the acquisition of IHAG Privatbank's client book, valued at approximately CHF 3 billion, as part of its strategy to expand in the DACH region. The integration of IHAG's clients into Vontobel's Private Clients segment is underway, with the transaction positively impacting the group's results from the outset. Founded in 1949, IHAG has faced operational and reputational challenges in recent years, leading to multiple reorganizations.
Vontobel has successfully completed its acquisition of IHAG Private Bank's client book, valued at approximately CHF 3 billion, enhancing its presence in the DACH region. The integration of IHAG’s clients into Vontobel’s Private Clients division is underway, with the transaction positively impacting the group's results from day one. Founded in 1949, IHAG has faced operational challenges in recent years, leading to multiple reorganizations.
Chainlink's price has recently dropped to $20.25, a 35% decline from its peak this year, amid a broader cryptocurrency market downturn. Despite this, analyst Michael van de Poppe predicts a rebound in 2025, citing Chainlink's ongoing role in decentralized finance and its recent partnerships, including a $2 million LINK token purchase by Donald Trump’s World Liberty Financial. The price has formed a head and shoulders pattern, indicating potential further declines, with key support levels at $18 and $15.
CCounselors, a consultancy based in Düsseldorf and Zurich, is expanding its partnership with the addition of two banking experts, Katrin Nesemann and Patrizia Ribaudo, starting January 2025. Nesemann brings extensive experience in strategic communication, having held senior roles in various organizations, while Ribaudo, a former financial journalist, has two decades of expertise in corporate communication within the financial sector.
CCounselors, a strategy consulting firm operating in Switzerland and Germany, is expanding its partnership with the addition of communications experts Katrin Nesemann and Patrizia Ribaudo, effective January 2025. Nesemann brings 30 years of experience in communications and change processes, while Ribaudo contributes 20 years of expertise from her roles in financial journalism and corporate communications.
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big banks face scrutiny as annual results are set to be revealed
Swiss Franc
United States Dollar
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Vontobel Holding AG
Daniel Bosshard
Romeo Lacher
Nic Dreckmann
Stefan Bollinger
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11:19 02.02.2025
major banks face scrutiny as annual results are set to be revealed
Swiss Franc
United States Dollar
Euro
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07:02 31.01.2025
swiss banks face challenges from interest rate changes and new regulations
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USA
CHE
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06:02 24.01.2025
luxury skis and banking bonuses highlight economic disparities in switzerland
07:58 09.01.2025
Swiss Finance and Property enhances client advisor team in Zurich
Euro
United States Dollar
Credit Suisse High Yield Bond Fund, Inc.
Vontobel Holding AG
Fidelity International Index
COI Partners AG
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Swiss Finance & Property Group Ltd.
CHE
Daniel Kuenzi
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14:48 07.01.2025
vontobel completes acquisition of ihag privatbank client book worth 3 billion chf
08:44 06.01.2025
vontobel completes acquisition of ihag private bank client book worth chf 3 billion
08:44 06.01.2025
Chainlink faces volatility but expert predicts price rebound in 2025
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16:46 30.12.2024
consulting firm adds banking experts to enhance strategic communication capabilities
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Euro
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BVI.EU Deutschland GmbH
CHE
DEU
Peter Dietlmaier
Richard Lips
Christian Lawrence
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Michael Schoenenberger
Victor Schmid
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06:05 20.12.2024
strategy consulting firm adds banking experts to expand partner team
United States Dollar
Euro
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BVI.EU Deutschland GmbH
DEU
Peter Dietlmaier
Richard Lips
Christian Lawrence
Matthias Goldbeck
Dominique Reber
Patrizia Ribaudo
Katrin Nesemann
Michael Schoenenberger
Victor Schmid
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06:05 20.12.2024
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