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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.
Lienhardt & Partner has appointed Prusho Ponniah, a former banker at Credit Suisse and J.P. Morgan, to lead its expansion into private banking in Bern. The firm, which blends private banking with real estate, aims for organic growth in the region, leveraging Ponniah's extensive local network. The bank reported a strong first half of the year, with a nearly 40% increase in profits.
Lienhardt & Partner has appointed Prusho Ponniah, a former banker at Credit Suisse and J.P. Morgan, to lead its expansion into private banking in Bern. The firm, which blends private banking with real estate, aims for organic growth in the region, leveraging Ponniah's extensive local network. The bank reported a strong first half of the year, with a nearly 40% increase in profits.
The Swiss National Bank (SNB) has cut its benchmark interest rate by 50 basis points to 0.5% to combat low inflation, which is projected to fall further. Analysts anticipate additional cuts, potentially bringing rates to zero by mid-2025, as the SNB signals readiness for further monetary easing amid economic uncertainties.
Chainlink (LINK) has surged over 20% in 24 hours, reaching $28, driven by major partnerships with Coinbase and SWIFT, and declining exchange balances as investors hold or stake their tokens. Analysts predict a potential rise to $100, contingent on breaking the $40 resistance level. With a 79.3% year-over-year increase, LINK's growth reflects strong market interest and institutional acceptance of blockchain technology.
Chainlink's price is currently at $22.65, down 17% from its monthly high, but analysts remain optimistic about a potential rise to $100, citing strong technical patterns and significant partnerships with major organizations like Coinbase and Swift. A cup and handle pattern suggests a target of $40 before reaching $100, contingent on surpassing its all-time high of $52.90, while a drop below $8.4 could invalidate the bullish outlook.
The Swiss National Bank (SNB) is expected to cut its guide rate soon, with most analysts predicting a reduction to 0.75 percent. While some experts foresee a potential return to negative interest rates by the end of 2025, this would require significant economic downturns and inflation falling into negative territory, which currently seems unlikely.
Vontobel has appointed Marcel Räber as the new head of Private Clients for Central Switzerland, transitioning from his role at Luzerner Kantonalbank. He will officially assume his position on the 1st of the upcoming month.
Vontobel has appointed Marcel Räber as the new Head of Private Clients Central Switzerland, effective January 1, 2025. Räber, who has over 25 years of experience at Luzerner Kantonalbank, will oversee private client teams in Lucerne and drive expansion in the segment. He succeeds Andreas Weingartner, who will focus on his role as Senior Relationship Manager.
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lienhardt and partner expands private banking presence in bern with new hire
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13:07 18.12.2024
lienhardt and partner expands private banking presence in bern with new hire
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lienhardt and partner expands private banking presence in bern with new hire
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12:59 18.12.2024
Lienhardt and Partner Expands Private Banking Presence in Bern
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12:59 18.12.2024
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Chainlink price rallies 20 percent as major partnerships boost market confidence
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09:48 12.12.2024
analysts predict chainlink price could reach 100 amid strong partnerships
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swiss national bank may cut rates again with potential for negative interest
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Vontobel appoints Marcel Räber as new head of private clients Central Switzerland
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