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The Swiss National Bank (SNB) has lowered its key interest rate by 0.5 percentage points, prompting several banks to anticipate significant cuts in savings rates. While Raiffeisen and Bank Cler have temporarily maintained their rates, others like Zuger Kantonalbank and Yuh are set to reduce theirs starting January 1, 2025. The outlook for savers remains grim, with many banks already tightening rates since October, and only a few institutions, such as the Cantonal Banks of Geneva and Thurgau, still offering higher rates.
Savers are facing further reductions in interest rates as the Swiss National Bank (SNB) has lowered its key interest rate by 0.5 percentage points to 0.5 percent. This decision, made by new President Martin Schlegel, is expected to prompt banks like Yuh and Zuger Kantonalbank to cut their savings interest rates significantly. Experts predict that savers will receive even less on their account assets in the near future.
Zuger Kantonalbank has appointed Martina Bonati as the new Head of the Private and Corporate Clients department, succeeding Daniela Hausheer, who will leave the bank in June 2025. Bonati, 46, has been with ZGKB for eight years, previously overseeing corporate development and project management, and has a 12-year background at Credit Suisse Private Banking. Following the announcement, ZGKB shares rose by 0.25 percent to CHF 8,160 in SIX trading.
Martina Bonati has been appointed as a member of the Executive Board and Head of Private and Corporate Clients at Zuger Kantonalbank. With eight years of experience at the bank, she will succeed Daniela Hausheer, who is set to leave at the end of June 2025.
Zug's crypto scene faces challenges with the bankruptcy of the Lykke exchange, raising concerns among customers. Despite this, the region remains a hub for blockchain innovation, allowing tax payments in cryptocurrencies and expanding crypto services through Zuger Kantonalbank. The local infrastructure supports over 1,000 crypto companies, while luxury real estate reflects the wealth of successful entrepreneurs.
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Martina Bonati has been appointed as the new Head of the Private and Corporate Clients department at Zuger Kantonalbank, joining the Executive Board. She succeeds Daniela Hausheer, who will leave the bank in June 2025. Bonati has been with Zuger Kantonalbank for eight years, previously overseeing corporate development and project management.
Zuger Kantonalbank (ZGKB) has appointed Martina Bonati as the new Head of Private and Corporate Clients, effective immediately. She succeeds Daniela Hausheer, who will leave the bank at the end of June 2025. Bonati, 46, has been with ZGKB for eight years, previously overseeing corporate development and project management, and has a 12-year background in Credit Suisse Private Banking.
Martina Bonati has been appointed to the Executive Board of Zuger Kantonalbank, a Swiss bank based in Zug. The bank offers a variety of financial services to private customers, including savings, investment, financing, and personalized advice, alongside mortgage services and electronic banking for real-time account management.
Zuger Kantonalbank has appointed Martina Bonati as the new Head of Private and Corporate Clients, filling a vacancy on the Executive Board. Bonati, who has been with the bank for eight years and previously worked at Credit Suisse, succeeds Daniela Hausheer, who will depart in June 2025.
Martina Bonati has been appointed as the new Head of Private and Corporate Clients at Zuger Kantonalbank, joining the Executive Board. She succeeds Daniela Hausheer, who will depart in June 2025. Bonati, a Zug native, has been with the bank for eight years and previously worked at Credit Suisse for twelve years in various management roles.
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