{
}
Bern-Solothurn Regional Transport Ltd. is set to issue a bond worth CHF 100 million, managed by Raiffeisen and Zürcher Kantonalbank. The bond features a coupon of 0.850%, an issue price of 100.058%, and a term of 18 years, maturing on March 17, 2043, with a yield of 0.847%. It will be listed on SIX starting March 14, 2025.
The Swiss National Bank (SNB) is expected to cut the key interest rate to 0.25% in March, marking a potential end to further reductions amid declining inflation. Economists predict a shift towards interest rate hikes by 2026, influenced by economic growth and rising inflation, which could lead to increased mortgage costs and marginal rent reductions for tenants.
Cantonal banks in Switzerland benefit from explicit state guarantees and widespread tax exemptions, creating a competitive advantage over private institutions. This privilege costs taxpayers significantly during crises and distorts financial competition, with estimated annual savings for these banks reaching up to 800 million francs. The current system, rooted in historical necessity, is deemed outdated and calls for reform to ensure equal tax treatment and the removal of state guarantees.
Deutsche Bank has rapidly expanded its presence in the Swiss bond market following the exit of Credit Suisse, achieving a market share of 19.4% in 2024, second only to UBS. The bank's strategic moves, including establishing a local origination team, have positioned it as a full-service provider, culminating in accolades such as "Swiss Franc Bond House of the Year."
Florence Schnydrig Moser has been appointed as the new deputy chairwoman of Zürcher Kantonalbank's board, effective July 1, 2026. She will succeed Stephanino Isele, who is stepping down after over ten years due to age-related reasons. Moser, currently head of private banking, joined ZKB four years ago from Swisscard, where she served as CEO.
Zürcher Kantonalbank will see significant changes in its Executive Board, with Stephanino Isele stepping down as Head of the Institutionals & Multinationals unit and Deputy Chairman by June 2026, as part of a succession plan. Florence Schnydrig Moser has been elected as the new Deputy Chairwoman, effective July 1, 2026. Additionally, Remo Schmidli, Head of IT, will leave the bank on March 31, 2025, after 24 years of service.
The St.Gallen Textile Museum faces a costly renovation of 48 million Swiss francs at its current site, while city parliamentarian Gallus Hufenus proposes relocating it to the vacant Credit Suisse building to save costs and enhance urban development. The city council, however, supports the museum's renovation plans and dismisses the relocation idea, citing previous evaluations that deemed the bank building unsuitable for museum use. Hufenus criticizes this stance as a "missed opportunity" for revitalizing Broderbrunnen Square.
Bank of America has doubled its banking team in Switzerland, capitalizing on opportunities following the collapse of Credit Suisse. CEO Brian Moynihan noted the rapid expansion aims to serve both small and international Swiss businesses amid a backdrop of stricter banking regulations. Other foreign banks are also increasing their presence in the Swiss market as the government pushes for higher capital requirements for major players like UBS.
Bank of America has rapidly expanded its banking team in Switzerland, doubling its size in response to the market disruption following Credit Suisse's collapse. CEO Brian Moynihan highlighted the bank's intent to serve a diverse range of Swiss businesses, while the Swiss government plans to enforce stricter capital requirements for major banks, including UBS. Other foreign banks are also increasing their presence to target smaller companies vital to the Swiss economy.
Bank of America has doubled its banking team in Switzerland, capitalizing on opportunities following the collapse of Credit Suisse. The Swiss government is implementing stricter banking regulations, particularly for UBS, which may impact the competitive landscape. Other foreign banks are also increasing their presence to attract smaller Swiss companies.
Zürcher Kantonalbank
Companies
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
bern-solothurn regional transport issues 100 million bond with 0.850 percent coupon
13:01 27.02.2025
swiss national bank signals shift in monetary policy towards interest rate hikes
Swiss Franc
Zürcher Kantonalbank
Bank J. Safra Sarasin AG
Luzerner Kantonalbank
CHE
Elias Hafner
Thomas Rieder
Karsten Junius
Brian Mandt
Show more
18:00 26.02.2025
cantonal banks privilege creates taxpayer risks and distorts financial competition
05:03 26.02.2025
Deutsche Bank gains market share in reshaped Swiss bond landscape
06:03 25.02.2025
ZKB appoints Florence Schnydrig Moser as new deputy chairwoman
13:42 19.02.2025
executive board changes at zuricher kantonalbank ahead of planned succession
08:06 19.02.2025
debate over relocation of st gallen textile museum to credit suisse building
Swiss Franc
Credit Suisse High Yield Bond Fund, Inc.
Globus Medical, Inc.
Zürcher Kantonalbank
CHE
Gallus Hufenus
Adrian Vonlanthen
Show more
06:00 13.02.2025
Bank of America expands Swiss banking team amid Credit Suisse fallout
United States Dollar
Euro
Swiss Franc
Raiffeisen-Osteuropa-Rent
Bank of America Corporation
PostFinance Fonds 3
BNP Paribas SA
Deutsche Bank RV Global PP
Zürcher Kantonalbank
Citigroup Inc.
CHE
Bernard Mensah
Saeed Azhar
Niket Nishant
Sergio Ermotti
Brian Moynihan
Show more
18:20 12.02.2025
Bank of America expands banking team in Switzerland after Credit Suisse collapse
United States Dollar
Raiffeisen-Osteuropa-Rent
Bank of America Corporation
PostFinance Fonds 3
BNP Paribas SA
Credit Suisse High Yield Bond Fund, Inc.
Deutsche Bank RV Global PP
Zürcher Kantonalbank
Citigroup Inc.
CHE
Sergio Ermotti
Brian Moynihan
Show more
16:44 12.02.2025
Bank of America expands banking team in Switzerland after Credit Suisse collapse
Raiffeisen-Osteuropa-Rent
Bank of America Corporation
PostFinance Fonds 3
BNP Paribas SA
Credit Suisse High Yield Bond Fund, Inc.
Deutsche Bank RV Global PP
Zürcher Kantonalbank
Citigroup Inc.
USA
Sergio Ermotti
Brian Moynihan
Show more
16:44 12.02.2025
Trending
Subcategory
Corporate News
Industry Trends
Stock Market Updates
Industry Mergers & Acquisitions
Workplace Trends
Global Financial Events
Banking Regulations
Retail and Consumer Goods
Finance Mergers & Acquisitions
CEO Changes
Market Analysis and Predictions
Government Policies
Startups & Entrepreneurship
Central Bank Actions
Global Trade Developments
Domestic Politics
Financial Scams and Security
Private Equity Deals
Government Economic Policies
Corporate Social Responsibility
Countries:
Companies:
JPMorgan Chase & Co.
Tesla, Inc.
Barclays PLC
Credit Suisse Lux Digital Healt
Bank of America Corporation
UBS Group AG
Deutsche Bank Money Market PP
Apple Inc.
BNP Paribas SA
The Goldman Sachs Group, Inc.
Wells Fargo & Company
Commerzbank AG
Banco Santander, S.A.
SpaceXCoin USD
UniCredit S.p.A.
Amazon.com, Inc.
Morgan Stanley
Danske Bank A/S
NVIDIA Corporation
Google Inc.
Currencies:
United States Dollar
Euro
British Pound Sterling
Chinese Yuan
Swiss Franc
Indian Rupee
Japanese Yen
Hong Kong Dollar
Australian Dollar
Danish Krone
South Korean Won
Singapore Dollar
Russian Ruble
Offshore Chinese Yuan
Canadian Dollar
Mexican Peso
Indonesian Rupiah
Turkish Lira
Chilean Peso
United Arab Emirates Dirham
People: