The UBS ETF - MSCI World Socially Responsible ETF A recently increased by 0.13% to EUR 154.14 during STU trading, having started the session at EUR 153.76. A total of 210,555 shares have been traded, with the ETF reaching a 52-week high of EUR 155.80 on October 15, 2024.
Private savings are essential for maintaining a standard of living in retirement, with significant variations across global pension systems. Women face greater challenges due to career interruptions and lower wage growth, necessitating careful retirement planning. Early saving and investing in diversified portfolios can enhance financial outcomes, helping to bridge pension gaps.
François Savary and Cédric Mondada, former executives from Reyl and UBP, have launched Genvil Wealth Management and Consulting, an independent asset management firm. They are supported by Natalia Souto Rodríguez, a former partner at Prime Partners. The firm received its business license from the Swiss Financial Market Supervisory Authority (FINMA) in June of last year.
Global M&A activity saw a 10% increase in deal value in the first nine months of 2024, reaching $1.6 trillion, despite mixed results across regions. While North America and Europe showed signs of recovery, the Asia-Pacific region hit a ten-year low, primarily due to declines in China. Stricter regulatory scrutiny has delayed over 40% of transactions, complicating the deal-making landscape.
Hyposwiss Private Bank reported mixed results for the first half of 2024, with assets under management rising 8.3% to 6.2 billion Swiss francs and stable operating income of 34.4 million francs. However, net profit fell 41.4% to 2.8 million francs, impacted by a lack of extraordinary income compared to the previous year.
A debt-for-nature swap, initially structured by Credit Suisse three years ago, is gaining traction in global debt markets. This innovative financial instrument aims to refinance government debt while directing savings toward sustainable projects. Following the lead of Credit Suisse and Bank of America, at least five additional banks are now pursuing similar deals.
Neon, Yuh, and Zak lead the Consumer Bank Ranking Switzerland 2024, scoring 72.9, 71.5, and 64.1 points respectively, reflecting high customer satisfaction among neobanks. Traditional banks like Raiffeisen and Zürcher Kantonalbank are favored by women, while younger individuals still lean towards traditional banking options.
Genvil Wealth Management and Consulting SA, co-founded by financial experts François Savary and Cédric Mondada, received authorization from FINMA to operate as an asset manager in Geneva in June 2024. The firm aims to provide independent, personalized wealth management services, emphasizing transparency and client alignment. Natalia Souto joins the team, bringing two decades of experience in client relations and management support.
Basler Kantonalbank (BKB) will increase its annual payment for the state guarantee to CHF 15.2 million from 2025 to 2028, which is CHF 5 million more than the previous four-year period. This compensation is intended to cover the canton’s liability for the bank's debts in case of bankruptcy.
The Basel government has increased the annual compensation for Basler Kantonalbank (BKB) to CHF 15.2 million for the years 2025 to 2028, up by CHF 5 million from the previous period. This payment covers the state guarantee, compensating the canton for its liability in case of the bank's bankruptcy while also addressing competitive equity.
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