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Glarner Kantonalbank released its 2024 real estate market report on October 7, providing crucial insights into the Swiss real estate sector. The bank's share price increased by 0.88% to EUR 22.80, with a market capitalization of EUR 307.8 million and a dividend yield of 4.82%. Analysts indicate a pressing need for action among shareholders, prompting discussions on whether to buy or sell.
VP Bank's share price fell by 1.13% to CHF 70.20 on October 7, 2024, but the dividend yield has risen to an attractive 7.12%, based on a CHF 5.00 per share dividend for 2024. The price/earnings ratio stands at 9.55, suggesting potential undervaluation, despite a 20.05% annual decline. Investors are urged to consider their options as new analysis indicates a pressing need for action among shareholders.
The Crypto Valley Association is set to host the Web3Banking Symposium on March 6, 2024, in Geneva, Switzerland, aimed at bridging the gap between traditional banking and blockchain technology. The event will focus on five key themes, including legal regulations, AML compliance, tax principles, product development, and infrastructure security, addressing the challenges of integrating cryptocurrencies into banking services. Notable participants will include major banks and digital asset service providers, fostering collaboration in the evolving financial landscape.
UBS economists have revised their 2025 GDP growth forecast for Switzerland down to 1.3% from 1.5%, citing a weaker eurozone economy as a key factor. While a recovery is expected compared to 2024's projected 1% growth, uncertainties remain regarding domestic demand and eurozone developments, with risks of a stalled recovery. Inflation is anticipated to decrease more sharply, with forecasts of 1.1% for the current year and 0.7% for 2025.
UBS economists have revised their growth forecasts for the Swiss economy in 2025, now predicting a GDP growth of 1.3%, down from 1.5%. The slowdown in the eurozone is expected to hinder Swiss industrial recovery, while inflation forecasts have been adjusted to 1.1% for this year and 0.7% for 2025, supporting consumption outlook.
The SNB's anticipated interest rate cuts aim to address a declining inflation rate, primarily driven by lower import prices, while domestic inflation remains high. However, these cuts are ineffective for managing the Swiss franc's value, as interest rates do not significantly influence currency demand. Instead, the franc's appeal stems from its status as a safe haven, necessitating potential foreign exchange market interventions to stabilize its value amidst ongoing upward pressure.
UBS economists have revised their growth forecast for the Swiss economy in 2025 to 1.3%, down from 1.5%, citing potential risks from a sluggish eurozone recovery impacting Swiss industry. For 2024, GDP growth is projected at 1.4%, with inflation expectations also lowered to 1.1% for this year and 0.7% for 2025, which may bolster consumption.
UBS economists have revised their GDP growth forecast for the Swiss economy in 2025 to 1.3%, down from 1.5%, citing a slowdown in the eurozone as a significant factor. Adjusted for sporting events, growth is expected to be 1.5%, compared to a previous estimate of 1.7%. Inflation forecasts have also been lowered, indicating a more favorable outlook for consumption.
Compenswiss has controversially shifted its custodian bank mandate from UBS to the American firm State Street, sparking political backlash and public concern over Swiss national assets being managed by a foreign entity. Critics argue the decision raises questions about compliance with federal procurement laws and the implications for asset management, despite assurances that the change is purely administrative and does not affect the location or management of the funds.
The shares of cantonal banks in St. Gallen, Lucerne, and Vaud have experienced significant declines this year, despite strong financial performance. While LUKB reported record profits amid falling interest rates, investor concerns about a potential drop in net interest income have negatively impacted share values.
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