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Luzerner Kantonalbank's share price has plummeted from CHF 105.40 in 2018 to CHF 62.70, raising concerns among middle-class politicians. FDP cantonal councillor Thomas Meier has questioned the cantonal government about the bank's dividend policy and the lack of government representation on its Board of Directors, despite the canton holding a significant stake.
In August, rents in Switzerland saw a monthly decline of 0.6%, with Ticino experiencing the largest drop at 1.7%. Yearly growth remains robust, particularly in Grisons (+11.7%) and Zug (+11.4%), while Lugano recorded a monthly decrease of 1.1% but a yearly increase of 7.4%.
Luzerner Kantonalbank (LUKB) shares have been on a downward trend for years, prompting political intervention. In a recent column, financial commentator Michael Föhn highlights the concerns of local shareholders, including a small investor from Lucerne, Mr. Hugentobler.
In August, rental prices in Switzerland stabilized, reverting to April levels, with the Homegate rent index dropping 0.8 points to 127.9%, though still up 4.2% year-on-year. Notable month-on-month increases were seen in Graubünden (+1.3%) and Zug (+0.3%), while declines occurred in Ticino (-1.7%) and Obwalden (-1.3%). Urban centers mostly experienced growth, except for Zurich (+0.7%) and slight decreases in Geneva and Lausanne (-0.1%), with more significant drops in Berne and St. Gallen (-1.2%).
In August, the Homegate rent index in Switzerland decreased by 0.8 points to 127.9%, although it still reflects a year-on-year increase of 4.2%. Notable exceptions to this trend included Graubünden and Zug, which saw month-on-month increases, while urban centers like Zurich experienced minimal growth and declines were noted in Geneva, Lausanne, Berne, and St. Gallen.
In August, rents for new or re-rented apartments in Switzerland decreased by 0.6% compared to July, although they rose by 4.2% year-on-year. Ticino experienced the largest monthly drop at -1.7%, while Grisons saw a notable increase of 1.3%. Over the past year, Grisons led with an 11.7% rise, followed by Zug at 11.4% and Zurich at 7.5%.
Seven Swiss institutions, including UBS, BCV, and BKB, are participating in the Agorá project, which aims to explore the integration of customer deposits and central bank money into a programmable financial platform. Launched by the Bank for International Settlements and seven central banks, the project seeks to enhance the monetary system through tokenization and smart contracts. The initiative, involving 41 private financial institutions globally, is set to run until 2025.
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