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Berner Kantonalbank (BEKB) demonstrates resilience amid market volatility, with a share price of EUR 247.50 as of October 8, 2024, reflecting a 0.41% increase from the previous day. The bank's strong dividend policy is highlighted by an expected EUR 10.00 per share dividend, yielding 4.04%, appealing to dividend-focused investors. Recent analyses suggest shareholders should consider their options carefully regarding buying or selling.
The gaming industry is rapidly evolving with the integration of blockchain technology, allowing players to truly own and trade in-game assets as non-fungible tokens (NFTs). This shift towards "Play-to-Earn" models is expected to grow the gaming NFT market, currently valued at $4 billion, at a CAGR of over 60% by 2032. Developers stand to benefit from new revenue streams through transaction fees and Initial Game Offerings (IGOs), making the sector increasingly attractive to asset managers.
LLB has issued a bond worth 200 million, attracting significant investor interest, reflecting its strong market reputation. Group CEO Gabriel Brenna highlighted the bank's security and stability, supported by a Tier 1 ratio of 19.7% and an Aa2 Moody's rating. The ten-year bond, yielding 1.552%, will be listed on the SIX from October 29, 2024.
The cantonal government proposes a maximum fixed salary of CHF 395,000 for the Executive Board of Urner Kantonalbank, with an additional performance-related compensation of up to 30%. This decision responds to a motion to cap salaries at CHF 350,000, which the government deems too restrictive for attracting suitable candidates. In 2023, the three board members received total remuneration of CHF 1.675 million, including employer social security contributions.
UBS warns clients of potential fraud following the integration with Credit Suisse, urging vigilance against impersonators and fake investment schemes. Clients are advised to verify any communication by contacting their advisors directly before sharing personal information or transferring funds. UBS emphasizes its commitment to holistic wealth management, combining global expertise with local knowledge to deliver tailored financial solutions, supported by a rich tradition of Swiss banking excellence.
UBS, a leading global wealth manager, combines extensive Swiss banking tradition with local expertise to offer tailored financial solutions for ultra-high-net-worth individuals and family offices. The integration of UBS and Credit Suisse enhances their capabilities, while clients are warned to be vigilant against potential fraud during this transition. Their comprehensive insights and personalized services aim to address the unique aspirations of each client, ensuring a holistic approach to wealth management.
The cantonal government proposes capping the highest fixed salary for the Executive Board of Urner Kantonalbank at CHF 395,000, with an additional performance-related compensation of up to 30%. This decision follows a motion to limit salaries to CHF 350,000, which the government deemed too restrictive for attracting suitable candidates. In 2023, the Executive Board's total remuneration was CHF 1.675 million, including social security contributions, with the CEO earning CHF 545,000.
UMAMI is expanding its production capacity fivefold with a new farm in Zurich, funded by a Series A financing round that raised 4.3 million Swiss francs. The farm will utilize an organic recirculation system, requiring 90% less water and 89% less land than traditional greenhouses, and will focus on cultivating microgreens, herbs, and potentially new products like tomatoes and strawberries. Co-founder Denis Weinberg emphasized the growing demand for local, pesticide-free products, which the new facility aims to meet sustainably.
Swiss Medical Network has acquired PDS Medical, which operates ten Centromedico practices in Ticino, aiming to establish a new integrated regional health network in Switzerland. This initiative, inspired by the Réseau de l'Arc, will introduce the Viva health plan in Ticino starting January 1. PDS Medical, which generated 42 million francs in sales last year, plays a crucial role in providing primary medical care to the local population.
The housing market in the canton of Glarus is experiencing stable demand amid limited supply, with a notable increase in residential rents by 4.5% last year. While home prices have stabilized following interest rate hikes, the recent drop in rates has revived demand, particularly for condominiums, which saw a 2.1% price increase year-on-year in Q2 2024. The outlook remains positive, with expectations of continued demand and rising rents for new apartments, although existing tenancy rents are likely to stabilize.
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Berner Kantonalbank shows resilience with steady growth and strong dividend yield
15:40 08.10.2024
gaming industry embraces tokenization and play to earn revolution
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LLB issues 200 million bond amid strong investor demand and solid ratings
13:34 08.10.2024
Uri cantonal bank sets salary cap for executive board members
12:11 08.10.2024
UBS warns clients of increased fraud risks amid Credit Suisse integration
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11:42 08.10.2024
fraud alert issued as credit suisse and ubs integration raises risks
11:42 08.10.2024
Uri cantonal bank proposes salary cap for executive board members
11:36 08.10.2024
UMAMI expands production with new sustainable farm in Zurich
11:08 08.10.2024
swiss medical network expands with acquisition of centromedico practices in ticino
09:00 08.10.2024
glarus housing market shows stable demand and rising rental prices
06:34 08.10.2024
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