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Sygnum Bank is expanding its European presence by collaborating with Societe Generale-FORGE to offer the EUR CoinVertible (EURCV) stablecoin to over 20 partner banks by Q1 2025. This MiCA-regulated stablecoin, launched on the Ethereum blockchain, aims to enhance institutional adoption of digital assets in Europe, providing a secure bridge for traditional financial players. Sygnum's strategy leverages the new regulatory framework to increase access to digital asset solutions for its B2B partners and their clients.
Deutsche Bank Aktiengesellschaft has received a "Moderate Buy" rating, but top analysts recommend five other stocks as better investment opportunities. Assenagon Asset Management increased its stake by 31.7%, while other institutional investors also adjusted their holdings. The stock is currently trading at $19.46, with a 12-month range of $12.43 to $19.65.
The Bank of London has appointed Christopher Horne, a former Credit Suisse executive, as its new CEO, pending regulatory approval. This move is part of the bank's transformation under new ownership by Mangrove Capital Partners, which has supported TBOL through significant funding rounds. Horne, who has over 27 years of experience at Credit Suisse, succeeds Stephen Bell and joins a growing leadership team at TBOL, which serves over 4,500 UK businesses with various banking services.
Alexander Ziehl has been appointed CEO of VP Bank (Luxembourg) SA, effective January 1, 2025. Previously, he served as CFO of VP Fund Solutions (Luxembourg) SA and held various roles at VP Bank, including Head of Fund Services and Investment Advisor. Ziehl's extensive experience in the financial industry and customer-focused approach are vital for his leadership at VP Bank.
UBS is nearing the completion of a massive data migration of 110 petabytes from Credit Suisse in Asia, with preparations just starting in Switzerland. The process has been smooth, involving initial transfers to an external repository for checks before integration. While a few minor IT issues arose, overall progress has been positive, with no significant incidents reported.
UBS is progressing with the IT integration of Credit Suisse in Asia, having successfully migrated customer data in Hong Kong, Singapore, Japan, and Luxembourg. The process involves transferring data for 1.3 million customers and 110 petabytes to an external repository for checks before integration into UBS systems. Mike Dargan, UBS's Chief Operations and Technology Officer, noted that while the scale is significant, the technical challenges are manageable with a careful, multi-stage approach.
The European Investment Bank (EIB) is set to issue a bond worth CHF 170 million, managed by BNP Paribas (Switzerland) and UBS. The bond features a coupon rate of 0.7625%, an issue price of 100%, and a maturity date of February 11, 2037, with a yield-to-maturity margin of +20 basis points. It will be listed on SIX starting February 7, 2025, with a minimum lot size of CHF 200,000.
The European Investment Bank (EIB) is set to issue a bond worth CHF 170 million, managed by BNP Paribas (Suisse) and UBS. The bond features a coupon rate of 0.7625%, matures in 12 years on 11.02.2037, and will be listed on SIX starting 07.02.2025, with an Aaa rating from Moody's.
Spotify Technology shares have shown remarkable growth, with a market capitalization reaching EUR 90.6 billion and an annual increase of 162.39% by December 17, 2024. Despite some recent declines, the stock has maintained a strong upward trend, closing at EUR 443.95 on December 21, reflecting a year-on-year performance of 157.51%. The company continues to solidify its position in the streaming market, with analysts raising price targets amid positive business initiatives.
Spotify Technology S.A., a Luxembourg-based digital music streaming service, has received a Buy rating from UBS. The platform offers users access to millions of songs, playlists, and new releases, with options for both free and premium subscriptions that enhance the listening experience without commercial interruptions. Operating in over 20 countries, Spotify allows users to discover and enjoy music tailored to their preferences.
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Sygnum Bank partners with Societe Generale to expand European digital asset offerings
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deutsche bank stock analysis and investment outlook for 2023
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09:20 23.01.2025
Bank of London appoints Christopher Horne as new CEO amid transformation
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European Investment Bank issues CHF 170 million bond with 12 year maturity
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European Investment Bank issues 170 million CHF bond with 12 year maturity
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spotify shares surge in 2024 despite recent market fluctuations
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