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Postfinance is redesigning its branches to enhance personal advice and customer experience, starting with a pilot branch in Lausanne. The new concept features an open entrance, an "interactive table" for entertainment, and aims to simplify services while maintaining the importance of physical locations in banking. Two additional pilot branches are set to open in Thun in early 2025.
Mortgage interest rates in Switzerland have significantly decreased, with ten-year fixed-rate mortgages averaging 1.56% and two-year rates hitting a low of 1.30%. This decline follows the Swiss National Bank's recent interest rate cut, although further reductions into negative territory are deemed unlikely. Historically, rates have not dipped below 1.00% even during the SNB's ultra-loose monetary policy phase.
MEV Bridge is set to launch MEV FLASH on December 19, 2024, a groundbreaking platform designed to democratize access to decentralized finance. Offering zero-interest loans and instant liquidity, it allows users to retain ownership of their assets while engaging in advanced financial strategies. The initiative aims to empower individuals in a rapidly evolving financial landscape, with an exclusive airdrop event, mbridge28, rewarding early adopters.
Lienhardt & Partner has expanded its private banking presence in Bern by hiring Prusho Ponniah, a former banker at Credit Suisse and J.P. Morgan. The bank, which operates as a hybrid of private banking and real estate, aims for organic growth in the region, leveraging Ponniah's extensive local network. CEO Duri Prader noted that the bank's revenues grew significantly in the first half of the year, reflecting a strong performance across all business areas.
Lienhardt & Partner has expanded its private banking presence in Bern by hiring Prusho Ponniah, a former banker at Credit Suisse and J.P. Morgan. The bank, which operates as a hybrid of private banking and real estate, aims for organic growth in the region, leveraging Ponniah's extensive local network. Under CEO Duri Prader, Lienhardt & Partner reported a nearly 40% increase in half-year profits, reflecting strong growth across all business areas.
Lienhardt & Partner has appointed Prusho Ponniah, a former banker at Credit Suisse and J.P. Morgan, to lead its expansion into private banking in Bern. The firm, which blends private banking with real estate, aims for organic growth in the region, leveraging Ponniah's extensive local network. The bank reported a strong first half of the year, with a nearly 40% increase in profits.
Lienhardt & Partner has appointed Prusho Ponniah, a former banker at Credit Suisse and J.P. Morgan, to lead its expansion into private banking in Bern. The firm, which blends private banking with real estate, aims for organic growth in the region, leveraging Ponniah's extensive local network. The bank reported a strong first half of the year, with a nearly 40% increase in profits.
Altcoin season is thriving, with BNB and Chainlink experiencing significant price surges, driven by bullish sentiment and strategic partnerships. BNB has briefly surpassed its previous ATH of $700, with analysts predicting a rise to $1000, while Chainlink's price has jumped over 128% amid new collaborations with EU regulators.Rollblock's crypto presale is gaining traction, having raised over $7.2 million and seen its RBLK token surge by 310%. The platform's unique revenue-sharing model and provably fair casino games are attracting traders, positioning it for a promising launch in the expanding online gambling market.
Ethereum is poised for significant growth, with predictions suggesting a price surge to $4,300 by 2025, driven by the tokenization of real-world assets (RWA). Large holders are accumulating ETH, controlling 57% of the supply, while institutional interest grows, evidenced by steady inflows into Ethereum ETFs. The market for tokenized assets is expanding, with Ethereum potentially capturing over $100 billion in transaction fees as regulatory clarity from a pro-crypto SEC accelerates this transition.
Rents for new or re-rented apartments in Switzerland rose by 0.3% in November, reversing a similar decline in October, with an annual increase of 3.1%. Notable regional variations include a significant drop in Graubünden (-4.4%) and strong gains in Schwyz (+9.7%) and Zug (+7.4%). In Swiss cities, Lugano saw a slight monthly decline (-0.1%) but a yearly increase of +6.5%, while Lucerne led with a +7.0% rise over the past year.
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