swiss banks

Geneva private wealth district near Place Neuve representing Union Bancaire Privee institutional expansion

UBP Expands Wealth Management Empire with Acquisition of Société Générale Units

In a significant power play within the Swiss banking landscape, Union Bancaire Privée (UBP) has agreed to acquire Société Générale’s UK-based SG Kleinwort Hambros and Swiss subsidiary Société Générale Private Banking Suisse for approximately €900 million. This strategic acquisition marks a bold expansion for UBP, significantly bolstering its presence in both the UK and Swiss

UBP Expands Wealth Management Empire with Acquisition of Société Générale Units Read More »

Bleicherweg financial district street in Zurich near EFG International private banking global headquarters

EFG International: New Prospects Beyond Acquisition Rumors

For some time, speculation about Julius Bär acquiring EFG International made waves in the financial sector. However, this chatter has since quieted, and financial experts now largely dismiss the likelihood of such a deal. Nevertheless, interest in EFG International remains strong. Currently, EFG International, controlled by the Greek-Swiss Latsis shipping family, holds a strong position,

EFG International: New Prospects Beyond Acquisition Rumors Read More »

Talstrasse historic private banking townhouse in Zurich housing Rahn+Bodmer Co founded in 1750

Changing of the Guard: Switzerland’s Oldest Private Bank Sees Leadership Shift

Rahn+Bodmer, Switzerland’s longest-standing private bank, is experiencing a major change. In a recent announcement, the bank revealed that André M. Bodmer, an unlimited liability partner since 1995, won’t be returning to his active role following a recovery period after an accident. While he’s stepping back from daily operations, he’ll remain financially connected to the bank

Changing of the Guard: Switzerland’s Oldest Private Bank Sees Leadership Shift Read More »

Gotthardstrasse architectural district in Zurich near Vontobel private wealth management headquarters

Vontobel Aims for Substantial Savings After a Challenging Fiscal Year

Introduction The Zurich-based investment firm Vontobel has announced significant cost-saving measures and a strategic reorganization of its business segments following a somewhat disappointing financial year in 2023. The move to streamline operations and cut expenses comes in the wake of a 7% decrease in profits, with the company striving to adjust its strategy amid fluctuating

Vontobel Aims for Substantial Savings After a Challenging Fiscal Year Read More »

Rue de la Corraterie in Geneva private wealth quarter demonstrating resilience against Swiss franc currency strength

UBP achieves excellent 2023 results despite strong franc

Union Bancaire Privée (UBP), a renowned private bank based in Geneva, has reported a notable increase in earnings and staff recruitment over the past year. Despite facing volatility in the months ahead, UBP’s leadership remains optimistic about the future. In 2023, UBP achieved a net profit of 223.8 million Swiss Francs, marking a 6.4% increase

UBP achieves excellent 2023 results despite strong franc Read More »

Prestige retail banking avenue on Bahnhofstrasse Zurich near Julius Baer private wealth headquarters

Swiss Banking Turmoil: Julius Baer’s Credit Rating Downgrade Amid Signa Contagion

The landscape of European finance has recently been rocked by significant developments involving Julius Baer Group Ltd., a prestigious Swiss banking institution. Following one of the largest European real estate collapses since the global financial crisis, Moody’s Investors Service downgraded the credit outlook for Julius Baer from positive to negative. This change reflects growing concerns

Swiss Banking Turmoil: Julius Baer’s Credit Rating Downgrade Amid Signa Contagion Read More »

Chat with us!
Scroll to Top