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Roger Federer Joins Elite Billionaire Circle

1 day ago | finews.com | York Runne

Roger Federer Joins Elite Billionaire CircleThe wealth of Swiss tennis legend Roger Federer is estimated to be well over one billion dollars. Long-standing sponsorship deals and, in particular, his role as an investor in the sports shoe manufacturer On have significantly contributed to this fortune. According to the Bloomberg Billionaires Index, Roger Federer’s net worth is estimated at around $1,3 billion. This makes him one of the very few athletes worldwide to reach this financial league.
Goldman Sachs: New General Manager in Zurich

1 day ago | finews.com | York Runne

Goldman Sachs: New General Manager in ZurichGoldman Sachs’ relocation within Zurich—from Claridenstrasse 25 to the new building at Bahnhofstrasse 3—is imminent. Now, a new General Manager is taking over the leadership of the bank’s branch in the Limmat city. Goldman Sachs Bank Zurich has appointed Pascal Meinherz as General Manager. He currently leads a team focused on servicing German and Swiss clients, according to an internal memo seen by finews.com.
Banks Are at the Limit when it Comes to Risk Management

1 day ago | finews.com | York Runne

Banks Are at the Limit when it Comes to Risk Management Banks' risk managers currently have their hands full. Geopolitics, customs duties and increasing regulation are not making their work any easier. When it comes to recognizing default risks in their own loan portfolios, there have certainly been easier times for banks than at present. According to a survey of risk managers, increasing threats are currently being seen in several areas.
Federal Supreme Court Puts Pressure in CS AT1 Case

2 days ago | finews.com | York Runne

Federal Supreme Court Puts Pressure in CS AT1 CaseThe letter from the Federal Supreme Court to the Federal Administrative Court regarding the lawsuits against the write-down of Credit Suisse’s AT1 bonds is written in a particular tone. The highest court wants to know why there has been no «notable activity» to date. The Federal Supreme Court has given the Federal Administrative Court a deadline of July 27 to respond to supervisory notices submitted by plaintiffs.
Baker McKenzie Appoints New Partner in Geneva

2 days ago | finews.com | York Runne

Baker McKenzie Appoints New Partner in GenevaThe international law firm Baker McKenzie, which specializes in business law, has appointed a new partner at its Geneva office. Her expertise lies in M&A and private equity. Effective July 1, 2025, Diana Bellido Gomes has been promoted to partner at Baker McKenzie Switzerland. In her new role, she will work within the Global Reorganizations and Mergers & Acquisitions practice groups in Geneva.
The Mood Among Financial Analysts Continues to Brighten

2 days ago | finews.com | York Runne

The Mood Among Financial Analysts Continues to Brighten After U.S. President Donald Trump shocked the financial markets with his tariff plans at the beginning of April, the mood has calmed down again. According to the UBS survey for June, financial analysts are once again more optimistic about the situation and outlook. Following the sharp drop in sentiment in April, a recovery had already begun in May, writes UBS in its «CFA Society Switzerland Indikator» on Wednesday.
Oettinger Davidoff Stays the Course as Luxury Stumbles

3 days ago | finews.com | Florian Schwab

Oettinger Davidoff Stays the Course as Luxury StumblesDespite a weakening consumer mood, the Swiss cigar maker posted the second-best result in its history in 2024. finews.com spoke with CEO Beat Hauenstein about pricing pressure, innovation, and fresh opportunities in Asia. «2024 was a challenging year,» Beat Hauenstein said at the beginning of his annual media briefing.
BIL Suisse Strengthens Board With Legal Expert

3 days ago | finews.com | Florian Schwab

BIL Suisse Strengthens Board With Legal ExpertLawyer Stéphanie Hodara El Bez was appointed to the bank’s board of directors as of June 19, 2025. The seasoned attorney succeeds Alain Le Fort, who stepped down after 22 years on the board, BIL Suisse announced in a press release Wednesday. Stéphanie Hodara El Bez has been a partner, chairwoman of the board, and head of the banking and finance team at the Altenburger law firm, which operates in Zurich, Geneva, and Lugano, since 2008.
CS Plaintiffs Achieve Stage Success

4 days ago | finews.com | York Runne

CS Plaintiffs Achieve Stage Success The lawsuits filed by former Credit Suisse shareholders are primarily concerned with the value of the shares held at the time. The Zurich Commercial Court has now reached a decision that UBS has long been resisting. Last week, the Commercial Court of Zurich ordered a court expert opinion to be obtained on the value of Credit Suisse (CS) as at March 19, 2023. The lawyer Perica Grasarevic wrote this in a post on Linkedin on Monday.
Crypto for the Masses: How Postfinance Is Leading the Way

5 days ago | finews.com | Florian Schwab

Crypto for the Masses: How Postfinance Is Leading the WaySince last year, a large share of the Swiss population has gained access to Bitcoin and other cryptocurrencies through a banking app. finews.com met the man who made it happen: Alexander Thoma, Head of Digital Assets at Postfinance, explains how customers have responded, why Ripple has suddenly overtaken Ethereum, how Postfinance is setting new benchmarks in staking – and why all this is just the beginning.