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BLKB Fund Management AG is launching the BLKB (CH) Sustainable Property Fund, focusing on energy-efficient real estate in Northwestern Switzerland. Targeting qualified investors, the fund aims to acquire a diversified portfolio valued at CHF 177 million, with a subscription period from June 24 to July 23, 2025. The initiative emphasizes sustainability and regional development, aligning with the bank's commitment to long-term value and climate neutrality.
The Geneva-based jewelry and watch group Richemont reported slightly higher sales, driven primarily by its jewelry business, leading to a positive market reaction. Meanwhile, Coinbase faced pressure following a hacker attack, offering a $20 million reward for information on the perpetrators. Swiss Re increased its quarterly profit despite significant losses from wildfires, while BLKB is launching a sustainable real estate fund focused on Northwestern Switzerland, aiming to raise up to CHF 160 million.
Basellandschaftliche KB is launching its first sustainable real estate fund, targeting a portfolio valued at CHF 177 million, focusing on energy-efficient residential properties in Northwestern Switzerland. The subscription period runs from June 24 to July 23, 2025, with fund payouts on July 30, 2025. BLKB will participate in the fund, which aims for long-term value retention and stable income through a diversified property portfolio.
The Swiss National Bank (SNB) is expected to cut the key interest rate to 0.25% in March, marking a potential end to further reductions amid declining inflation. Economists predict a shift towards interest rate hikes by 2026, influenced by economic growth and rising inflation, which could lead to increased mortgage costs and marginal rent reductions for tenants.
The Swiss National Bank (SNB) has reduced the key interest rate by 50 basis points to 0.5%, signaling urgency amid economic uncertainties and low inflation. While some economists view this as a necessary step to curb the franc's appreciation, others believe its impact will be limited, raising concerns about the SNB's remaining monetary policy tools. The strong franc continues to negatively affect SMEs, with many calling for measures to prevent further appreciation against the euro.
The Swiss National Bank (SNB) cut key interest rates by 50 basis points to 0.5% amid economic slowdown and low inflation, signaling urgency to prevent further appreciation of the Swiss franc. Economists express concern over diminishing options for future rate cuts, with potential foreign exchange market interventions on the table. The decision reflects growing uncertainty in the economic outlook, particularly regarding U.S. and European policies, while SMEs voice worries about the strong franc's impact on their operations.
German lawyer Eckart Seith, a whistleblower in the cum-ex scandal, is on trial in Zurich for economic espionage and violations of the Banking Act. He is accused of obtaining and sharing internal documents from Bank J. Safra Sarasin with German investigators, amid tensions between Germany's tax evasion efforts and Swiss banking secrecy. Seith's case highlights the fallout from the controversial cum-ex transactions, which led to significant tax losses across Europe and were banned in both Germany and Switzerland.
The Swiss National Bank (SNB) is expected to announce an interest rate decision soon, with economists predicting a potential cut of 50 basis points due to a deteriorating economic outlook and low inflation. Current inflation stands at 0.7%, well below the target range, while economic growth remains below potential and unemployment is rising. Analysts argue that a significant cut is necessary as the SNB has already set expectations for a rate reduction through its communication strategy.
The latest rich list reveals the Safra family maintaining a stable fourth place in Switzerland with assets of CHF 22.5 billion, while the Hinduja family's wealth rose to CHF 10.5 billion amid legal troubles. Martin Ebner's assets increased to CHF 3.8 billion, bolstered by his stake in Temenos, despite a share price decline. The UBP founding family is valued at CHF 2.3 billion, with notable bank managers like Sergio Ermotti and Colm Kelleher estimated around CHF 175 million.
The latest rich list reveals the Safra family maintaining their position with assets of 22.5 billion francs, while the Hinduja family saw a rise to 10.5 billion francs amid legal troubles. Martin Ebner's wealth increased to 3.8 billion francs despite losses from Temenos, and the de Piciotto family is valued at 2.3 billion francs. Bank managers like Sergio Ermotti and Boris Collardi are estimated at around 175 million francs, with Ermotti benefiting from a substantial salary and share value at UBS.
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BLKB Fund Management launches sustainable real estate fund in Northwestern Switzerland
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