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vontobel completes acquisition of ihag private bank client book worth chf 3 billion
Vontobel has successfully completed its acquisition of IHAG Private Bank's client book, valued at approximately CHF 3 billion, enhancing its presence in the DACH region. The integration of IHAG’s clients into Vontobel’s Private Clients division is underway, with the transaction positively impacting the group's results from day one. Founded in 1949, IHAG has faced operational challenges in recent years, leading to multiple reorganizations.
Chainlink faces volatility but expert predicts price rebound in 2025
Chainlink's price has recently dropped to $20.25, a 35% decline from its peak this year, amid a broader cryptocurrency market downturn. Despite this, analyst Michael van de Poppe predicts a rebound in 2025, citing Chainlink's ongoing role in decentralized finance and its recent partnerships, including a $2 million LINK token purchase by Donald Trump’s World Liberty Financial. The price has formed a head and shoulders pattern, indicating potential further declines, with key support levels at $18 and $15.
strategy consulting firm adds banking experts to expand partner team
CCounselors, a strategy consulting firm operating in Switzerland and Germany, is expanding its partnership with the addition of communications experts Katrin Nesemann and Patrizia Ribaudo, effective January 2025. Nesemann brings 30 years of experience in communications and change processes, while Ribaudo contributes 20 years of expertise from her roles in financial journalism and corporate communications.
consulting firm adds banking experts to enhance strategic communication capabilities
CCounselors, a consultancy based in Düsseldorf and Zurich, is expanding its partnership with the addition of two banking experts, Katrin Nesemann and Patrizia Ribaudo, starting January 2025. Nesemann brings extensive experience in strategic communication, having held senior roles in various organizations, while Ribaudo, a former financial journalist, has two decades of expertise in corporate communication within the financial sector.
lienhardt and partner expands private banking presence in bern with new hire
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 and partner expands private banking presence in bern with new hire
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 and partner expands private banking presence in bern with new hire
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 and Partner Expands Private Banking Presence in Bern
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.
Swiss National Bank Cuts Interest Rate to Combat Low Inflation Risks
The Swiss National Bank (SNB) has cut its benchmark interest rate by 50 basis points to 0.5% to combat low inflation, which is projected to fall further. Analysts anticipate additional cuts, potentially bringing rates to zero by mid-2025, as the SNB signals readiness for further monetary easing amid economic uncertainties.
Chainlink price rallies 20 percent as major partnerships boost market confidence
Chainlink (LINK) has surged over 20% in 24 hours, reaching $28, driven by major partnerships with Coinbase and SWIFT, and declining exchange balances as investors hold or stake their tokens. Analysts predict a potential rise to $100, contingent on breaking the $40 resistance level. With a 79.3% year-over-year increase, LINK's growth reflects strong market interest and institutional acceptance of blockchain technology.