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Swiss Banks Ranked for Friendliness and Customer Satisfaction in New Survey
A recent survey of 1,500 bank customers revealed that cantonal banks, particularly those in Lucerne and Berne, excel in friendliness, advice, and customer service, scoring 8.6 out of 10. In contrast, UBS and Swissquote received low satisfaction ratings, with Swissquote and Cembra Money Bank being the least favored. Overall, the neo-bank Neon topped the satisfaction rankings, followed closely by several cantonal banks.
Swiss Bank Customers Express Dissatisfaction Over Low Interest Rates and High Fees
Swiss bank customers express general satisfaction, particularly with security (8.2/10) and online banking (8/10). However, many are frustrated by low interest rates (6.4) and high fees (6.9). Neon leads in overall satisfaction (8.3), while UBS ranks lowest for interest rates (6.1) and fees (5.8).
BLKB launches sustainable real estate fund focused on northwestern Switzerland
Basellandschaftliche Kantonalbank (BLKB) is set to launch a real estate fund focused on energy-efficient properties in northwestern Switzerland, with an initial issue of CHF 160 million planned for late June. The fund aims to attract qualified investors and will feature a portfolio valued at approximately CHF 177 million, primarily consisting of residential properties. The subscription period runs from June 24 to July 23, with a settlement date of July 30, and properties will be managed by Wincasa.
Swiss banks gain mortgage clients as UBS faces customer exodus
Customers with mortgages are increasingly leaving UBS for smaller Swiss banks, driven by a desire for security and local presence. The mortgage business is thriving at institutions like BEKB and LLB, with significant growth attributed to former UBS clients following the CS takeover. Banking expert Peter V. Kunz notes that UBS's reduced branch network and tarnished image contribute to this trend, as the bank shifts focus towards wealthier clients and international financing.
BLKB Fund Management launches sustainable real estate fund in Northwestern Switzerland
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.
Richemont reports increased sales and dividend boost driven by jewelry business
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 launches sustainable real estate fund targeting 177 million francs
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.
Zürcher Kantonalbank launches campaign to support entrepreneurs across Switzerland
Zürcher Kantonalbank (ZKB) is launching a new campaign targeting entrepreneurs across various business stages, utilizing both traditional and digital media. The initiative, developed by the Zurich agency Rod Kommunikation, aims to position ZKB as a dependable partner for its corporate customers in Switzerland.
Zürcher Kantonalbank launches campaign highlighting support for Swiss businesses
Zürcher Kantonalbank (ZKB) has launched a new corporate campaign emphasizing its role as a supportive partner for businesses of all sizes in Switzerland. The campaign, developed by Rod Kommunikation, highlights ZKB's services in company start-ups, export financing, and succession solutions. Key figures involved in the initiative include Jan-Hendrik Völker-Albert, Felix Peyer, Fabiano Annoscia, and Alexandra Rahm.
finance department considers appeal on credit suisse management bonuses ruling
The Federal Department of Finance is considering an appeal against a ruling that deemed the cancellation of bonuses for former Credit Suisse managers unlawful. The court found these bonuses, totaling around CHF 60 million, were contractually guaranteed and could only be reduced during the state aid period, which ended in August 2023. The Federal Council's proposed measures aim to enhance banking stability and prevent irresponsible risk-taking by executives, but do not include a ban on bonuses.
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