Financial Market
Comment les décisions des banques centrales influent sur les marchés des devises
Les banques centrales font partie des forces les plus influentes sur le marché des devises. En particulier, les décisions relatives aux taux d'intérêt peuvent provoquer une volatilité significative des devises en quelques secondes après leur annonce, alors que les traders ajustent rapidement les prix.
La SNB maintient des taux zéro face aux craintes d'inflation, défendit les règles de capital d'UBS
La Banque centrale suisse laisse son taux directeur inchangé à 0 %, rejetant les appels à une hausse des taux en dépit des pressions d'inflation et de la faiblesse du franc.
UBS fait face à des règles plus strictes en matière de capital ; des emplois en Suisse sont menacés
Le Ständerat a voté 33-10 pour obliger UBS à couvrir les filiales étrangères à hauteur de 90% d'un capital propre robuste, une mesure saluée par le ministre des Finances Keller-Sutter, mais qui pourrait coûter jusqu'à 10 000 emplois en Suisse.
Revolut demande une licence bancaire suisse et prévoit une expansion de 150 millions de francs
La société fintech britannique souhaite s'étendre sur le lucratif marché suisse en obtenant une licence locale, visant à proposer des comptes de salaire et des IBAN suisse.
Helvetia Baloise affiche une hausse des résultats de 25,7 % au 1er semestre 2026, son RoaE atteint 18,7 %
La société d'assurance suisse a déclaré un résultat sous-jacent de 632 millions de francs, en augmentation de 25,7 % sur l'année, et un rendement sur les capitaux propres ajustés annuelisé de 18,7 %, dépassant son objectif de 16 à 18 %.
Le directeur de la FINMA s'est exprimé sur la surveillance des assurances et les risques liés au climat au symposium des petits assureurs 2026
Le président de la FINMA, Stefan Walter, a insisté sur l'accent que le régulateur porte sur la solvabilité, la protection des clients et les menaces émergentes liées au climat lors du quatrième salon annuel des compagnies d'assurance suisses de petite et moyenne taille.
La FINMA rapporte des institutions supervisées stables, malgré la hausse des risques globaux en 2025
L‘organisme de réglementation suisse indique que les banques et les assureurs ont maintenu leur stabilité malgré les turbulences géopolitiques, mais a signalé des lacunes de liquidité dans 8,2 % des fonds obligataires soumis à des scénarios de stress.
Pourquoi la Suisse devient un pôle inattendu pour les milliards de l'IA des grandes entreprises technologiques
L'intelligence artificielle est généralement associée à la Silicon Valley.
CFDs Explained: How Contracts for Difference Work
Contracts for Difference (CFDs) are derivative instruments that let traders speculate on price movements of an asset — stocks, commodities, indices, or currencies — without owning the underlying asset itself. This…
Pétrole, inflation et taux d'intérêt : le lien que les traders doivent comprendre
Le pétrole est généralement associé aux stations-service, aux entreprises de transport et d'énergie.
Swiss shares fall as SMI slips below 14,000; DocMorris jumps on bond
SMI trades below 14,000 after weak US cues and high energy prices; Novartis lag after downgrade, luxury names fall, DocMorris rises on 100m CHF convertible.
DAX slips 0.4% as oil, AI worries and weak bank shares pressure Frankfurt
German equities fell Tuesday as elevated oil prices, lingering AI concerns and downgrades weighed on banks and chemicals ahead of the Fed's decision.
UBS Shares Fall 4.7% After Bank of America Flags Flat Trading Revenues
UBS shares dropped as much as 4.7% to 41.31 francs after Bank of America CEO Brian Moynihan forecast relatively stable Q3 trading revenues, raising concerns about the Swiss bank's record trading performance.
BX Digital rebrands as SeturionX under Boerse Stuttgart Group
The Swiss Finma-licensed DLT trading system will integrate with Boerse Stuttgart's pan-European Seturion settlement platform while keeping settlement processes in Switzerland.
SMI set lower as oil rises and AI-security fears pressure chip stocks
Swiss SMI is set to open 0.26% lower as Middle East tensions lift oil and AI-security concerns weigh on chip stocks, while the dollar gains against the franc.
Best-Performing Dividend ETFs Over the Past Decade: US and Swiss Comparisons
YCharts ranks three US dividend ETFs among the top performers of the past decade, while Swiss-listed funds from UBS and BlackRock offer lower-cost alternatives with concentrated SMI exposure.
Confidence Prevails at Structured Products Forum in Interlaken
The International Structured Products Forum in Interlaken saw an optimistic tone driven by strong market performance, while speakers addressed regulatory challenges in Switzerland and the EU.
NS Partners moves Zurich office to historic White Castle
The independent asset manager shifted its Zurich branch to a 220‑sqm space in the White Castle owned by Zurich Insurance, citing client service and staff motivation.
Akara Swiss Diversity Property Fund posts stable H1 2026, completes CHF 215m capital increase
The Swiss property fund reported a 2.56% H1 return, lifted rental income by over 9% to CHF 54m and reduced its leverage ratio to 20.73% after an oversubscribed CHF 215m issuance.
Swiss Re shares drop 3.6% after Monte Carlo risk warning
The insurer fell to CHF 137.70 on Monday following comments at the industry’s Rendez‑Vous de Septembre meeting about rising reinsurance risks, while dividend yield remains at 4.4%.
European chip stocks rise on AI demand as Infineon gets Warburg buy
Infineon rose nearly 7% after Warburg upgraded it to Buy with a 84-euro target, while UBS lifted memory-chip revenue forecasts to $1.65 trillion by 2027.
Goldman Sachs and Deutsche Bank Offer Credit Baskets on French Election Outcome
Banks are marketing AT1 bond baskets and total-return swaps tied to France's April presidential vote, as political risk and a budget deficit above 5% weigh on French credit spreads.
Pourquoi le franc suisse est-il si fort — et qu'est-ce que cela signifie pour la Suisse ?
Le franc suisse a une réputation qui dépasse largement les frontières de la Suisse.
Understanding Leverage in CFD Trading: Opportunity and Risk
Leverage allows traders to open positions larger than their actual account balance by borrowing capital from a broker. In CFD trading, leverage ratios can range widely depending on the asset class, the broker, and the…
Gold or Swiss Franc? How Two Safe Havens Behave in Times of Crisis
When financial markets become nervous, two names frequently return to the conversation: gold and the Swiss franc.
FINMA director stresses proportional oversight for Swiss banks
FINMA says supervision intensity follows size, complexity and risk, not a blanket approach on small banks, citing inspection frequency and the 2020 Kleinbankenregime.
Europe's sovereign yields diverge as France and Germany face higher deficits
Ten‑year bond yields in France and Germany are nearing 2007 highs, while Spain and Italy remain below 2023 peaks, reflecting differing fiscal outlooks across the euro area.
Swiss banks face CHF 12-24 bln mortgage funding gap under Basel III
New Basel III rules could leave a CHF 12-24 billion annual financing shortfall for Swiss real estate and development projects, while owner-occupied housing benefits from lower capital requirements.
Credit Exchange CEO on scaling Swiss mortgage platform to $6 bln
Serkan Mirza discusses leading the Credit Exchange’s rapid growth, integrating AI and expanding into pensions as the B2B platform reshapes Switzerland’s mortgage market.
Partners Group faces €6bn refinancing challenge for three portfolio firms
Swiss asset manager Partners Group must refinance roughly €6 billion of debt owed by Emeria, Ammega and Breitling, with maturities in 2027‑28 and loans trading below par.
TWG working with regulators to cut affiliated insurance assets
Group 1001's insurers face scrutiny over related-party investments; TWG plans $6.5 billion swap to reduce exposure. Mark Walter denies fraud allegations.
UK proposes Bank of England mandate to support stablecoin innovation
HM Treasury plans to add a secondary objective for the BoE to foster digital payment innovation, including stablecoins, while maintaining financial stability as its primary goal. The proposal will be debated in Parliament next month.
Schwyzer Kantonalbank posts 25% rise in H1 profit on strong interest income
Swiss regional lender SZKB reports CHF 47.0 million net profit for first half of 2026, up 25% year-on-year, as net interest income surges 21.9% and business success climbs 22.6%.
Urner Kantonalbank posts 13.3% profit drop on Kamuno writedown
Swiss regional lender’s first-half profit fell to 8.9 million francs as a 13.3 million-franc Kamuno impairment offset growth in core lending and fee income.
Global economic calendar: Key events for Aug 27, 2026
Earnings season continues with German, French and U.S. companies reporting quarterly figures while central bank data and labor indicators take center stage in Europe and the U.S.
Swiss real estate risk index falls to lowest in three years, Moneypark says
Moneypark's Real Estate Risk Index dropped to 3.5 points in Q2 2026, driven by stronger PMI, low SNB rates and a slowdown in real price growth, though unemployment and migration weakness remain risks.
AI-driven Bitcoin ETP launches with adaptive allocation strategy
New BTCAI product uses Aisot’s quantitative AI models to dynamically adjust Bitcoin exposure monthly, aiming to reduce volatility risk while enhancing returns. Swiss custody and physical backing ensure security.
Allreal posts strong H1 earnings beat despite lower revaluations
Swiss real estate firm Allreal reported a 20.8% rise in underlying net profit for H1 2026, driven by asset sales and lower financing costs, while total net income fell 9.6% on reduced revaluation gains.
Former UBS CEO backs Swiss regulator in dispute with bank
Oswald Grübel, ex-CEO of UBS and Credit Suisse, sides with Finance Minister Karin Keller-Sutter against UBS's pushback on stricter capital rules. He argues state oversight is essential to prevent systemic risk.
Swiss nursing home costs top 10,000 francs monthly on average
Average stay exceeds two years, with monthly expenses ranging from 4,500 to 8,000 francs for residents. Public subsidies cover the remainder, but rising costs outpace pensions.
BofA flags stable CTA Treasury shorts, rising EUR/USD short-cover risk
Bank of America notes U.S. Treasury futures positioning remains heavily short with limited near-term cover risk, while slower-moving trend followers face pressure to reduce stretched EUR/USD short bets as the dollar weakens.
U.S. economic data due Monday: Chicago Fed index, Treasury bill auctions
Chicago Fed activity gauge and $50 billion in 3- and 6-month Treasury bill sales headline Monday’s U.S. data slate. Previous readings show modest contraction and steady yields.
Swiss wealth managers face high compliance costs under TBTF rules
Regulatory burdens for small Swiss asset managers under new rules exceed CHF 50,000 annually per firm, raising concerns over proportionality and transparency in Finma oversight.
Graubündner Kantonalbank posts 18% profit jump in H1 2026, lifts outlook
Swiss regional lender Graubündner Kantonalbank reported an 18.2% rise in H1 net profit to 137.2 million francs, with operating income up 11.2% to 286.3 million. The bank raised its full-year earnings guidance above 2025 levels.
Apollo Global discloses data breach amid broader cyberattack wave
Asset manager confirms unauthorized access to cloud platforms last month; investigation ongoing as hackers target financial firms with low-tech tactics.
Bank of America warns of market fallout if U.S. bond plan fails
BofA strategist Hartnett sees dollar weakness and increased short bets on risk assets if 30-year Treasury yields stay above 5%. S&P 500 drops 1.9% amid bond-market volatility.
AI fintech Tabs raises $92M, valued at $400M amid revenue surge
Tabs, an AI-driven finance automation platform, has grown from a 2023 launch to 180 employees and triple-digit revenue growth, backed by $92M in funding and a $400M valuation.
BMO reshuffles international capital markets leadership amid global expansion
Richard Couzens to lead unified international capital markets unit, while Chris Taves prepares to retire in 2027. Restructuring follows BMO’s push into EMEA and Asia.
LGT posts 17% profit rise in H1 2026 as assets under management hit record
Group net profit rose to 281.6 million francs as revenues climbed 5% to 1.49 billion francs, with net new money inflows reaching 12.3 billion francs. Managed assets surged 7% to a record 412.6 billion francs.
LGT posts 17% profit gain as assets top CHF400bn in H1 2026
Private bank’s net new money inflows hit CHF12.3bn, lifting managed assets to a record CHF412.6bn. CET1 ratio declines to 18.0% as costs rise 2%.
Headhunter Jauch: Balancing growth and risk key to sustainable private banking
Headhunter Reto Jauch argues that Swiss private banks must blend aggressive growth with disciplined risk management, with robust governance and compliance at the core of long-term stability.
Swiss EAMs face eight key trends amid market shifts
Consolidation, specialization and evolving client needs are reshaping Switzerland’s independent wealth management sector, with professionalization and risk management gaining prominence.
Chubb launches tailored insurance for Swiss investment managers
New Investment Management Insurance bundles D&O, professional indemnity and crime coverage for fund managers, private equity and venture capital firms. Policies adapt to corporate changes, including automatic inclusion of new funds.
AI bots waste millions of hours of scammers' time, firms say
Australian startup Apate deploys nearly 200,000 AI personas to engage fraudsters, extracting intelligence for banks and telcos while disrupting illicit operations.
Viseca posts 6.2% profit drop in H1 2026 despite transaction growth
Swiss payments provider Viseca reports lower net income as interest and fee revenues decline, offsetting higher transaction volumes and card issuance growth.
EUR/USD breakout tests dollar’s yield-driven support amid Treasury buybacks
Dollar weakens after U.S. Treasury doubles long-end bond buybacks to $4bn, narrowing yield spreads with Germany. EUR/USD eyes 1.1785 after breaking above 200-day average.
Saratoga Investment raises $85M via 8% notes due 2031
Business development company Saratoga Investment priced an $85 million unsecured notes offering at an 8% yield, maturing in 2031, with proceeds to redeem its 2027 notes.
JDC posts record H1 2026 profit, eyes AVD launch in 2027
First-half revenue rose 18.7% to €143.5 million as AI-driven efficiency gains offset weak contract transfers. Altersvorsorgedepot platform to target 50 million eligible Germans from January.
Floating-rate bond ETFs outperform as yields rise in 2026
Top-performing bond ETFs in 2026 focus on floating-rate and ultra-short strategies, avoiding duration risk amid rising Treasury yields. Key picks include USFR, JAAA and JPST.
The hidden operational toll of 24/7 Stock CFDs
STARTRADER’s 45 new round‑the‑clock equity CFDs sound like a retail breakthrough, but the back‑office, data and tech challenges may outweigh the convenience for many traders.
Migros Bank Seeks Retail Banking Head After Schawalder's Departure
Markus Schawalder, head of retail banking and executive board member at Migros Bank, is leaving to pursue new professional opportunities.
Switzerland Updates Sanctions Ordinances Concerning Moldova
The Swiss Federal Department of Economic Affairs, Education and Research has published an amendment to sanctions regarding Moldova.
Canadian dollar strengthens after inflation beats forecasts
Headline inflation in Canada rose 3.4% year-on-year in December, exceeding economist expectations and supporting the loonie's advance.
TPG Global offers $468M for Australia’s EQT Holdings
Private equity firm TPG Global proposes A$650 million ($468 million) cash bid to acquire EQT Holdings, operator of Australia’s largest independent stockbroking network.
Workday buyout buzz sparks European software stocks
Speculation over a potential acquisition of Workday lifts European software shares, with investors eyeing sector consolidation amid market volatility.
Nasdaq to expand trading hours to nearly 23 hours daily
U.S. exchange operator plans extended session from December, aiming to boost liquidity and global competitiveness amid rising after-hours activity.
San Miguel Reports Higher H1 2026 Core Profit Despite Stock Decline
San Miguel posted an increase in core profit for the first half of 2026, though its stock slipped following the update.
Unusual Machines Stock Jumps 24.6% Amid Bullish Options Signals
Unusual Machines shares surged 24.6% as trading activity in options pointed to strong bullish momentum.
U.S. retail sales fall as consumer demand weakens
Monthly retail sales declined 0.6% in August, missing forecasts and signaling broader economic strain. Core sales also dipped, raising recession concerns.
oOh!media flags softer H1 2026 profit, outlines rebound plan
Outdoor advertising firm oOh!media reports lower-than-expected first-half 2026 earnings but signals recovery through cost cuts and market share gains.
U.S. data center growth slows amid labor shortages
Construction delays and rising costs risk extending timelines for new facilities as demand from AI and cloud providers surges.
AIG introduces parametric cloud outage insurance product
Insurer AIG unveils a first-of-its-kind parametric insurance solution designed to cover financial losses from cloud service disruptions. The product targets enterprises reliant on cloud infrastructure.
Viscaria copper project secures $5B financing as Q2 2026 slides advance
Swedish copper project advances toward Q2 2026 production target with $5 billion financing nearing completion. Updated slides highlight technical and financial milestones.
Viscaria Advances Q2 2026 Mine Build as Financing Nears
Viscaria reported progress on its upcoming mine construction slated for the second quarter of 2026, with project financing nearing completion.
Norbit Posts Record Q2 2026 Results Despite Share Price Decline
Norbit reported record financial results for the second quarter of 2026, though company shares slipped following the announcement.
Copper US Unit Secures FINRA Membership and SEC Broker-Dealer Status
Copper Markets US gains regulatory approval as an SEC-registered broker-dealer and FINRA member, enabling it to offer qualified custody and financial services.
Anemoi Secures $3.2 Million in Pre-RTO Subscription Agreements
Anemoi has raised $3.2 million through pre-reverse takeover subscription agreements ahead of a public market listing.
Computershare Posts 7% FY26 EPS Growth, Shares Fall on Outlook
Computershare reported fiscal year 2026 earnings per share growth of 7% beating expectations, but its forward outlook pressured the stock.
Nike vs Adidas: Assessing Valuation and Margins in Athletic Footwear
A comparative analysis of market valuations, profit margins, and investment value between footwear giants Nike and Adidas.
U.S. budget deficit widens beyond forecasts in latest data
Shortfall exceeds projections as spending outpaces revenue, raising fiscal concerns amid economic uncertainty.
Euro zone bond yields fall as U.S. inflation cools in July
German 10-year Bund yield drops to two-week low as softer U.S. CPI data fuels bets on global rate cuts.
Figure Technologies revenue doubles on blockchain loan surge
Tokenization lender Figure Technologies reported $226 million in quarterly revenue as blockchain loan marketplace volumes hit $4.3 billion, driven by rising demand for tokenized assets.
US CPI data looms as Fed rate decision nears
Consumer prices report may determine whether the Federal Reserve delivers a rate hike next month. Economists expect modest inflation cooling.
Boxlight secures $5.5M via preferred stock private placement
Funds to support growth initiatives and product development in education technology sector.
U.S. 10-year yield hits 2024 high as long bond demand weakens
Benchmark Treasury yield rises above 4.5% as investors reassess demand for long-duration debt amid shifting rate expectations.
Blockchain tokenization to unlock $680B ship-finance market
ADI Chain and Shipfinex plan to tokenize commercial vessels, expanding access to a traditionally illiquid sector. The move targets a $680 billion ship-finance market.
NVIDIA’s 800V DC architecture seen boosting AI power infrastructure stocks
Analysts highlight potential beneficiaries as NVIDIA’s new architecture drives demand for advanced power systems in AI data centers.
FINMA issues guidance to curb digital fraud risk in Swiss banks
FINMA's latest survey found Swiss banks need stronger operational risk controls and anti‑money‑laundering measures to combat digital fraud, prompting the regulator to publish new guidance today.
Switzerland updates sanctions annexes on Iran
The Swiss Federal Department for Economic Affairs, Education and Research has amended annexes 12 and 14 of the 2025 ordinance governing measures against the Islamic Republic of Iran.