A total of 271 years have passed since the establishment of the oldest Swiss bank, Wegelin & Co., until its closure. As the 13th oldest bank in the world, it has written the history of finance. In January 2013, the story was suddenly over. However, it has shaped the Swiss financial system, and her loyalty to customers has become fatal.
Private equity firms have emerged as significant players in the banking sector, marking a notable shift in the dynamic world of finance.
Three years after the end of World War II, the Deutsche Mark (DM) was introduced as the official currency in the Western Zones. Since 2001, the banknote has been in history. But even at the end of 2022, D-Mark coins and banknotes worth around 12.3 billion were still in circulation, according to the Bundesbank.
Nowadays, many firms are exploring various forms of AI for a range of uses. They look for greater back-office and middle-office efficiency and to secure better experiences and outcomes for clients. How do wealth managers cope with AI?
The digital euro is to be part of people's everyday lives in a few years, says Joachim Nagel, president of the German Bundesbank. The euro currency guards are already working intensively on a digital version of the common currency.
Private investors are becoming more important and are changing football in the background more strongly than many think. The role of super-rich owners, including oil-producing countries, is continuing to decline. Football is rapidly changing from an economic point of view after the Corona pandemic.
According to data provided by GlobalData, the top 25 global banks had a mixed performance in the third quarter of 2023. Their aggregate market capitalization dropped by 1.3%.
Climate change poses significant risks to the global economy, and the financial sector is not immune to its effects. Recognizing the need to address these risks the European Banking Authority (EBA) has announced several changes to ensure that banks fully reflect climate change risks in their capital buffers. In this article, we will explore the EBA's proposed measures and their implications for the banking industry.

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