Facebook Libra has been in the news a lot lately. This cryptocurrency was envisioned as a so-called stablecoin. Libra was designed carefully to avoid the huge fluctuations faced by cryptocurrencies like Bitcoin. The plan was to offer a more stable currency, backed by stable securities. Sponsors like Visa, Mastercard, and Paypal seemed just about ready to get on board with… Read more →
Tag: Financial News
How to Max Out Your 401K
One of the more common investment vehicles available to workers is the 401(k) plan. As of 2019, employees can invest up to $19,000 in a 401(k) plan. Those who have reached at least 50 years of age can contribute $6,000 in catch-up contributions for a total of $25,000. This is admittedly a pretty high figure for many families to hit.… Read more →
How Stable is the Swiss Economy?
The economy of Switzerland is one of the most stable economies in the world. This is mainly attributed to the highly developed service sector. Its prestigious banks have played a vital role in giving the country an impressive reputation in the financial sector. That combined with political stability has made Switzerland a safe haven for investors, thus leading to… Read more →
Top Swiss Financial Institutions of 2016
Financial crisis has triggered a wave of new regulations in Switzerland in the recent past. Besides stability for the overall economic system and customer protection, the ongoing reforms are a reaction to harmonize Swiss regulations with existing and future EU regulations and international restrictions. These changes in the regulatory framework have been coupled with a variety of legal developments, especially… Read more →
How Will The Swiss Economy Thrive In 2017?
Switzerland is home to a thriving banking industry that has been around for some time. The idea of placing money in a Swiss bank is quite common in the American lexicon, and it aligns with how strong the industry is in the country. This article explains how the country will see growth inside and outside of banking. There are quite… Read more →
Swiss Financial Institutions Scope For New Opportunities
Investment and finance experts in Switzerland are rediscovering a market that they’ve always had right in front of them. When the global financial crisis had its breakout moment in 2008, the lucrative Swiss banking industry was forced to confront not only its operations but also its branding. After decades of catering to the ultra-rich and the secretively wealthy, Swiss bankers… Read more →
3 Ways the Brexit Vote Affects the Swiss
The political structure of Europe is vastly changing before the very eyes of many long time citizens and patrons. For the most part, the British vote to leave the European Union (Brexit) has not been good news for most of the European countries. With many downturned economic trends forecasted for the next few months, the minds of many are filled… Read more →
Comparing the Swiss Economy on a Global Scale
With Switzerland regaining their second place on the global competitive economic scale, Hong Kong continues to be the only country more competitive than this EU country. The rankings, that were first conducted in 1989, is a comprehensive report that evaluates countries across all over the world on a wide range of criteria. This report assesses 61 countries, according to criteria… Read more →
Investing in Swiss Real Estate
As a whole, Switzerland is a country that currently has a small amount of land available for housing, with space tending to be a bit smaller than other neighboring European countries. On a mass scale, around 30% of the population own homes, with a percentage even lower than this in urban areas cities such as Stockholm. When looking to rent,… Read more →
Geneva Announces First Ever Strategic Economic Plan
Geneva is known for having one of the highest densities of millionaires per capita in the world. But recently, it has been running a budget deficit, and it’s having a hard time keeping up with the growing strength of the Swiss franc, making many companies reconsider the area as their European headquarters. In January, the Swiss central bank surprised everyone by eliminating… Read more →