Wenger Plattner, the trustee for the bankrupt Zürcher Oberland Health Center (GZO), faced a setback as a court halted their attempt to force bondholders to submit their titles for a CHF 170 million bond. This ruling allows bondholders to retain control, complicating the GZO’s restructuring efforts amid demands for municipalities to share the financial burden. Without an agreement, Wetzikon Hospital risks being sold off.
about Court Ruling Strengthens Bondholders in Wetzikon Hospital Bankruptcy CaseSix Flags Entertainment Corporation
0 in Finance and 0 in Crypto last weekSIX Reports Growth in Trading Turnover for February in Switzerland and Spain
Share trading in Switzerland and Spain showed positive growth in February, with total turnover reaching CHF 135.1 billion, a 5.7% increase from the previous month. The Swiss Stock Exchange saw a notable 18% rise in equities, while Swiss franc bonds declined by 10.6%. The BME Exchange also reported a 23% increase in turnover, trading shares, bonds, and ETFs worth 38.9 billion euros.
about SIX Reports Growth in Trading Turnover for February in Switzerland and SpainAlexis Ohanian Joins Bid to Buy TikTok and Enhance User Control
Reddit co-founder Alexis Ohanian is joining billionaire Frank McCourt’s bid to acquire TikTok, aiming to transform the platform into a decentralized social media experience. Ohanian emphasizes that creators should own their audience and users their data, leveraging Frequency, a layer-1 network designed for data ownership. TikTok has dismissed rumors of a potential sale to Elon Musk as “pure fiction,” amid ongoing concerns over its Chinese ownership.
about Alexis Ohanian Joins Bid to Buy TikTok and Enhance User ControlSix Group Faces Job Cuts Amid Financial Struggles and Restructuring Efforts
The Swiss financial group Six faces significant challenges, including several hundred job losses and a plummeting investment in the French digital payment company Worldline, which threatens to erase its profits. Under new CEO Thomas Wellauer, the company is set to implement drastic restructuring measures. The acquisition of the Spanish stock exchange has also proven disappointing, adding to the urgency for immediate and substantial cuts.
about Six Group Faces Job Cuts Amid Financial Struggles and Restructuring EffortsRainbow Six Siege X Unveiled with Major Overhaul and New Operator
Ubisoft has unveiled Rainbow Six Siege X, a significant overhaul of the tactical shooter, during the Six Invitational 2025. This update, developed over three years, enhances graphics, audio, and gameplay while retaining existing operators and maps. A showcase is set for March 13, 2025, alongside the introduction of a new attacker, Rauora, in Year 10 Season 1, featuring unique gadgets and weapons.
about Rainbow Six Siege X Unveiled with Major Overhaul and New OperatorNinety-Six Partners expands services with new Asset Servicing division
Ninety-Six Partners, a Geneva-based asset manager, is expanding its services with the launch of a new Asset Servicing & Consulting division aimed at supporting independent asset managers, medium-sized banks, and family offices. The team has been strengthened by the appointments of Jérôme Moser as Managing Director and Guillaume Wegmuller as Deputy Service Officer, effective March 1, 2025. CEO Alexandre Michellod emphasized the firm’s commitment to providing tailored solutions for institutional clients and entrepreneurs.
about Ninety-Six Partners expands services with new Asset Servicing divisionBellevue Group returns to Zurich to enhance business dynamics and growth
Bellevue Asset Management has relocated back to Zurich, aiming to enhance collaboration among its 70 employees and foster a stronger corporate culture. The move comes after significant cash outflows in recent years, with the firm now focusing on healthcare strategies and new funds, including AI Health and Obesity Solutions. Additionally, Christian Koch has taken over management of BB Biotech as the company seeks revitalization.
about Bellevue Group returns to Zurich to enhance business dynamics and growthSwiss Steel Appoints New Chief Sales Officer Amid Ongoing Crisis
Swiss Steel Group has appointed Sandra Chedal-Anglay as Chief Sales Officer, replacing Patrick Lamarque d’Arrouzat, who has entered early retirement. This change was not publicly announced, raising questions about compliance with market disclosure regulations, especially amid ongoing workforce reductions and a struggling sales environment. The company is facing significant challenges, including planned job cuts at its Steeltec subsidiary, despite employee calls for management intervention.
about Swiss Steel Appoints New Chief Sales Officer Amid Ongoing CrisisDeloitte Switzerland Expands Legal Team with Former SIX Group Executive
Deloitte Switzerland has enhanced its financial market law expertise by welcoming Roger Fankhauser as a partner. Formerly the Chief Legal Officer at SIX Group, Fankhauser brings over 20 years of international legal experience and will focus on expanding services in financial and capital market law, as well as developing innovative legal tech solutions for the industry.
about Deloitte Switzerland Expands Legal Team with Former SIX Group ExecutiveAnalyst Predicts FLOKI to Reach New All-Time Highs in Bull Cycle
A prominent market analyst, Bluntz, has declared FLOKI memecoin “turbo bullish,” predicting it will reach new all-time highs (ATHs) following an ABC correction pattern on its daily chart. He anticipates FLOKI could rise to approximately $0.0004 by March, driven by ecosystem updates like the upcoming Valhalla metaverse game and a planned Exchange-Traded Product (ETP) launch on the SIX Swiss Exchange in early 2025. Despite a recent 14% price decline, trading volume surged, indicating ongoing investor interest.
about Analyst Predicts FLOKI to Reach New All-Time Highs in Bull CycleStock Market Turnover Trends in Switzerland and Spain for 2024
In 2024, the SIX Swiss Exchange reported a 13.4% increase in total turnover to CHF 1,187 billion, driven by a significant rise in bond trading (76%) and a booming ETF segment (+31%). In contrast, the BME Exchange in Spain saw an overall turnover decline of 12.9% to 423 billion euros, with bond turnover plummeting by 43.5%. Despite Spain’s stronger economic performance, this did not translate into increased stock market activity.
about Stock Market Turnover Trends in Switzerland and Spain for 2024