Digital Transformation Online Commerce - «Alexa: What shall I buy?»
In many ways the online shopping experience is far superior to the traditional way of going to department stores. We look at the digitalisation of the shopping experience in the second part of our series on Digital Transformation.
27 September 2019 · News from the financial markets
The People's Republic of China marks its 70. anniversary. A good time to think deeply about the changes of the world's second biggest economy in the coming years. This is the topic of the focus edition of our quarterly publication "Investment Views".
Several central banks have already reacted to the recent weaker economic data. Nevertheless, there seems to be no way around a recession. VP Bank is sticking to the cautious positioning of its portfolio.
The future is smart and connected. The digitalisation will change our own lives as well as business models. In a new multipart series named “Digital Transformation – The path to the future” we will show which drivers are changing the way business is conducted in the future and how investors might profit from that.
VP Bank (Switzerland) Ltd secures simplified access to the German market
As one of only a small number of Swiss private banks to date, VP Bank (Switzerland) Ltd has secured the necessary exemption from the German Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – “BaFin”) under the simplified procedure. This entails simplified access to the German market.
Standard & Poor’s confirms "A" rating and stable outlook for VP Bank
In its current report dated 27 August 2019, the renowned rating agency Standard & Poor's reaffirmed its "A/Stable/A-1" rating for VP Bank, emphasising its favorable financial profile, very strong capitalization, stable shareholder structure, sound liquidity position and stable client deposit base.
VP Bank reports sharp growth in earnings and strong net new money inflows in the first half-year of 2019
With a gain of 20.5 per cent in group net income, net new money inflows of CHF 1.2 billion und a substantial increase in assets under management of 9.9 per cent to CHF 45.6 billion, VP Bank Group demonstrated a robust performance for the first six months.
The anxiety in financial markets has increased noticeably in August. We are all the more convinced of our decision to diversify the portfolio more broadly with the inclusion of gold and insurance-linked securities as well as to underweight equities.
The global economy is no longer in the best of shape. But the fact that the major central banks are changing course so hard is still surprising. Apparently, interest rate cuts lie on the horizon for the second half of the year. This is an extraordinary change of course, inasmuch as the global economic winds are blowing at the pace of their long-term average. We are seeking explanations for this overly cautious route.