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Top finews.com News

EU proposes raising defense funding in 2-trillion-euro budget

Ursula Von Der Leyen · Brussels

EU proposes raising defense funding in 2-trillion-euro budget

41% Center coverage: 110 sources

The European Union’s executive arm on Wednesday put forward a proposal for a 2 trillion euro ($2.31 trillion) seven-year budget for the bloc starting in 2028, with a significant increase in funding allocated for defense. See the Story

Bankrupt Tycoon René Benko Hit with Criminal Charges by Austrian Prosecutor

Europe · Austria

Bankrupt Tycoon René Benko Hit with Criminal Charges by Austrian Prosecutor

38% Left coverage: 21 sources

Founder of Signa Group, which owned stakes in Selfridges and the Chrysler Building, collapsed under weight of debts See the Story

Independent Financial Advisers Gain Ground as Demand for Holistic Service Grows

Environment · Singapore

Independent Financial Advisers Gain Ground as Demand for Holistic Service Grows

The life insurance market in Singapore has long been dominated by tied representatives from insurers and bank-affiliated advisers.See the Story

5 Million Dollar Embezzled: Fraud Case at the CFA Institute

The CFA Institute stands for integrity, credibility, and conscientiousness. The title «Chartered Financial Analyst» is considered a hallmark of expertise in the financial industry. Now, in New York, the former Chief Marketing Officer has been indicted for embezzlement.New York City · New York See the Story

VP Bank Names Startup Banker as New CFO

After months with an interim finance chief, Liechtenstein’s VP Bank, which also maintains a strong presence in Singapore, has found its new permanent CFO. Starting October 1, 2025, Roland Klaey — a seasoned financial executive – will step into his new role. The appointment as new chief financial officer (CFO) was announced by VP Bank’s Board of Directors on Friday. He will also join the Group Executive Management, succeeding Philippe Wuest, who…CFO · Liechtenstein See the Story

Banque Heritage with Lower Profit in the First Half of the Year

The Swiss private banking group increased its income slightly in the first half of the year. However, profit remained below the previous year's figure.Environment · Geneva See the Story

Schaffhauser Kantonalbank Suffers From Low Interest Rates

The cantonal bank from the north-eastern canton suffered a significant slump in business success in the first half of the year. Low interest rates are having a negative impact on business.Finance · Schaffhausen See the Story

Real Estate: Preliminary Sales Figures Hit Record Highs in Dubai

Demand for residential real estate in Dubai and elsewhere in the Gulf region remains high despite the recent escalation of Israel-Iran tensions and tariff disruptions, said Standard and Poor’s in its latest analysis. But the boom in the Dubai and Saudi real estate property is not a one-way street, the rating agency noted.Dubai, United Arab Emirates · Dubai Read Article

How Swiss Re Rethinks Its Talent Strategy

Whether it's «Build before Buy,» AI in recruiting, or flexible models for returning professionals: Swiss Re is pursuing a consistently forward-looking talent strategy. Chief HR Officer Cathy Desquesses explains how the world's second-largest reinsurer relies on data, inclusion, and unconventional ideas to tackle the global talent shortage.Artificial Intelligence · Zurich See the Story

UBS Derivatives Scandal: Legal Storm Brewing

100% Right coverage: 1 sources

After UBS quietly offered goodwill payments to some clients burned by dollar derivatives, a much bigger battle is unfolding. A wave of legal action is now taking shape, with investors preparing lawsuits and prosecutors reviewing complaints, signaling that the controversy is far from over. On Tuesday, the «Financial Times» revealed that UBS had made goodwill payments to select clients who suffered heavy losses from dollar-based derivatives. But t…Credit Suisse · Switzerland See the Story

Radicant Bank Divests Fiduciary Business

The subsidiary of Basellandschaftliche Kantonalbank (BLKB) gained more customers in the first half of 2025. However, high costs remain a concern. Measures have now been initiated.Liestal · Liestal See the Story

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