Business
UBS rejects proposed Swiss bank rules, moots less costly alternatives
The lender warns the proposal would add huge costs and threaten the continuation of its successful business model UBS on Monday (Jan 12)…
Tag
Swiss
Business
Swiss National Bank holds interest rate at zero, cuts inflation forecast
The outcome shows the central bank setting a higher bar for moving negative than for a standard rate cut The Swiss National Bank kept its…
Business
JPMorgan doubles Swiss business by targeting wealthy clients
JPMorgan doubled its Swiss domestic private banking business between 2020 and 2024 and aims to do so again by 2030 as it targets the…
Business
HSBC’s Swiss private bank boosts some bankers pay to stem exits
The Swiss arm has been increasing compensation of staff, including relationship managers HSBC Holdings’ Swiss private bank is boosting the…
Business
Siemens wins $2.5 billion order from Swiss railway for 116 trains
A Siemens Mobility "Mireo" train stands in Buchloe station after a test run. Germany's Siemens Mobility has received an order by…
Business
Swiss National Bank likely intervening to weaken franc: UBS
The Swiss National Bank (SNB) is probably stepping into the market to weaken the franc, according to economists at UBS Group. “Current…
Business
Swiss Watch Exports to U.S. Halved in September
PARIS – The U.S. lost its crown as the top market for Swiss watch exports in September. Exports to the country slumped 55.6 percent in the…
Unsorted
Swiss court says 16.5 billion Swiss francs bond write-off in Credit Suisse rescue was unlawful
A Swiss court on Tuesday (Oct 14) said the Swiss financial market regulator’s 2023 decision to write off 16.5 billion Swiss francs (S$26.7…
Business
Swiss National Bank keeps interest rate at zero, warns of tariff impact
The Swiss National Bank (SNB) held its key interest rate at zero on Thursday (Sep 25), the lowest among major central banks, as it warned…
Unsorted
Swiss Watch Exports Slump Globally in August
PARIS — Swiss watch exports cooled significantly in August. Shipments of wristwatches fell 16.4 percent, reaching 1.57 billion Swiss…
Business
China's PBOC extends currency swap pacts with ECB, Swiss, Hungarian central banks
China’s central bank has extended currency swap agreements with the European Central Bank and the central banks of Switzerland and…
Business
Swiss watchmakers sound upbeat on US as long as stocks last
Swiss watchmakers at their annual back-to-school gathering in Geneva were putting a brave face on US President Donald Trump’s tariffs…
Business
Laurent Freixe: Former Nestle CEO Was Fired After He Was Caught by His Mistress Cheating With Junior in Swiss Hotel
Former Nestlé CEO Laurent Freixe was reportedly fired after a senior executive, said to be his mistress, allegedly caught him at a Zurich…
Business
HSBC Swiss unit culls wealthy Middle Eastern clients amid regulator scrutiny: report
HSBC’s Swiss private bank has launched a cull of more than 1,000 wealthy Middle Eastern clients, as it faces scrutiny from regulators over…
Business
European shares rebound after Friday’s selloff, Swiss stocks fall
EUROPEAN shares closed higher on Monday, rebounding from six-week lows as a surge in banking stocks offset a decline in Swiss shares…
Business
Europe: Shares rebound after Friday’s selloff, Swiss stocks fall
EUROPEAN shares closed higher on Monday, rebounding from six-week lows as a surge in banking stocks offset a decline in Swiss shares…
Business
Switzerland's ebbing glaciers show a new, strange phenomenon: Holes reminiscent of Swiss cheese
RHONE GLACIER, Switzerland (AP) — Climate change appears to be making some of Switzerland's vaunted glaciers look like Swiss cheese: Full…
Business
Swiss National Bank cuts interest rate to zero in effort to stop franc inflows
The Swiss National Bank (SNB) cut its interest rate to zero, seeking to deter investors from pushing up the franc. The quarter-point…
Business
Swiss watch exports slump in May as US tariffs shake market
Asia exports slump as shipments to China, Japan and Hong Kong plunge by double digits in latest data Swiss watch exports dropped by almost…
Business
Julius Baer’s new CEO takes on old guard to revamp Swiss bank
On his first day as chief executive officer, Stefan Bollinger told staff at Julius Baer Group that they should not be afraid to speak up…
Business
UBS faces tough new Swiss banking sector rules
The Swiss government on Friday (Jun 6) proposed stricter rules for UBS following its takeover of Credit Suisse, which could make it hold…
Business
Sats proposes sale of 49% stake in holding company to Swiss airline caterer for 4.2 million euros
The disposal is consistent with its capital recycling and reallocation strategy, the ground handler says Ground handler Sats is proposing…
Business
Sats proposes 4.2 million euro sale of 49% stake in Servair joint venture to Swiss airline caterer Gategroup
The disposal is consistent with its capital recycling and reallocation strategy, the ground handler says Ground handler Sats is proposing…
Unsorted
Looming U.S. Tariffs Drove Swiss Watch Export Surge in April
PARIS – Watchmakers and retailers rushing to beat a looming, but moving, deadline for U.S. tariffs fueled timepiece exports in April. A…