Archive – Banking & Fintech

Swiss court orders Falcon bank to hand over ‘illegal’ 1MDB profits

This content was published on Apr 12, 2019 The Federal Court has rejected an appeal by Falcon Private Bank against money that Switzerland’s financial watchdog seized in 2016.

Swiss mortgage rates at all-time low

This content was published on Apr 12, 2019

More Swiss bankruptcies in 2018 than ever before

This content was published on Apr 11, 2019 Last year saw a record number of bankruptcy procedures opened in Switzerland, with almost 14,000 cases involving bust businesses and individuals.

India requests bank details of those named in SwissLeaks

This content was published on Apr 9, 2019 Swiss authorities have received requests for information concerning Swiss bank accounts of four Indians named in the SwissLeaks investigation.

Ailing fintech Monetas goes into liquidation again

This content was published on Apr 9, 2019 An entry in the Swiss commercial registerExternal link indicates that the courts in canton Zug have finally lost patience with Monetas, which has been dissolved. The company had been granted several stays of execution amid hopes that it could find a new owner. Artillery One, the United States investment firm that was poised to buy…

Pesticide residues found on 93% of organic Swiss farms

This content was published on Apr 7, 2019 Most fields on organic farms in Switzerland are contaminated with pesticides, according to a study by the University of Neuchâtel.

Children playing near water in Mozambique

‘Credit Suisse should write-off Mozambique debt’: aid agencies

This content was published on Apr 5, 2019 Mozambique has been devasted by severe flooding caused by cyclone Idai that has killed hundreds and destroyed infrastructure. NGOs such as Helvetas, Keesa, Solidar Suisse and Terre des Hommes have sent a letter to Credit Suisse chief executive Tidjane Thiam urging the bank to re-think its policy on loan repayments. In January, three former Credit…

The Raiffeisen bank branch in Ernen, canton Valais, Switzerland in 2018

Raiffeisen Switzerland bank to cut 200 jobs

This content was published on Apr 4, 2019 Switzerland’s third-largest bank says it will cut up to 200 jobs to save CHF100 million ($100 million) this year.

Swiss regulator fires warning over buy-to-let property lending

This content was published on Apr 4, 2019 At its annual media conference on Thursday, the Swiss Financial Market Supervisory Authority (FINMA) turned its attention to a trend of investors putting their money into bricks and mortar, with the support of banks. A stress test carried out by FINMA late last year on 18 banks showed worrying signs of what might happen once…

Organic food sales top CHF3 billion

This content was published on Apr 3, 2019 Organic food continues to attract Swiss consumers, who spent CHF360 per person on such produce in 2018, up from CHF320 the previous year.

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