Green credit cards – a corny gimmick? This content was published on Nov 29, 2020 Nov 29, 2020 What better way for a bank to market its green credentials directly to the public than through environmentally-sound credit cards.
More Facebook’s Libra currency to launch next year in limited format This content was published on Nov 27, 2020 Nov 27, 2020 The revamped stablecoin project has had to bend to demands of regulators, also at its home base of Switzerland.
More Blockchain trading venue challenges stock exchange dominance This content was published on Nov 26, 2020 Nov 26, 2020 Cryptocurrency-friendly Swiss bank offers new way to raise capital by creating and trading financial assets on the blockchain.
More Bill Browder threatens legal action over Swiss bank accounts linked to Magnitsky scandal This content was published on Nov 25, 2020 Nov 25, 2020 The Kremlin critic says he will sue for sanctions breaches if Credit Suisse and UBS unfreeze assets.
Bitcoin banking services edging closer to reality This content was published on Nov 20, 2020 Nov 20, 2020 The goal is to make bitcoin banking as easy as for traditional Swiss franc accounts. The technological and regulatory constraints are receding.
More Swiss prosecutor to shut down Russian money laundering probe This content was published on Nov 20, 2020 Nov 20, 2020 The Swiss Attorney General’s office has confirmed it intends to close an investigation into a suspected $230 million (CHF210 million) Russian fraud...
More National Bank’s independence 'not affected' by arms investment ban This content was published on Nov 17, 2020 Nov 17, 2020 On November 29, Swiss voters will decide whether to ban investments in weapons manufacturers.
More Ex-Credit Suisse boss recruited by Rwandan government This content was published on Nov 15, 2020 Nov 15, 2020 Tidjane Thiam has been tasked with building up the Rwandan capital Kigali as an international business location.
Swiss Post Office unit reinvents as 'radical' challenger bank This content was published on Nov 12, 2020 Nov 12, 2020 The Swiss Post Office's financial services arm is launching a “radically new” digital banking strategy.
More Fines on Swiss firms abroad will be tax deductible from 2022 This content was published on Nov 11, 2020 Nov 11, 2020 Financial penalties imposed abroad on Swiss banks or companies will be conditionally deductible as of January 1, 2022.
More Switzerland agrees to more financial transparency from 2021 This content was published on Nov 11, 2020 Nov 11, 2020 The Alpine nation has agreed to plug a few loopholes in the implementation of the international standard for the automatic exchange of information.
More Haitian dictator money remains a tough nut to crack This content was published on Nov 10, 2020 Nov 10, 2020 Legal intrigues being played out in the Swiss courts are delaying the return to Haiti of the Duvalier money held in Switzerland.
More Raiffeisen pulls out of Swiss Bankers Association This content was published on Nov 10, 2020 Nov 10, 2020 Raiffeisen, Switzerland’s third-largest banking group, says it will leave the Swiss Bankers Association (SBA) at the end of March 2021.
More Julius Bär reserves $80 million to settle FIFA corruption case This content was published on Nov 9, 2020 Nov 9, 2020 The Swiss bank has reached an agreement with US authorities investigating links to corruption involving world football’s governing body.
More Geneva freezes more than $1bn belonging to US tech entrepreneur This content was published on Nov 5, 2020 Nov 5, 2020 The Geneva public prosecutor has blocked over a billion dollars of a US entrepreneur’s money as part of the biggest tax evasion case in US history.
More Zurich prosecutor charges former Raiffeisen bank chief Vincenz This content was published on Nov 3, 2020 Nov 3, 2020 The Zurich public prosecutor has accused the ex-CEO of Swiss bank Raiffeisen Pierin Vincenz of fraud, embezzlement and bribery.
More SNB chief commends Swiss banks for handling of Covid crisis This content was published on Oct 26, 2020 Oct 26, 2020 Swiss banks have so far weathered the impact of the Covid-19 pandemic well, according to Swiss National Bank chairman Thomas Jordan.
More Pandemic makes billionaires – and their advisers – richer This content was published on Oct 26, 2020 Oct 26, 2020 For the Swiss bankers shepherding the fortunes of the world’s super-rich, it is boom time.
More Sergio Ermotti: ‘My best decision was not to follow consensus’ This content was published on Oct 19, 2020 Oct 19, 2020 Outgoing UBS chief executive Sergio Ermotti reflects on his nine years at the helm of Switzerland's largest bank.
More Former Russian oil boss sues Geneva bank for 'kickback scheme' This content was published on Oct 18, 2020 Oct 18, 2020 Sergei Bogdanchikov, the former boss of Rosneft, has filed a lawsuit in New York claiming Edmond de Rothschild embezzled him of millions.
More Swiss return frozen CHF36 million to South American football federation This content was published on Oct 14, 2020 Oct 14, 2020 Swiss authorities have returned about CHF36.6 million in funds frozen in Swiss bank accounts amid football corruption investigations.
More Banks making slow progress on diversity issues This content was published on Oct 13, 2020 Oct 13, 2020 An article implied that Tidjane Thiam had to leave Credit Suisse because of his skin colour. Where do banks stand on diversity?
More Switzerland improves anti-bribery record This content was published on Oct 13, 2020 Oct 13, 2020 Switzerland is one of the few countries to actively enforce efforts to combat bribery of foreign officials but it still has work to do.
More Switzerland shared bank account data with 66 countries in 2020 This content was published on Oct 9, 2020 Oct 9, 2020 The Alpine nation shared financial account details with 66 partner countries this year as part of a global automatic exchange of information treaty.
More WEF 2021 to be held in the luxury Swiss resort of Bürgenstock This content was published on Oct 7, 2020 Oct 7, 2020 The World Economic Forum’s annual gathering of world leaders will take place in May 2021 with the location shifting from Davos to Bürgenstock.
More Swiss bank caught in Venezuelan money-laundering scandal This content was published on Oct 6, 2020 Oct 6, 2020 The Swiss Financial Market Supervisory Authority (FINMA) has found that Banca Credinvest “seriously violated money-laundering regulations”.
More NEC buys Switzerland’s Avaloq for CHF2 billion This content was published on Oct 5, 2020 Oct 5, 2020 Japan’s NEC has agreed to buy Avaloq Group AG - Switzerland’s largest software provider to banks.
More Swiss National Bank figures show burst of franc-dousing interventions This content was published on Oct 1, 2020 Oct 1, 2020 The Swiss National Bank (SNB)’s balance sheet is now closing in on $1 trillion in size.
More Switzerland too slow in processing legal assistance requests from abroad This content was published on Sep 30, 2020 Sep 30, 2020 The country gets many requests for mutual legal assistance when it comes to international crimes but processing them takes far too long, says audit.
More Does dirty money need banking secrecy to thrive? This content was published on Sep 30, 2020 Sep 30, 2020 Despite progress in the fight against money laundering, some feel that Switzerland could still do more.
More How much blockchain does the financial world need? This content was published on Sep 29, 2020 Sep 29, 2020 The Swiss National Bank has no immediate plans to issue digital cash. So why is it dabbling in blockchain at the Bank for International...
More Rich shift funds to Swiss banks during Covid crisis This content was published on Sep 29, 2020 Sep 29, 2020 Swiss banks attracted tens of billions of francs in new client money during the first half of this year.
More ‘Flagging’ crypto bank seeks renewed impetus with board rejig This content was published on Sep 25, 2020 Sep 25, 2020 Swiss crypto bank SEBA has revamped its board of directors amid reports of it running out of steam, just a year after being awarded a banking licence.
More Government expects CHF2.5 billion deficit for 2021 This content was published on Sep 25, 2020 Sep 25, 2020 The Swiss government expects a budget deficit of CHF2.5 billion next year, owing to Covid-19.
More Julius Bär to pay back missing East German money This content was published on Sep 25, 2020 Sep 25, 2020 Swiss bank Julius Bär must pay CHF150 million to the German authorities after a court ruling on transactions in the former East Germany.
More Swiss regulator censures Bank Syz over money laundering This content was published on Sep 24, 2020 Sep 24, 2020 FINMA has reprimanded Bank Syz for breaching money laundering rules involving a business relationship with an Angolan client.
More ‘Switzerland failing to tackle money laundering’: Thelesklaf This content was published on Sep 21, 2020 Sep 21, 2020 The former head of Switzerland’s anti-money laundering office says the country is failing to pull its weight in the fight against large scale...
More Julius Bär in talks with US authorities to resolve FIFA allegations This content was published on Sep 16, 2020 Sep 16, 2020 Swiss bank Julius Bär says it may have to pay tens of millions of dollars to settle allegations by the US over its role in a FIFA corruption affair.
More Crypto Nation Switzerland evades Covid’s clutches (for now) This content was published on Sep 15, 2020 Sep 15, 2020 How long can the Swiss blockchain industry hold out against the pandemic?
More Merger rumours boost UBS and Credit Suisse shares This content was published on Sep 14, 2020 Sep 14, 2020 Shares of Credit Suisse and UBS moved to the top of SMI stocks on Monday after a media report said the Swiss banks were planning a merger.
